Ideal and affordable locations for every company.
| COMMERCIAL STATS |
Office |
Industrial |
| Vacancy Rate |
13.9% |
7.2% |
| Lease Rate |
$20.86 |
$5.09 |
| Under Construction |
1.99 million sf |
0.17 million sf |
|
Source: CoStar, 4Q 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 - Fourth Quarter 2008
- Office - Metro Denver’s office market vacancy rate rose from 13.2 percent in the third quarter to 13.9 percent in the fourth quarter. Net absorption totaled a negative 121,219 square feet compared to negative net absorption of 291,516 square feet in the third quarter. Fourth quarter new deliveries added more than one million square feet in 12 buildings, and almost two million square feet in 37 buildings remained under construction.
- Industrial - Metro Denver’s industrial market vacancy rate increased from 6.9 percent in the third quarter of 2008 to 7.2 percent in the fourth quarter. Net absorption totaled a negative 152,422 square feet compared to positive net absorption of 605,881 square feet in the third quarter. Fourth quarter new deliveries added almost 685,000 square feet in seven buildings, and slightly less than 170,000 square feet in three 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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