2018 is expected to be excited, considering the news and the anticipated trends in Colorado`s construction industry.
Specialists consider that residential and commercial trends will be impacted differently this year.
Commercial construction will be focused on multifamily (the prices will be pushed down by cap rates that are expected to rise), retail (some of the older retail sites will start to be redeveloped) and office (offices will become smaller and with more common areas, considering that there is an increasing number of remote workers).
On the other hand, when we talk about residential construction in Colorado, we must differentiate the three markets:
Naturally, these predictions may change as we advance in 2018, but there is an overall economic optimism in Colorado that will keep driving the construction market.
First Seen over here: The building and construction environment in Colorado
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