2016 Forecast Colorado Springs

2016 Forecast
Colorado Springs
101 North Cascade Avenue, Suite 200 | Colorado Springs, Colorado 80903
www.quantumcommercial.com | 719.590.1717
A Letter from the President of Quantum Commercial Group
The “City” that gets along “Moves Along”! Our newly elected Mayor, John Suthers,
seems to fully grasp and embrace the idea that for our city to move forward, all
entities of local government plus the community in general need to both collaborate
and communicate at very high levels. So far, all indicators have shown that he is on
the right path economically and by improving our quality of life. The very successful
November 2015 election was the perfect example. The Mayor, local government and
the community at large fully supported and passed a ballot initiative which will allow
new taxes to be used to repair and improve our deteriorating road conditions and
fund other needed infrastructure improvements - THANK YOU!
Dale R. Stamp, President
Colorado Springs’ overall economy seems to be on a total “upswing”. Retail sales,
housing construction, wages, employment, population, and job creation are all
exhibiting positive growth patterns.
The commercial real estate sectors (Office, Industrial and Retail) continue to see
decreases in vacancies while lease rates and overall property sales and values continue
to trend in a positive direction.
As mentioned last year, Colorado Springs is well positioned for economic growth
and commercial real estate opportunities. This year we will also add that we are
“politically positioned” with new city leadership that is committed to sustained
economic growth.
As one of the leading full-service commercial real estate companies in Colorado
Springs, Quantum Commercial Group, Inc. provides a complete range of transaction
services including leasing, acquisition and disposition analysis, brokerage, property
management, consulting and investment services for our local and national clients.
For 26 years we have built a reputation of being able to effectively implement our
local expertise in order to deliver solutions, and seamless service to our clients. Please
allow us to help guide you through a complex market to make prudent sales, leasing
and management decisions, and maximize your real estate investments.
Our company sincerely hopes you find this report a valuable and strategic resource. If
you would also like to be added to our quarterly newsletters, please don’t hesitate to
call or email us.
Office
Bringing new jobs to Colorado Springs is still a top priority to help
bolster the local economy and further strengthen the office market.
Vacancy Rates
Year-End
25.0%
20.0%
15.0%
10.0%
5.0%
0.0%
'09
'10
CBD
'11
'12
Suburban
'13
'14
15
16F
Combined
Completions vs. Absorption
Year-End
800,000
400,000
0
'09 '10 '11 '12 '13 '14 15 16F
(400,000)
Completed
Absorbed
Asking Rental Rates
Year-End ($/SF/Yr. Full Service)
$24.00
$16.00
$8.00
$0.00
'09 '10 '11 '12 '13 '14 15 16F
Class A
Class B
Source: CoStar
Colorado Springs remains an inexpensive
alternative to the far more expensive
municipalities of Denver, Fort Collins, and
Boulder. As primary markets are priced higher
in commercial investment and leasing as well
as cost of living, secondary markets begin to
present a “value option” for potential entrants
into our market. Over time we expect to see a
“trickle down” effect from the prosperity of our
neighboring cities.
The November elections addressed needed
elements to help make Colorado Springs more
attractive to new companies looking our way.
Voters approved a measure to invest in key
areas for the city including transportation
infrastructure. The community is also focused on
improving the conditions at the Colorado Springs
Airport to attract additional carriers. The city
needs these tools to help attract businesses to
the area.
The medical sector will continue to be a
significant and expanding component of the
office market. Two medical office projects
recently completed were 1289 Lake Plaza Dr,
a 20,325 square foot complex with 100% of
its space pre-leased, and 6965 Tutt Blvd, a
speculative 12,600 square foot facility near the
Penrose, St. Francis Medical Campus on the north
end of the city. An 86,600 square foot complex
is under construction by Adeptus Health Inc. in
the North I-25 corridor near University Center
and multiple other significant new medical
developments will be breaking ground in various
parts of the city in the near future including a
134,000 square foot expansion at St. Francis
Medical Center at Woodmen Road and Powers
Boulevard, a new 775,000 square foot complex
which will be a third major campus for Penrose
located near Centennial Boulevard and Fillmore
Street, and a 170,000 square foot complex for
Children’s Hospital Colorado on the Memorial
North Campus. University of Colorado Colorado
Springs is also moving forward with their Sports
Medicine Facility at their campus off of Austin
Bluffs Parkway.
