Commercial property owners in Denver are seeing less of a change in valuations this cycle than residential property owners
The hospitality and retail sectors led the way on the commercial side, Assessor Keith Erffmeyer told a Denver City Council committee on Tuesday. Hotels and motels saw a median 33 percent increase, while retail properties saw a median 17 percent increase.“That’s kind of a bounceback to where they were,” he said.
That reflects the lingering impact of the pandemic on office building owners, who are seeing many tenants downsize, sublease or barely use the space they’re paying for as more employees work remotely.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Former 19th-century school, 20th-century college now a Hilton hotel in downtown DenverWhere a Hilton hotel now sits on Welton Street in downtown Denver was once the site of former Colorado schools – and close to 150 years of history.
Read more »
Plans for I-30 East of Downtown Dallas RevealedState highway department planners revealed plans for the Interstate 30 segment from Ferguson Road in East Dallas to Bass Pro Drive in Garland in a public and virtual meeting Thursday evening.
Read more »
Cuba Cuba Cafe & Bar | The 100 Best Denver Restaurants We Can't Live Without | WestwordKristy Socarras Bigelow, who opened Cuba Cuba in the heart of the Golden Triangle in 2001, is a poster child for the American Dream. A Cuban-American from Miami whose family didn’t allow her to go to college and who had...
Read more »
Lowering downtown SF real estate values could have 'profound impacts' on city budget, official saysThe situation in downtown San Francisco has become dire as tech companies move towards remote work. Supervisor Aaron Peskin says the money is already tight - this year the budget is projected to be slashed by a quarter of a billion dollars.
Read more »
Denver hotel operating as emergency shelter closes its doorsA Denver hotel that was converted to a temporary emergency shelter during the COVID-19 pandemic has officially closed its doors. via AmyWadas
Read more »