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Travis Ackerman forecasts continued growth for North Colorado land market

Real estate broker Travis Ackerman points toward continued growth for North Colorado’s land market moving into 2020.

Despite a turbulent few months during early 2019, promising second and third quarter figures look set to strengthen further as this year’s fourth quarter comes to a close and the still-burgeoning North Colorado land market moves into 2020. That’s according to Travis Ackerman, an award-winning real estate broker and North Colorado native based in Fort Collins as he demonstrates what looks set to be a highly encouraging start to the New Year.

Throughout 2019, leading North Colorado real estate broker Travis Ackerman has repeatedly examined and considered the latest figures from the region’s land market. “During this year’s second quarter, for example, North Colorado’s land market, which encompasses Larimer and Weld Counties, recorded more than 1,650 acres of sales worth almost $58 million,” he reveals. “This, in turn,” adds Ackerman, “represented the second-strongest quarter on record since the beginning of 2017, more than two years prior.”

This came after a slower start to 2019, but the year’s second quarter saw the beginning of a trend which has continued into November and looks set to remain into next year. According to Travis Ackerman, affordability issues surrounding land in and around central-most Fort Collins and headwinds tied to increases in taxes have further buoyed the wider North Colorado land market, as have increasing water prices.

“With rising water prices dictating where future development is most viable, land prices in these areas look set to remain strong, steadily strengthening further as we move forward,” Ackerman suggests.

“Despite some ongoing turbulence, demand for land in North Colorado remains extremely strong across the board,” says the real estate broker, “and the local economy, particularly in Fort Collins, as well as across Larimer and Weld Counties, continues to be regarded among the best in the nation.”

Such demand, Travis Ackerman explains, will only increase as more and more new master-planned communities come online in North Colorado during 2020. “This, I believe,” he adds, wrapping up, “is likely to remain the case throughout next year and well into 2021 as development continues to spread further and further north along I-25.”

Travis Ackerman is a director for Cushman & Wakefield Commercial Real Estate specializing in the sale and lease of land and industrial, retail, and office space in North Colorado. Since 2007, Colorado State University graduate Ackerman has been involved in a total of more than 500 transactions worth in excess of $350 million. Known in the North Colorado real estate community for his integrity and work ethic, realtor and Colorado native Travis Ackerman is now recognized as one of the top commercial brokers in the region.

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Travis Ackerman Reveals Growing Demand for Real Estate in Fort Collins

Leading local real estate professional Travis Ackerman shares his thoughts on continued demand for property in and around Fort Collins, Colorado.

 

With demand for property in Fort Collins higher than ever, leading local real estate agent Travis Ackerman provides an expert insight into what’s drawing people to the thriving North Colorado city, famed for its boutiques, pubs, and restaurants, as well as for being home to Colorado State University.

 

“Despite plentiful new construction, demand continues to outstrip supply in Fort Collins,” reveals Ackerman, a North Colorado native and Cushman & Wakefield Commercial Real Estate director based in the city.

 

Particularly evident within the residential market, demand for industrial, commercial, and office space, as well as land and vacant lots, is also high in Fort Collins as 2019 draws ever more rapidly to a close, according to Ackerman. Colorado State University, he suggests, is a major draw to the area, but that’s far from the only thing attracting people to Fort Collins. “Averaging more than 300 days of  sunshine each year, home to crystal clear lakes and rivers, and flanked by idyllic snow-capped mountains, there’s no denying the beauty of the city and its surroundings,” says the expert. 

 

Located approximately 55 miles north of the state capital of Denver, Fort Collins, Colorado, is attractive to residents and visitors alike, and across a broad age range. “Local data shows that Fort Collins is attractive to students, young professionals, families young and old, and those approaching and beyond retirement age alike,” reveals Ackerman. 

 

Families, he suggests, are drawn to the area for a variety of reasons, including the lifestyle on offer, with monthly personal finance magazine Money having previously ranked Fort Collins as the best place to live in America. “The city has also been listed as one of the best places to retire by CBS Money Watch,” adds Ackerman, “as well as ranking among the best places for business in the nation, according to Forbes.” 

 

Students and young adults, meanwhile, he says, are further attracted to the city thanks to its vibrant nightlife, many bars, and abundant retail, leisure, and entertainment options. “Famed for its craft beer scene, Fort Collins is now home to more than 20 independent breweries,” Ackerman points out. 

