Starting a business in Colorado is an excellent choice for entrepreneurs, as it has the country's second-best economic climate and is globally recognized as a top place to do business. The state has a rich natural-resource base, with the third-highest concentration of raw minerals in the country. Its public and private sectors cooperate in fostering innovation and entrepreneurship, which has helped Colorado become a world leader in technology innovation.
Colorado's economy is diverse and includes technology, energy, defense and medical. In fact, nationally-ranked Colorado companies are leaders in their fields, from 3D printing to aerospace. The state's unemployment rate is below the national average. Colorado's unemployment rate has dropped from 6.2 percent in January 2021, when the epidemic was at its peak, to 3.7 percent in March 2022.
There are many resources and opportunities that can help entrepreneurs launch their businesses in the state. The University of Colorado has a program called the "Colorado Innovation Network" which provides free office space for startups and entrepreneurs. An entrepreneur can also find an office space in one of the many commercial real estate buildings in Colorado.
Denver’s location near the Rocky Mountains provides excellent opportunities for outdoor recreation. With more than 300 days of sunshine per year and an average temperature of 70 degrees Fahrenheit, Colorado is a great place to live!
Commercial real estate in Colorado is an excellent investment, and with the right tenant, it can provide you with a steady stream of income for years to come.
While the Denver metro area is the state’s largest and most important real estate market, there are other areas in Colorado that offer similar opportunities. In order to be successful in the commercial real estate market, you will need to know some of the key metrics and requirements for commercial tenants.
Book a consultation with a local commercial real estate expert today to discuss each local metrics for commercial tenants or check out commercial for-sale or for-lease properties in Colorado.