Rebound yet to take root in Springs office market
The forecasted rebound in Colorado Springs’ office market has yet to materialize and has diluted some of the “bold enthusiasm” experienced in the first quarter, according to Cushman & Wakefield|Colorado Springs Commercial’s report on the city’s office sector.
“The velocity of investor and tenant interest in Colorado Springs to start the year initially led us to believe that 2012 was going to be the tipping-point year to quickly rebound this market back to 2005- 2008 numbers. For no specific reasons, much of the potential and projected activity stalled by the time we were through with the first quarter. Many of these transactions are very much ‘real,’ but they simply have not yet materialized,” the report stated.
Read more in the Aug. 15 issue.
Jennifer Hayes has been an Editor with the CREJ for more than 12 years. Jennifer covers all commercial real estate news for all property types in the Colorado Springs/Southern Front Range and the Western Slope/Mountain Town areas. Jennifer also is Editor of the Construction/Design/Engineering section, the Economic Development section and the Shopping Center section.
Before joining the Colorado Real Estate Journal, Jennifer served as the Assistant Sports Information Director at Texas A&M-Commerce. She earned her bachelor's degree in broadcast journalism from the University of Colorado and a master's degree in education from A&M-Commerce.
When not bringing you the latest in commercial real estate news and views for the Denver area, Jennifer enjoys spending time with her husband and son, sports, dining out, reading, and perfecting her cookie and cupcake icing technique.