 

Top-rated among local real estate brokers, Travis Ackerman has previously provided an in-depth insight into the latest real estate market figures for Fort Collins, the North Colorado office space market, and the latest from northern Colorado’s land market. Ackerman has also written at length about real estate marketing strategies, the local economy’s impact on the Fort Collins real estate market, and has posted a series of quarterly outlooks for the land, commercial, retail, and office space markets in the region. 

 

As demand for real estate in Fort Collins continues to skyrocket, Ackerman is quick to highlight what he believes are some of the hottest neighborhoods and places to live in and around the city currently. “Right now, it’s all about the city’s bustling downtown area, largely centered around the university,” he adds, wrapping up, “as well as neighborhoods such as Rogers Park, Waterglen, Troutman Park, Fossil Lake, and Rigden Farm.”

Travis Ackerman Looks at Plans for 300 More Homes Slated for Fort Collins

Leading North Colorado real estate agent Travis Ackerman takes a closer look at newly proposed plans for 300 additional homes and apartments billed for southernmost Fort Collins

With hundreds of new homes and apartments already under construction or in Fort Collins’ planning pipeline, award-winning local commercial real estate professional Travis Ackerman offers an expert insight into more than 300 additional properties newly proposed for the south of the city as of this month.

“It’s understood that a developer, from Colorado Springs, is proposing a mix of more than 300 new houses and apartments on a vacant site at the corner of South College Avenue and Triangle Drive in Fort Collins,” reveals Travis Ackerman, a leading figure in the lease and sale of industrial, retail, office space, and land in and around Fort Collins.

The proposal would mark the Colorado Springs developer’s second recently approved project on South College Avenue. The newest plans would see a 35-acre site developed, in addition to work scheduled to be carried out on a smaller nearby site, starting next spring, and housing 91 apartments. “The 91 apartment site is expected to break ground early next year,” explains Ackerman, “with a completion date sometime in spring 2021.”

Both sites will include properties deemed ‘attainable by much of the local community,’ according to Travis Ackerman. “Totaling almost 400 new homes and apartments across the two sites on South College Avenue, it’s understood that a proportion of the properties will be marketed as attainable by much of the local community,” adds the property expert. “At the same time,” he continues, “a mix of larger properties will also cater, simultaneously, to the higher end of the market.”

Elsewhere in Fort Collins, and either under construction or in the city’s planning pipeline, are more than 2,000 further new homes and apartments, in addition to the approximately 400 proposed on South College Avenue.

“These include a large number of student-oriented units, such as on West Prospect Road and at the intersection of Elizabeth Street and Shields Street,” adds Ackerman, wrapping up, “as well as 300 luxury apartments close to Redwood Street, south of East Willox.”

Travis Ackerman is a director for Cushman & Wakefield Commercial Real Estate specializing in the sale and lease of land and industrial, retail, and office space in North Colorado. Since 2007, Colorado State University graduate Ackerman has been involved in a total of more than 500 transactions worth in excess of $350 million. Known in the North Colorado real estate community for his integrity and work ethic, realtor and Colorado native Travis Ackerman is now recognized as one of the top commercial brokers in the region.

Travis Ackerman Reveals Rising Rent Prices in Fort Collins

Real estate broker Travis Ackerman takes a closer look at the rising cost of rent in the bustling northern Colorado city of Fort Collins.

Now with among the highest average rent prices in all of Colorado, the cost of renting a residential property in the Fort Collins-Loveland metro area has never been higher. That’s according to Travis Ackerman, a leading North Colorado real estate broker, as he considers a recently published survey sponsored by the Colorado Division of Housing.

Sponsored by the Colorado Division of Housing, a recent report, chiefly focused on multifamily housing vacancy in the region, puts the average rent per square foot price in Fort Collins and Loveland at almost $1.60.

“The recently revealed housing vacancy and rental survey sponsored by the Colorado Division of Housing puts rent per square foot in the Fort Collins-Loveland metropolitan area at $1.56,” reveals Ackerman, a leading figure in the sale and lease of land and industrial, retail, and office space in Fort Collins and across North Colorado.

According to the report, Fort Collins’ overall median rent now stands at $1,334. The statewide report focused on metropolitan areas including Fort Collins-Loveland, Colorado Springs, Grand Junction, Pueblo, and Greeley, as well as several other smaller markets. Denver, however, was excluded from the survey, Ackerman points out.