Steady, moderate growth is expected for 2016.
The office market will continue to see a flight
to quality (tenants moving to better quality
space). We expect slow growth in lease rates
and absorption in the near term with stronger
growth in the next couple of years. The 2,100
jobs predicted to be created over a 5-year period
by Sierra Completions at its proposed aircraft
completions complex at the Colorado Aerospace
Park will be a step in the right direction as the
addition of new jobs is what is needed to fuel
positive absorption and increased occupancy
rates. We expect to have more positive
employment news in the coming year.
Key Transactions 2015
Lessee/Buyer
Lessor/Seller
Property
Submarket
Size (SF)
L
Value Options*
Patriot Equities
9925 Federal Drive
North
20,105
S
Playdate, Inc.*
Jerald M. Barnet Revocable Trust
6040 & 6050 Erin Park Drive
Northeast
20,075
L
eviCore
Real Capital Solutions
1575 Garden of the Gods Rd.
Northwest
93,600
* Transaction Represented by QCG
S=Sale
L=Lease
© Quantum Commercial Group Inc.
Industrial
Slow and steady increases should continue for the Colorado Springs
Industrial market.
Vacancy Rates
Year-End
The Colorado Springs Industrial Market has
remained steady over the past few years with
minor increases in rental rates, and minor
decreases in vacancy rates. We expect this trend
to continue through 2016 with possible growth in
new construction and lower vacancy rates.
14%
10%
6%
'09
'10
'11
'12
'13
'14
'15 '16F
Between 2014 and 2015, the asking rental rate
increased from $6.00 per square foot (NNN)
to $6.22 per square foot (NNN). These rates
are almost $1.00 per square foot (NNN) higher
than the national average at around $5.34 per
square foot (NNN), but $1.25 lower than Denver’s
average of around $7.50 per square foot (NNN).
The vacancy rate has hovered around 9% in 2015,
which is higher than the national average of
around 7.4%.
Absorption
Year-End
800,000
400,000
0
'09
'10
'11
'12
'13
'14
'15 '16F
(400,000)
Completed
Absorbed
Asking Rental Rates
Year-End ($/SF/Yr. Full Service)
$10.00
$8.00
$6.00
There is an increasing amount of evidence that
the Colorado Springs Industrial Market is being
impacted by obsolete office/ warehouse or flex
space, specifically in the southeast submarket
of Colorado Springs, and the trend is being
reflected in the vacancy rates. The Southeast
submarket has a vacancy rate of approximately
30.9%, whereas the northwest submarket has
a vacancy rate of 5.9%. There is an increasing
demand for new industrial flex space with
higher warehouse ceiling heights and a mixture
of dock-high and drive in doors. This may lead
to more new construction in 2016, but also an
increase in asking rates to cover the costs of new
construction.
$4.00
General Industrial
R&D/Flex
Warehouse/Dist
Source: CoStar
The city has announced a number of new
incentives and tax breaks to attract, grow and
retain business in the aeronautical industry which
may lead to a fair amount of activity near the
commercial aviation zone, and should remain
positive throughout 2016 for both local and
national tenants. These incentives have already
helped land Sierra Completions a subsidiary of
the Sierra Nevada Corporation, who is expected
to break ground on their $88 million hangar
complex and be complete in 2016. There may also
be growth in the construction of new industrial
buildings, hangars/ warehouses, and even
speculative building within this area.
Industrial property values and asking rates should
increase within the next year due to the strength
of the Marijuana grow industry and greater
demand among both local and national owner/
users and investors who are looking to Colorado
Springs to purchase industrial properties,
combined with a lack of available options. There
is also a decreasing inventory of bank owned or
distressed properties in the market and the most
economical properties are being absorbed. We
expect some buyers to be slightly hesitant at the
beginning of 2016 due to the possible increase of
interest rates, but we believe this is the time to
take advantage of the low rates. Tenants will also
continue to take advantage of the low rates and
look to purchase instead of lease.
