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Commercial Real Estate Predictions Optimistic

DENVER-The industrial and retail sectors are the best places to be this year, industry experts at an economic briefing sponsored by the Denver Metropolitan Commercial Association of Realtors say, while multifamily and office professionals can expect another tough year.

By John Rebchook | Updated on January 14, 2002

DENVER-An economic recovery is around the corner. That’s the prediction of panel of experts speaking at a recent economic briefing sponsored by the Denver Metropolitan Commercial Association of Realtors.

Keynote speaker Dan Conway, of the consulting firm THK Associates, says we should start to see a recovery in the second quarter. A number of factors will lead to a quick recovery in Denver, he says: quality of life; tourism; a strong, diverse economy; public and private leadership; the housing market, public improvement projects; energy exploration; and a high-tech industry that gets its second wind.

Conway expects the population will grow by 45,00 people this year the southeast suburban market to dominate. By next year, the economy will really be ”humming,” he says.

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