Tuesday, June 29, 2010

Denver Office Owners Offering Up to 10 Months Free Rent

Denver has been one of the healthier regions during the recessions. Its metro unemployment rate of 7.9% is two points below the national average, and that's excluding the college-fueled employment in nearby Boulder. Additionally, over 25,000 of its jobs come from non-health, non-retail locally headquartered companies like Level 3, Echostar, Qwest, and Coors.

But its office market is slumping like any other, with office landlords offering major concessions, including nearly a year's worth of free rent. And according to a PriceWaterhouseCoopers report, cap rates (building operating income/price paid to buy the building) rose 6/10ths of percent to 8.4%, meaning prices for office properties are still dropping relative to the income they produce.

With a healthy market like Denver struggling to fill its space, it's likely going to be a buyer's market for office space for years. It's also a good chance for downtowns to entice tenants who might otherwise head to the suburbs for cheap rents.

2 comments:

  1. Thanks for posting! I really like what you've acquired here;
    You should keep it up forever! Best of luck
    Thank you!

    ReplyDelete
  2. Thông tin kết quả xổ số hôm nay
    Xổ số tại việt nam được rất nhiều người quan tâm,
    Hiện tại thì có rất nhiều các công ty xổ số như:
    xo so hcm, xo so hau giang, xo so tien giang, xo so mien bac,
    xo so tt hue http://kqxs24h.vn/xo-so/tt-hue

    hay truy cap ngay website để biết thêm chi tiết
    thanks




    ReplyDelete