Denver

Unstable commodity prices, weak oil demand growth, elections and energy policies as well as hesitancy from investors are a few of the major challenges that the oil and gas industry are facing currently.

Good fortune continues to smile on the Colorado economy, both for employers and the people that help make their businesses successful. In fact, Colorado is the second-fastest growing state in the U.S. with a net 75,700 new residents in 2019.

Jim Underhill arguing that people are not going back—at least, not to the office life we had, with hundreds or thousands of employees showing up at the same building every day, often to be squeezed into a densely packed, open-plan office. “Call it a de-consolidation of space, rather than having everyone come into one massive office in the cities, though they will remain the hub,” he told Quartz.

The industrial sector has arguably emerged as the most resilient asset class in commercial real estate during the pandemic.

The Denver office market entered the pandemic on solid footing. The market has benefitted from the in-migration and relocation of companies to the area, particularly from technology companies fleeing expensive office space in the coastal markets.

Industrial rents are more than 60% above the peak of the previous cycle, one of the best performances in the nation.

Several substantial move-outs in early 2020 have put upward pressure on vacancies, and the one-two punch of record-low oil prices and the novel coronavirus pandemic casts a cloud of uncertainty in the near term.

Coronavirus shutdowns have had less of a negative impact on the industrial sector than in the retail or office segments.