Denver Commercial Monthly Recap: Not only are rents not climbing, they went down for all but one floor plan type. There were decreases in all categories, except for two-bedroom, one-bathroom units.
Denver Commercial Monthly Recap: Rents also decreased during the quarter – by $17 – taking back last quarter’s gain to arrive at $1,512, or $1.74 per square foot. This figure is equal to the rate one year ago, therefore annual rental rate growth slowed to 0%, down from 4.2% last quarter.
Calibrate is proud to present the 1st Central Denver Market Report for 2020 – Below is a list of of Calibrate’s Current Commercial Listings and Recent Sales Highlights
Calibrate Real Estate published it’s 1st Newsletter report of 2020 that provides insight on the direction of the Central Denver apartment sales market and recaps transactions that have occurred since our last newsletter was published.
Dr. Seuss said, “don’t cry because it’s over; smile because it happened.” It is with mixed emotions that we announce the departure of the Johnson Piretti Team from Calibrate Real Estate. While we will miss our daily comradery and collaboration, we look forward to the new opportunities that the future presents.
Everyone has been asking us, “how has COVID-19 impacted other apartment operators?” Further, how are the leaders of Denver’s apartment industry navigating this pandemic?
The turning of a New Year is a dramatic reminder that the holidays are over and the “tax man” cometh. Regardless of your political affiliation, we’ve never heard a wealthy, real estate investor brag about how much they get to pay in property taxes
Six years after breaking the $100,000/unit price point, Central Denver apartments averaged over $204,000/unit in 2019. We calculate the average price per unit annually from Central Denver’s transactions between 10-100 units, excluding sales of recently constructed projects.
Some real estate transactions pay off in surprising ways. In May I received a phone call from Carol who said that her Mother, Juanita, had just passed away at 102 years old. She had left her daughters, Carol, Donna and Jude multiple properties in the Denver Metro area.
Searching for a Central Denver trendline within the past two years, we decided to research three 1960’s center hallway buildings sold by Calibrate Real Estate. Why?