"The Denver real estate market has become a vast wilderness,''the report begins. ''The northwest office market and the southeastoffice market -- office/flex markets -- are both acceleratingtoward 30% to 40% vacancies.''
Not so with the northeast industrial market, which boasts a5.91% vacancy rate at the end of the second quarter, compared with5.2% a year earlier, despite 536,393 sf of new construction.
''The lone bright light seems to be the northeast industrialmarket,'' says the report.
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