Homes For Sale in the Holly Hills Denver Neighborhood

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.

The amount of new commercial real estate developments popping up in Denver is staggering and often hard to keep pace with. The mile high city is certainly in a building and booming stage of economic progress, as Denver continues to quickly transform itself into a modern metropolis worth investing in. But lost in the shuffle of the flashy new developments springing up at a rapid pace, there is another property development opportunity to consider and that’s old and abandoned buildings. Though many developers have begun to recognize the potential of revitalizing older properties, there is still room to take advantage of existing structures. Here are some of the things to consider.

Look for a Building with Good ‘Bones’

Before you jump at the opportunity to buy a historic or abandoned building simply because you think you’ll be able to transform it with ease, consider the things that are most important to the building itself. A building that has a solid foundation requiring little-to-no renovations is a much more desirable property than one that will require extensive work to the foundation. Some buildings will simply be too costly to make it worth the effort of renovating, but the ones that have good ‘bones’ are the ones to look for. 

No matter how beautiful or historic a structure may be, it’s probably not worth the effort if you’ll have to spend and arm and a leg just to get it to where you need it. Once you have the infrastructure in working order, you can begin to start the process of renovating and building over the bones of the building, allowing you to showcase your creative vision for the property. You don’t necessarily have to feel constricted by the original architect’s vision, as you can transform a space into something far outside of what was there before.

A Sustainable Approach to Development

New property developments include starting from scratch. That means bringing in completely new building materials in order to complete the construction process, one that involves shipping materials from all over the globe and increasing the amount of energy consumption necessary to finish the job. Many commercial real estate projects also involve demolishing existing structures in order to build the new one. Instead of starting the project from square one, an older property can allow you save on material costs as well as reducing your environmental impact, a win-win in the construction arena.

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.

Are you thinking about dipping your toes into the Denver commercial real estate game, eager to start receiving the massive potential benefits associated with this smart investment asset? If so, you’re going to need to start considering your options for getting a commercial loan, as you likely won’t have all of the necessary capital up front needed to seal the deal. If you’re serious about considering the the steps you need to take prior to becoming the proud owner of any commercial real estate in Denver, here are some things to be aware of. 

Credit Score

In traditional residential loans, credit score is a big factor in determining what you will qualify for and what kind of interest rate you will be receiving. In the area of commercial loans, credit scores are less important and do not factor into the equation as much as they do in a residential loan. Of course, having a bad credit score will restrict your options and it’s certainly a good idea to find ways to improve your existing score, but this widely-used financial tool is much less important when it comes to commercial loans. 

Liquidity

In terms of a commercial loan, an important factor to bear in mind is the amount of liquid cash you will have on hand after you put a downpayment on your property. It can be tempting to throw every last cent you have into your down payment, but lenders grow weary about this fact as you will have no cash left in the event of an unforeseen event. Something like a serious emergency requiring an insurance claim will make having liquid cash on hand a crucial part to think about. In terms of lenders, they may require you have an additional 6 to 12 months on hand worth of principle and interest payments. 

Net Worth

Believe it or not, one of the first things a lender will look at prior to considering you for a commercial loan will be your net worth. A lender will calculate this by factoring your existing assets and subtracting your current liabilities from them. Very often, lenders like to see a net worth which is either equal or greater than the total amount of the loan. For example, if you are seeking a loan for $1 million, you will need to have that amount in tangible, calculable assets in order to qualify for a commercial real estate loan. 

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.

Getting into the competitive world of commercial real estate requires an adequate understanding of market fundamentals as well as having insight into what will deliver the largest return on investment. It’s not just a matter of putting up a commercial development and waiting for the tenants to begin lining up; one needs to formulate an effective option that will be attractive to both tenants and consumers, turning the area into a hub that drives economic activity. A terrific way to achieve this is through mixed-use developments, a great option for Denver commercial real estate projects.

What is Mixed-Use Development

In terms of commercial real estate, mixed-use developments are those that blend commercial, residential, cultural, or institutional uses within the same project. Typically, these developments may include condos above a shopping center, or apartments with a connected set of restaurants and co-working spaces within the same complex. Often, these developments will involve large tracts of land, possibly encompassing entire city blocks or stretching across entire neighborhoods. They may be within a single building or be made up of many structures spread across the same development.

Benefits of Mixed-Use Development

Creating a successful mixed-use development requires a proper amount of research and capital in order to achieve the desired results, as these projects can be ambitious in scope. However, the payoffs of achieving success with a mixed-use development can be substantial. A well-done mixed-use development can significantly improve the real estate market of an entire area, as a once sparsely populated area can become a mini-metropolis of sorts, attracting young professionals and spurring ongoing economic activity. Mixed-use development is seen as a fantastic tool for combating urban decay, reviving areas which had little-to-no market velocity.

Access to fresh food can be increased and energy costs and environment impacts can also be greatly reduced by having compact development that addresses major needs within a single area. These types of developments have the potential of creating a stronger sense of community and engagement among residents, as they will be much more connected with their surrounding environment. For a world driven in large part by automobiles, this is one way of reducing our dependence on cars and fossil fuels.

In addition to the massive potential for economic benefits for investors of such projects, tenants of mixed-use developments also enjoy the advantages of these benefits. The convenience factor for residents living within these types of developments is a hugely positive, providing a walkable neighborhood within densely-populated urban areas. 

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.