3 ms·
Well but is the demand for office space in Denver so high?
by elnatro 9mo ago
Well but is the demand for office space in Denver so high?
- lux-lux-lux 9mo agoIt would be higher if the rents dropped, but despite the massive oversupply that doesn’t seem to be happening. ‘Just build more’ YIMBY types should take note of this, though I’m afraid I don’t know what the solution is.
- zeroonetwothree 9mo agoOur evidence from a wide range of cities is that those that build more housing have lower rent growth. Actual decreases are unusual though.
- mixmastamyk 9mo agoInflationary policy continues to exist, also it is rare to have a true overabundance of housing. But places like Detroit show prices can go down in the right conditions. Commercial leases have their own quirks and long timelines that encourage waiting on a better price. Perhaps a tax on vacant commercial units.
- Izikiel43 9mo ago> Detroit show prices can go down in the right conditions. Those right conditions for rent going down are the wrong conditions for everything else.
- mixmastamyk 9mo agoYes, meant to quote the word "right."
- liquidise 9mo agoLived in Denver for the last 15 years and own a company. You couldnt pay me to have office space in Denver simply by virtue of i'd rather spend commuting time doing something more fun. This applies to just about everyone i know here as well. Many come to Denver for the outdoors and the activities, commutes cut into that time.