2021 Q2 Industrial Report
The Denver Metro industrial market thrived during the pandemic as e-commerce surged and distribution needs continued to grow. A booming pipeline has led to a rise in vacancy but tenant activity and absorption figures remain strong. Coupled with an increase in investor focus on the asset class, the future for Denver industrial has never been brighter.
2021 Q2 Office Report
While the Denver Metro office market is still feeling the impact of the pandemic, there was a noticeable increase in demand in Q2, with leasing activity returning to pre-pandemic levels. With this increased activity, widespread vaccine distribution underway, and a mass return to the office on the horizon, Denver is on the road to recovery.
2021 Q2 Retail Report
The coronavirus shock to the retail market resulted in the shuttering of all non-essential stores for an extended period of time. Coupled with limited capacity re-openings, months of lower revenues forced many tenants to permanently close their doors. This led to four consecutive quarters of negative absorption from Q2 2020 – Q1 2021 with more move-outs likely over the next year. Absorption is projected to remain in negative territory through 2021. However, retailers are now able to operate at full capacity, which will boost retail fundamentals going forward.