One big contributor to the booming real estate market in the Denver area is apparently the ever-popular oil and gas industry. According to reports, Colorado is a popular destination for this industry, with the energy outlook naming Denver among a handful of U.S. cities where a large amount of new energy jobs will be located by 2035. Denver, along with cities like Houston, Philadelphia, and Dallas will get about 75 percent of the 3.5 new jobs in the energy industry. The remaining jobs will likely be in financial hubs like New York City and Chicago.
The Castle Rock movers have learned that these energy companies are rapidly seeking to scoop up space in Denver, and that energy tenants in the area paid almost 10 percent over landlord asking prices on average.