According to Denver commercial real estate advisor David Nebiker of ProTenant, the sale of these building shows that there is a lot of optimism for commercial real estate in Denver right now. For tenants looking to lease new Denver office space or to renew existing leases, this news means that now is the time to make your move.
With new commercial landlords in Denver, rents and asking prices are likely to increase. Locking in good lease rates now is a financially prudent and business-savvy move. New ownership often means an increase in rental rates, so smart businesses will want to sign now to save money well down the road.
For tenants wanting to make sure they are getting the best deal possible in this changing market, using a Denver tenant representative is the smart move. A tenant representative will help negotiate the best possible terms and knows the ins-and-outs of the Denver commercial real estate market. To learn more about tenant representation and how these new developments will affect your Denver office space, contact ProTenant today.