Ideal and affordable locations for every company.
| COMMERCIAL STATS |
Office |
Industrial |
| Vacancy Rate |
14.6% |
7% |
| Lease Rate |
$19.88 |
$4.73 |
| Under Construction |
1.2 million sf |
20,000 sf |
|
Source: CoStar, 1Q 2010 |
|
|
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 2010
- Office - Metro Denver's office market vacancy rate fell from 14.9 percent in the fourth quarter of 2009 to 14.6 percent in the first quarter. First quarter net absorption was positive and totaled 474,810 square feet, compared to positive net absorption of roughly 614,410 square feet in the fourth quarter. A first quarter new delivery added roughly 13,020 square feet in one building, and slightly less than 1.2 million square feet in seven buildings remained under construction.
- Industrial - Metro Denver’s industrial market vacancy rate was unchanged at seven percent in the first quarter. First quarter net absorption was positive and totaled 35,440 square feet, compared to positive net absorption of roughly 345,230 square feet in the fourth quarter. One building with 9,600 feet was delivered in the first quarter, and one building with roughly 20,000 square feet 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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