Colorado Springs, Colorado: A Premier Destination for Commercial Real Estate

Introduction

Nestled at the foot of the Rocky Mountains, Colorado Springs, Colorado, offers a dynamic and appealing landscape for commercial real estate (CRE) investors and professionals. As the second-largest city in the state, it boasts a vibrant economy driven by key industry clusters including aerospace, defense, technology, and tourism. Its strategic location, coupled with a business-friendly environment, positions Colorado Springs as a prime destination for CRE opportunities across various asset classes.

Economic and Industry Overview

Colorado Springs serves as a hub for several major industries that significantly influence demand for commercial properties:

• Aerospace and Defense: Home to military installations such as the United States Air Force Academy and Peterson Space Force Base, the city's defense sector fuels demand for office and industrial spaces.
• Technology and Innovation: Growing tech companies and startups contribute to a thriving demand for office spaces, particularly in innovation districts.
• Tourism and Hospitality: The city's proximity to natural attractions drives retail and hospitality property development.

The Pikes Peak Regional Development Center (link) plays a crucial role in supporting economic growth and facilitating CRE transactions.

Strategic Location and Transportation Infrastructure

Colorado Springs benefits from a robust transportation network:

• Highways: Interstate 25 runs through the city, providing north-south access to Denver and Santa Fe.
• Airports: Colorado Springs Airport (link) offers commercial flights and cargo services, enhancing connectivity.
• Rail: The city is serviced by freight rail lines that support industrial logistics.

These infrastructures offer logistical advantages, including efficient distribution channels and access to a skilled labor pool.

Commercial Real Estate Inventory & Zoning

The city is divided into several key CRE submarkets:

• Central Business District (CBD): Focused on office and retail developments.
• Industrial Corridors: Located near the airport and highways, ideal for logistics and manufacturing properties.
• Innovation Districts: Areas fostering tech and research facilities.

Colorado Springs offers zoning incentives for developers, supported by detailed zoning maps and parcel viewers (link).

Major Employers and Institutions

Key employers and institutions in Colorado Springs include:

• Lockheed Martin: Drives demand for industrial and office spaces.
• University of Colorado Colorado Springs (UCCS): A significant influence on housing and retail markets.
• Hewlett Packard Enterprise: Contributes to the demand for flex spaces.

For more information, visit the Colorado Springs Economic Development site.

Notable Commercial Developments & Projects

Colorado Springs is experiencing a surge in large-scale developments:

• City for Champions: A series of developments including sports and event centers.
• Opportunity Zones: Incentives available for developments in designated areas.

Explore ongoing projects via the Planning Department.

Building Permits, Planning, and Development Tools

For developers and investors, these resources are invaluable:

• Building and Safety Department
• Permitting Portal
• Parcel Map Viewer / GIS
• Planning Commission
• Development Code

Market Data & Economic Reports

Access public data sets to inform your CRE decisions:

• U.S. Census Bureau
• City's Open Data Portal

Brevitas provides AI-powered aggregation of public data and internal insights. Explore our Brevitas-powered dashboards for Colorado Springs.

Why Use Brevitas for Colorado Springs, Colorado CRE?

Brevitas stands out as the premier platform for Colorado Springs CRE, offering:

• AI-Driven Discovery: Tailored property searches and market alerts.
• Smart Property Pages: Auto-generated listing pages with comprehensive insights.
• Collaborative Tools: Dealroom collaboration and integration with brokers.
• Exclusive Listings: Access to premium exposure and exclusive deals.

Experience the benefits of Brevitas for your Colorado Springs CRE needs and elevate your investment strategy with our cutting-edge tools and insights.