Despite the recent completion of hundreds of new apartments in the Fort Collins-Loveland metro area, the rental market, he says, remains decidedly unbalanced. “Even with an abundance of new inventory, while the city’s population continues to grow at an almost unprecedented rate, new residential properties have done little to minimize rising rent prices as vacancy remains at an all-time low,” Ackerman explains.

Hundreds of further units are, however, still in the city’s planning pipeline. “As demand and supply begin to level out, it’s likely that the cost of rent in Fort Collins will become more palatable, although this may take some time,” adds Ackerman.

There is some good news, however, right now for the area’s prospective homebuyers, according to the real estate expert.

“Despite remaining in a sellers’ market, a recent slight dip in median home sales prices in Fort Collins means that now may be a good time to buy,” he adds, wrapping up.

Travis Ackerman is a director for Cushman & Wakefield Commercial Real Estate specializing in the sale and lease of land and industrial, retail, and office space in North Colorado. Since 2007, Colorado State University graduate Ackerman has been involved in a total of more than 500 transactions worth in excess of $350 million. Known in the North Colorado real estate community for his integrity and work ethic, realtor and Colorado native Travis Ackerman is now recognized as one of the top commercial brokers in the region.

Travis Ackerman considers proposed midtown Fort Collins hotel construction project

Leading North Colorado real estate broker Travis Ackerman explores new landmark hotel planned for Fort Collins’ popular midtown area.

With construction touted to begin as early as next spring, a new landmark six-story hotel could soon be coming to Fort Collins. A leading North Colorado real estate broker, Travis Ackerman takes a closer look at the proposed construction, set to take center stage on the gateway to Colorado State University in the city’s vibrant and bustling midtown district.

“Designs have now been unveiled for the proposed six-story, 149-room hotel proposed for construction on the current site of a Chuck E Cheese’s restaurant at the corner of College Avenue and Prospect Road,” reveals Ackerman, a leading figure in the sale and lease of land and industrial, retail, and office space in Fort Collins and across North Colorado.

The proposed hotel, it’s understood, will replace the popular children’s eatery-which will subsequently relocate to elsewhere in the city-as well as an existing retail outlet which also shares the site, according to Travis Ackerman. “While plans have now been submitted to the city, the proposed hotel still requires the final go-ahead before construction can begin,” he explains. The project’s developers, however, he says, are believed to be anticipating a start date in the spring of 2020.

Conveniently situated, the finished hotel, located close to the southeastern edge of the sprawling Colorado State University campus, would be well within walking distance of Fort Collins’ downtown district, Travis Ackerman points out. “Good transport links in the area would also promptly deliver hotel guests to other popular areas of the city,” he adds.

On-site parking for approximately 110 vehicles is also planned for the 149-room hotel, as is a full-service restaurant. “Parking in this part of the city is already limited, so on-site parking at the proposed new hotel would represent a welcome convenience for prospective future guests,” suggests Ackerman. An additional 100 further parking spots are also planned adjacent to the hotel, subject to agreement with neighboring property owners, according to the real estate expert.

“The planned hotel would support a continuing boom in construction within Fort Collins’ popular midtown area,” Travis Ackerman reveals, “following the completion of Colorado State University’s new football stadium, its health center, and a number of new apartment buildings just to the west of the proposed College Avenue and Prospect Road site.”

New construction in the area comes following significant city infrastructure improvements, including a rebuilt intersection at College Avenue and Prospect Road.

“The new hotel, it’s hoped,” adds Travis Ackerman, wrapping up, “would serve all manner of guests, including visitors to the city, both for business and for pleasure, as well as those visiting and affiliated with nearby Colorado State University.”

Travis Ackerman is a director for Cushman & Wakefield Commercial Real Estate specializing in the sale and lease of land and industrial, retail, and office space in North Colorado. Since 2007, Colorado State University graduate Ackerman has been involved in a total of more than 500 transactions worth in excess of $350 million. Known in the North Colorado real estate community for his integrity and work ethic, realtor and Colorado native Travis Ackerman is now recognized as one of the top commercial brokers in the region.

Travis Ackerman Examines Residential Property Market in Fort Collins

Top commercial real estate broker Travis Ackerman takes a closer look at the residential property market in his home city of Fort Collins, Colorado.

Born and raised in North Colorado and now living and working in Fort Collins, Cushman & Wakefield Commercial Real Estate director and top industrial, retail, and office space broker Travis Ackerman takes a closer look at the area’s booming residential property market.

