Quote:
Originally Posted by mhays
In this situation, office tower developers will compete with each other....both want to look like they're starting. This is mostly to compete for tenants and to discourage competing projects. They'll also get better attention from their general contractor (who's probably working at a discount at this point, in the hope of getting to build the project) and potential/actual subcontractors. Meanwhile, for anything that's months out, the guaranteed construction price is still variable by several percentage points, contract terms aren't finalized, lending rates are in flux, and so on. So I tend not to believe much until things really start.
Then again, it's a strong market and seems poised to get stronger. Plenty of reason for optimism.
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Makes perfect sense. The only one I care about near term is 1401 Lawrence Street. The rest can wait till next year.
Since the topic today has been towards office construction and since the Denver-Julesburg Basin (and fracking) has created significant demand for office space, I found this rather interesting update on the
state of things in the oil patch for anyone who's curious.
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In Colorado, home of the Denver-Julesburg Basin, where almost 2,900 wells have been developed since 2011, water demand for hydraulic fracturing is forecast to double to 6 billion gallons by 2015, more than twice the annual use of the city of Boulder
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