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Originally Posted by Ejjwheel
Here is the Denverite article about that rezoning:
Denverite is a part of Colorado Public Radio and they do great reporting, and its accessible to all. If you're not a member of CPR I think its a much better thing to donate to rather than pay for BusinessDen or Biz Jounal Denver.
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I find myself reading Denverite less and less - but that's just a personal problem of mine.
I am a huge fan of NPR/BBC radio which runs most of the day down here (Phx) with a little local spice added in.
As for development news, I'll grab it wherever I can find it including CPR's website but I'll leave the paywall sites to local subscribers.
Ahh, an invitation to get wonky?
Quote:
Originally Posted by SirLucasTheGreat
Assuming that we reach herd immunity in Spring 2021 due to the vaccine rollout and the economy starts to come back, what do you all think construction activity will look like in Denver?
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I'm getting a little nervous about the acclaimed vaccine rollout. Pfizer seems to have underlying difficulty in acquiring needed materials. Just a guess that China, China companies were more aggressive in securing the mundane but necessary ingredients for the vaccine manufacturing process. Who knows with J&J and others also trying to get in the game?
Interestingly, Moderna, the little biotech that's never made a dime and constantly leaned on investors to keep going, now seems to have the inside track for supplying vaccines. Good for them.
In any case I'd look more towards the end of the 2nd quarter for sufficient available supply of vaccine. OTOH (whether preferred or not) a lot of 'herd immunity' is being acquired by our younger, healthier friends so maybe not as much vaccine will be needed?
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A recent article in the Phoenix Business Journal on feedback from developers indicated that many among the large backlog of projects planned for a 1st quarter groundbreaking have been put on 'hold' for now. Still too much uncertainty out there.
Industrial, multifamily and residential in general should continue. It's office and hotel (and retail) construction which will likely remain 'on hold' for some time (for most).
CBRE CEO says he expects at least 80% of office occupancy to return post-pandemic
DEC 11 2020 By Kevin Stankiewicz/CNBC
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The CEO of real estate firm CBRE told CNBC on Friday he expects the coronavirus pandemic to have created a lasting impact on offices — but he’s hardly envisioning a doomsday outcome.
“You’ll see a hybrid scenario. Lots of returning to the office. We think 80%-plus of that occupancy, if not more, will come back,” Bob Sulentic said on “Power Lunch.” “There will be remote working flex space. There will be working from home, and there will be creative things happening in the use of office space. That’s for certain.”
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Looking ahead to
2022
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By the time 2022 rolls around, Sulentic said, he foresees additional recovery in the hotel and retail sectors. “So it is a mixed story,” he said, as there are now “pieces of the market with secular tailwinds and other pieces of the market with secular headwinds introduced by Covid.”
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We have had a number of announcements (thanks much to
rds70), many which indicated the capacity to proceed so there will still be plenty to talk about.