Special Report Cites Metro Denver as a Real Estate Market to Watch
PricewaterhouseCoopers LLP, a leading financial services firm, in conjunction with the Urban Land Institute, recently issued is 32nd commercial real estate study titled “Emerging Trends in Real Estate 2011” report. The report ranks Denver 11th among U.S. cities on a list of real estate markets to watch for commercial and multi-family investment.
In the survey, as reported by the Denver Business Journal in an October 14th article, metro Denver earned points for its redevelopment of downtown’s Union Station as a multimodal transportation hub, having “one of the nation’s most modern airports in DIA, and relatively low business taxes. The market was also singled out for its broad-based economy anchored by oil and gas, alternative energy and defense companies, and its relatively strong office and apartment markets.
The “Emerging Trends” study is based on surveys of more than 1,000 commercial real estate experts, including investors, developers, lenders and brokers.