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Local commercial market continues slow ascent

A Colorado Springs-based real estate firm’s quarterly report indicates that the local commercial market continues to lag behind many others in its climb to pre-recession health. Quantum Commercial Group LLC’s second-quarter market report showed vacancy rates are down in the office and retail submarkets, while they remain flat for industrial space. Quantum also reported that… Continue Reading Local commercial market continues slow ascent

Powers holds title as champ of sub-markets

According to the Nor’wood Development Group Vice President Fred Veitch, Powers Boulevard is king of the Springs when it comes to retail. Much of that is thanks to Nor’wood itself, which owns the First & Main Town Center, home to numerous heavy hitters in the retail and hospitality industry. And while development continues on the… Continue Reading Powers holds title as champ of sub-markets

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Mostly good news for 2013 real estate market

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The forecast looks mostly sunny for real estate investors in 2013, according to a series of speakers who gave presentations during the Institute of Real Estate Management’s Southern Colorado economic forecast this morning. Though apartments have been hot for the last couple years, it’s still a good time to invest in them, said Doug Carter, an apartment… Continue Reading Mostly good news for 2013 real estate market

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Recent commercial office space sales should spur lower vacancy rates and rising lease rates, according to reports from Cushman & Wakefield Colorado Springs Commercial, a realty group. Continue Reading Report: Commercial real estate trading hands, vacancy rates still high

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Commercial construction remains stable

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May construction starts rose 10.2 percent from April to the highest level in nearly a year, following two previous months of stability or a slight uptick in new construction starts. The preliminary May total, released from Reed Construction Data, also included new residential building, estimated as the average of the last three months. Those statistics, however, are… Continue Reading Commercial construction remains stable

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