Desirable Tenant Demographics and University Demand

Located adjacent to the University of Northern Colorado, 1632 9th Ave benefits from a steady demand for off-campus housing from students, faculty, and university staff. This provides a reliable tenant base and contributes to long-term rental stability, further enhancing the investment appeal of the property.

Proximity to Employment Hubs

The Greeley MSA, located near the foothills of the Rocky Mountains, has become an attractive destination for renters due to its high quality of life and relative affordability. Greeley is a leader in high-tech agriculture, vertical farming, and protein industries. While agriculture remains the dominant industry in the region, Greeley’s Professional and Business Services sector has seen significant growth - office-using employment in this sector has increased by 13.5% over the past three years. The combination of a growing, diverse economy and a strong workforce has further solidified Greeley’s position as a thriving hub for both agriculture and professional services.

Excellent Population Growth and Historically Low Unemployment Rates

Greeley’s unemployment rate has historically been lower than the national average, demonstrating the strength of its job market and robust economic fundamentals. Over the last five years, Greeley has maintained this lower unemployment rate, with the exception of a brief period in 2021 when it exceeded the national average by just 30 basis points. At the same time, Greeley’s population growth has significantly outpaced the national average, increasing by more than 32% over the last decade compared to the national average of 5.5%. This growth positions Greeley as a high-growth secondary market, with population expansion projected to continue outpacing the national rate by a factor of 3x over the next three years.