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. Read Full Report
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.
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. Read Full Report
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. Read Full Report
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 norms along the way and...