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Follow on Google News | Nate Orr and Other Experts Predict Colorado Construction Will Rise Sharply in 2013According to Nate Orr, the Denver metropolitan area commercial real estate market is showing improving fundamentals and builders are optimistic that the favorable economic environment will continue.
By: Nate Orr Denver Mayor Michael B. Hancock has laid out an ambitious agenda to create 105,000 new jobs and add 34 million square feet of commercial and housing space over the coming years. The net economic impact is $5.4 billion, according to Hancock’s “Smart Jobs Development” “Unemployment is down, companies are hiring, residential home sales are up over 18 percent and commercial vacancies are down,” says Orr, “the recession hurt our economy very bad, but the conditions are ripe for a recovery and experienced contractors I have spoken to believe 2013 will mark a turning point for the commercial construction industry.” Nate Orr is currently working for one of the top general contractors in Denver, specializing in healthcare and commercial construction, and he is a previous winner of the American Subcontractors Association of Colorado - Project Manager of the Year Award and a member of the Associated General Contractors of America (AGC) - Colorado Chapter and the Subcontractor Relations Committee. “The Denver metropolitan area commercial real estate market is showing improving fundamentals, capital availability, asset pricing and transactional activity -- builders are optimistic that the favorable economic environment will continue in 2013 and beyond,” says Nate Orr. To learn more about Nate Orr, visit: http://nateorr.com or visit Nate Orr on Facebook at: https://www.facebook.com/ End
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