On a scale of 1 to 10, with 10 being excellent, investment conditions for all product types were listed as a 4.7. Anticipated growth in all rents rated only a 2 and anticipated values over the next year ranked only a 2.8. Investment conditions for multifamily rental properties were ranked the highest at 6.3, while hotels were ranked the lowest at 2.8.

The CBD, suburban, warehouse, R&D, regional mall, power center, neighborhood/commercial center, apartments and hotels were ranked. In each of the categories, the pre-tax yield was slightly higher in Denver. The yields also were higher in the West region and the US as a whole.

The ''going-in'' or overall cap rate, was only slightly higher than the US and West regional averages. And the ''terminal cap rate,'' used to estimate resale value at the end of the holding period, was also slightly higher than the West region and the US. The risk of overbuilding, and the risk of oversupply, was ranked below average in most categories.

The greatest risk was for neighborhood center at 5.5, while the lowest risk was for regional malls and hotels, both that received a 2.8.

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