The strong job market throughout Denver has definitely helped the city’s growing economy in the past year. There has been a lot of growth in the Denver area leading to a demanding office and industrial market. Each quarter has continued to see steady growth with the 4th quarter seeing the best numbers all year, and even in most recent times.
New jobs mean a great need for new space and means that new offices are needed across the city. The metro Denver area has seen a strong increase in commercial real estate loans and many in the industry hope that the momentum doesn’t slowdown in the new year. This has been one of the longest positive runs in recent years in Denver. The need for more space has led to less vacancy, which is almost impossible.
All of this growth is a good sign for the real estate market and is causing more goods to be bought leading to an all-around booming economy in Colorado. Not only are jobs in high demand, but so is space. Space for things like offices, restaurants, retail shops and especially industrial space.
Retail space along with industrial space are some of the highest real estate spots in demand and if it continues to grow with no slowing down in sight, then 2018 will be a great year for the real estate market. Commercial real estate loans are at a high demand along with living spaces. In fact, living spaces has almost increased by nearly double digits in the past year.
With the increase in not just loans, but also space in Denver, means there is also a greater need for lenders to deal with all of the commercial real estate loans. Since the market in the Denver area is only expected to continue to thrive, it is an ideal spot for those looking for a steady job in the real estate market. Many are hoping that Denver can be used as an example of what a strong real estate market can bring to the city and even the state.
Level 4 Funding LLC Private Hard Money Lender
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Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
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About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.