MARKET TRENDS The first nine months of 2025 have continued the 2024 solid market momentum for residential properties in the Aspen Snowmass market. Although commercial leasing activity in Aspen has remained strong with recent retail rents in downtown Aspen hovering around $275 – $325 per SF with office rents in the $66 – $100 per......
PUBLIC POLICY Colorado Springs City Council voted 6-3 to override the mayor’s veto of an ordinance allocating voter-approved marijuana sales tax revenue to public safety and mental health programs, highlighting tensions over authority. On September 2, President Trump confirmed the relocation of U.S. Space Command headquarters to Huntsville, Alabama, reversing previous decisions. It seems like......
PUBLIC POLICY CHANGES The newly formed Colorado Short-Term Rental Alliance (COSTRA) aims to unify and advocate for the state’s STR community, addressing legislative and regulatory issues amid declining international tourism and potential tax increases. With new proposals potentially burdening Colorado vacation homeowners, local vacation homeowners must be aware of the tax and financial environment and......
Chaffee County remains a strong market but is showing some signs of change with a slight shift towards a buyers market. Commercial Real Estate sales volume totaled $7,558,986 with 11 transactions year-to-date (YTD) through the second quarter of 2025, representing a 3.29% decrease in sales volume compared to 2024, which had $7,816,000 in sales across......
Most of the market has been flat or declined, except residential property with pricing less then $500K. If there is a house put on the market for less than $500K, then this market is very hot. There was increased activity when the interest was slightly decreasing, but not a lot. We are anticipating a slower......
City of Delta was awarded over $13 Million for Main Street Beautification program, geared to calming traffic down. Lots of controversy, upset commercial owners with parking being removed. City of Delta is also buying a building with grant funds to run a “resting place” for the homeless. Also creating a lot of controversy and complaints.......
PUBLIC POLICY CHANGES Grand Junction City Council passes moratorium to last one year to provide time to pass regulations that will comply with the Colorado HOME ACT. Grand Junction City Council voted to revert 4th St and 5th St to two lane, one way roads after comparing bids for the project. DEVELOPMENTS Confluence Center –......
PUBLIC POLICY Voters overwhelmingly rejected the Karman Line Annexation in a mail-in special election held June 17, 2025, with 82% voting no and turnout at 24.5%. This would have annexed a small portion of land east of the Colorado Springs Airport. On May 16, 2025, Governor Polis signed an order tying state housing funds to......
PUBLIC POLICY CHANGES City of Grand Junction 2A: a vote on if the municipal vote should be moved to November on odd numbered years, beginning with 2027: 66.67% yes/33.33% no City of Grand Junction 2B: a vote to raise the salary of city council and to provide a basis for the raise of salary for......
Commercial activity in Alamosa and the surrounding San Luis Valley is largely stagnant, with a few things happening including two hotel builds (one in downtown Alamosa and one in Monte Vista near the fairgrounds), and an ENT credit union breaking ground near the Wal-Mart. Residential construction and development continues as the city attempts to catch......