2022 Q1 Industrial Report
After 2021 set a new standard for Denver metro industrial product, momentum has carried into the new year. Vacancy stayed flat despite another busy quarter for deliveries and activity remained strong as rental rates continued to push new highs. As tenant, investor, and developer interest continues to surge around the metro, the Denver industrial market is set for another strong year in 2022.
2022 Q1 Retail Report
While the retail economy has improved, the sector still faces challenges in 2022. Foot traffic is actively back in Denver’s metropolitan areas, including
Downtown and Cherry Creek. The return to office plans were deferred due to the Omicron variant. Companies continue to battle with supply and labor shortages. This issue is felt across every economic sector. There is hope that it will eventually resolve itself in the coming months.
2022 Q1 Office Report
Denver’s office recovery continues as net absorption returned to positive territory for the first time since the onset of the pandemic and leasing activity posted its strongest figure since Q3 2019. With the worst of the pandemic appearing to be in the rearview mirror, a mass return to the office is expected for the majority of large companies by mid-2022, albeit in a hybrid work model. Employers are utilizing robust amenity packages
and upgraded workspaces to attract and retain employees back in the office.