Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Study: US 36 West (Interlochen) office district faces valuation, vacancy pressures; city will fold findings into budget work
Summary
Consultants told the Broomfield City Council that hybrid work and aging 1980s office stock have reduced demand and created valuation pressure in the US 36 West/Interlochen area. The report frames reuse, zoning and infrastructure choices staff will carry into upcoming budget and planning work.
At a Broomfield City Council study session, AECOM consultants presented the US 36 West (Interlochen) market study, telling council that long-term shifts in office demand and a large inventory of older office buildings are putting pressure on property values and the city’s tax base.
The study found that more than half of jobs in Broomfield are located in the study area (the Flatiron Crossing/Interlochen/Arista corridor) and that employment growth there has lagged countywide recovery since the pandemic. AECOM highlighted two structural forces: the adoption of hybrid and remote work and a concentration of 1980s–1990s office buildings with floor plates and parking configurations that make reuse or renovation more costly.
“The trends we’re dealing with today were the groundwork for these issues laid more than 35, 40 years ago,”…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
