The summer is coming to an end, schools are in session, and snow is just around the corner. So enjoy the great Colorado outdoors before it's time to rearrange your closet.

Industrial: "The vacancy rate of 4.6% is near record lows, and minimal supply pressure will keep vacancies historically tight in the near term."*

Office: "Thanks to a strong recovery in the job market since the coronavirus-induced downturn, Colorado Springs is in far better shape than most markets even though supply pressure pushed vacancies to 9.8% in 21Q3. The vacancy rate is projected to continue rising in the near term with the delivery of new product to the market."*

Retail: "Most of the development underway is either near Downtown, or in the rapidly growing northern part of the metro. These parts of the metro boast high (or rising) population density, relatively high incomes, and - especially in North Colorado Springs, proximity to Denver."*

*Source: CoStar 2021

Read the full Industrial Market Report generated by CoStar. Colorado Springs Industrial Market Report

The population in Colorado Springs is increasing faster than the US average. People are realizing all that Colorado has to offer and are flocking to the state.

Building a solid team means taking time outside of the office to have a little fun and connect on a personal level. We celebrated our awesome team by closing the office for a day and setting out for an adventure riding the rapids of Colorado through Big Horn Sheep Canyon. Creating and fostering a good team environment makes work life more enjoyable! Read more about the building blocks that make a great a team here!

Olive Real Estate Group is pleased to announce that Christopher Shirley has been appointed as the Business Development Director for Olive’s Property Services division. Christopher is the contact for new and growing relationships for our Property Management and other ancillary management services provided by Olive. As an experienced leasing and sales broker, along with his history of entrepreneurial activities, his leadership with the Management Services team in this capacity is an exciting addition to our full-service team. Chris’s understanding of the commercial world and enthusiasm to connect with others has made him the perfect fit to represent the company to the public. Chris is long time resident of the Pikes Peak region, active in community events and a respected professional in the Real Estate community. We are pleased to have Chris part of the Management Services team connecting with property owners throughout the Front Range developing new business and growing the Olive brand.

Every quarter CoStar recognizes the Top Deals done in each market. Olive Real Estate Group is extremely proud of each and every one of its brokers, but this quarter Alex Dumas, Charley Conrad, and Lloyd Riphenburg closed the largest lease deals (according to square footage leased) in the office and industrial market.

Construction has begun on the new 65,000 SF medical office building located at the NWC of Interquest and Voyager. Development along Voyager and Interquest has been booming. This is the hottest corridor in town with several new hotels, retail strip centers, an In & Out distribution center, medical offices, and a Centura Hospital campus all under construction or recently completed. Paul Rubley, Director of Healthcare Advisory with Olive Real Estate Group has leased 35,000 square feet of this Class “A” medical office building. Only 30,000 square feet remain available. Contact Paul Rubley for an appointment 

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