Uncertainty regarding the defense industry and
the marijuana industry has affected confidence
in the Industrial Market in past years, but we
anticipate that those industries will continue to
expand and drive demand throughout Colorado
Springs in the upcoming years. Overall, we
expect the Colorado Springs Industrial Market to
continue at its steady pace and improve over the
next year.
Key Transactions 2015
Lessee/Buyer
Lessor/Seller
Property
Submarket
North
L
Cherwell
CS/Federal Drive AB, LLC
10125 Federal Drive
S
George & Ruzena Nesvaaba
Doug Higgins
4310 Arrowswest Drive
S
Hatch Mott Mcdonald
Griffis/Blessing
4607 Forge Road
* Transaction Represented by QCG
S=Sale
Size (SF)
67,738
40,967
GOG
61,487
L=Lease
© Quantum Commercial Group Inc.
Retail
Colorado Springs’ cost of living is currently ranked the 28th least
costly out of 31 ranked Colorado cities.
Vacancy Rates
Year-End
10%
9%
8%
7%
6%
5%
'09
'10
'11
'12
'13
'14
'15
'16F
Completions vs. Absorption
Year-End
900,000
750,000
600,000
450,000
300,000
150,000
0
-150,000
-300,000
-450,000
'09 '10 '11
Completed
'12 '13 '14 '15 '16F
Absorbed
Asking Rental Rates
Year-End ($/SF/Yr. Full Service)
$13
$12
$11
$10
'09
'10
'11
'12
13
14
15
16F
Historically, low cost of living has been a driver for
relocations of industries and workers to the Colorado Springs Metropolitan Statistical Area. As the
79th most populous MSA in the USA, Colorado
Springs retail real estate has been slow to return
to it’s pre 2009 robust level of growth. This, as
well as a global tumble in oil prices, has lead to
a lowering of the local cost of living. This factor,
as it has in the past, will serve as the catalyst to
encourage stable growth to prior levels. The growing income gap between millennials, those born
between 1980 and 2000, and prior generations
in the Denver metro will be a source of labor and
home purchases, creating a pool for new industry,
and new customers for retail.
The retail industry locally, nationally and globally
is in the crux of change, and there is worry and
quandary as to whether on line shopping will
replace actual store visits. One thing is certain,
there are some retail services that cannot be
replicated on line, and it is these that need to be
fostered locally. Millennials are the key to the
future of retail, so attracting them and catering to
them in retail is paramount to future growth.
and visibility. Older retail centers will continue to
become prime for redevelopment into other uses.
To date in 2015, there has been approximately
$115,000,000 in retail sales, with an average sales
price per square foot of $240.00. Roughly 96% of
these sales were to individual investors versus 2%
to institutions and 1% to actual users of the real
estate. This compares to $89,000,000 in total
retail sales in 2014 with an average sales price of
$121 per square foot. The make up of buyers, 70%
private investors, versus 21% users and 8% REITS
or public is an indication of the level of foreclosed
property still available in 2014. As the retail investment market continues to stabilize, it is interesting to note that the average cap rate in 2014 of
7.6% moved to 7.7% in 2015. This may indicate the
level of value to be found in our market.
Expectations for 2016 are for continued stable
growth. Actions on the part of the Federal Reserve
will probably not temper expectations. As global
conditions become part of the mix, the Colorado
Springs retail market will still be desirable.
Statistically, retail numbers continue their steady
improvement. Vacancy, at 5.7% at the end of
2014, has currently dropped to 5.6%, an almost
2% decrease over the prior year. NNN direct rents
have increased market wide from $10.97 at the
end of 2014 to $11.45, a 4.4% increase over the
prior year. These rates are predicted to continue to
increase in the same manner in 2016 as retailers
and restaurants seek to improve their location
Source: CoStar
Key Transactions 2015
Lessee/Buyer
Lessor/Seller
Property
Submarket
Size (SF)
S
Phillips Edison Grocery Center REIT
JM Wilson Development Corp
Albertsons Center at Nor'wood
North
73,082
S
Josh L McGarraugh Trust
Phantom Canyon Land LLC
2 E Pikes Peak
CBD
20,325
S
Greg Powell
Centennial Colorado Partners LP
4645 -4675 Centennial Blvd
Northwest
57,460
* Transaction Represented by QCG
S=Sale
L=Lease
© Quantum Commercial Group Inc.
