Investment in commercial real estate in metro area doubles over 2009

By Margaret Jackson
The Denver Post
POSTED: 12/26/2010 01:00:00 AM MST

After a few years of dismal commercial real estate sales, investors are snapping up property in Denver. (John Prieto, The Denver Post)

Investment in commercial real estate in metro Denver more than doubled this year over 2009, a sign that the market may be on the mend.

So far this year, investors have spent $1.01 billion on 54 office, retail and industrial properties, according to an analysis by Cushman & Wakefield. In 2009, they spent $448 million in 30 transactions. The data include only deals valued at more than $4.5 million.

“The spotlight is shining pretty brightly on Denver right now,” said Peter Keepper, principal of Essex Financial Group. “Denver has consistently been in the top 10 markets for preferred investment.”

Read more:Investment in commercial real estate in metro area doubles over 2009 – The Denver Posthttp://www.denverpost.com/business/ci_16938797#ixzz19KVfG6rQ

Find the best real estate investment values at WealthInRealEstate.com

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About dherries
Dave and Sally Herries and The RealtyColorado Team - Real Estate Broker serving the metro-Denver area. Offering properties in urban, sub-urban and rural areas. Our mission statement is "Enriching lives through real estate."

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