Denver’s commercial real estate market is moving into a new phase as investors and lenders cautiously return to fundamentals after years of volatility.
That’s according to expert panelists at Bisnow’s 2025 Denver Forecast event at the Embassy Suites Denver Downtown Jan. 23.
Industry leaders spoke on a panel about the cautious but steady reintroduction of capital to the market, tightening lending standards and the persistent challenge of rising construction costs.
Denver’s real estate investment market is transitioning from speculative plays to a more fundamentals-driven approach, panelists said. Investors are prioritizing stabilized assets, yield-based returns and long-term value rather than betting on appreciation alone.
“The market’s getting reintroduced to the idea of fundamentals, but it’s definitely more game-on,” JLL Capital Markets Senior Managing Director Peter Merrion said.
Private equity, which had been largely on the sidelines lately, has started reentering the market, even in asset classes like office that have been out of favor the last few years.
Knightbridge Capital acquired 450K SF of suburban office space last year, betting that value-oriented investments would outperform in the long run, co-founder and principal Riki Hashimoto said.
Read the rest of the BisNow Denver article here.