Investment
Colorado Springs is still considered a “value market” as prices
continue to escalate in Denver and other Front Range markets.
Average Capitalization Rates
Closed Sales
11%
10%
9%
8%
7%
6%
'08 '09 '10 '11 '12 '13 '14 '15 '16F
Property Sales Volume
$800,000,000
$600,000,000
$400,000,000
$200,000,000
$0
Office
'09 '10 '11 '12 '13 '14 '15 '16F
Industrial
Retail
All
Price Per Square Foot
$160.00
$120.00
$80.00
$40.00
$0.00
Office
'09
'10
'11
'12
Industrial
'13
'14
Retail
'15 '16F
All
Source: CoStar
Denver is ranked as one of the top markets in
the US for attracting millennials and young
professionals, a prime factor that is driving the
development and sale of multi-family assets to
record setting levels. As Denver prices continue
to set records in both price per square foot
and low capitalization rates, investors seeking
higher returns will continue to take a closer
look at secondary markets such as Colorado
Springs. There is a significant inflow of capital
from institutional investors and smaller
investment groups who are paying premiums
in the larger markets for portfolio assets. This
trickle down investment activity will continue
in 2016 as buyers perceive Colorado Springs as
an “improving” market with absorption and
increasing rents slowly trending upward in all
sectors.
Values are starting to improve in the office
market, especially in the newer, higher quality
buildings. The stabilized, newer buildings will see
the greatest appreciation in 2016. With virtually
no new construction in the office sector, values
will increase as the overall economic conditions
improve and rents and absorption trend upward.
Medical office buildings continue to be an
asset class that is attractive to investors for
both stability and predictable rates of return.
Development of new medical assets in both the
northeast and southwest areas has provided
the catalyst for expansion and relocation of
medical users. There has been improvement in
both rental rates and absorption in the medical
office market as both of our major hospitals plan
for expanded services and facilities in Colorado
Springs.
Sales of multi-family assets in Colorado Springs
in 2015 set records for both pricing and volume.
Steady economic growth, strong rental demand
and escalating rents are the drivers fueling
competition among investors for multi-family
assets. Despite an uptick in construction of
apartment projects, vacancies are predicted to
hold relatively steady. The purchase of 108 units
in the last quarter of 2015 by a Colorado Springs
based investment group was the highest price
ever paid for an apartment complex at $188,000
per unit.
With the improving economy, it is likely interest
rates will start to rise in early 2016; however,
escalation in interest rates is expected to be slow
and will not have a dramatic improvement on
pricing and volume of commercial real estate
sales in the near future.
Colorado Springs remains well positioned in 2016
as a secondary market to attract investors seeking
higher returns when compared to the primary
markets. Many investors are underwriting deals
aggressively in anticipation of higher rents and
improving values. Colorado Springs offers a great
opportunity to acquire assets at attractive pricing
with the potential for appreciation. The amount
of capital in the market combined with improving
market fundamentals will keep investment
activity strong in the next 12 to 18 months.
Key Transactions 2015
Buyer
Seller
Address
Price
Size (SF)
Colorado Springs MOB Investors, LI
Westfield Medical Office Partners
2312 N Nevada Avenue
3027 N. Circle Drive
$24,184,000
$8,041,062
71,000
23,956
Younan Properties, Inc.
Starwood Property Trust
5725 Mark Dabling Blvd.
$15,000,000
320,713
Taylor Corp.
Realm Realty
1005 E. Woodmen Road
$22,000,000
132,079
* Transaction Represented by QCG
© Quantum Commercial Group Inc.
Land
The land market’s steady upward trend will continue through 2016
with no signs of slowing down. Residential land will continue to
dominate activity while other market segments continue to show
improvement.
