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Residential Real Estate

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Despite seemingly optimistic projections of the Colorado Springs commercial real estate market, a recent first-quarter report indicates net absorption is down in all of the city’s office submarkets. But the year’s first MarketView report for Class A/B office space — done quarterly by Cushman & Wakefield’s Colorado Springs Commercial group — found the negative absorption […]
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Approximately seven years after the bubble burst heard ’round the world, residential real estate in Colorado is making a comeback in a big way. Demand is up and supply is down statewide, leading to increased residential property values and a market, depending on which side of the Palmer Divide you’re on (see sidebar), that’s one […]
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People have discovered the drive from northern El Paso County to Denver isn’t so bad. A driver can reach The Denver Tech Center from Monument in about 40 minutes, said Terri Hayes, president and CEO of the Tri-Lakes Chamber of Commerce. “A lot of the families that we have in our community have one spouse […]
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By Faith Miller – Colorado Springs Independent Editor’s note: This is the second part in a three-part collaboration with the Business Journal’s sister publication, the Colorado Springs Independent, exploring in depth the region’s affordable housing challenges. It’s impossible to know how many people have been affected by the affordable housing shortage in Colorado Springs — […]
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As a young, single and freshly transplanted Coloradan, I’m no stranger to the woes of apartment hunting — as well as the dread of paying subsequent rent and utility bills. The Apartment Association of Southern Colorado released earlier this month its third-quarter “Colorado Springs Metro Area Apartment Vacancy and Rent Study,” which noted that our […]
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A quick internet search at the downtown public library easily yields a long list of potentially empty homes for a squatter to invade. Houses for sale as well as rental and vacation properties can be easy targets, according to Alex Yoder, director of residential management at Dorman Real Estate Services. “Anyone can just go online, […]
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Judging by recent conversations with some of the commercial real estate community’s finest, the Pikes Peak region is suffering a few setbacks, but most brokers are busy. Foreclosures are up (29 recorded in the Daily Transcript this week), but savvy investors are poised for bargains – and new employers are still making announcements. Here’s hoping […]
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No flowery prose today – there’s too much real estate news to pass on. From the opening of the 2002 Parade of Homes to the Urban Land Institute’s mid-year projections and a plethora of new transactions to report, the dog days of August will be anything but dull. HBA’s Parade of Homes Runs August 9-25 […]
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A tight residential real estate market and growing demand for housing have led to creative redevelopment and infill projects throughout Colorado Springs — but perhaps most noticeably on the Westside, where houses and multifamily buildings are going up on long-unused lots. GJ Gardner Homes is building an $800,000 modern duplex on a vacant lot at […]
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Colorado Springs City Council voted down a resolution Tuesday that would have waived fees for downtown residential development in an attempt to support urban infill projects. Councilors voted 5-4 to kill the proposed amendment to a 1973 ordinance pertaining to fees for the creation of new parks and schools throughout the city. The amendment — […]
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Earlier this week the Realtors Commercial and Industrial Society (RCIS) met at the former RockShox offices at 1610 Garden of the Gods Rd. for its November monthly meeting. The commercial and development community turned out in force for remarks by Bill Healy, the city’s new planning director. Based on early conversations with Healy, he’s ready […]
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A steadily growing population throughout the region has made the leasing part of apartment property managers’ jobs fairly easy the past several years. However, since the beginning of January, the demand for apartments appears to have slowed slightly, likely due to seasonality and new units coming online, said Carmen Azzopardi, senior vice president of multifamily […]
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