Growth spurs push in industrial real estate market

Growth spurs push in industrial real estate market

At 2007’s midpoint, metro Denver’s industrial real estate market continues to gain momentum, while the retail market faces some challenges.

The Denver area’s industrial market includes warehouses/distribution centers and flex space, which is a combination of warehouse and office space. Most of the new industrial construction is located along Interstate 70, particularly between Interstate 225 and the E-470 tollway.

The industrial market is seeing strong absorption of space, rising rents and construction of new space to meet increasing demand.

While strong metro-area retail sales are driving new construction of shopping centers, that development is slowing, according to the C&W report. Higher construction costs have been a big contributor to the slowdown, and the metro area’s residential slump also has had a dampening effect.

The Denver Business Journal

SHARE
Previous articleColorado Real Estate’s Digital Evolution
Next articleFlat real estate market “not terrible”