CA - West Los Angeles
CO - Denver
DEMOGRAPHICS CBSA
Los AngelesLong BeachSanta Ana, CA
DEMOGRAPHICS
Square Miles
Population
Households
Household Income Median
Employees (Total)
Unemployment
4,850
12,935,173
4,288,080
$60,485
5,313,010
9.20%
CBSA
DenverAurora, CO
MARKET HIGHLIGHTS
Square Miles
Population
Households
Household Income Median
Employees (Total)
Unemployment
8,369
2,578,383
1,001,550
67,727
1,140,976
7.30%
MARKET HIGHLIGHTS
• Technology, internet and media continue to take additional
• One Touch Print relocated its Denver HQ comprised of 82,467
• Vacancy rates and rents remain steady. • Apartment development is on the rise. • Apartments are in high demand. • Capitalization rates and price per SF are back to 2007 levels. • Investment inventory is very low.
• Denver has had 14 consecutive quarters of positive
space.
SF to the former Office Depot facility in North Denver.
absorption. Year to date, Office is 860,157 SF; Industrial is 1.6 million SF; and Retail expanded by 665,786 SF.
• The investment market is returning rapidly with 5.1 million SF trading for $926 million.
• The Union Station redevelopment will open its first new
Office building this fall known as One Union Station. Five additional projects are in the pipeline.
• Positive absorption in all markets and rising rents (exceeding 2008 levels) are making Denver very attractive for investors.
• Colorado’s unemployment rate fell in the last quarter to 6.9%.
OFFICE
retail
industrial
multy-family
OFFICE
retail
industrial
multy-family
Vacancy
n
q
p
q
Vacancy
q
q
q
q
Absorption
n
p
q
p
Absorption
p
p
p
p
Rental Rates
n
n
p
p
Rental Rates
p
p
p
p
CONTACT
CONTACT
Coldwell Banker Commercial WESTMAC
1515 S. Sepulveda Blvd. Los Angeles, CA 90025 (310) 478-7700
www.westmac.com
Coldwell Banker Commercial Alliance
14
999 18th Street, Suite 1350 Denver, CO 80202 (303) 238-7777
www.cbcalliance.com