Property Management in Broomfield, Colorado
Incorporated in 1961, this Pacific Northwest community originated as a farming region in the mid-nineteenth century. It was named after the broomcorn plant that was cultivated by farmers for Denver breweries. Money.com declared it the 53rd Best Place to Live in 2017.
This Colorado treasure has numerous attributes that make it an exceptional place to work, play and call home:
Broomfield, Colorado Details
The city houses Interlocken Advanced Technology Environment, a sprawling 1,100-acre business park housing telecom powerhouse CenturyLink, tech giant Oracle and global ski corporation, Vail Resorts. JP Morgan Chase will soon erect a 150,000 square foot, $220 million data center in the city.
In 2016, the number of businesses opening in the city, including over 20 corporate, national and regional headquarters, vaulted to 9.1 percent. With its strategic location, and proliferation of tech companies and corporate headquarters, it is predicted to be crucial to future business networks. In Census data tracked from July 2014 to July 2015, the city was deemed the ninth fastest-growing one in the country. This robust growth equates to wider employment opportunities and higher salaries.
The city’s higher wages are enticing to those pursuing employment or a career change. This year the average wage soared 58 percent higher than the entire state’s. According to the 2017 US Bureau of Labor Statistics, the metropolis’ average salary was $89,191, surpassing Denver’s median of $56,300.
To put this boom in perspective, 30,331 jobs in 2007 mushroomed into 141,171 in 2015 — a 35 percent increase. Since 2012, the town has added 7,300 jobs, equating to $882 million in capital investments. Over the past few years, it has experienced an upturn in high tech and R&D firms. Job growth over the next 10 years is predicted to be 40.19 percent.
The city’s economic expansion has resulted in a healthy housing climate. According to a May 2018 Zillow report, the median home value currently listed is $499,500, while the median price of homes that sold is $411,600. On average, rent for a one-bedroom apartment is $1,378 a month, and two-bedroom apartments cost $1,667 per month.
Crime and Fire
The city’s low crime rate enhances its appeal as a very livable area. The past 15 years have seen a steady reduction in crime, with violent crime less than the national average by 86.46 percent, and, for property crime, lower than the national property crime rate average by 1.88 percent. In 2016, the city’s violent crime rate was lower than the entire state’s violent crime rate by 84.31 percent. The property crime rate was lower than the entire state’s property crime rate by 12.26 percent.
North Fire Rescue District is staffed with 113 firefighters, serving the area from seven stations. The training center and headquarters engage 30 administrative and fire fighting members. Engine and fire station tours are open to the public.
Things to Do
Some of the city’s popular attractions are:
- Butterfly Pavilion and Insect Center — The only stand-alone, non-profit invertebrate zoo in the country, the Pavilion provides interaction with 1,600 free-flying butterflies, as well as a tarantula named Rosie, and an octopus. Admission is $12 for adults, $10 for seniors and $8 for children 2-12 years old.
- Golf — The city is dotted with four golf courses: Omni Interlocken Resort Golf Club, Greenway Park Golf Course, Eagle Trace Golf Club and Broadlands Golf Course.
- ThemeScape Escape Rooms — Escape rooms are themed interactive games in which participants must utilize clues, crack codes, and solve puzzles to escape a locked room.
- Broomfield County Commons Open Space — Established in 2003, this 86-acre park is utopia for bike riding, walking, jogging, dog walking, picnics, playing soccer, or even glimpsing the occasional coyote. The park is also outfitted with a state-of-the-art lightning prediction apparatus called the THOR Guard System.
Please give us a call. We’d be happy to furnish a comprehensive market analysis of your rental property.
Broomfield Property Management
Our property management team specializes in residential areas throughout Broomfield, CO. We offer multiple services to take your rental property and convert it into reliable income. We have a thorough screening process that helps to identify the right tenants for your property. Our team works hard to keep both parties happy through effective communication, bullet proof lease agreements, and timely monthly rent collection. We offer maintenance services to enhance the property and ensure that it will retain or increase in value. We oversee everything, allowing you to sit back and relax and know that your property and your tenants are in good hands.