Colorado’s non-residential building is slowing down, according to the latest report by the F.W. Dodge Division of the McGraw-Hill Cos. in New York City.

The Dodge report says construction totals $1.5 billion for the first six months of this year in comparison to $2.1 billion for the same time period last year. This is an early indicator of a construction slowdown in Colorado and other mountain states, Robert A. Murray, Dodge’s vice president of economic affairs, told

“The mountain states, in general, showed strength early on, and it could be they are among the first to start to slip,” says the Lexington-MA-based executive. “Essentially, they are settling back after some very robust growth. … but it is my sense that given the general health of the economy and the mountain states, I do not think it is a severe drop.”

Murray believes stricter rules from municipalities on commercial developers also could be playing a role in the slowdown. ”That is a growing movement across the country, actually,” he says.

In metropolitan Denver, this year’s construction activity has kept pace with the state, down 30% to $832.1 million in commercial projects in comparison to $1.2 billion expended last year. The Fort Collins/Loveland area, north of Boulder, is one of the hardest hit areas in the state, showing a 76% decline to $28.2 million from $121.63 million.

The non-residential building category includes commercial, manufacturing, educational, religious, administrative, recreational facilities and hotels.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.