Low vacancy rates and relatively stable rents are helping keep Boulder’s commercial real estate market humming, while still making room for the development of new office and retail space that’s gradually coming online. The new commercial spaces take care of the increased demand from local companies looking for room to expand, and businesses considering a move to Boulder, said Becky Callan Gamble, president of Dean Callan & Co., Inc., a real estate company specializing in commercial brokerage, development, property management and investment acquisitions in Boulder County. The availability of an educated and skilled workforce makes it attractive for companies in the tech space to locate to Boulder, she said, adding she often fields inquiries from out-of-state businesses about leasing space. Factors involved Boulder’s diversified economy and new projects in other Boulder County communities also help maintain a balance in Boulder’s commercial real estate market, Callan Gamble said. There is a lot of interconnectedness in Boulder County and the greater metro area, she said.Limitations to building in Boulder also keep the market stable, she said. Regulatory requirements often slow down projects, preventing undue upheavals. Often entrepreneurs start small and as they grow, their demand for space increases proportionately. This leads to… Read full this story
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