Ideal and affordable real estate for every business
Available land and existing buildings are scattered throughout the Metro Denver region, allowing companies to pinpoint optimal sites based on exact needs. Companies in every sector benefit from competitive lease rates and ample purchase opportunities.
For customized land and building searches, our professional economic development staff can conduct a confidential search of our nine-county territory to identify the right location for your business. In addition, we can provide data and analytics on workforce, industry concentration, utilities, transportation and more to support your site search. For these services and more, please contact us.
Commercial Stats| Office | Industrial | |
|---|---|---|
| Vacancy Rate | 9.5% | 4.6% |
| Lease Rate | $26.67/sf, full service | $8.14/sf, NNN |
| Under Construction | 3.35 million sf | 4.43 million sf | Source: CoStar, 1Q 2019 |
Commercial Real Estate - First Quarter 2019
Office - The Metro Denver office market vacancy rate decreased slightly from 9.9 percent in the fourth quarter of 2018 to 9.5 percent in the first quarter of 2019. There was 1.32 million square feet of net absorption in the fourth quarter of 2018, compared to 1.1 million square feet of net absorption in the first quarter of 2019.
Industrial - Metro Denver's industrial market vacancy rate increased slightly from 4.3 percent in the fourth quarter of 2018 to 4.6 percent in the first quarter of 2019. Net absorption in the fourth quarter of 2018 totaled 1.52 million square feet, compared to 470,000 square feet in the first quarter of 2019.
Note: Vacancy rates, net absorption, and average lease rates are for direct and sublet space combined. Source: CoStar Group, Inc.
Helpful links:
Denver Metropolitan Commercial Association of Realtors (DMCAR)
National Association of Industrial and Office Properties (NAIOP)