“The residential property market in Fort Collins is booming,” suggests Ackerman, a Colorado native currently based in the city, located approximately 55 miles north of the state capital of Denver.

Fort Collins is famed, he reveals, for being one of the locations which inspired the design of ‘Main Street, U.S.A.’ within the main entrances of the many Disneyland parks run by The Walt Disney Company both in the United States and around the world.

“Monthly personal finance magazine Money has previously ranked Fort Collins as the best place to live in America,” adds Ackerman.

The city has also been listed as one of the best places to retire in the United States by CBS Money Watch, as well as ranking among the best places for business in the nation by bi-weekly American business magazine Forbes. “In 2017,” Ackerman goes on to point out, “Fort Collins also ranked fourth on the business magazine’s list of the 25 happiest cities in America.”

Homes for sale in Fort Collins, Colorado, have a current median listing price of approximately $435,000, according to Ackerman, and an average price per square foot of around $180.

According to Realtor.com, there are currently more than 1,000 homes for sale in the Colorado city of Fort Collins, which, on average, are today spending between six and seven weeks on the open market.

Top-rated among local real estate brokers, Travis Ackerman has previously provided an in-depth insight into the latest real estate market figures for Fort Collins, the North Colorado office space market, and the latest from northern Colorado’s land market. Ackerman has also written at length about real estate marketing strategies, the local economy’s impact on the Fort Collins real estate market, and has posted a series of quarterly outlooks for the land, commercial, retail, and office space markets in the region.

North Colorado native Ackerman briefly turns his focus back to the local Fort Collins residential property market. “Some of the hottest neighborhoods in the Fort Collins area right now,” he adds, wrapping up, “include Troutman Park, Rogers Park, Waterglen, Rigden Farm, and Fossil Lake.”

Travis Ackerman is a director for Cushman & Wakefield Commercial Real Estate specializing in the sale and lease of land and industrial, retail, and office space in North Colorado. Since 2007, Colorado State University graduate Ackerman has been involved in a total of more than 500 transactions worth in excess of $350 million. Known in the North Colorado real estate community for his integrity and work ethic, realtor and Colorado native Travis Ackerman is now recognized as one of the top commercial brokers in the region.

Travis Ackerman Realtor

Travis Ackerman Posts New Outlook For Land Market in North Colorado

Colorado State University graduate and real estate expert Travis Ackerman posts his latest outlook for the land market in northern Colorado.

From a burgeoning economy and strong demand for land to new master-planned communities and increasing taxes, Cushman & Wakefield Commercial Real Estate director and top local property broker Travis Ackerman offers a closer look at the North Colorado land market and posts an overview for the sector based on this year’s figures to date.

“Demand for land in the North Colorado market remains strong despite sales activity trailing the first halves of the prior two years in terms of the number of transactions,” suggests Ackerman, a top local real estate broker and Colorado native based in Fort Collins.

The Colorado economy, he says, continues to be regarded among the best in the nation. “As a result, the northern Colorado land market will continue to benefit moving forward,” adds the expert.

As affordability issues continue to drive residential and commercial development further north along Interstate 25, the market will carry on benefiting, according to Ackerman. “This,” he says, “will, in turn, lead to more master-planned communities coming online.”

One in particular which is especially worth noting, Ackerman believes, is RainDance in Windsor. This 1,500-acre master-planned development will, he explains, largely focus on the heritage of the local community, with more than 500 acres dedicated to parkland and recreational activities. “Of the 500 acres dedicated to parks and recreation, over 100 acres will be assigned as agricultural space for community use,” adds Ackerman.

Approximately 2,800 residences will be made available at RainDance, priced from $200,000 to more than $1 million according to the Cushman & Wakefield Commercial Real Estate director.

A second master-planned development of note, says Ackerman, is Heron Lakes. “Heron Lakes continues to see strong pre-sale activity, affirming the demand for luxury housing in North Colorado,” he suggests.

Headwinds have arisen in the region, however, as increases in taxes have begun to limit and even prohibit growth and development in some areas of the northern Colorado market, Ackerman claims. “Increasing water prices are also putting pressure on land values,” he adds, wrapping up, “and even dictating where future development can or cannot potentially occur.”

