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Steamboat Springs Colorado TAP Report
Steamboat Springs is a town of roughly 14,000 nestled in the Rocky Mountains of northwest Colorado.
At our Annual Insights Meeting on March 8th, keynote speaker Spencer Levy, Senior Economic Advisor at CBRE, provided an in-depth market forecast using historic data from previous cycles and insights from CBRE’s market analytics team. Spencer also gave an investment outlook for each of the primary CRE asset classes with recorded commentary from regarded professionals in each space. Afterwards, Kevin MacKenzie, Executive Managing Director at JLL, led a panel discussion with CRE leaders in retail, office, industrial, and multifamily that included Mark Bratt, Chief Executive Officer at Westwood Financial; Gio Cordoves, Western Regional President at KBS Realty Advisors; John Garrigan, Principal and Head of Acquisitions at LBA Realty; and Michelle Lord, Senior Vice President and Head of Project Finance at Fairfield Residential. The panelists discussed the impact of rising interest rates on their business lines, leasing trends, current pain points, and outlooks on each of their respective asset classes. The event provided a wholistic outlook on the economy diving into current pain points including interest rates and inflation while focusing in on how these metrics are impacting the primary CRE asset classes.
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