Commercial Market Reports

  1st QTR. 2018 INDUSTRIAL REPORT

Synopsis:  The Denver Industrial market ended the first quarter 2018 with a vacancy rate of 4.8%. The vacancy rate was unchanged over the previous quarter, with net absorption totaling positive 761,706 square feet in the first quarter. Vacant sublease space increased in the quarter, ending the quarter at 910,840 square feet. Rental rates ended the first quarter at $8.99, a decrease over the previous quarter. A total of 13 buildings delivered to the market in the quarter totaling 559,887 square feet, with 7,515,700 square feet still under construction at the end of the quarter.  Click HERE to read the entire report.


1st QTR. 2018 OFFICE REPORT

Synopsis:  The Denver Office market ended the first quarter 2018 with a vacancy rate of 10.6%. The vacancy rate was unchanged over the previous quarter, with net absorption totaling positive 724,747 square feet in the first quarter. Vacant sublease space decreased in the quarter, ending the quarter at 1,868,334 square feet. Rental rates ended the first quarter at $26.43, an increase over the previous quarter. A total of nine buildings delivered to the market in the quarter totaling 880,142 square feet, with 4,238,124 square feet still under construction at the end of the quarter. Click HERE to read the entire report.


 1st QTR. 2018 RETAIL REPORT

Synopsis: The Denver retail market did not experience much change in market conditions in the first quarter 2018 as vacancy rates stagnated at 4.5%. Net absorption was positive 134,393 square feet, and vacant sublease space increased by 22,606 square feet. Quoted rental rates increased from fourth quarter 2017 levels, ending at $18.12 per square foot per year. A total of 27 retail buildings with 241,746 square feet of retail space were delivered to the market in the quarter, with 1,935,193 square feet still under construction at the end of the quarter. Click HERE to read the entire report.