Other good news: Increased defense spending and government contracts awarded to Lockheed Martin, which has a large operation in the southwest part of the Denver region, and Ball Aerospace, which has operations to the north, will help stabilize the region's highly skilled workforce, Cushman & Wakefield concludes.
In a separate report, Transwestern Commercial Services, using data from its affiliate Delta Associates, agrees that the metro Denver-area office market is beginning its cyclical recovery. Given that the market is showing signs of life, Transwestern offers these strategies:
• Tenants: Make moves over the next 12 months to capitalize on the current tenant market, before the pendulum begins to swing back toward the landlords in 2005.• Developers: Look for build-to-suit opportunities and renovation projects at good locations.• Institutional investors: Pursue well-leased Class-A building with near-term stable rent rolls in strong submarkets.• Corporate real estate owners: Strategically shop for and plan for new facilities. Also, consider sale/lease-back deals.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.