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Thinking About Entering the Denver Commercial Real Estate Market for the First Time? Here are Some Things to Be Aware of


The idea of entering the Denver commercial real estate market can be a very enticing and intriguing prospect for outsiders, as commercial real estate can easily be one of the most lucrative decisions an investor can purchase. Receiving regular income from tenants of your property can provide a consistent stream of reliable income, as well as improve your equity position. But it’s not always a smooth process devoid of any obstacles or pitfalls, as real estate can also be a losing proposition if someone isn’t careful. With that in mind, here are some of the things to be aware of if you’re entering the commercial real estate market for the very first time.

Research the Area Your Potential Property is Located In

When it comes to Denver commercial real estate, not every area is created equally. Certain parts of the city are much more dependable and worth investing in than others, as there can be unpreferable conditions which make purchasing a particular property a lot more trouble than its worth. However, it’s also important not to overextend yourself and purchase property in a hot, up-and-coming area of town if its out of your price range. 

Not all properties will earn the same return on investment, so it’s very important to consider what the current market conditions are for that neighborhood and to determine what your priorities are with this investment property. You may make the decision to buy a piece of Denver real estate that is a balance between value and growth potential. 

Investigate Current Market Conditions Wisely

In terms of how much a particular investment is worth, you should always take into account the overall market conditions, both on a local, state, national, and international level. All aspects of the economy can make investing in Denver commercial real estate more attractive or more of a gamble. It’s important to remember that the real estate market does not live in a bubble separate from other parts of the economy.

If you want to determine what the current market conditions are with regards to the Denver commercial real estate market, you will want to consult with a trusted commercial real estate company who can help guide you in the right direction. A good firm shouldn’t just tell you what you want to hear, and instead should tell you the things you need to hear in order to make the most sound and informed decision.

If you’re seeking a qualified and knowledgeable real estate firm in the Denver area to assist you through the property investment and development process, Elevation Group is your preferred choice in the mile high city. We offer expert advice and help from start to finish in order to ensure your commercial or residential project is a smooth success, providing you with the needed peace of mind to make your dreams a reality. Contact us today to begin the process of building your dream property development.

 
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Keys to Selling a Denver Real Estate Property From Your Trusted Denver Broker


August 7, 2019

If you currently own a piece of Denver commercial real estate property and you’re thinking about selling, there are a few important factors you should be aware of before you put the building on the market. Certain key components can make a world of difference between getting an offer that is underwhelming versus getting a ton of offers above your asking price. To be sure, there are methods and strategies you can employ to ensure your building or property gets the highest possible selling price. With that in mind, here are some of the important keys to selling your Denver commercial real estate property.

Know How to Market Your Property Directly to Potential Buyers

When it comes to making a sale in the world of Denver commercial real estate, it’s important to consider the things necessary to get the job done. In terms of maximizing your sale price, one of the most important factors is to get the property in front of the people most likely to purchase it. First, you should consult with your trusted Denver real estate firm to guide you towards the market that is most likely to consider purchasing your property. Targeted marketing, specifically utilizing online tools to do so, is the best strategy to making sure your property reaching the buyers you want.

Have a Story to Tell About Your Property

Selling a commercial real estate property isn’t always about just putting your property up for sale and waiting for the offers to roll in. Often, you need to craft a compelling story about your property, one that will sell the idea of your asset to potential buyers. It’s not just about showing them the features of the building, often you need to convince them that this particular building or land is unique and stands out from other similar properties. Anything which can set your property apart from the competition will help convince buyers that they’ve found their desired place.

Know How to Communicate With the Buyer

Are you overly eager to have your listing sold as soon as possible? If so, it’s best not to let your potential buyers know this, as they will have additional leverage and the ability to low-ball you in the process. Never reveal more than you need to, as people will use anything they can to get the upper-hand during negotiations. Lead the conversation and make sure you are doing what you need to convince the buyer that the property is a must-buy.

If you’re seeking a qualified and knowledgeable real estate firm in the Denver area to assist you through the property investment and development process, Elevation Group is your preferred choice in the mile high city. We offer expert advice and help from start to finish in order to ensure your commercial or residential project is a smooth success, providing you with the needed peace of mind to make your dreams a reality. Contact us today to begin the process of building your dream property development.
 
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How to Find a Diamond in the Rough When It Comes to Denver Commercial Real Estate


July 31, 2019

It’s no secret that the Denver commercial real estate market is competitive. Many properties are gone almost as soon as they’re listed, showing how hot the market continues to be. Clearly, it’s not just a matter of being able to wait it out for the perfect property, as it is still a seller’s market. But it is also wise not to simply jump at the opportunity to buy the first thing that comes across your plate, as you may end up with a property that is not worth its value. The best possible scenario is to locate a diamond in the rough, one that has been overlooked for a variety of reasons, but may still possess some serious upside. With that in mind, here is how to find a diamond in the rough in the Denver commercial real estate market.

Look for Properties in Less Competitive Areas

If you’re trying to find a diamond in the rough in the Denver commercial real estate market, it’s probably a bad idea to look at RINO, Capitol Hill, or the Highlands, as these areas remain incredibly attractive to investors. No matter how the national economy may be slowing down, certain parts of the Denver real estate market remain an extremely valuable commodity, one which plenty of investors still see the value in.

