Colorful Colorado earned its name for several reasons – 300+ days of sun each year, stunning natural beauty, and unique year-long tourism – just to name a few.
Between increasing populations sparking high rental demands, a growing economy, and an abundance of unique tourist and recreational opportunities, investing in Colorado residential and commercial real estate has never been smarter for savvy investors looking for significant growth in their investment portfolio.
For investors debating on property in Colorado or those who want more information on market trends, check out these 5 reasons to invest in residential and commercial real estate in the Centennial State.
1 Active, Growing Communities
When you think of Colorado, it’s often related to snowy mountains and winter sports, and Denver likely comes to mind first. But it’s said that people visit Colorado for the winter, but live there because of the other seasons. Offering a wide and wonderful array of activities all year long that appeals to every lifestyle and several growing large communities to accommodate the diverse interests, Colorado is
Beyond Denver, which is booming in its own right, other cities that are surging in both population and popularity – and are perfect for real estate investment – are Aurora, Fort Collins, and Colorado Springs. These cities offer a wide range of activities such as sporting and athletic communities; art, history, and science museums; a diverse array of restaurants, bars, and nightlife; and countless outdoor recreational activities.
Many mid-sized cities are among the fastest growing areas in Colorado as well including Castle Rock, Lakewood, Broomfield, and Thornton. This is especially attractive to opportunistic investors because both residents and visitors are looking for a blend between rich historic districts, destination-driven towns, and the upcoming conveniences and amenities of larger cities.
As populations continue to rise in Denver and across the state, getting in now on Colorado real estate developments, institutional projects, and commercial investments is key. These burgeoning communities need stable housing options, fruitful employment opportunities, and accessible leisurely activities and filling these needs create a sustainable economy with significant returns for investors.
Luckily, Colorado fits the bill for visitors, residents, and real estate investors alike.
2 Year-long Tourism
There’s something for everyone to enjoy in Colorado. Offering both a place of respite and rugged challenge for nature lovers along with rich culture and history for city-dwellers, year-long tourism is a huge driving factor for Colorado investors and visitors alike.
There are a plethora of stunning mountainscapes perfect for climbing, hiking, camping, cycling, golf, and dozens of winter sports. When it comes to America’s top ski destinations, Colorado is always near the top of the list. Benefitting from light, fluffy powder and a fervent fan base, there are ski-towns across the state and investment opportunities at or near 30+ operating ski resorts.
When warm weather returns, the melting winter snow reveals various seasonal activities such as whitewater rafting, kayaking, fishing, and boating. Colorful Colorado’s diverse and dramatic landscape stretches from large plains to mile-high mountaintops–rushing rivers to glassy lakes.
Beyond natural tourism, the Centennial State offers countless museums, adventure & amusement parks, shopping districts, professional and college sports teams, and public art installations–from architecture to murals.
Though seasonality can factor into your financial returns, investors in hospitality, travel, commercial, and recreational activities should pay attention to the booming tourism industry in Denver and across Colorado, especially if they are looking for strong, lucrative, recurring returns on their real estate investments.
3 Plenty of Space
Colorado has cities and towns of all sizes, many that lucratively lend themselves to raw land development, income-producing residential real estate properties, and commercial real estate investments.
Being the 8th largest state in the country with over 103,000 square miles of land, there are countless communities to explore including rural towns in remote areas, commercial growth in mid-sized cities, and limitless potential in large metro areas like Denver with its over 700k residents and diverse, dynamic urban culture.
Though Colorado prides itself in its wide, open spaces, there is still plenty of room for growth. Making your real estate goals a reality requires a deep knowledge of the current trends and changing opportunities across the state. Smartly investing in the future of Colorado real estate is easy with a nimble, knowledgeable partner who is deeply invested in current market trends.
4 High Income-Producing Property Demand
Naturally, growing communities need residential and commercial real estate properties to sustain the influx of residents and visitors. Multi-family communities, condos and apartments, hospitality, office buildings, shopping centers, retail areas, and more. The real estate market is thriving right now and it’s a favorable environment for investors as businesses, brands, renters, and future homeowners continue to flock to Colorado.
The new remote-work revolution and the post-Covid work-from-anywhere culture is one of the top reasons Colorado is experiencing its most competitive real estate market in history. Denver is one of the most popular destinations for top executives looking to relocate their teams, tech workers leaving the pricey Bay Area, and for metropolitan East Coasters looking for more expansive outdoor space.
The following investment opportunities are booming for residential and commercial income-producing properties:
- Apartments / Rentals
- Condominiums
- Multi-use properties
- Single-family homes
- Housing developments
- Retail and shopping spaces
- Offices
- Industrial warehouses
- Recreational spaces
- Vacation rentals (AirBNBs)
- Public art installations and architectural
The good news for real estate investors is that the demand for income-producing real estate properties is only growing, and trending alongside the booming populations. Real estate investors need to move aggressively when they find a property that makes the numbers work—with a strong, secure partnership behind their project.
5 Colorado is a landlord-friendly state
In several states, tenants benefit from rent laws; however, Colorado is a landlord-friendly state. With previously mentioned growing populations and employment opportunities, there is enough reason to suggest a strong economy for investors who want to see returns on their investment without the hassle.
If the economic shifts, population growth, and high returns aren’t enough to guarantee rental success, a huge benefit of owning an income-producing property in Colorado is the eviction procedure.
Simply put, if a tenant fails to pay rent, the landlord then has the option to serve a compliance demand notice. In this instance, the tenant is to either pay or leave the premises in 72 hours. When that time limit expires and no action has been taken, they have 48 hours to depart from the property. Though the interest rate fluctuations and economic changes suggest high returns on rental properties, there are laws that protect investors from late payments.
Smart Partnerships From Sourcing to Stabilization
Working with a well-connected, highly regarded real estate partner will help ensure your investment who is deeply invested in the local market, believes in mutual success, and has a measurable track record of success is crucial for lucrative institutional-quality real estate development projects.
With over 30 years of combined development expertise, WYRE is a nimble, boutique local partner who specializes in developing, managing, investing, and consulting in the Colorado real estate market.
Focused on bringing development experience, professionalism and depth of knowledge to partner with land owners, sponsors and capital groups, we are local experts who specialize in investment consulting at every stage of the development process from inception to execution.
With extensive success in executing institutional-quality real estate development projects, WYRE brings experience, professionalism, bold ideas, and knowledge into each partnership.
Contact WYRE today at info@wynneyasmer.com to maximize your next real estate investment opportunities.
