Good afternoon. Read these three articles on commercial real estate detailing the relations between demographics and apartments, the state of the Denver commercial real estate market, and a medical REIT’s plan for 2017.
The real estate crash of ’08 saw a dramatic rise in non-family households, a good deal for apartment owners. However, city demographics point to a handful of other ways occupancy rates may be explained.
Growth in the technology, healthcare and business sectors forecast a strong economy for Denver, but the commercial real estate market may take a while to catch-up. Construction on office space has slowed down considerably while the market absorbs excess supply.
Robert Milligan, CFO of Healthcare Trust of America, noted “tremendous tailwinds” in the healthcare sector due to an aging populace and interest in affordable outpatient centers. Healthcare Trust of America made approximately $700 million in acquisitions last year. Milligan predicts the company will continue to acquire assets in burgeoning markets.
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