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DENVER-The area’s retail score rose 200% in one quarter, yet remains firmly in the “red” category, shows a national survey by Moody’s Investors Service report. The report uses the colors of stoplights–red, yellow and green, to determine the health of the market.

Red is the worst, green is the best and yellow is caution. A red score is zero to 33, with the lower the score the worse the market.

In its last report, the Denver retail market scored only a seven. In its latest report, Moody’s gave it a 21.

“The biggest factor in boosting the score is improved expectations for income growth, from less than 1% six months ago to 2.5% now, very near the national average,” Moody’s reports.

“Offsetting that improved demand outlook, the amount of sf per capita has actually risen in the last six months by almost 4%,” the report continues. “Also, both the supply pipeline of 5.3% and the supply-demand imbalance (of a negative 2.8%), are the second highest after West Palm Beach, FL.”

For retail, Denver was the only market to be ranked in the category, “Supply Somewhat Greater Than Demand or Supply Growth Alone Somewhat High.”

West Palm Beach was the only market to receive a zero.

The highest score was a 97 obtained by Los Angeles. The US average was 88.

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