But if you’re looking for the property with the highest amount of upside and the potential to turn your investment into a serious cash cow, it’s a good idea to look in parts of the Denver metro area which most other people aren’t. Southwest Denver offers plenty of affordable properties but can come with other downsides, including having to renovate them and being located in higher crime and less desirable areas. However, the potential to reap the rewards of this type of investment is much greater and also less of a liability as opposed to many commercial real estate properties in other areas of the city. 

Consider Your Skills

Perhaps one of the best ways to maximize your commercial real estate investment is to have the skills or network necessary to flip a building and renovate it on the cheap. If you have to undergo serious renovations to your building but have to pay someone else to do it, you can kiss a large part of your investment goodbye. If it’s possible to do it yourself, you’ll thank yourself later. 

If you’re seeking a qualified and knowledgeable real estate firm in the Denver area to assist you through the property investment and development process, Elevation Group is your preferred choice in the mile high city. We offer expert advice and help from start to finish in order to ensure your commercial or residential project is a smooth success, providing you with the needed peace of mind to make your dreams a reality. Contact us today to begin the process of building your dream property development.
 
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What to Look For in Denver Commercial Real Estate Property


July 24, 2019

The act of searching for your dream Denver commercial real estate property can be a tiresome and grueling process, as there are many places to look at and not enough time. Often, it can feel like a mad dash to locate the property which will meet your specific needs and financial requirements, and you can probably bank on there being someone else looking at the same property in the process. Before you set out on an endless search to locate your dream property, here are some things to look for when finding your perfect Denver commercial real estate property.

Location to Lightrail

Denver’s public transportation system has never been on the level of Chicago or New York, but in recent years RTD has made significant strides to improve the system. New light rail lines and stations have been added in the last few years, making it more easy and accessible for on-foot commuters to get from one part of the city to the other. This fact hasn’t only affected the transportation system as a whole, but it has also had profound impacts in the world of commercial real estate.

If your commercial property is located close to a light rail line, you can expect your property value to be much higher than similar properties. This is because foot traffic will be higher and the visibility of your building will be greater than other spots in the area. If you’re thinking about purchasing commercial real estate in the Denver area, it’s a great idea to look at its proximity to light rail stations, as well as proposed light rail lines. If you can purchase something prior to a light rail going in, expect serious returns on your investment down the line. 

What’s Nearby

If you have an idea in mind for what type of businesses you’d like to operate or rent to when you buy your property, it’s a good idea to get a sense of what is nearby and what the neighborhood is like. If you’re planning to rent or operate a coffee shop or brewery in your property, it’s a great idea to research the proximity of other similar businesses in the area, as you don’t want to overdo it. It’s a great idea to also find what holes exist in terms of the neighborhood, as you may be able to come in and fulfill this need. If a neighborhood needs more clothing stores instead of coffee shops, consider that when purchasing your property.

If you’re seeking a qualified and knowledgeable real estate firm in the Denver area to assist you through the property investment and development process, Elevation Group is your preferred choice in the mile high city. We offer expert advice and help from start to finish in order to ensure your commercial or residential project is a smooth success, providing you with the needed peace of mind to make your dreams a reality. Contact us today to begin the process of building your dream property development.
 
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Here are Some Things to Look Out For in the Denver Commercial Real Estate Market This Summer


July 17, 2019

Summertime in Denver is nearly upon us and with it brings endless days of sunshine, outdoor activities, and all of the things we love about living in the state of Colorado. But summer time can also mean big changes for the Denver commercial real estate market, as you will experience many differences when it comes to competition and other economic factors as a result of more favorable weather. Summer time is a great period for vacations, hiking, and other recreational activities, but it also happens to be a great time for the commercial real estate market. With this in mind, here are some of the things to keep your eye on during the summer in the Denver commercial real estate market.

Expect More Offers, Overall Competition for Properties

During the winter months, many buyers stay away from looking at new spaces to purchase, as weather can detract someone from purchasing something. Not only is the thought of leaving the comfy confines of one’s home in favor of venturing out into the cold not a very ideal prospect for many people, but purchasing a property in the winter also means a person will have to deal with moving and renovating during a colder period of the calendar year. 

In the summer, not only does the weather heat up but the competition for commercial real estate properties does as well. Other buyers will be looking to take advantage of the warmer weather in the same way that you may be thinking about it. If you can, it’s best to begin your search before warmer weather hits to avoid having to compete with many other buyers, but summer can often be your only choice for various reasons.

Be Proactive With Your Search

When you’re thinking about purchasing a commercial real estate property in the mile high city during the summer months, it’s best to also be as proactive as possible when it comes to your search. Others may be willing to pull the trigger much faster because they sense that the competition is more intense, which means you should be as proactive as you can and get a jump on the property you are looking at. Don’t think you’ll have as much time as you need, as something might get snatched before you get the chance to make your offer. 

If you’re seeking a qualified and knowledgeable real estate firm in the Denver area to assist you through the property investment and development process, Elevation Group is your preferred choice in the mile high city. We understand that the process of purchasing commercial real estate can be a daunting prospect, and we want to make it as easy and stress-free as possible. We offer expert advice and help from start to finish in order to ensure your commercial or residential project is a smooth success, providing you with the needed peace of mind to make your dreams a reality. Contact us today to begin the process of building your dream property development.
 
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