(source: CoStar) – by Joe Bennell, Broker Associate at The Colorado Group, Inc.

3.7 million square feet traded in Boulder County during calendar year 2023, with 207 completed sales reported for a combined volume of $710,000,000.00

Lafayette takes home the win for the largest and smallest deals by volume, completed in 2023.  

• Largest deal: 2870 Arapahoe Rd. A 287-unit, multi-family project closed $108M.
• Smallest deal: 1725 Majestic Dr. A 1200 SF industrial condo closed at $215K.

2024 New year starting inventory at a glance (all commercial assets):  Today there are 232 properties currently available for sale.  Within this inventory: 89 properties have been listed for more than 1 year, 44 properties have been on the market for more than 2 years, and the balance has been on the market greater than 3 years!  From my perspective, aged listings present opportunities that have been overlooked.  Contact Joe for a breakdown of available inventory by asset class, and let’s find a deal.