Luczak Group - The Blog

Information for happenings in the Real Estate Market in the Pikes Peak Region... and some things we just find interesting!



2017 Colorado Springs Real Estate Forecast Looking Great

By Michelle Free - All Seasons Real Estate

February 1, 2017 


In a recent article published by the Colorado Springs Business Journal, Cameron Moix predicts that the 2017 Colorado Springs real estate forecast is looking great. So if you’ve been thinking about buying Colorado Springs investment properties or Colorado Springs rental properties, this is your year.

“We all believe that 2017 is staged for continued expansion and growth in both new and existing companies and employees for our city,” according to Quantum Commercial Group’s annual report, which cites population growth and a strong jobs market as two of the top predictors for the year ahead.

According to the report, the local office market continued to strengthen in 2016 and is expected to maintain that trend throughout 2017; the industrial market “may shine even brighter in 2017,” with the construction of new space; and retail growth is expected to remain strong, driven by developments at Interquest Parkway, Powers Boulevard and along the I-25 corridor.

A portion of this growth — namely in the retail and multifamily segments of the marketplace — will continue to be driven by local, regional and out-of-state investment activity, Quantum predicts.

“Investors see Colorado Springs as a great market for real estate acquisitions with opportunities for acquiring properties significantly below replacement cost with the potential for increased value as properties are stabilized,” according to the report.

So all told, if you’ve been thinking about Colorado Springs investment properties or Colorado Springs real estate, 2017 will be a good year for your dream!

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