The regional commercial real estate market continues to struggle, with a vacancy rate of 23% compared to a normal rate of around 10%. The University of Colorado Real Estate Council conducted their annual conference and reiterated that the vacancy rate will come done quickly if new companies come into the area or local employers begin hiring on a large-scale manner. Most of the experts at the conference didn't foresee either of those activities happening in the near future, predicting that the commercial vacancies will continue at the exisiting rates. (Boulder Daily Camera, Feb. 26, 2004).
