Commercial real estate loan calculator
The average asking rent for retail space in Denver was $20.60 per square foot in Q2 2021.įinancing options for retail properties in Colorado include traditional bank loans, SBA loans, and bridge loans. According to CBRE, the vacancy rate for retail space in Denver was 7.9% in Q2 2021, which is higher than the national average of 6.6%. However, there is still demand for retail space in urban areas like Denver and Boulder. The retail market in Colorado has been impacted by the COVID-19 pandemic, with many retailers closing their doors permanently. Investors should consider the location of the property, the tenant mix, and the borrower's creditworthiness when choosing a lender. The average asking rent for industrial space in Denver was $8.64 per square foot in Q2 2021.įinancing options for industrial properties in Colorado include traditional bank loans, SBA loans, and bridge loans. According to CBRE, the vacancy rate for industrial space in Denver was 4.7% in Q2 2021, which is below the national average of 5.6%. The industrial market in Colorado has been strong in recent years, with high demand for warehouse and distribution space. The average asking rent for office space in Denver was $29.50 per square foot in Q2 2021.įinancing options for office properties in Colorado include traditional bank loans, SBA loans, and bridge loans. According to CBRE, the vacancy rate for office space in Denver was 14.6% in Q2 2021, which is higher than the national average of 11.5%. However, there is still demand for office space in urban areas like Denver and Boulder. The office market in Colorado has been impacted by the COVID-19 pandemic, with many companies adopting remote work policies. Investors should consider the size of the property, the location, and the borrower's creditworthiness when choosing a lender. The vacancy rate in Denver was 5.6% in Q2 2021, which is slightly higher than the national average of 4.5%.įinancing options for multifamily properties in Colorado include Fannie Mae and Freddie Mac loans, FHA loans, and bridge loans. According to CBRE, the average rent for an apartment in Denver was $1,600 per month in Q2 2021, up 4.9% from the previous year. The multifamily market in Colorado has been strong in recent years, with high demand for rental properties in urban areas like Denver and Boulder. This is below the national average of 5.2% and indicates a strong job market in the state. The state's unemployment rate peaked at 12.2% in April 2020 but has since dropped to 3.5% as of August 2021. The state is also home to a thriving tech industry, with companies like Google, Amazon, and Microsoft all having a presence in the state.ĭespite the COVID-19 pandemic, Colorado's economy has remained relatively strong. The largest industries in Colorado include healthcare, professional and business services, and government. The state's GDP was $385 billion in 2020, according to the U.S. Economy in ReviewĬolorado's economy is diverse and has been growing steadily over the past few years. Each type of loan has its own advantages and disadvantages, and investors should carefully consider their options before choosing a lender. These include traditional bank loans, SBA loans, bridge loans, and hard money loans.
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This has led to a strong demand for commercial real estate, particularly in the multifamily, office, industrial, retail, self-storage, and hospitality sectors.įor investors looking to finance commercial properties in Colorado, there are a variety of loan options available.
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The state's economy has been growing steadily over the past few years, with a low unemployment rate of 3.5% as of August 2021, according to the Bureau of Labor Statistics. Colorado is a state with a diverse economy and a thriving real estate market.