3rd Qtr. 2019 Industrial Report

The Denver Industrial market ended the third quarter 2019 with a vacancy rate of 5.2%. The vacancy rate was up over the previous quarter, with net absorption totaling positive 747,361 square feet in the third quarter. Rental rates ended the third quarter at $9.82, an increase over the previous quarter. A total of 20 buildings delivered to the market in the quarter totaling 2,650,152 square feet, with 4,937,044 square feet still under construction at the end of the quarter.