Market Trends
- The combination of construction delays and decreased vacancy has led the market to become landlord favorable. This dynamic has allowed asking rates to increase more than $0.50 in a year.
- Vacancy has dropped by a whole percentage point since last quarter as construction delays caused by pandemic supply chain disruptions are slowing the addition of new supply in the market.
- The industrial market continues to attract regional and national companies eyeing Denver as a strategic location for future growth.