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  • Commercial Real Estate Update

    Jim Ditzel, Special to the Courier|Jul 1, 2020

    There are, according to CoStar (a primary information exchange of commercial real estate data in our market) approximately 12,644,300 square feet of total commercial real estate (office, industrial warehouse, and retail) in the Niwot, SW Longmont, and Gunbarrel markets. Broken down by category, the square footages look like this: *Office 2,900,000 sf *Industrial 5,484,000 sf *Retail 4,260,300 sf Of these square footages, current vacancy rates average 12 percent for office space and approximately...