Building Permit Activity
Year
Single
Family
All
Others
Annual %
Change
Annual %
Change
(Single-Family)
(All Types)
‘05
5,314
1,440
5.0%
4.3%
‘06
3,446
973
-35.2%
-34.6%
‘07
2,135
956
-38.0%
-30.1%
‘08
1,223
762
-42.7%
-35.8%
‘09
1,105
232
-9.65%
-32.6%
‘10
1,404
311
27.1%
28.3%
‘11
1,399
821
-.03%
29.4%
‘12
2,218
767
59%
34.5%
‘13
2,693
745
21.5%
15.2%
‘14
2,439
1,090
-9.4%
2.6%
10-Year
Avg.
2,337
894
Through
Sept ‘14
1,870
978
Through
Sept ‘15
2,135
1,090
14.1%
1.1%
Source: El Paso County Regional Building Department and
Summit Economics, LLC
The sale of residential land and lots was the
strongest land market segment in 2015. This
trend will continue through 2016 and 2017.
The residential housing market continues
its very steady and consistent improvement
from 2012 with the purchase and sale of
entitled, undeveloped land for single family lot
development increasing from 2014. More home
building companies are developing lots to secure
lot inventory for 2016 and beyond. Finished lot
prices rose very quickly during the past 2 years
but have begun to level off because of slower
increases in new home prices. Single family home
permits should exceed the 2015 numbers by at
least 5% in 2016. Shortages of finished lots in
desirable market areas may slow new home sales
in 2016.
The apartment market continued with
increases in rents locally. This created a surge
in activity from non-El Paso County/Colorado
Springs apartment developers interested in
buying land to construct new apartments in
the market. Construction on a number of new
apartment projects will begin in early 2016. New
construction of apartment projects is expected
to continue into 2017 as the Colorado Springs
market is projected to absorb 700 or more units
per year. The senior lifestyle services market (i.e.
assisted living, memory care, etc.) saw a positive
surge in 2015 with the announcement of many
new projects throughout the market. This is
expected to continue as the Colorado Springs
market attracts retirees and empty-nesters to the
Key Transactions 2015
favorable active lifestyle that the area promotes
and enjoys.
Retail land sales again were the most improved
land market segment in 2015 with new retail
developments being announced and numerous
pad sites being sold during the year, primarily in
the market areas north of Woodmen Road. Office
and industrial land sales continued to lag and is
expected to continue to improve slowly as more
existing buildings are absorbed and favorable
financing is available to users purchasing their
own buildings. Townhome and condominium
lots/projects saw an increase in 2015 and this
market segment should improve dramatically
in 2016 as more affordable housing is being
demanded in the market by the consumer and
potential relief from the construction defect laws
is beginning to take place at a local level.
The outlook for 2016 is more positive in the land
market than it has been since 2006. A new Mayor
with a positive relationship with City Council,
new company/job announcements, the increase
in Denver homeowners considering Colorado
Springs for a new home, low municipality fees
and short development processing timelines
have made the area an ideal value proposition
within Colorado. These attributes should only
enhance the value of the Colorado Springs/El
Paso County land market in the eyes of developers
as compared to many of the currently booming
primary markets of Denver, Boulder and Fort
Collins where reasonable and profitable land
deals have become very difficult to secure.
Buyer
Seller
Property
Amount
Joint Venture with Land Owner and Classic
Communities
Forest Lakes, LLC
290 acres upscale residential land and lots in Forest Lakes
in northwest El Paso County.
Price Undisclosed
Lorson South Land Corporation
Informa, Inc.
75 finished single family residential lots in Town of
Monument (east of I-25)
$4,588,000
*Pannunzio, Inc.
Pueblo Bank & Trust
18 acres of comm./res. land in Rockrimmon (NW Colorado
Springs) for student housing
$1,608,235
* Transaction Represented by QCG
© Quantum Commercial Group Inc.
Colorado Springs
Overview & Demographics
National Ranking
•
Colorado Springs ranked 4th Best City
for Commuters by selfstorage.com.
•
Colorado Springs ranked 1st in Gallup
and Healthways’ Lowest Obesity Rates.
•
Colorado Springs ranked 15th Best City
for First-Time Home Buyers according
to WalletHub.
•
Colorado Springs ranked 3rd Best City
for Livability in the U.S. by WalletHub.
•
Colorado Springs ranked 2nd Best
Economy according to Business Insider.
