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Real Estate Market

Ideal and affordable locations for every company.

COMMERCIAL STATSOfficeIndustrial
Vacancy Rate 13.2% 6.2%
Lease Rate $19.73 $4.54
Under Construction .85 million sf .05 million sf
Source: CoStar 4Q 2011
   

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 website - www.metrodenverGIS.org. For additional demographics or site selection assistance, contact us.

Commercial Real Estate - Fourth Quarter 2011

  • Office – The Metro Denver office market vacancy rate fell from 13.5 percent in the third quarter of 2011 to 13.2 percent in the fourth quarter. Third quarter net absorption was positive and totaled 536,530 square feet, compared to positive net absorption of roughly 427,860 square feet in the third quarter. Two buildings with a total of 58,500 square feet were delivered in the fourth quarter, and 848,960 square feet in seven buildings remained under construction. 
  • Industrial – Metro Denver's industrial market vacancy rose fell from six percent in the third quarter of 2011 to 6.2 percent in the fourth quarter. Fourth quarter net absorption was negative and totaled 377,840 square feet, compared to positive net absorption of roughly 684,180 square feet in the third quarter. One building with a total of 32,130 square feet was delivered in the fourth quarter, and 45,880 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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