The overall vacancy rate is 9.4% in the first quarter, up from4.8% in the first quarter of 2001.
Douglas County along the southeast corridor had a 16.6% vacancyrate, the report notes. Other soft area include the Northwest US 36corridor and Thornton to the north, while Lakewood to the west andcentral Denver, and north Aurora are in much better shape.
The company notes economic growth is expected to rise slowlylater this year and accelerate into 2003 as the high-tech sectorbegins to expand again.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