•
Garden of the Gods, located in
Colorado Springs, ranked 1st in the
United States and 2nd in the World
according to the 2014 Traveler’s
Choice Top Landmarks and Parks by
TripAdvisor.
•
Colorado Springs received an A+
from Thumbtack.com Small Business
Friendliness Survey in the area of “ease
of starting a business”.
•
Colorado ranked 2nd Most Educated
State by 24/7 Wall Street.
•
Colorado ranked 7th Best State to Make
a Living by Forbes.com.
•
Colorado ranked 6th “Best State to Live
in by 24/7 Wall Street.
•
Colorado ranked 4th Happiest State by
WalletHub.
•
Colorado Springs ranked 37th by Forbes
Magazine on it annual ranking of the
Best U.S. Cities for Business & Careers.
© Quantum Commercial Group Inc.
Colorado Springs is the 79th largest Metro Area in the U.S. and the 18th fastest growing area! The
Colorado Springs Metropolitan Statistical Area (MSA) encompasses El Paso and Teller Counties – an area
comprised of 2,159 square miles. The MSA enjoys a population density of only 277 people per square
mile. It is this plains/mountain mixture that provides the climate which has made the locale a highly
desirable and healthful place to live.
Colorado Springs lies between Denver and Pueblo on U.S. Interstate 25. Its main east-west national
highway is U.S. Highway 24. A technically oriented community, the city’s economic activity is based on
the high-tech industry (second largest in the State in terms of payroll, sales and number of employees)
military, tourism, and agriculture. This economy, having become more broadly based and stable, provides the area with more diversity of income each year.
Demographic / Economic Profile
Colorado Springs MSA has become a thriving metropolis of over 650,000 people. Within a 1 hour drive
we also have access to the Denver* metro market with over 2,636,000 people and the Pueblo market
with over 161,000 people. Statistically, the city is now among large metropolitan areas; however, it
retains its wide open and friendly appeal.
The Census Bureau defines the Colorado Springs Metropolitan Statistical Area (MSA) as all of El Paso
and Teller Counties.
*Denver metro includes Adams, Arapahoe, Denver, Douglas and Jefferson counties.
Population
City of Colorado Springs
El Paso & Teller County
2005
384,409
569,322
2010
420,716
627,232
2015 Projection
477,218
674,630
2020 Projection
544,459
727,807
Source: Colorado State Demographers Office, December 2015 (based on 2010 census)
Income
City of Colorado Springs
El Paso & Teller County
Median Household Income
$53,962
$57,125
Median Family Income
$68,836
$70,728
Per Capita Income
$29,062
$28,867
Source: American Factfinder, 2013 Community Survey 1-Year Estimates
Industries
Colorado Springs is home to a diverse array of business, a result of more than 30 years of careful
economic development and planning. The area offers cost advantages, easy access to both coasts, and
a climate which is perfect for disaster recovery locations and a workforce trained to the needs of many
industries.
Company Profile
QCG is constantly changing to help our clients meet today’s real estate challenges. Our emphasis is on
specialization and we are equipped to help clients take advantage of unique market opportunities.
Overview
Real Estate Services
•
Agency Leasing
•
Asset Management
•
Capital Markets
•
Consulting
•
Disposition Services
•
Facility Management
•
Lease Administration
•
Portfolio Rationalization
•
Project/Construction Management
•
Property Management
•
Site Selection
•
Strategic Planning
•
Tenant Representation
•
Valuation Services
Quantum Commercial Group was founded
in 1989. Since our founding, the company
has grown from a single Broker into one of
the region’s largest and most respected full
service commercial real estate service firms. Its
professionals draw from a unique platform of
real estate services and specialties to deliver
integrated solutions to real estate owners,
tenants and investors. The solutions Quantum
delivers to its clients are supported by proprietary
market research and extensive local expertise.
Quantum understands the dynamics of the real
estate marketplace.
From Fortune 500 multinational companies,
institutional investors and government agencies
to small and mid-sized businesses and individual
investors, clients look to Quantum Commercial
Group for real estate solutions that meet their
business and investment objectives. We can
assist with selecting a location to do business,
improving a property or portfolio’s operating
efficiency to increasing occupancy or otherwise
maximizing the return on an investment. We
bring together professionals who have experience
with particular property types and specific
industries to ensure clients’ needs are clearly
understood and the most effective solutions are
implemented.