Travis Ackerman is a director for Cushman & Wakefield Commercial Real Estate specializing in the sale and lease of land and industrial, retail, and office space in North Colorado. Since 2007, Colorado State University graduate Ackerman has been involved in a total of more than 500 transactions worth in excess of $350 million. Known in the North Colorado real estate community for his integrity and work ethic, realtor and Colorado native Travis Ackerman is now recognized as one of the top commercial brokers in the region.

Travis Ackerman

Travis Ackerman Explores Local Economy’s Impact on Fort Collins Real Estate Market

Property broker Travis Ackerman offers a closer look at the growing Fort Collins economy and its positive impact on real estate in Larimer County and across northern Colorado.

From Colorado State University’s research facilities and its steady supply of educated graduates to the billion-dollar local craft beer industry, leading North Colorado real estate broker Travis Ackerman delves into the Fort Collins property market and explores the thriving local economy’s impact upon the sector.

“While many might consider Fort Collins a college town, owing to Colorado State University, the city’s economic strength stems from the diversity of the employers located here,” suggests Ackerman, a director for Cushman & Wakefield Commercial Real Estate, himself based in the vibrant North Colorado municipality.

Colorado State University’s influence, however, he says, cannot be disregarded. “The university plays a vital role in drawing in the city’s broad range of high-paying employers,” Ackerman explains.

Because of Colorado State University’s resources, research facilities, and thanks to its constant supply of highly educated graduates, more than 20 Fortune 500 companies—including a number of big-name tech firms—are now based in the Fort Collins-Loveland metropolitan area, according to Ackerman. These include, he says, Hewlett-Packard, AMD, and Intel.

Ackerman believes that these firms are perfectly positioned to take advantage of partnerships with Colorado State University and its research laboratories, incubating an employee base already experienced in field work.

“Fort Collins has also developed a sizable craft beer scene and, with it, an incredibly significant craft beer industry, with the city and surrounding areas home to notable brewers including New Belgium, Odell, Black Bottle, and industry behemoth Anheuser-Busch,” reveals Ackerman. The local craft beer industry, he says, now accounts for more than $1 billion in annual economic impact upon Fort Collins and wider Larimer County, responsible for 3,000 jobs and around $175 million in wages.

Population growth data released last year suggested that the Fort Collins-Loveland metropolitan area’s population increased by around 1.7 percent for the second straight year during 2017, according to Ackerman. This, he says, while still twice the national average, remains lower than the 2.5 percent back-to-back yearly growth witnessed in the Fort Collins-Loveland metropolitan area during 2014 and 2015.

Despite this slight slow down, however, the Fort Collins leisure and hospitality, and education and health services sectors continue to grow rapidly, posting some of the strongest growth numbers witnessed anywhere nationally in recent years. “What’s more,” adds Ackerman, wrapping up, “a low cost of living and affordable home prices continue to make the local metro area attractive to both businesses and employees alike.”

Travis Ackerman is a director for Cushman & Wakefield Commercial Real Estate specializing in the sale and lease of land and industrial, retail, and office space in North Colorado. Since 2007, Colorado State University graduate Ackerman has been involved in a total of more than 500 transactions worth in excess of $350 million. Known in the North Colorado real estate community for his integrity and work ethic, realtor and Colorado native Travis Ackerman is now recognized as one of the top commercial brokers in the region.

Travis Ackerman Explains the Latest From North Colorado’s Land Market

Leading North Colorado real estate broker Travis Ackerman considers the latest figures from the region’s land market.

The North Colorado land market, which encompasses Larimer and Weld Counties, most recently recorded more than 1,650 acres of land sales during the second quarter of 2019, changing hands for a total of almost $58 million. According to leading local real estate broker Travis Ackerman, an exact total of 1,668.1 acres and a combined value of $57.9 million represent the second-strongest quarter on record since early 2017.

“A rebound from a slow first quarter when only 605 acres sold in the North Colorado market, the average price per acre fell to a little over $34,000,” reveals Ackerman, a director for Cushman & Wakefield Commercial Real Estate based in Fort Collins.

This is a far cry, says the expert, from the more than $88,000 per acre recorded in the slower, volume-wise, first quarter. “Nonetheless, it’s worth noting,” he adds, “that the $88,700 per acre total recorded during the first quarter of 2019 was the highest price for an acre on record.”

“Still,” Travis Ackerman continues, “the most recent figure of $34,100 per square acre continues to track well behind the average for the past three years, equivalent to $42,900 per acre.”

