Page 46 —
COLORADO REAL ESTATE JOURNAL
— August 17-September 6, 2016
PROPERTY AVAILABLE
For Sale
For Lease
Wanted
office • industrial • retail • multifamily • land • medical office • hospitality • restaurants • senior housing & care
The OED provided $585,000 in
financing from Denver’s General
Fund to help support the devel-
opment; the loans guarantee an
affordability period of at least 40
years on all of the units.
Updates…
n
The Denver OED also recently
awarded grants to two nonprofit
organizations to support efforts
to improve fresh food access and
consumption in Globeville and
Elyria-Swansea. Focus Points
Family Resource Center and The
GrowHaus were awarded $76,720
and $66,213, respectively, under the
OED’s “Healthy Food Challenge,”
which encourages innovative
approaches to addressing healthy
food issues in these north Denver
neighborhoods.
The Focus Points Fam-
ily Resource Center will use grant
funding to develop a new micro-
food business support center for
Globeville, Elyria-Swansea food
businesses and entrepreneurs. The
center will provide community-
driven programs to assist persons
withstartinguporexpandingfood-
based microbusinesses in the sur-
rounding areas. Trainingwill target
specific community food business
needs, such as credit building,
banking services, insurance, taxes,
product testing and other topics.
Funding to The GrowHaus sup-
ports the launch of a door-to-door
promotora (community health
worker) program to educate resi-
dents on healthy eating habits,
cooking methods and nutrition.
Designed to boost consumption of
fresh foods, the grant is targeted to
provide outreach classes and edu-
cation to at least 300 residents.
“Access to fresh and nutri-
tious foods is a key component
to building vibrant communities,”
said OED Executive Director Paul
Washington. “We’reexcitedto fund
these innovative new programs in
Globeville and Elyria-Swansea as
part of our ongoingefforts todevel-
opadditional food retail options for
local residents.”
s
estate activity, employment data,
and consumer and retail activity
in Jefferson County. The report
was prepared by Development
Research Partners in conjunction
with Jeffco EDC.
The report noted that Jeffer-
son County’s economic situation
was improved through the sec-
ond quarter of 2016, with contin-
ued employment gains, and low
unemployment and robust resi-
dential real estate trends. Employ-
ment in the county increased 3
percent between the fourth quar-
ters of 2014 and 2015, generat-
ing an additional 6,710 jobs. The
Jefferson County unemployment
rate fell to 3 percent in the first
quarter of 2016, a decline of 1.3
percentage points from the prior
year. Although consumer con-
fidence fell 12.9 percent in the
mountain region over the year
during the first quarter of 2015,
retail sales in Jefferson County
increased a slight 0.3 percent.
The county reported an apart-
ment vacancy rate of 4.7 per-
cent, which was the lowest of the
metro Denver counties. The aver-
age rental rate for an apartment
in Jefferson County rose 12.2 per-
cent over the year to $1,304 per
month in the first quarter.
The commercial real estatemar-
ket in Jefferson County recorded
generally tightening vacancy and
rising average lease rates during
the first quarter of 2016, accord-
ing to the report. The market
for Class C office space contin-
ued to be the only market to
report an increase in vacancy, but
recorded increasing average lease
rates. The industrial warehouse
market was the most constricted
of the market types, reporting 1
percent vacancy. Class A office
space continued to command
the highest average lease rate,
with landlords charging $25.78
per square foot, during the first
quarter of 2016. Jefferson County
added over 368,520 sf of office,
industrial and retail space to the
market between the first quarters
of 2015 and 2016.
s
Meadows
Jefferson
