NoCo Newsletter | November 27, 2023
Discover our newest listings, recent happenings in the NoCo CRE community & other industry news. This edition brings news of slowing inflation, Colorado housing costs, consumer holiday spending, and more.
REAL ESTATE & BUSINESS NEWS
- Pandemic Derailed Colorado’s Population Growth. Can the State Get Back on Track?
- “Higher housing costs make Colorado less attractive to young adults looking to relocate to start their careers as well as the companies looking to hire them.” (The Denver Post)
- Campaign to Repeal Fort Collins’ Land Use Code is in Full Swing: What to Know About the Claims
- “…a Pew Charitable Trusts study showed that four cities saw rents moderate after changing their zoning laws to allow more market-rate housing: Minneapolis; Portland, Oregon; New Rochelle, New York; and Tysons, Virginia, even as population increased. That study showed rent increases from 2017 to 2023 between 1% and 7% as the U.S. saw overall increases of 31%.” (Coloradoan)
- Loveland City Council Rescinds Centerra South Approval and Financing
- “With three new allies and a shift in power on Loveland City Council, Mayor Jacki Marsh Tuesday successfully led an effort to rescind the resolution approving Centerra South and the master financing agreement, setting the city up for a potential legal clash with Centerra developer McWhinney, Inc.” (Coloradoan)
- How Two of America’s Wealthiest Vacation Spots Are Fighting to Free Up Homes for Locals
- “The goal may be realized a bit faster in Vail, where more than 14% of the city’s dwelling units are covered by deed restrictions, with many more to come. In a community such as Vail, Ruther says, ‘increases in property values will continue to outpace wages. So there will always be a need for deed-restricted housing.'” (WSJ)
- Negotiators Dig in to Protect Upper Basin Users of Colorado River
- “Colorado’s commissioner on the Upper Colorado River Commission has dug in. She will insist upon equity — the guiding principle of the 1922 Colorado River Compact — in negotiations with the lower basin states of California, Arizona and Nevada.” (BizWest)
ECONOMIC & EMPLOYMENT NEWS
- Federal Grant to Assist Innosphere, Partners in Creation of Biotechnology Incubator
- “Innosphere Ventures was among a regional group of biotechnology trade organizations and universities to receive $2 million in federal funding to help launch a life-sciences incubator program.” (BizWest)
- The Global Fight Against Inflation Has Turned a Corner
- “Inflation is falling faster than expected across advanced economies, marking a turning point in central banks’ two-year battle against surging prices.” (WSJ)
- U.S. Retail Sales Fall for First Time Since March as Holiday Season Approaches
- “U.S. retail sales fell 0.1% in October from a month earlier, the Commerce Department said Wednesday. That is the first decline since March and comes after a 0.9% increase in September and robust gains earlier in the summer. The retail figures, combined with slower hiring and easing inflation, indicate that the economy is cooling after surprisingly strong growth much of this year.” (WSJ)
- These Stocks Are Trailing the Market by the Widest Margin in 25 Years
- “The Federal Reserve’s interest-rate campaign has hurt small-caps more than their larger peers because small companies tend to issue more floating-rate debt….About 40% of the companies in the S&P 600 have outstanding floating-rate debt with shorter maturities, compared with roughly 10% of companies in the S&P 500, according to the J.P. Morgan Equity Macro Research team.” (WSJ)
COMMUNITY & OTHER INDUSTRY NEWS
- Client Testimonials
- Here Are 15 Road Projects at the Top of Fort Collins’ List for the Next 10 Years.
- North I-25 Express Lanes Project Nears Completion
- Fort Collins Area Chamber of Commerce: Northern Colorado Economic Overview
- Northern Colorado Boasts Nine of Top 20 Fastest-Growing Communities in State
- 2 Colorado Cities in Top 4 ‘Best Places to Live Rankings
- Denver International Airport Ranked No. 3 Busiest in the World
- Support Your Local Bold Voice of Business by Contributing to the 13th Annual Moving Fort Collins Forward! Campaign
FEATURED LISTING
NAI Affinity is pleased to present this outstanding end-cap retail space for lease with high visibility along Crossroads Boulevard. Just south of the 7,200 seat Budweiser Event Center, 263 key Embassy Suites Hotel and Conference Center, and in close proximity to many large residential neighborhoods, employment, other retail, and entertainment. The unit is currently built out as a liquor store with an open floor plan, kitchenette area, private restroom, and building signage available to tenant. Located next to QDOBA Mexican Eats. Click here to learn more about this opportunity.
See previous newsletters here.
👍🏽 Like this content? See more of it.
➡️ Get it in your inbox. Sign up for our newsletter list.
➡️ Follow us on social: LinkedIn | Facebook | Twitter | Instagram