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Denver-area commercial real estate not as bleak as others. How long will it last?

Industrial demand strong, retail full of surprises and multi-family housing can’t stop itself

THORNTON, CO - FEBRUARY 19:  Patricia Sahuaqui, a warehouse associate, works the floor at Amazon's Fulfillment Center on March 19, 2019 in Thornton, Colorado. The facility which opened in July of 2018 is 855,000 square feet, and employees over 1500 people. The Thornton facility is a state-of-the-art facility that uses Amazon Robotics to move the merchandise around from one area to the next.  Hundreds of workers perform a variety of jobs in the huge facility. Many workers stand at stations, picking items to ship from trays brought to them by robots that roam the massive warehouse floor. The robotic facility, near I-25 and 144th Avenue, distributes small- and medium-sized items and  allows for quicker delivery of orders in the metro area.  (Photo by Helen H. Richardson/The Denver Post)
THORNTON, CO – FEBRUARY 19: Patricia Sahuaqui, a warehouse associate, works the floor at Amazon’s Fulfillment Center on March 19, 2019 in Thornton, Colorado. The facility which opened in July of 2018 is 855,000 square feet, and employees over 1500 people. The Thornton facility is a state-of-the-art facility that uses Amazon Robotics to move the merchandise around from one area to the next. Hundreds of workers perform a variety of jobs in the huge facility. Many workers stand at stations, picking items to ship from trays brought to them by robots that roam the massive warehouse floor. The robotic facility, near I-25 and 144th Avenue, distributes small- and medium-sized items and allows for quicker delivery of orders in the metro area. (Photo by Helen H. Richardson/The Denver Post)
DENVER, CO - NOVEMBER 8:  Aldo Svaldi - Staff portraits at the Denver Post studio.  (Photo by Eric Lutzens/The Denver Post)
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Getting your player ready...
The pandemic shook commercial real estate markets to the core, creating more demand in some areas, like industrial, and destroying it in others, like office space. But 30 months after the first lockdown orders came out, not all of the predictions are playing out as expected.
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