Services Structured Around the Needs of Our
Clients
We deliver integrated property and asset
management services focused on cost-efficient
operations, tenant retention and increasing
property values to a number of corporate and
institutional clients. Quantum manages a diverse
portfolio that includes headquarters facilities, as
well as industrial, manufacturing and warehouse
facilities, retail properties and office/medical
buildings for real estate occupants and investors.
Additionally, Quantum can provide consulting
services that help clients better understand
their real estate portfolio, the current operating
environment, and future opportunities that exist
through smart, strategic planning.
Marketing
Quantum Commercial Group offers
comprehensive marketing solutions and creative
services to our clients. We provide professional
in-house design services that include brochures,
email campaigns, websites, full offering
memorandums and more. This enables us to
generate professional and customized marketing
materials to suit individual client and property
needs, responding to requests quickly and with
excellent quality control.
Marketing starts with a complete analysis of
the property to determine pricing, best use,
targeting user profiles, demographics and market
conditions. With this information, we are able
to develop strategic marketing plans to target
prospective clients.
Quantum Commercial Group has the people,
platform and best-in-class service whether
a client needs help with a single property or
multiple global facilities. Our comprehensive
real estate solutions include transaction services,
management services, and corporate services.
Many of the real estate advisors in our office
hold prestigious designations including Certified
Commercial Investment Member (CCIM®), Society
of Industrial and Office Realtors (SIOR®) and
Commercial Property Manager (CPM®).
Recent Platform Enhancements
Quantum’s teams of specialists cover all aspects
of commercial real estate and work closely
with clients to assess the ways in which real
estate issues relate to – and contribute to – an
organization’s strategic business objectives.
These are just some of the ways we continue
to evolve our business so that we can help our
clients achieve their business objectives – no
matter what the market conditions.
Quantum continues to enhance its platform to
meet the changing needs of its clients. It significantly strengthened its financial services asset
management practice by supporting financial
service firms in resolving issues, recovering value,
and managing risk in dealing with distressed real
estate debt and properties. Quantum continues to
offer a true single-source solution when it comes
to full-service property management.
The direct or indirect purchase of real property involves significant risks. Investors should consult their
own tax advisors and legal counsel. Always remember that each property is unique and past performance is no guarantee of future results.
© Quantum Commercial Group Inc.
Brokers
Dale Stamp
Greg Nyquist, CPM®
President
719.228.3601
dstamp@quantumcommercial.com
Vice President/Property Management
719.228.3614
gnyquist@quantumcommercial.com
Susan Beitle
Mary Frances Cowan, CCIM
Office & Investment
719.228.3618
sbeitle@quantumcommercial.com
Senior Broker, Office & Investment
719.228.3606
mcowan@quantumcommercial.com
Jack Mason
Lori Ondrick
Senior Broker, Land
719.228.3631
jmason@quantumcommercial.com
Retail
719.228.3611
londrick@quantumcommercial.com
Andrew Oyler
Michael Palmer, SIOR
Office & Investment
719.228.3605
aoyler@quantumcommercial.com
Senior Broker, Office & Investment
719.228.3626
mpalmer@quantumcommercial.com
Russell Stroud, CCIM
Candace Seaton
Office & Investment
719.228.3619
rstroud@quantumcommercial.com
Senior Broker, Retail
719.228.3624
cseaton@quantumcommercial.com
Lisa Czelatdko
Taylor Stamp
Associate Broker
719.228.3609
lisac@quantumcommercial.com
Associate Broker
719.228.3623
tstamp@quantumcommercial.com
Property Management
Tracy Knupp, CPM®
Trena Fahrenbrink
Property Manager
719.228.3615
tknupp@quantumcommercial.com
Property Management Assistant
719.228.3603
trena@quantumcommercial.com
© Quantum Commercial Group Inc.
101 North Cascade Avenue, Suite 200 | Colorado Springs, Colorado 80903
www.quantumcommercial.com | 719.590.1717