- Over 966,000 sq. ft. of positive net absorption was recorded in Q3 2020—a 69.0% increase from Q3 2019.
- The overall average achieved lease rate for Q3 2020 climbed 1.6% quarter-over-quarter to $7.65 per sq. ft. NNN.
- The overall average direct asking lease rate rose 1.2% quarter-over-quarter to $9.00 per sq. ft. NNN in Q3 2020.
- Direct vacancy remained stable quarter-over-quarter at 6.9%, while total availability increased by 28 bps to 10.5% in Q3 2020.
- Six buildings comprising nearly 815,000 sq. ft. delivered in Q3 2020 as construction activity remained elevated with 7.1 million sq. ft. underway—the highest total in over 20 years.
- Year-to-date investment sale volume reached nearly $945.0 million, up 20.8% year-over-year.
Denver_Industrial_MarketView_Q3_2020
