Citing a report by Wells Fargo Securities, the Denver Post reports that Weld County is likely to suffer the most from low energy prices, though Denver "may also face some downside risk," as a hub of the energy industry in the region. Colorado has the 10th-highest concentration of oil and gas workers in the country, with a large share of them in Weld, and presumably higher unemployment among them--should it come to that--will affect retail sales and multifamily occupancies. Or will it? Recently we reported that ROI Land Investments argues now's a good time to invest in Weld property: energy will still be a major force in the area, and the local economy's actually diversified.
Sign up for more articles like this
Subscribe to Bisnow's Denver Newsletters
Related Stories
:quality(80))
:quality(80))
:quality(80))
:quality(80))
:quality(80))
:quality(80))
:quality(80))
:quality(80))
:quality(80))
:quality(80))
:quality(80))
:quality(80))