Insights
Colorado
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VACANCY
Apartment
Average Vacancy Rate 4.3%
- No change since Q1 2020.
- Highest level since Q2 2015.
- Expected to finish 2020 at 5.3%.
Distribution / Warehousing
Average Vacancy Rate 8.4%
- Has been in decline for six consecutive quarters.
- Expected to finish 2019 at 8.3%.
Office
Average Vacancy Rate 19.6%
- Has been in decline for six consecutive quarters.
- Lowest level since Q2 2016.
- Expected to finish 2020 at 22.0%.
Retail
Average Vacancy Rate 11.2%
- Drifted downward by 10 basis points.
- Lowest level since year-end 2008.
- Expected to finish 2020 at 13.7%.
RENT
Apartment
Average Asking Rent $1,084
- Up 0.1% from Q1 2020.
- Has risen in every quarter since year-end 2008.
- Expected to finish 2020 at $1,061.
Distribution / Warehousing
Average Asking Rent $8.31
- Flat since year-end 2018.
- Expected to finish 2019 at $8.60.
Office
Average Asking Rent $18.63
- Fifth fastest rent growth in the nation, and the second in the West region, behind only Tacoma.
- Has risen in every quarter since year-end 2016.
- Expected to finish 2020 at $18.37.
Retail
Average Asking Rent $15.21
- Down 0.5% from Q1 2020.
- Expected to finish 2020 at $13.71.
VACANCY
Apartment
Average Vacancy Rate 5.9%
- Drifted upward by 30 basis points.
- Among the 20 highest vacancies nationally.
- Expected to finish 2020 at 7.4%.
Distribution / Warehousing
Average Vacancy Rate 8.6%
- Fell by 50 basis points.
- Expected to finish 2020 at 11.2%.
Flex / R&D
Average Vacancy Rate 8.3%
- Drifted downward by 10 basis points.
- Among the 20 lowest vacancies nationally.
- Expected to finish 2020 at 9.9%.
Office
Average Vacancy Rate 17.2%
- Drifted upward by 20 basis points.
- Expected to finish 2020 at 19.7%.
Retail
Average Vacancy Rate 8.9%
- No change since Q1 2020.
- Lowest level since Q1 2008.
- Expected to finish 2020 at 11.1%.
RENT
Apartment
Average Asking Rent $1,488
- Flat since Q1 2020.
- Expected to finish 2020 at $1,453.
Distribution / Warehousing
Average Asking Rent $5.69
- Down 0.2% from Q1 2020.
- Expected to finish 2020 at $5.39.
Flex / R&D
Average Asking Rent $8.90
- Down 0.2% from Q1 2020.
- Expected to finish 2020 at $8.30.
Office
Average Asking Rent $26.91
- Down 0.2% from Q1 2020.
- Expected to finish 2020 at $25.60.
Retail
Average Asking Rent $19.45
- Down 0.4% from Q1 2020.
- Expected to finish 2020 at $17.50.