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REAL ESTATE DECISION SUPPORT
Commercial real estate investment falls in Denver
Publish date
08/16/2010
Source
Denver Business Journal
Main Category
Office Space
Article Summary
A survey of investment activity for the Denver metro area for the 2nd quarter of 2010 declined in the period relative to the 2nd quarter 2009. Performed by LoopNet Inc. of California, the survey found investment for both office and industrial properties fell from their year-ago measures of $677 million and $264 million to respective measures of $404 million and $188 million, but retail investment sales increased from $314 million to $631 million and apartments posted a $32 million increase to $454 million. Additionally, while both office and industrial properties notched respective decreases in their price per square foot measures of $66 to $128 and $4 to $68, the retail sector notched a $117 increase to $242 and apartments improved in their price per unit measure by $8,165 to $85,907.
