TAYO Targets Commercial Cannabis Properties for Acquisition as Rental Rates Skyrocket

HOUSTON--(BUSINESS WIRE)--

As rental rates for commercial properties in cannabis-friendly states like Washington, California, and Oregon rapidly climb upward, Taylor Consulting, Inc. TAYO is targeting smart acquisitions to capitalize in Colorado. The real estate company is moving forward with talks to add multiple Denver-area properties to its growing portfolio.

"Denver rent rates for commercial properties suitable for the cannabis industry range from $15.50 - $19.20 per square foot, and continue to rise," said TAYO CEO Scott Wheeler. "We're looking to gain a foothold to develop our assets in this evolving industry. It's an opportunity to invest in a market that continues to skyrocket."

Denver's low industrial vacancy rate, coupled with the extraordinary demand for cannabis, has led to a rush to acquire property. The real estate boom shows no signs of slowing down, with the legal cannabis market projected to be valued at over $1 billion by 2016. TAYO is working toward a number of new acquisitions and partnerships in the Denver marketplace in order to bolster its nationwide real estate portfolio.

TAYO subsidiary Third Avenue Development, a premier hybrid of real estate investment and development, plans to move forward with multiple potential acquisitions in Colorado in the coming weeks.

About Taylor Consulting, Inc.

Taylor Consulting, Inc. (TAYO) recently created Third Avenue Development, LLC as a new division whose primary goal is to invest in promising real estate assets to compete alongside American Homes 4 Rent AMH, Silver Bay Realty Trust Corp. SBY, Equity Residential EQR, Essex Property Trust Inc. ESS and others.

Third Avenue Development, a premier hybrid real estate and development company, is building an emerging portfolio of real estate assets for investment, rehabilitation and resale. The company is focused on acquiring properties in the country's top-performing housing markets in order to capitalize on the continued recovery and growth of the U.S. real estate marketplace. For more information, visit www.ThirdAvenueDevelopment.com.

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