The demand for commercial real estate in Steamboat Springs remains robust. Despite higher interest rates impacting transaction volume, the limited supply, particularly in industrial land and retail/multi-family development sites—continues to support elevated property values. CAP rates remain low to moderate, depending on asset class and location, with prices still hovering near all-time highs. Historically, Steamboat’s......
PUBLIC POLICY While Colorado Springs relies heavily on government sectors, its concentration in missile defense and space technology has largely remained untouched by DOGE. Moreover, numerous mid-sized private enterprises engaged in government contracts are confident about continued growth and expanding opportunities in the region and beyond. After a decade-long ban, Colorado Springs ballot measures passed......
City of Delta’s Downtown Development Association is actively working on improving downtown. The City was awarded over $13M to do improvements to Main Street. A retail/flex project is under construction on Stafford & Crawford in Delta. There will be two 12,240 sq.ft. bldgs divisible to 2,040 sq.ft. with ground roll up doors in back. City......
PUBLIC POLICY CHANGES Mesa County Valley School District 41 Board of Education voted to close three elementary schools, citing low enrollment and poor building conditions and safety concerns: Nisley, Scenic, and Clifton Elementary Schools. Mesa County Valley School District 51 Ballot Issue 4A: Shall District debt be increased to renovate Fruita Monument High School and......
PUBLIC POLICY CHANGES Summit county is updating the comprehensive plan which will provide direction on land use, development and environmental preservation for the next 20 years. Summit County is auditing STR websites and issuing fines to property owners that do not have valid licenses. They have passed an ordinance that requires permit numbers to be......
The Montrose market been flat or decline commercially. Residentially market is still fairly active on houses lease than $500K. I am excepting a rebound latter this year – interest rate having been coming down and wit the election over. Montrose is well position for the future. There has been a lot of interest in the......
There is a lot of new Construction going on in and around the ski area and downtown Steamboat from High end Townhomes, High end and affordable Condo developments, some commercial components with retail: Preliminary Plat approval on 23 acres located at the Steamboat Springs Airport for Industrial Pak consisting of 25 Lots. Commercial industrial and......
A newly approved annexation, known as the Karman Line, encompasses approximately 1,783 acres of vacant agricultural land in El Paso County. Situated just east of Schriever Space Force Base, the site is planned for the development of 6,500 homes and a variety of mixed-use spaces. HAPPENINGS The Annual Business Snapshot showcased the achievements of the......
Chaffee County has felt the slowdown in the market with Buyers willing to wait with interest rates being up, has held fairly steady in comparing sales volumes to this time a year ago within the County. Commercial Real Estate sales volume of $10,696,000, with 15 transactions (YTD) through the fourth quarter of 2024, is slightly......
PUBLIC POLICY CHANGES ● Mesa County Valley School District 41 Measure 4A: Shall District debt be increased $190M for the purposes of additions and renovation for Fruita Monument High School, Central High School, including adding secure entrances and high-priority repairs. 60.67% Yes, 39.33% No ● Mesa County Valley School District 41 Measure 4B: Shall District......