Industrial Overview
The vacancy rate increased to 5.5% and there was a negative net absorption of 516,000 square feet over the last 12 months. The average asking rental rates increased to $10.38 PSF. For the third quarter, there are 135,080 square feet still under construction.
Office Overview
The vacancy rate slightly increased to 9.7% and there was a positive net absorption of 57,400 square feet over the past 12 months. The average asking rental rates increased to $23.38 PSF from $23.18 PSF, from Q2. For the third quarter, there are 143,498 square feet under construction.
Retail Overview
The vacancy rate decreased to 4.3% and there was a positive net absorption of 532,000 square feet over the past 12 months. The average asking rental rates increased to $18.94 PSF from $18.47 PSF, from Q2. For the third quarter, there are 452,879 square feet under construction.
THRIVE News
-The Sale of the church building at 3435 Maizeland Rd.
-The Sale of the land and buildings at 21275 E Hwy 24 in Peyton, CO.
-The Sale of the building at 985 Fillmore St.
-The Sale of the Pad Site at the Sand Hill Development off of Constitution Ave.
-The Sale of the building at 3506-3508 N. El Paso St.