This swing, the expert believes, is most likely down to a number of extreme outliers, rather than a general trend of declining land value in the market. “Recent sales have been largely focused on commercial land, with equal to around 60 percent of all recent land transactions being commercial in nature,” he explains.

Of notable outliers, Travis Ackerman points toward a near-1,000-acre sale which took place between Weld County Roads 17 and 19 along Weld County Road 42. “Due to the size of the plot, the sale broke down to a per-acre price of $10,000,” he reveals, “which is one reason why the price per acre has plummeted this quarter in particular.”

Another notable outlier, according to the real estate expert, was the sale of 2600 County Line Road, a 100-acre parcel of land which sold for more than $7.6 million, equivalent to an average price per acre of just over $76,200.

“Demand for land in the North Colorado market remains strong,” suggests Ackerman, “and the local economy continues to be regarded among the best in the nation.”

The northern Colorado land market, therefore, he says, will continue to benefit. “More master-planned communities are also likely to come online,” adds Ackerman, wrapping up, “as both residential and commercial development continues to move further north along Interstate 25.”

Travis Ackerman is a director for Cushman & Wakefield Commercial Real Estate specializing in the sale and lease of land and industrial, retail, and office space in North Colorado. Since 2007, Colorado State University graduate Ackerman has been involved in a total of more than 500 transactions worth in excess of $350 million. Known in the North Colorado real estate community for his integrity and work ethic, realtor and Colorado native Travis Ackerman is now recognized as one of the top commercial brokers in the region.

Travis Ackerman - North Colorado Retail Space Market

Travis Ackerman Offers Professional Insight Into North Colorado Retail Space Market

Top real estate broker Travis Ackerman sheds new light on the burgeoning retail sector real estate market in North Colorado.

Travis AckermanAs NorthColorado, is ranked as the country’s second-best place to live by the U.S. News & World Report during the second quarter of 2019, rental rates in the area continue to strengthen, particularly within the city’s retail market. That’s according to Travis Ackerman, a director for Cushman & Wakefield Commercial Real Estate based in Fort Collins, as he provides a closer look at the North Colorado retail space market.

“North Colorado, enjoys one of the strongest economies in the nation,” suggests Ackerman. Good news, he says, for the city’s retail space market.

“Considering the billions of dollars invested in major active and pending infrastructure projects, a booming construction pipeline, and investors continuing to trade properties at a rapid pace, the future remains bright for North Colorado economy,” says Ackerman. Colorado’s capital, he believes, will continue to be the Rocky Mountain region’s premier business and economic hub.

Looking at vacancy within retail real estate products during the second quarter of this year, Ackerman suggests that the numbers remain flat. “The quarter closed at 6.5 percent vacancy on an overall basis, representing a 10 basis point increase at the start of the year,” he explains, “but a 20 basis point decrease over the same figure recorded during the second quarter of last year.”

An overall vacancy has not surpassed 8 percent since 2015, according to Ackerman, and rental rates have approached record highs as a result. Overall retail product rental rates in Northern Colorado, he says, came to $17.41 per square foot on a triple net basis at the close of the second quarter of 2019. “That’s a 1.4 percent increase quarter-over-quarter,” adds the expert, “and a 2.5 percent increase year-on-year.”

The Colorado Boulevard and Cherry Creek submarket continues to demand the highest rental rates across the metro area. “High rental rates here are largely the result of high foot traffic and Cherry Creek’s fine retailers,” Ackerman explains, “catering to the most affluent individuals in the area.”

Rental rates here have, too, however, been further driven up by consistently low vacancy. Vacancy in this area, in particular, has barely eclipsed 5 percent since 2015, according to Ackerman, around 3 percent lower than anywhere else in the city. “Current vacancy in Cherry Creek sits at 3.9 percent on an overall basis,” he adds.

Ackerman expects vacancy in the Colorado Boulevard and Cherry Creek submarket to remain low as demand continues to outpace supply. “Accordingly,” he adds, wrapping up, “rental rates can be expected to rise further moving forward.”

Travis Ackerman is a director for Cushman & Wakefield Commercial Real Estate specializing in the sale and lease of land and industrial, retail, and office space in North Colorado. Since 2007, Colorado State University graduate Ackerman has been involved in a total of more than 500 transactions worth in excess of $350 million. Known in the North Colorado real estate community for his integrity and work ethic, realtor and Colorado native Travis Ackerman is now recognized as one of the top commercial brokers in the region.