Key segments of Colorado Springs’ real estate market and the city’s downtown remain relatively healthy in the face of the continuing COVID-19 pandemic, yet will continue to confront challenges in 2021, according to four industry experts.
Their mostly positive outlook for the local market was presented Thursday during the 30th annual real estate and economic forecast hosted by the Colorado Springs chapter of the Institute of Real Estate Management, an industry group. The event typically takes place in front of a few hundred people during a morning breakfast; because of the pandemic, however, this year’s forecast was held virtually via Zoom.
A Tale of Two Cities, Charles Dickens
We can all agree that 2020 was the worst of times â a year of such challenge and devastating loss. Throughout our city and our Downtown, our independent small businesses continue to confront an existential crisis, exacerbated now by the bleak of winter.
As we welcome 2021, with vaccines on the horizon, we know better times are ahead. But even in the midst of a pandemic, Downtown reached historic achievements last year.
⢠The U.S. Olympic & Paralympic Museum and Hall of Fame opened to national and international acclaim.
⢠Construction continued on Weidner Field and Ed Robson Arena, slated to open this year.