Snapshots

Emerging Trends in Real Estate sees the Mile High City rebound strongly

Emerging Trends in Real Estate sees the Mile High City rebound strongly
  • In its 40th edition, the commercial real estate hallmark study jointly undertaken by PwC and the Urban Land Institute “provides an outlook on real estate investment and development trends, real estate finance and capital markets, property sectors, metropolitan areas, and other real estate issues throughout the United States.”
  • After falling precipitously out of the Top 20 a year ago, Denver’s back—placing (#8) higher than it has since 2016.
  • Perhaps all the reasons why are no surprise, but let’s review just a sampling of what some of the survey’s 750 interviewees and more than 1,640 respondents offered up about our city:
    • 2019 population growth rate is projected well above the national rate; net migration is particularly strong
    • Benefits from a large % of the population between ages of 25 and 44, supporting the need for labor
    • Labor participation rates exceeding 70 percent
    • GMP per capita that is well above the national rate
    • New businesses are being created at a faster rate than the national average
    • Growth of DIA as a major international airport, with land to develop around it
    • Growing tourism and convention market has fueled hospitality
    • Availability of key parcels, including infill sites in cities

Source: JLL Research

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