Ideal and affordable locations for every company.
| COMMERCIAL STATS |
Office |
Industrial |
| Vacancy Rate |
13.2% |
7.1% |
| Lease Rate |
$20.91 |
$5.10 |
| Under Construction |
3.4 million sf |
0.9 million sf |
|
Source: CoStar, 3Q 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 - Third Quarter 2008
- Office - Metro Denver’s office market vacancy rate rose from 13.1 percent in the second quarter to 13.2 percent in the third quarter. Net absorption totaled a positive 151,579 square feet compared to a negative net absorption of 7,616 square feet in the second quarter. Third quarter new deliveries added 431,993 square feet in 13 buildings, and more than 3.4 million square feet in 54 buildings remained under construction.
- Industrial - Metro Denver’s industrial market vacancy rate increased from seven percent in the second quarter of 2008 to 7.1 percent in the third quarter. Net absorption totaled a positive 306,026 square feet compared to a negative net absorption of 614,494 square feet in the second quarter. Third quarter new deliveries added 530,890 square feet in 10 buildings, and slightly less than one million square feet in 11 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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