CBRE: Strong Absorption, Rising Lease Rates & Construction Activity Headline Metro Denver's Commercial Real Estate Markets in Q3 2018
DENVER – Oct. 17, 2018 – CBRE announced today the release of its Q3 reports analyzing the recent performance of metro Denver’s office, industrial and retail commercial real estate sectors. Across all sectors, strong absorption and record or near-record lease rates was a common theme while construction activity slowed from earlier in the year. In total the three sectors recorded nearly 3 million sq. ft. of positive net absorption in Q3 and 8.7 million sq. ft. of commercial space was under development at the end of September.
“Denver has maintained its position as a place where top talent and top firms want to be. This is driving strong economics and positively impacts all corners of the commercial real estate market,” said Matt Vance, Economist and Director of Research & Analysis, CBRE.
Q3 Office Highlights
Q3 Industrial Highlights
Q3 Retail Highlights
For more information, visit www.cbre.us/colorado.