The Denver Industrial market ended the first quarter of 2018 with a vacancy rate of 4.8%. The vacancy rate was unchanged over the previous quarter, with net absorption totaling positive 761,706 square feet in the first quarter. Vacant sublease space increased in the quarter, ending the quarter at 910,840 square feet. Rental rates ended the first quarter at $8.99, a decrease over the previous quarter. A total of 13 buildings delivered to the market in the quarter totaling 559,887 square feet, with 7,515,700 square feet still under construction at the end of the quarter.
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