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DENVER—Xceligent has released its industrial and office market reports for Denver for the second quarter of 2014.
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Some highlights:
Industrial
- Largest absorption quarter in recent history of 1.8 million sf has industrial professionals amazed at the seemingly unabated pace of growth in the sector.
- Tremendous quarterly absorption propels vacancy rate down over 2% year over year from 7.5% to 5.3%.
Office
- Very quiet quarter for the office space market in Denver and the high level office submarket around the metro.
- Large users still exist in the market but did not have an impact for the first 2 quarters of the year.
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