Uncertainty figures into forecast for Denver commercial real estate

Uncertainty figures into forecast for Denver commercial real estate

This year appears to be one of uncertainty for commercial real estate in metro Denver, according to a new report by CB Richard Ellis Inc.’s Denver office.

Volatile capital markets, tougher lending standards and 2008 being a presidential election year are among the trends that will effect real estate this year.

But even though sales of commercial properties won’t be as robust as those of recent years, sales volume “should pick up again, as investors get comfortable with more conservative underwriting and pricing,” the report said.

The metro area’s economic stability, relative to the rest of the country’s, also will be a plus for investors this year. An estimated 100,000 people will be added to the Colorado population in 2008, helping to cause a 1.9 percent boost in non-farm jobs.