Ideal and affordable locations for every company.
| COMMERCIAL STATS |
Office |
Industrial |
| Vacancy Rate |
14.8% |
7% |
| Lease Rate |
$19.84 |
$4.79 |
| Under Construction |
1.2 million sf |
30,000 sf |
|
Source: CoStar, 4Q 2009 |
|
|
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 - Fourth Quarter 2009
- Office - Metro Denver's office market vacancy rate fell from 15 percent in the third quarter of 2009 to 14.8 percent in the fourth quarter. Fourth quarter net absorption was positive and totaled 608,160 square feet, compared to negative net absorption of roughly 57,460 square feet in the third quarter. Fourth quarter new deliveries added 443,630 square feet in two buildings, and slightly less than 1.2 million square feet in eight buildings remained under construction.
- Industrial - Metro Denver’s industrial market vacancy rate fell from 7.2 percent in the third quarter of 2009 to seven percent in the fourth quarter. Fourth quarter net absorption was positive and totaled 390,110 square feet, compared to positive net absorption of roughly 621,100 square feet in the third quarter. No buildings were delivered in the fourth quarter, and roughly 30,000 square feet in two 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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