Ideal and affordable locations for every company.
| COMMERCIAL STATS |
Office |
Industrial |
| Vacancy Rate |
13.1% |
6.9% |
| Lease Rate |
$20.91 |
$5.12 |
| Under Construction |
3.54 million sf |
1.16 million sf |
|
Source: CoStar, 2Q 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 - Second Quarter 2008
- Office - Metro Denver's office market vacancy rate rose from 12.8 percent in the first quarter of 2008 to 13.1 percent in the second quarter. Net absorption totaled a negative 50,659 square feet compared to positive net absorption of 37,334 square feet in the first quarter. Second quarter new deliveries added 366,596 square feet in 14 buildings, and more than 3.5 million square feet in 51 buildings remained under construction.
- Industrial - Metro Denver's industrial market vacancy rate increased from 6.7 percent in the first quarter of 2008 to 6.9 percent in the second quarter. Net absorption totaled a negative 328,283 square feet compared to negative net absorption of 548,900 in the first quarter. Second quarter new deliveries added 30,200 square feet in two buildings, and roughly 1.2 million square feet in 20 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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