Rents for the office buildings that make up the Denver’s skyline have jumped into record territory in 2016 — an average of $40.06 per square foot, 9.7 percent higher than the first quarter of 2015. And rents for trophies (those ultra-premium office towers within the skyline) are even pricier at $42.83 per sf. But JLL’s…

Eighty-four percent of leasing activity over the past four quarters has been in warehouse/distribution space, according to CBRE E-commerce is poised to takeover food and beverage to become the second largest industry leasing category in Denver’s warehouse/distribution market. [vc_column width="1/3"][vc_column width="1/3"]

Transwestern Denver released its first-quarter 2016 Retail Market Watch Report. [vc_column width="1/3"][vc_column width="1/3"][vc_column width="1/3"]

The report covers the first-quarter 2016 commercial real estate activity in Mesa County, including Grand Junction, Fruita, Palisade, Clifton, Debeque and Collbran.

Completions remain elevated this year, placing upward pressure on vacancy. A diversified economy will bode well for the Denver apartment market this year, keeping vacancy at historically low levels despite a surge in inventory.

First-quarter highlights Biomet Inc. and CoBiz Financial were among the top office lease transactions completed in the first quarter.[vc_column width="1/3"][vc_column width="1/3"][vc_column width="1/3"]

Rents nudge higher Overall asking rent increased quarterly by 0.7% to $25.84 and registered a 7.9% annual gain. Class A rent also rose by 0.7% to $30.32 and has spiked by 7.3% year-on-year.[vc_column width="1/3"][vc_column width="1/3"]

The overall Denver industrial vacancy rate ended the first quarter at 4.3%, a slight decrease from the 4.4% vacancy reported the previous quarter. More specifically, industrial-flex projects and warehouse projects both experienced a slight decrease in vacancy from the fourth quarter 2015.[vc_column width="1/3"][vc_column width="1/3"][vc_column width="1/3"]

Once again, the Denver industrial real estate market started another year with momentum and strength, recording further advances in all fundamental indices. From tightening vacancy and increasing rates, to record pricing and compressed cap rates for investment sales, this historic run continues to outpace the typical length of a real estate expansion cycle, setting new…