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 | 11.5% | 6.1% |
| Lease Rate | $27.87/sf, full service | $8.25/sf, NNN |
| Under Construction | 2.87 million sf | 7.13 million sf | Source: CoStar, 3Q 2020 |
Commercial Real Estate - Third Quarter 2020
Office - The Metro Denver office market vacancy rate increased slightly from 10.4 percent in the second quarter of 2020 to 11.5 percent in the third quarter of 2020. There was 82,000 square feet of negative net absorption in the second quarter of 2020, compared to 1,800,000 square feet of negative net absorption in the third quarter of 2020.
Industrial - Metro Denver's industrial market vacancy rate increased slightly from 5.6 percent in the second quarter of 2020 to 6.1 percent in the third quarter of 2020. Net absorption in the second quarter of 2020 totaled 1,470,000 square feet, compared to 580,000 square feet of negative net absorption in the third quarter of 2020.
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)
