Strategies to keep your building afloat It’s no secret that Denver’s office market is in stormy waters. The vacancy rate hit an all-time high at 33.8% in second-quarter 2024. This has disproportionately affected Denver’s stock of 1980s builds compared to buildings constructed after 2015, which have a much lower vacancy rate – as low as 5% in the Cherry Creek submarket, according to a recent news article. Contributing factors....
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Elevate Real Estate Services (Elevate), a Denver-based independent firm offering comprehensive management solutions, has secured nine new property management assignments totaling over 330,000 square feet of space. The properties include seven office buildings, one retail center, and two industrial buildings. 7500 E. Arapahoe Rd. is a 38,867-square-foot office building with 31 units in Centennial. 7600 E. Arapahoe Rd. is a...
Read MorePennywise, pound-foolish. A stitch-in-time saves nine. You can pay me now or you can pay me later. Pick your poison. Idioms such as these may seem quaint, but they have a whole lot of meaning when it comes to the deferred maintenance of a commercial real estate property. As a building engineer and maintenance professional with decades of experience, I’ve practically seen it all when it comes to property owners who choose the quickest,...
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It’s hard to believe, but 2021 will be in our rearview mirror before we know it, and we will be faced with new and unique challenges once again in 2022. Fortunately, the Denver Metro Building Owners and Managers Association has continued to Rise to the Challenge by finding ways to share information about our industry and heighten people’s awareness about the measures being taken to protect and serve tenants and building owners. We did...
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Jack Heagen joins Elevate Real Estate Services Elevate Real Estate Services, an independent firm offering comprehensive management solutions with a personal touch and extensive experience in property and asset management, recently announced the addition of Jack Heagen to the firms’ property management team. Heagen will provide experience and support in overseeing multi-unit investors, single unit owners, mixed-use spaces,...
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Elevate Real Estate Services, an independent firm offering comprehensive management solutions with a personal touch and extensive experience in property and asset management, has received two new property management assignments: the Pecos Square Retail Center and a single-tenant office building located in Centennial. Pecos Square is a 10,729-square-foot retail center, located at 38th and Pecos in Denver. Current tenants include Wells...
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