Denver Industrial Market Report Q2 2019
We’ve seen positive industrial absorption of 1.35M SF already in the first half of 2019 and, given transactions that have already happened in Q3 or that are near the finish line, we’re well on our way to 3M SF of positive absorption for the year. There is close to another 4M SF of industrial product to be delivered in the next six months or so. This will most likely manifest itself in a higher vacancy rate (approximately six percent), but one that remains healthy. The benefit in this for occupiers of industrial real estate is that viable options will remain fairly plentiful. And opportunities to exert leverage in renewal negotiations will continue to exist.