Industrial properties in 2021 have proved to be a sound investment as Industrial real estate buyers in Denver reap the benefits of this stable asset category. Here’s Why:
People are drawn to Denver due to the exceptional quality of life, favorable costs of living, and the city’s central location. Therefore, the population in Denver is growing, spurring new job creation. This growth translates to more companies competing for property and more consumers seeking to receive products more quickly. In turn, driving demand for industrial space to manufacture, distribute, and house these products nearby.
While Denver’s office space market is still struggling to cope with post-COVID downturns, the industrial real estate market has witnessed a surge. Unlike office tenants, industrial tenants cannot work from home. Therefore, when the economy shifts as it did in 2020, industrial real estate buyers in Denver do not worry their tenants may flee the space.
The city’s central location, demographics, and diverse economy make it an attractive market for national investors, major distributors, and e-commerce companies. The Denver International Airport is a major hub for industrial and a prominent location for logistics. Additionally, developers have been constructing facilities near Boulder, where technology and aerospace companies demand specialized industrial warehouses. Further, growth in e-commerce demand has fueled the demand for industrial property in Denver.
Consult TAG Industrial for industrial property brokerage services in Denver. Their firm specializes in the acquisition and disposition of industrial properties across the United States. In addition, TAG Industrial’s experienced agents create innovative advisory solutions and support clients in fulfilling their long-term investment goals.