Industrial Overview
The vacancy rate decreased to 4.7% and there was a positive net absorption of 107,000 square feet over the last 12 months. The average asking rental rates increased to $10.58 PSF. For the fourth quarter, there are 187,867 square feet still under construction.
Office Overview
The vacancy rate slightly decreased to 9.1% and there was a positive net absorption of 185,000 square feet over the past 12 months. The average asking rental rates increased to $23.44 PSF from Q3. For the fourth quarter, there are 85,000 square feet under construction.
Retail Overview
The vacancy rate decreased to 4.1% and there was a positive net absorption of 265,000 square feet over the past 12 months. The average asking rental rates increased to $19.21 PSF from $18.94 PSF, from Q3. For the fourth quarter, there are 456,506 square feet under construction.
THRIVE Highlights
– The purchase of land off of Marksheffel Rd. and Constitution Ave. for Eastern Colorado Bank’s new branch.
– The Sale of the building at 12295 Oracle Blvd.
-The Lease for Urban Lights at Peak Lifestyle Center off Montebello Sqaure Dr.
