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The act of finding your next big property in the Denver commercial real estate space is not always an easy one. There are plenty of available properties to consider, making it a difficult process to navigate. It’s not just a matter of hopping online and making a few phone calls before you secure a property worth purchasing, as there are a number of factors that go into any commercial real estate purchase. If you’ve never purchased commercial real estate before, you will certainly want to consult with a trusted professional who can assist you throughout the process, ensuring you don’t make a serious error which can prove costly in the long run. Here are the biggest reasons you should consult with a trusted advisor when looking for property in the Denver commercial real estate market.

They Can Help Inform You About What to Search For

If you’re looking for a Denver commercial real estate property to earn you income as well as have strong prospects for gaining equity over the long haul, you should definitely consider consulting with a trusted expert in the field. There are many aspects of the commercial real estate market which require an in-depth understanding of what to look for, something which is usually informed by experience and having a large amount of insight into what is needed from a property. A trusted advisor will help you determine what your priorities are and where you should begin your search, as they will be adept at navigating these unfamiliar areas for you.

They Will Know What Properties to Avoid

One of the most important parts about consulting with a commercial real estate advisor in Denver is to have them help you know which properties you should definitely avoid during your search. While there can be some properties that look like can’t-miss items, there may be issues lurking under the surface which only a trained professional will be able to spot. You shouldn’t just go with your gut and what you want to be the case, as there could be things which you are unable to see. For this reason, a trained professional will be a huge benefit to helping you find what you need in the market.

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. You shouldn’t have to fend for yourself in the highly-competitive commercial real estate marketplace, as a trusted ally can be a gamechanger when it comes to securing your next big purchase. Contact us today to begin the process of building your dream property development.
 

In 2019, Denver’s commercial real estate market has seen a great deal of development, both in terms of new projects arising as well as existing buildings seeing renovations. It’s clear that the real estate market in the mile-high city has not seen significant signs of slow-down, as development continues at a rather fervent pace, making it clear that we’ve still got a long way to go before hitting peak levels. However, it’s important to bear in mind that not every commercial real estate project is guaranteed to succeed, as you need to take the necessary steps to build the best type of project you can, one that is more likely to succeed in a changing market. Here are some of the strategies you should consider employing to stay competitive in a changing marketplace.

Mixed-Use is Still a Hot Commodity

One of the recent trends that have seen a significant amount of growth in recent years is the rise in Mixed-Use developments. These are properties that have both residential, commercial, and retail in the same complex. Recent developments, such as the still-under-construction South Broadway complex, are examples of how potent these types of properties can be in terms of their value. Having a mixed-use property can provide endless opportunities in the commercial real estate space, as you will have a steady stream of potential customers (your residents) to support the businesses that occupy your commercial spaces. 

It can be a very lucrative property, assuming you take the necessary steps to make such a project a success. It’s important to remember that not every empty spot of real estate is the right fit for these types of projects, as you will want to consider proximity to other areas of the city, local transportation, as your intended clients. For example, if you’re trying to gain a large amount of younger tenants, you won’t want to be on the outskirts of the city, as these tend to be spots where families will flock to.

Consult with the Pros

Before you dig your toes into the Denver commercial real state market, it is vitally important to have a trusted advisor to guide you throughout this process. Simply going it on your own is often a recipe for getting burned in a bad deal, or missing out on something which can prove extremely costly in the long-run. Always consult with trusted professionals before you make your first foray into the commercial real estate space.

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 end of a calendar year can often be a time when many Denver commercial real estate professionals begin to slack and look forward to their time away from the office. The end of the year means that the holidays are fast approaching, which can often cause many individuals to slack in their work and forgo taking on any serious deals or projects which can prove to be too much to juggle. But you shouldn’t take this time to simply coast, as November and December can be a great time to set yourself up for success, both in the remaining weeks of the year as well as into the new year. Here’s how you can use the end of 2019 to crush it in the Denver commercial real estate market.

