Commercial Real Estate Over 10% of Colorado’s Economy

The commercial real estate industry was accountable for more than 10 percent of Colorado’s state economy during 2006, according to a study commissioned by the National Association of Industrial and Office Properties. The study found that commercial real estate comprises 10.5 percent of the state’s economy, totaling out to a value of $23.4 billion.

The state’s three major metropolitan areas — Denver, the northern Front Range and Colorado Springs — had nearly 85 percent of Colorado’s existing commercial and multifamily properties, with metro Denver alone representing nearly 58 percent of existing income-producing square footage, the study found.