Ideal and affordable locations for every company.
| COMMERCIAL STATS |
Office |
Industrial |
| Vacancy Rate |
12.9% |
7.1% |
| Lease Rate |
$20.33 |
$5.05 |
| Under Construction |
3.5 million sf |
1.3 million sf |
|
Source: CoStar, 1Q 2008 |
|
|
Metro Denver’s large inventory of commercial and industrial real estate satisfies the requirements of nearly every company. Firms can choose from downtown high-rises, suburban business parks, warehouses, and manufacturing facilities.
Available land and existing buildings are scattered throughout the region, so employers can pinpoint optimal sites based on exact needs. Companies in every sector benefit from competitive lease rates and ample purchase opportunities.
You can search available land and buildings in Metro Denver as well as Northern Colorado via our GIS Web site - www.metrodenverGIS.org. For additional demographics or site selection assistance, contact us.
Commercial Real Estate - First Quarter 2008
- Office - Metro Denver’s office market vacancy rate rose from 12.7 percent in fourth quarter 2007 to 12.9 percent in first quarter 2008. Net absorption totaled a negative 77,386 square feet compared to positive net absorption of 248,037 square feet in fourth quarter. First quarter new deliveries reached 75,378 square feet in eight buildings, and 65 buildings with a total of 3.5 million square feet remained under construction.
- Industrial - Metro Denver’s industrial market vacancy rate increased from 6.4 percent in fourth quarter 2007 to 7.1 percent in first quarter 2008. Net absorption was negative and totaled just more than one million square feet, down from positive net absorption of 157,188 square feet in fourth quarter. First quarter new deliveries totaled 327,197 square feet in 14 buildings, and 1.3 million square feet in 15 buildings remained under construction.
Note: Vacancy rates, net absorption, and average lease rates are for direct and sublet space combined. Source: CoStar
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