The numbers bode well for the office market, as well as other sectors, such as industrial and retail. Job growth is now at its highest level since 2001. The economy had lost 74,000 jobs, many of them high paying, during the telecom crash. The economy is now making a steady, if not spectacular, recovery.
As Gregory W. Morris, president of the 50-year-old, locally based commercial real estate company Fuller Real Estate, notes: "Denver is perceived by the rest of the country as a city with a bright future. This perception is a reality."
Meanwhile, the state's local unemployment rate dropped to 4.9% from 5.3% in May and from 5.5% in June 2004, according to the latest statistics.
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