Archive for Denver Business
Denver International Airport (DIA) Flies High in Customer Service
Happy Birthday, DIA! While images of lost baggage may linger in your mind when you think of Denver International Airport’s opening in February of 1995, the airport has come a long way in the last 15 years.
CNBC recently reported on J.D. Power and Associates’ 2010 North America Airport Satisfaction Study, ranking airports on a variety of factors, including accessibility, check in/baggage check process, facilities, security checkpoints and food and retail services. DIA was ranked the second highest airport in North America, only behind Detroit Metro (DTW).
DIA scored a 5/5 in Overall Satisfaction, a 5/5 in Accessibility, a 4/5 in Check-In, and a 4/5 in Security. Way to go, DIA! Here’s to many future smooth travels for you via Denver International Airport.
TeamCox Realtors – Treating our clients’ real estate transactions as if they were our own.
What are the Hottest Jobs in Denver?
The Denver Metro Chamber of Commerce recently commissioned a study, revealing that several Denver-area sectors have experienced job growth amidst the recession. The hottest sectors for job growth in the nine-county Denver area include:
Aerospace: Colorado’s aerospace sector, consisting of approximately 90 firms, had a 12.1 percent increase in jobs from 2004-2009. This was the best showing among the 50 largest metropolitan areas in the country.
Aviation: The region will benefit from growth at Denver International Airport over the next five to 15 years.
Bioscience: Employment in the region’s medical device section grew 1.6 percent from 2009-2009.
Broadcast and Telecommunications: The Denver metro area ranked fourth for broadcasting and telecommunications’ job growth. The sector grew at 2 percent during the recession.
Energy: The region’s energy sector experienced job growth of 4.6 percent from 2009-2009.
Financial Services: The Financial-services sector ranked fourth in the country for job growth.
Information Technology – Software: The information technology sector employs 2.9 percent of the region’s total workforce.
We’ve been stressing throughout the recession that the Denver area is at an economic advantage compared to other cities, since the region is bolstered by an array of diverse, strong industries. For information on Denver real estate, please contact TeamCox Realtors at 303-400-6060.
TeamCox Realtors – Treating our clients’ real estate transactions as if they were our own.
Denver City Council Approves New Lowry Development
Admist a dispute lasting until nearly 1:00am this morning, the Denver City Council has approved the redevelopment of an old Lowry air base today. According to The Denver Post, the development, which is located north of Alameda Avenue near South Clinton Street, will consist of nearly 1,000 housing units, 400,000 sq. ft. of retail space, and 120,000 sqare feet of office space.
We will keep you updated on the latest news on this upcoming Lowry development. For information on upcoming Denver real estate projects, please contact TeamCox Realtors at 303-400-6060.
TeamCox Realtors – Treating our clients’ real estate transactions as if they were our own.
2010 Denver Economic Forecast is Encouraging
The Metro Denver Economic Development Corporation (Metro Denver EDC) recently released its 2010 Economic Forecast for Metro Denver and the news is encouraging.
As we’ve reported numerous times during this recession, the report suggests that Metro Denver’s economy has fared better than many other regions throughout the recession. This can be attributed the region’s diverse base of industries and strong economic fundamentals.
While the Denver-area’s outlook for 2010 is far from rosy, there are many positive factors, including its relocation desirability, and the fact that the Denver housing market has been predicted to be one of the first markets to recover numerous times.
All of this suggests that there is no better time than the present to purchase a Denver home. For more information on Denver’s economy, please contact TeamCox Realtors – Denver real estate specialists – at 303-400-6060.
TeamCox Realtors – Treating our clients’ real estate transactions as if they were our own.
Colorado Unemployment Rate Dips Again
There is good news on the Colorado job front. The Colorado Department of Labor and Employment released its unemployment figures today and the news is encouraging. The state’s jobless rate fell slightly in November, to 6.9 percent. The figure, which has been decreasing over the past several months, is well below the national unemployment rate of 10 percent.
While a 6.9 percent unemployment rate is hardly a positive piece of news, the underlying story is hopeful for the Denver real estate market, and for the entire state of Colorado. For more information on the Denver-area job market, contact TeamCox Realtors – your Denver real estate specialists – at 303-400-6060.
TeamCox Realtors – Treating our clients’ real estate transactions as if they were our own.
