Taking the plunge into the Denver commercial real estate market can seem enticing and hard to resist. The prospect of becoming an owner in one of the hottest markets in the country is certainly an alluring idea, one that anyone with money seeking to invest their capital into should consider. But before you start buying everything and anything you see, it’s important to ask yourself a series of questions to get a better understanding of what you should prioritize within the marketplace.

What Type of Property are You Looking for?

Are you in the market for a simple storefront property or are you thinking about buying a highrise building? Are you considering a space that will be filled by primarily retail-based tenants, or are you thinking of having the property occupied by offices or another specific type of business. Determining what type of property you want to invest in is a critical first step to gauging what kind of property would be a solid fit for your portfolio. 

Where Do You Want the Property Located?

In the world of business, it’s important to keep in mind the tired old adage of: location, location, location! This is critical when it comes to having your investment pay off dividends, as you don’t want to buy an office space in a part of town where businesses would prefer not to rent. Prioritize your preferred locations based on your budget and begin looking into what areas of town might be a good match. 

What’s Your Financial Situation?

Before you take any further steps after analyzing what types of properties you are interested in purchasing, it is absolutely critical to analyze how much cash you have on hand in order to finalize a deal. You don’t want to simply start searching around for tons of properties only to realize that you’re financial situation doesn’t allow you to purchase your preferred list. It’s important to look at how much you’ll be able to make for a down payment and what type of cash you’ll have leftover for renovations or other things you’ll need to complete.

Just because you don’t have all of the cash you need to purchase a property doesn’t necessarily mean you won’t be able to get into the commercial real estate space. The truth is, there are options for people with limited cash reserves. One such option to consider is to find a solid and trustworthy person to partner with. Taking this step definitely requires due diligence, but can be a solution to your cash issues. 

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.
 

The mile high city has loads of benefits for residents and businesses alike, as a thriving and booming economy has created serious financial returns for those who own homes and increasing the opportunities for skilled professionals. Denver has become a hub for technology-based companies, startups, and many other businesses seeking to make their mark in a city where their impact can truly be felt. Denver is a fantastic option for those seeking to make an investment in commercial real estate, and here are a few of the main reasons why.

Terrific Economic Outlook

In terms of economies in the United States, Denver is certainly near the top of the pack, with an unemployment rate near the lowest of all major cities in the US. For prospective job seekers, Denver offers a wide range of opportunities for individuals with a unique skill-set as well as those seeking less-skilled jobs, such as the service and retail industries. USA Today recently ranked Colorado as having the best economy of any state, showcasing how strong our economic outlook really is in the Centennial State. The With a population made up of many young professionals with expendable and disposable income, making Denver commercial real estate a great option to consider for firms and individuals seeking to create a valuable asset. 

Consistent Growth

According to a study by WalletHub, Denver’s economic growth remains strong and robust, giving investors in the commercial real estate sector a strong reason to consider making an investment in the marketplace. Even though growth has been strong for the past few years, Denver’s pace of growth hasn’t slowed down much and the mile high city still ranks fifth for all large cities in the United States. This study analyzed a number of economic and other types of metrics in order to determine which cities have the best economic growth in 2018.

Some of these factors including things such as the amount of growth in the college-educated population, the overall unemployment rate, and other various factors in order to determine which city is growing economically. Having an economy that is growing, especially with a skilled young professional population, is essential for making commercial real estate a viable option for investors. Retail and business real estate is only as valuable as the market which surrounds it, as the population will ultimately be the determining factor to how successful a particular asset will be. In this regard, Denver remains a sound market for commercial real estate investment. 

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.

Making the decision to invest in Denver commercial real estate is an incredibly appealing prospect for investors seeking to enter a tried-and-true commercial marketplace. Indeed, deciding to make the step of purchasing commercial real estate can be one of the smartest and most wise decisions and individual or group of individuals can make, as this type of investment can pay significant dividends in the long-term. However, there are a few important factors to consider prior to taking the plunge, as there are relevant and critical considerations to take before dipping your toes into this particular marketplace.

Get a Firm Understanding of the Marketplace

If you’re looking to invest in property in the Denver metro area, it’s important to understand that not every area is created equal. There are certain parts of town with a more solid financial and economic outlook which are better bets in terms of investment. But it is also important to be aware if an area has peaked or is far too expensive to expect a return on your investment in the short-term. 

