Colorado Real Estate News

Five Trends to Watch in Colorado Economic Development

Written by Kentwood Real Estate President and CEO Gretchen Rosenberg

When I moved to Denver in 1982 it was literally and figuratively a cow town. Nothing wrong with cows, they’re cute. I won’t eat one, but the ranching lifestyle they represent has been deeply embedded and identified with our region for many generations.

That hasn’t been the case in recent years and it’s becoming more a part of our history and legacy than the day-to-day reality for most Coloradoans. Ranching, cows, and sheep are not a driver of our region’s future as much as what built the foundation for our success in the new economy of the 21st Century.

Colorado’s Future

The trends I’m watching for our future involve passionate and committed community members who are fashioning the Front Range of Colorado into a vibrant and exciting region. From technology to bioscience, green energy to healthcare solutions, Futbol to mountaineering, and of course, wine, microbrews, and fine dining. We’re on the move out here in Colorado.

  1. World Cup 2026 – We’re working to bring the 2026 FIFA World Cup to Denver! For all the Futbol lovers out there, we promise you an experience of a lifetime if we secure Denver as a host city. If you don’t know Futbol, you may recognize a game we know as soccer. We’re pretty excited to yell GOOOOOOOOOAL! When FIFA chooses Denver to host in 2026. Visit https://denver2026.com to learn more and sign up as a booster or volunteer. #Denver2026!
  2. Clean Energy – The news that Vestas wind energy company is closing and repurposing some facilities does not dampen Colorado’s leadership on clean energy and green energy. The Metro Denver Economic Development Corporation is helping lead the way to a balanced energy economy. The energy and natural resources industry is Colorado’s most diverse. Coloradoans are committed to supporting all of the sectors within the energy industry to help us move to cleaner energy while maintaining employment and innovation. http://www.metrodenver.org/industries/energy-natural-resources/
  3. Colorado Lifestyle Reigns – Visit Denver and Visit Fort Collins offer exciting ideas for how to get out and enjoy our wonderful lifestyle. Most of us transplants came for the outdoors and stayed for a combination of outdoors along with the arts, sports, dining, and community. Even with COVID restrictions, we’re finding ways to stay in tune with our environment and our communities. This trend will only accelerate as COVID restrictions lift and life gradually begins to hit the stride of our new normal post-pandemic. https://www.denver.org/things-to-do/https://www.visitftcollins.com/
  4. Housing Opportunities – Along the northern Front Range of Colorado from south of Metro Denver up through Loveland and Fort Collins we currently have a shortage of available housing. Many homebuyers are looking to purchase and are faced with making repeated competing offers to secure a winning bid. This, along with record-low interest rates have driven home prices to new highs. Renters are also struggling with availability and affordability. The opportunity for our homebuilders, who are struggling to meet demand, and potential home sellers is terrific. This is, and will remain for some time, a great season to sell a property. Check out the Colorado Market Trends from the Colorado Association of Realtors: https://www.coloradorealtors.com/market-trends/regional-and-statewide-statistics/
  5. Wine – Do I have your attention? What does Colorado have to do with wine or wine with economic development, you’re thinking? We do actually have a wine and vineyard industry, generally concentrated along our Colorado Western Slope. https://coloradowine.com/ AND we also have a burgeoning wine scene in Metro Denver. Kentwood Real Estate is working with Naked Wines to help them plant their flag in Colorado. We’re very excited to welcome the Naked Wines team to Colorado and I’m particularly enthused about hosting a wine tasting as soon as we’re able. Check out the Naked Wines site here: https://us.nakedwines.com. I’m drawn to Willamette Pinots and Pinot Gris Rose’s. It will be fun to see them flourish once they set up their stand in Colorado.

Stay tuned for more from Denver, Fort Collins and Colorado in general! We’re growing on you!

If you’re thinking of making a move to Colorado, check out the Kentwood Real Estate website for more information on all of our local communities and to search for your next home. www.Kentwood.com.