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Denver Ranks Sixth Nationwide in Prospects for Future Development


Andy Cross/The Denver Post

A new report released this week from real estate services firm, CBRE, ranking the development prospects in America’s 50 most popular metro areas placed Denver sixth overall, trailing only Atlanta, Dallas, Phoenix, Orlando, and Seattle.


“Years of strong population and employment growth have triggered steady demand for additional capacity within nearly all facets of local real estate,” said Pete Schippits, CBRE’s president for the Mountain-Northwest division in a news release.


CBRE’s rankings were based on construction costs, the strength of the market fundamentals underpinning the existing real estate supply, performance during the last economic cycle and property forecasts.


Read the full article on The Denver Post




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