Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(To read more on the industrial market, click here.)

DENVER-The metro-area industrial market absorbed about 1.37 million sf in the first half of the year, almost as much as it did in all of 2004, shows a recent report by the Frederick Ross Co., the largest locally owned, full-service commercial real estate firm based in Denver. The vacancy rate dropped from 8.84% to 8.31%, with much of the activity involving existing tenants expanding into additional space, according to Ross.

Warehouses propelled the overall market. The Ross report notes that is to be expected, as that part of the market is almost seven times as large as the R&D/flex part of the market. Warehouse vacancies dropped a half a point to 6.57% and R&D flex buildings also dropped by a half of a percent, although vacancies remained high in that product at 19.8%.

Ross calls the moderate amount of new supply of 460,000 sf as “deliberate,” as it is targeted to meet demand. However, it cautions that there’s another 1.8 million sf in the pipeline. Despite the improving fundamentals, rental rates are virtually unchanged, according to Ross. And sales activity is relatively light, with only 10 properties trading for $3 million or more in the first half of the year.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.