CoStar Insight

Adrian Ponsen

Director of U.S. Industrial Analytics 


Jeannie Tobin

<div class="RichTextArticleBody"><div class="RichTextArticleBody-body"><p>The Denver area's industrial vacancy rate rose during most of 2022 and 2023, as a record level of distribution centers opened without committed tenants. However, with development winding down in 2024 and the demand for space from manufacturing and distribution companies strengthening, the market is once again tightening.</p></div></div>

United States

Analytics

Tenants expand into spaces ranging from older retrofitted properties to new construction

Falling vacancy rate marks turning point for Denver’s industrial market

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The <b>CoStar Power Broker Awards</b> are based on transaction data included in CoStar’s commercial real estate database, the largest and most comprehensive database of commercial real estate information. The methodology used for all company and individual categories can be found <c>here</c>. A complete list of winners by market can be found <a>here</a>.

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CoStar has introduced a new market-based programme recognising the top sale and lease deals completed each quarter. All deals that closed during the previous quarter are evaluated by CoStar's research team, the largest professional research organisation in commercial real estate. The selected top deals and the real estate firms and individual agents involved in each transaction will be singled out for recognition each quarter. For the purpose of recognising the top property sales each quarter, CoStar uses estimated sale prices in cases where the actual sale price is not disclosed. The estimate uses sale prices of similar properties in CoStar's property sales database based on the type, age, general size and location as the subject property. All the winners can be found <a>here</a>.

CoStar has introduced a new market-based program recognizing the top sale and lease deals completed each quarter. All deals that closed during the previous quarter are evaluated by CoStar's research team, the largest professional research organization in commercial real estate. The selected top deals and the real estate firms and individual brokers involved in each transaction will be singled out for recognition each quarter. For the purpose of recognizing the top property sales each quarter, CoStar uses estimated sale prices in cases where the actual sale price is not disclosed. The estimate uses sale prices of similar properties in CoStar's property sales database based on the type, age, general size and location as the subject property. All the winners can be found <a>here</a>.

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Falling vacancy rate marks turning point for Denver’s industrial market

Tenants expand into spaces ranging from older retrofitted properties to new construction

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