Ideal and affordable locations for every company.
| COMMERCIAL STATS |
Office |
Industrial |
| Vacancy Rate |
14.7% |
7.6% |
| Lease Rate |
$20.76 |
$5.10 |
| Under Construction |
1.85 million sf |
0.06 million sf |
|
Source: CoStar, 1Q 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 - First Quarter 2009
- Office - Metro Denver’s¬ office market vacancy rate rose from 13.8 percent in the fourth quarter to 14.7 percent in the first quarter of 2009. Net absorption totaled a negative 1.2 million square feet compared to net absorption near zero in the fourth quarter. First quarter new deliveries added nearly 382,000 square feet in eight buildings, and roughly 1.9 million square feet in 24 buildings remained under construction.
- Industrial - Metro Denver’s industrial market vacancy rate increased from 7.4 percent in the fourth quarter to 7.6 percent in the first quarter of 2009. Net absorption was negative and totaled 459,500 square feet compared to negative net absorption of approximately 21,900 square feet in the fourth quarter. First quarter new deliveries added roughly 108,100 square feet in two buildings, and one building with roughly 60,000 square feet was under construction.
Note: Vacancy rates, net absorption, and average lease rates are for direct and sublet space combined. Source: CoStar
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