NoCo Newsletter | January 11, 2024

NAI Affinity
• 
January 11, 2024

NoCo Newsletter | January 11, 2024

Happy 2024! Thank you to everyone who trusted us to complete their commercial real estate transactions and investments over the past 20 years. We are honored to have had the opportunity and look forward to continuing excellent service for years to come. May the New Year bring you peace, love, and endless possibilities ✨⁠

Updates to our team in the New Year include Lauren Larsen being promoted to Managing Broker and Ashley Hergenreder being promoted to Director of Marketing and Transaction Management. Congratulations are in order for these powerhouse women!

Now, discover our newest listings, recent happenings in the NoCo CRE community & other industry news. This edition brings news of proposed statewide land use bills, market indicators, 'zombie buildings', and more.

REAL ESTATE & BUSINESS NEWS

ECONOMIC & EMPLOYMENT NEWS

  • Inflation Picked Up to 3.4% in December After Rapid Cooling Most of 2023
    • "Inflation’s cool down from historic highs keeps the Federal Reserve on track to hold rates steady later this month and contemplate cutting them later this year. But Americans aren’t in the clear yet. The consumer-price index increased 3.4% from a year earlier in December, the Labor Department said Thursday. The acceleration from November’s 3.1% advance shows inflation isn’t fully beaten." (WSJ)
  • December PMI Down
    • "In December, the Services PMI® registered 50.6 percent, 2.1 percentage points lower than November’s reading of 52.7 percent." (ISM Research, Institute for Supply Management)
  • Job Gains Picked Up in December, Capping Year of Healthy Hiring
    • "Unemployment held at 3.7% last month...(since) The U.S. economy added 216,000 jobs last month with most industries increasing employment, the Labor Department reported Friday. That was larger than November’s gain of 173,000, and better than forecasters were expecting." (WSJ)
  • Holiday Sales Rose in U.S. Despite Some Financial Anxiety and Higher Costs
    • "Holiday sales from the beginning of November through Christmas Eve climbed 3.1 percent, a slower pace than the 7.6 percent increase from a year earlier, according to Mastercard SpendingPulse, which tracks all kinds of payments including cash and debit cards." (PBS)

COMMUNITY & OTHER INDUSTRY NEWS

FEATURED LISTING

NAI Affinity is pleased to present this prime residential development site for sale located near the NEC of the intersection 10th Street (U.S. Highway 34) and 71st Avenue in west Greeley. This opportunity is part of a 135 acre mixed-use community which includes: single family, townhomes, multifamily, as well as many retail and commercial uses. The site is surrounded by nearby amenities, recreation, services, health care and is within approximately 1/2 mile to the King Soopers grocery anchored retail center to the south on 10th Street (Highway 34 Business Route). Click here to learn more about this opportunity.

ccw - NoCo Newsletter | January 11, 2024 - NAI Affinity

See previous newsletters here.

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