A small retail brokerage is moving its office across Speer Boulevard.
Chad Knoth, vice president of Broad Street Realty’s Denver office, said the firm is moving to the fourth floor of the Vibe building at 1391 Speer Blvd. next month.
“We just decided to change it up. We work all over the state so for us, getting in and out is better for our work and what we do,” Knoth said, noting the highway proximity.
He said the 2,400-square-foot space is comparable to Broad Street’s old LoDo office at 1479 Wynkoop St., although the new one offers a better, broader view of downtown.
Broad Street Realty is a publicly traded company that was founded in Virginia in 1987 and owns retail centers across the country. In addition to Denver and Virginia, it has offices in Maryland and Washington, D.C.
Broad Street has about six people that work hybrid out of its Denver office. Knoth said local operations focus on retail brokerage, but Broad Street itself does own a few local retail centers, most notably the Lakewood shopping center that houses Casa Bonita.
He said Colorado’s retail leasing market is still strong, especially compared to the office market.
“The sales market and development deals have slowed down significantly … but there’s still demand for more retail expansion here and in the market,” Knoth said. “It’s hard to figure out what’s really going to happen.”
Knoth moved to Colorado in 1999 to go to the University of Denver and never left. He said he’s been a broker in Colorado for 20 years and joined Broad Street Realty in 2018.
Right now, Knoth said his biggest project is leasing two malls in Colorado Springs. Long term, he hopes to expand Denver’s office.
“My opinion of malls, if it’s a good location the mall is going to do well,” Knoth said. “Not many I would say are dying.”
Nationally, Knoth said, Broad Street is focusing on acquiring more shopping centers.
A small retail brokerage is moving its office across Speer Boulevard.
Chad Knoth, vice president of Broad Street Realty’s Denver office, said the firm is moving to the fourth floor of the Vibe building at 1391 Speer Blvd. next month.
“We just decided to change it up. We work all over the state so for us, getting in and out is better for our work and what we do,” Knoth said, noting the highway proximity.
He said the 2,400-square-foot space is comparable to Broad Street’s old LoDo office at 1479 Wynkoop St., although the new one offers a better, broader view of downtown.
Broad Street Realty is a publicly traded company that was founded in Virginia in 1987 and owns retail centers across the country. In addition to Denver and Virginia, it has offices in Maryland and Washington, D.C.
Broad Street has about six people that work hybrid out of its Denver office. Knoth said local operations focus on retail brokerage, but Broad Street itself does own a few local retail centers, most notably the Lakewood shopping center that houses Casa Bonita.
He said Colorado’s retail leasing market is still strong, especially compared to the office market.
“The sales market and development deals have slowed down significantly … but there’s still demand for more retail expansion here and in the market,” Knoth said. “It’s hard to figure out what’s really going to happen.”
Knoth moved to Colorado in 1999 to go to the University of Denver and never left. He said he’s been a broker in Colorado for 20 years and joined Broad Street Realty in 2018.
Right now, Knoth said his biggest project is leasing two malls in Colorado Springs. Long term, he hopes to expand Denver’s office.
“My opinion of malls, if it’s a good location the mall is going to do well,” Knoth said. “Not many I would say are dying.”
Nationally, Knoth said, Broad Street is focusing on acquiring more shopping centers.