You see the term used all the time, “For lease, 2,500 sq ft. class A office space…” But what does that really mean? When you Google “Class A” an interesting list pops up describing Class A as everything from a portion of our airspace in pilot terms, to a lower level of minor league baseball, […]
What is the one business that, if you work in that business, you are expected to not only to provide expert advice, but that advice will normally be given out for free? Yes, you guessed it, real estate sales and leasing. We constantly provide free advice to property owners and tenants, primarily in the hopes […]
Though the Mesa County economy seems to be strengthening at a snail’s pace, the outlook for commercial real estate this year is looking more positive daily. Demand should begin to outpace the formerly growing supply in industrial, office and retail properties. Since our country’s credit crisis of 2008, investors […]
We all easily grasp the age-old strategy of buying real estate when prices are low and selling the real estate when prices are high. That’s part of the American way. But few of us consider the benefits in donating the real estate to a qualified charitable organization. Why would someone donate a property rather than […]
It was inevitable. The heady time of the early 2000’s had to end someday. While we real estate owners and brokers had hoped growth would last longer than it did, the 1996-2008 growth trend in the Grand Valley left us with some lasting improvements. Improvements like new schools, new and improved roads and highways, major […]
What does commercial real estate have to do with jobs? Good question. But it might be more appropriate to ask what comes first, a strong real estate economy (both residential and commercial) or jobs that require builders and contractors to construct homes and buildings to house workers and businesses? Its the jobs. Obviously, it’s business […]
The two questions everyone asks this commercial real estate broker are, “What’s going on in the market? Are prices ready to start rising?” My answers are always, “It depends.” The price of both commercial and residential real estate depends largely on the demand for that real estate. As the Western Slope economy softened in 2009, […]
Has the real estate market hit bottom? Commercial real estate brokers are asked this question daily. But the better question might be this: Where are we in terms of the business cycle? Glenn Mueller of Dividend Capital in Denver, a professor at the University of Denver, breaks the typical 20-year business cycle into four phases: […]