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Around Town

Historic West End Is A Choice Neighborhood

Aspen's West End is elegant and historic, complete with tree-lined streets, Victorians and upscale modern dwellings. A quiet sanctuary of an old established neighborhood, the West End is considered by many to be the "choice" neighborhood.

Outside Influences

Aspen Board of Realtors statistics from 2013 show it was another good year in the recovery phase of the local real estate market.

How to Navigate the Commercial Property Rental Marketplace

Understanding how commercial rents are structured and comparing rents on different spaces can be confusing to many. Commercial rents basically have four components: 1) the base, 2) additional rent that includes the tenant's share of the Common Area Maintenance fees, or CAM, the buildings insurance and real estate taxes, 3) an annual escalation factor, and 4) often some type of rent abatement at the beginning of the lease.

As we pass the halfway point of the 2013 Aspen real estate market, the market continues to favor the buyer, although less so than at any point since the market bottomed in 2009.

The Aspen City Council has recently discussed the need to upgrade the inventory of condos for rent to make Aspen more competitive with other major ski resorts.