Before starting the process of searching for your dream Denver commercial real estate property, first it’s important to define what your priorities are in regards to this substantial investment. If you’re seeking to receive an immediate source of income above what the cost of your payment is, you’ll want to assess what tenants are willing to pay for comparable property in the same area, as it will be easier to understand if your investment will pay off sooner or if you’ll have to wait several years before you can begin to rely on it as a source of income. Understanding the basic fundamentals of a marketplace are a major priority prior to engaging in this investment. 

Avoid Failing Businesses 

Let’s be clear: not every tenant is created equal, even if a business is willing to pay whatever rent you are trying to charge. There are certain businesses which are more likely to stick around for a longer period of time, such as established businesses moving into your space because it fits with their current financial plan or overall needs. Assuming that you’ll be able to count on a new clothing or electronics retail shop years into the future is simply not the case, as the marketplace will continue to shift towards ecommerce. You may still take on these businesses as tenants, just know that it may not last as long as you would like. 

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.

2019 has arrived and with it brings a ton of new opportunities and trends to make yourself aware of as the year progresses. Staying up-to-date with the latest trends can mean the difference between landing a property which pays serious dividends or being left with an asset which is hard to sell to potential tenants and leaving you with a serious amount of regret. To avoid being the investor that didn’t stay up on the newest information present in the marketplace, here are a few of the important trends to be aware of for commercial real estate in Denver.

Industrial Boom to Continue, Especially for E-Commerce Businesses

There are certainly a few parts of the commercial real estate markets in Denver which are not the best investment opportunity, specifically when it comes to large malls. As more traffic goes online, expect retailers to begin to need a different kind of space when it comes to a commercial property. One big sector which has received a massive amount of growth in the last few years is the need for server farm properties, which house large amount of data-storage and dedicated server equipment. 

These businesses services serve many companies, including any firm which has an online presence, which is practically every company which is keen to expand its market opportunities. Server farm properties as well as storage and warehouse facilities tailored for e-commerce companies should remain a hot sector of the real estate marketplace. With most businesses moving online, it’s wise to look into these types of properties.

Federal Reserve Increasing Interest Rates

As the economy has increased in strength over the last few years, rebounding from the great recession to see the stock market hit all-time highs, expect the Federal Reserve to continue raising interest rates. Interest rates were at record lows for a long period of time to encourage economic activity and boost lending practices, but with a stronger economy, the Fed has gradually increased interest rates to all financial institutions. 

This rate increase is passed down to lenders of all types, which includes the commercial real estate sector. If you are thinking about purchasing a new property in 2019, contact your local lender to see what your prospects are in terms of locking in a better rate before they get any higher. It’s possible that the Fed may pause any more interest rates if the economy slows down enough, but the forecast is currently set for higher rates in the new year.

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.

The mile high city has loads of benefits for residents and businesses alike, as a thriving and booming economy has created serious financial returns for those who own homes and increasing the opportunities for skilled professionals. Denver has become a hub for technology-based companies, startups, and many other businesses seeking to make their mark in a city where their impact can truly be felt. Denver is a fantastic option for those seeking to make an investment in commercial real estate, and here are a few of the main reasons why.

Terrific Economic Outlook

In terms of economies in the United States, Denver is certainly near the top of the pack, with an unemployment rate near the lowest of all major cities in the US. For prospective job seekers, Denver offers a wide range of opportunities for individuals with a unique skill-set as well as those seeking less-skilled jobs, such as the service and retail industries. USA Today recently ranked Colorado as having the best economy of any state, showcasing how strong our economic outlook really is in the Centennial State. The With a population made up of many young professionals with expendable and disposable income, making Denver commercial real estate a great option to consider for firms and individuals seeking to create a valuable asset. 

Consistent Growth

According to a study by WalletHub, Denver’s economic growth remains strong and robust, giving investors in the commercial real estate sector a strong reason to consider making an investment in the marketplace. Even though growth has been strong for the past few years, Denver’s pace of growth hasn’t slowed down much and the mile high city still ranks fifth for all large cities in the United States. This study analyzed a number of economic and other types of metrics in order to determine which cities have the best economic growth in 2018.

Some of these factors including things such as the amount of growth in the college-educated population, the overall unemployment rate, and other various factors in order to determine which city is growing economically. Having an economy that is growing, especially with a skilled young professional population, is essential for making commercial real estate a viable option for investors. Retail and business real estate is only as valuable as the market which surrounds it, as the population will ultimately be the determining factor to how successful a particular asset will be. In this regard, Denver remains a sound market for commercial real estate investment. 

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.