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Apt. builders brush off overbuilding concerns

Despite fourth quarter apartment vacancy increases and rental-rate declines, Colorado Springs real estate insiders say the market is still on the upswing and will be able to support new development. Year over year, fourth quarter vacancies in Colorado Springs apartments were down, according to two reports — a statewide report from the Colorado Division of… Continue Reading Apt. builders brush off overbuilding concerns

Commercial real estate vacancy rates are at an all-time high, according to a Hoff and Leigh real estate market report that tracks local properties for sale. The report says Class B office building vacancy rates are hovering around 38 percent. Class A vacancy rates are at about 25 percent. The historical norm for Class A vacancy is… Continue Reading Commercial real estate vacancies at all-time high

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