“Stopping the CRE Doom Loop: A Call for Action”
As commercial real estate values in many downtowns approach zero or negative due to low occupancy and high operating costs, capitalism itself starts to break. Property owners and lenders face losses they can’t recover from, leading to widespread abandonment of properties. This “doom loop” threatens urban cores across America, including Denver.
In Founder & CEO Marc Perusse’s latest article, published in the Colorado Real Estate Journal, he propose a solution: a coordinated public-private approach called S.A.V.E. Denver (Secure. Activate. Vitalize. Evolve.) to stabilize market occupancy, redevelop or demolish underutilized properties, and transform our downtowns. The article highlights the importance of selective demolitions to remove obsolete buildings, consolidate tenants, and reverse the downward trend.
To learn more about S.A.V.E. and how you can contribute, contact us today.