Inventory shortage raising real estate prices

The real estate industry in the Boulder Valley is experiencing an inventory shortage, driving lease rates up in the commercial sector and creating bidding wars for homes. “Longmont is as strong as we’ve ever seen it,” said W. Cotton Burden, president and CEO of Burden Inc. Burden’s recently completed 115-unit luxury apartment and mixed-use project on Main Street in Longmont, Roosevelt Park Apartments, has exceeded expectations. He said the retail space is 100 percent leased, and the apartments are “nearly full.”
Read article – Boulder County Business Report