Positive Perspective on the Denver Real Estate Market
We are always on the lookout for positive news regarding the Denver real estate market. Our partners at Land Title regularly put out newsletter entitled, “Positive Perspective,” that I thought I would share with you. This edition highlights a few things that we’ve already addressed, including the homebuyer tax credit being extended. It also has information on Denver-area home sales in October, home sales in the western region (including Colorado), Colorado Springs making Business Week’s “40 Strongest List,” and several announcements on local businesses.
Click Here to Read Positive Perspective
For more positive perspective on the Denver area, or regarding the Denver housing market, please contact TeamCox Realtors at 303-400-6060.
TeamCox Realtors – Treating our clients’ real estate transactions as if they were our own.
Forbes.com Ranks Colorado as the 4th-Best State for Business
Forbes.com Ranks Colorado as the “4th-Best State for Business”
Colorado climbed two notches on this year’s Forbes.com’s “best states for business.” States were judged on six criteria, including labor supply, business costs, regulatory environment, growth prospects, economic climate and quality of life, with business costs being the most important factor. Virginia, Washington State, and Utah were the only states ranked above Colorado.
This is good news for the Denver real estate market, which continues to recover from the economic downturn. As long as businesses can thrive in Colorado, its real estate market will eventually follow suit. The Denver and Colorado economies have withstood the national downtown quite well, due to a diverse base of industries. Colorado’s unemployment rate is well below the national one, and the Denver housing market is one of the fastest recovering markets in the entire country.
For more information on the business climate in Colorado, or regarding Denver relocation, please contact TeamCox Realtors – your Denver real estate specialists – at 303-400-6060.
Colorado Unemployment Rate Drops in August
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TeamCox Realtors – Treating our clients’ real estate transactions as if they were our own.
Denver Tourism Faring Well in Economic Downturn
It’s summer in Colorful Colorado, which means it’s prime tourism season. According to Visit Denver, Denver tourism bucked a national decline tourism spending last year – Denver visitors spent a record $3.1 billion, which is a 9 percent increase from 2007.
While the number of overnight visitors was virtually unchanged from 2007 to 2008, the travelers spent more money. Where are these visitors coming from? California, Texas, and Florida residents make up the most Colorado tourists, so please, be nice to the Texans.
This trend isn’t surprising since Denver has so much to offer its visitors – the Cherry Creek mall, LoDo, the 16th Street Mall, are just a few of our city’s most-popular tourism spots.
For information on tourism in Denver, or regarding Denver relocation, please contact TeamCox Realtors – your Denver real estate specialist – at 300-400-6060.
TeamCox Realtors – Treating our clients’ real estate transactions as if they were our own
Top Tourist Attractions in the Denver Area
Colorado Named Among CNBC’s, “America’s Top States for Business 2009″
Colorado continues to climb CNBC’s list of great places to do business. CNBC’S annual list of, “America’s Top Place for Business 2009,” was recently unveiled, and Colorado was 3rd on the list, up from 5th last year. It only trailed Virginia and Texas. All 50 states were evaluated on variety of factors, including the cost of doing business, workforce quality, economy, education, quality of life, technology and innovation, transportation, business friendliness, and access to capital.
This is good news for the Denver real estate market, since a strong Colorado economy is vital to its continued recovery. For more information on the state of Denver’s economy, please contact Team Cox Realtors at 303-400-6060.
TeamCox Realtors – Treating our clients’ real estate transactions as if they were our own
Colorado’s Unemployment Rate Remains Flat
While Colorado’s employment picture is far from rosy this summer, it is much better than most other states in the country. Our state’s unemployment rate has remained steady since March, hovering between 7.4 percent and 7.6 percent. Colorado was among only 12 states in June, where unemployment has not increased, a great feat in this recession. Most metro Denver counties are reporting similiar numbers: 10-County Metro Denver (7.9 percent), Arapahoe County (7.7 percent), and Douglas County (6.7 percent).
One Colorado resident being out of work is still too high, though, so we have our fingers crossed for a job market recovery in the near future.
If you are a distressed Denver homeowner who has lost your job and is falling behind on your mortgage payments, please contact us so we can help. We are one of the few Certified Property Distressed Property Experts (CDPE) in the Denver area, who is trained to help Denver-area homeowners avoid foreclosure after a job loss, or any other hardship that they may be facing.
For more information on the state of the Denver economy, please contact TeamCox Realtors – your Denver real estate specialists – at 303-400-6060.