Begin the Process of Analyzing What Worked and What Didn’t in 2019

One of the best strategies for improving upon your current situation is to take a deep look into the strategies you’ve employed as a commercial real estate professional or investor. It’s always important to look at the things you’ve accomplished as well as the things that didn’t go your way in order to figure out what your best step forward will be for the following year. A proper, honest look at one’s work can be a difficult process to undergo, as it can lead to vulnerability and the possibility of facing one’s failures head-on. But in order to fully live up to your best work, a thorough and extensive analysis of what worked and what hasn’t can be one of the best things you can do to ensure future success.

Consider Your Options, Both in the Present and in the Future

If you are looking for ways to maximize your investments and possibilities in the Denver commercial real estate space, one of the best ways you can take advantage of the end of the year is to start seeking out possible investment options, both in the present and into the next year. The holiday season is often a time when other investors are avoiding the prospect of investing in the space, opening up the possibility for you to take advantage of what is currently for sale. Additionally, the end of the year can also be the perfect time to begin thinking about what your next steps will be in the new year, as there may be a wide-array of investment opportunities on the horizon.

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.
 

Often, it can be easy to think that the holidays will be an off time for investing in the commercial real estate market in Denver, as one might assume there will be less properties available for purchasing and less buyers to make a deal happen. While things definitely become more busy for other reasons during this time, it’s certainly not a time where no deals happen, as there are still deals to be had. Certainly, warmer months of the year make for a more happening period in terms of real estate deals getting completed, but this doesn’t mean you can’t try to make something happen. Here’s why the holidays, and winter as a whole, don’t need to be a time to avoid the Denver commercial real estate market.

Less Buyers, Less Competition

For sellers looking to flip their property, the holidays are usually a time where they expect there to be much less activity and a lower likelihood of a deal being completed. However, for those looking to purchase Denver commercial real estate during this time, it can be the ideal time to search for properties worth buying, as there will be a much lower amount of competition to fend with. One of the difficult parts of the real estate market is to have to compete with other buyers who are willing to pay much higher than the asking price, making it difficult to complete a deal with ease. For this reason, the holidays can be one of the best times to look as a buyer, as you will not have as many competitors making your life difficult throughout this process.

Sellers Eager to Get Rid of Their Property

Another major reason you shouldn’t totally write off the winter time and holiday season in terms of purchasing commercial real estate is the fact that there may be sellers looking to get rid of their property for less than market value. Although the commercial real estate space can be full of competition, the holidays can present an opportune time for buyers looking to find deals, especially as some sellers may be trying to part with their property before the years end. If a seller is looking to get rid of their property, specifically one that has been on the market for a long period of time, the holidays can be one of the best times to look for Denver commercial real estate if you happen to be a buyer.

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.
 

In terms of Denver commercial real estate, there are plenty of things which can impact the valuation of your preferred property. Whether it be the neighborhood it is located in, the current market trends, the type of building, or the condition of the building itself, there are many factors which can clearly impact the value of your property. However, there are factors in the market which can impact your property’s value which are not as obvious. These are things which may not be readily apparent to a casual investor in the commercial real estate space, but can certainly impact the overall value of your investment. Here are some of the unexpected factors which can make a dent on your commercial real estate property.

Is the Building Considered to be Historic?

Before you dive head first into a project that looks to be a promising opportunity to renovate and rebuild, you need to think about whether the property is considered historic by the local government. This can severely impact your ability to make significant renovations to the building, as you might end up being hampered and unable to make the changes you would like. 

A recent local example is the owner of Tom’s Diner, who was aiming to sell his property to a developer who intended to demolish the building and put up a completely new structure in its place. Unfortunately for Tom, there was a movement which decided this would harm the neighborhood and made a push to have his building listed as historic. Ultimately, this restricted the developer from building anything in its place and restricted Tom’s options in terms of selling. Be sure to research whether this might impact your preferred building before you get too involved in the buying process.

Has there Been a Violent Crime on the Property

One thing which can also impact the value of your commercial real estate property is if there has been a crime, such as a murder, committed on the premises of your property. This tragic act is not only something which can impact businesses located at the property, but it will also impact the value of your property. You will need to disclose to any future buyers about this occurring in the past, providing you with an additional hurdle in terms of the selling process. As a buyer, you might be able to receive a significant discount as a result.

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.