RE Summit: Saturation on minds of industrial property developers
Back in 2003, Northern Colorado experienced a 50% vacancy rate for industrial properties. Now, it’s the hottest sector of the real estate market, and developers are wary about over saturation in the market but still building.
In fact, according to commercial Realtor Joe Palieri of NAI Affinity, almost a million square feet of industrial buildings are under construction or planned for Larimer and Weld counties.
Palieri moderated a panel discussion Tuesday at the 2021 Northern Colorado Real Estate Summit titled “Industrial Revolution.” Featured were developers from multiple companies who have their sights set on industrial expansion in the northern region.
The NoCo Real…
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