• Positive net absorption of nearly 260,000 sq. ft. in Q4 2019 helped annual net absorption exceed 884,000 sq. ft.—the second highest year-end level since 2013.
  • Direct vacancy decreased to 6.8%, down 41 bps year-over-year.
  • The average direct asking lease rate was $19.64 per sq. ft. NNN, up 1.6% year-over-year.
  • Metro Denver’s retail construction pipeline remained healthy with 1.5 million sq. ft. underway in Q4 2019, up 5.2% year-over-year.
  • Quarterly investment sales priced $3.0 million and greater totaled $167.1 million, down 25.6% year-over-year.