MARKET DYNAMICS

Governmental processes make it very difficult for new projects to gain entitlement in Boulder County. Additionally, open space is highly coveted and actively sought by the City of Boulder, Boulder County and private groups, and as such, there is a limited amount of land left to develop in the area.

Boulder’s job market is healthy and is among the strongest in Colorado and throughout the U.S.. According to December, 2007 U.S. Department of Labor figures, Boulder’s unemployment rate is 3.7%, well below the Denver Metro average of 4.4% and the U.S. average rate of 4.8%. Colorado unemployment stands at 4.5%.

Boulder has over 10,000 businesses listed in the telephone directory. Many are thriving and stable, some are in a growth mode, some are poised for explosive growth. Historically, Boulder is home to an inordinately large number of businesses that start small and grow to become nationally or internationally recognized. Crocs, Celestial Seasonings, Noodles & Co., Wild Oats Markets, Spyder Ski Wear, Storage Tek, Exabyte, Applied Film Technologies, Micro Motion are some examples. There is an incredible amount of talent, creativity and entrepreneurship in the Boulder business community. The Gunbarrel Business Center provides very adaptable space for the mainstay of the Boulder business market, the Primary Tenant Demand, which is 2,000 to 10,000 square foot spaces, in a classic flex environment. Gunbarrel Business Center is a conservative multi tenant industrial, flex, showroom and office property that caters to the small to medium sized companies in Boulder County.