Insights
Colorado
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VACANCY
Apartment
The average Vacancy Rate was 3.3% in the Colorado Springs metro
- Vacancy in the Colorado Springs metro drifted downward by 40 basis points.
- The Colorado Springs metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 3.8% in the Colorado Springs metro.
Distribution / Warehousing
The average Vacancy Rate was 6.7% in the Colorado Springs metro
- Vacancy in the Colorado Springs metro drifted upward by 20 basis points.
- Vacancy is expected to finish 2022 at 6.3% in the Colorado Springs metro.
Office
The average Vacancy Rate was 19.5% in the Colorado Springs metro
- Vacancy in the Colorado Springs metro drifted upward by 40 basis points.
- Vacancy is expected to finish 2022 at 19.7% in the Colorado Springs metro.
Retail
The average Vacancy Rate was 11.2% in the Colorado Springs metro
- No vacancy change since year-end 2021 in the Colorado Springs metro.
- Vacancy is expected to finish 2022 at 11.3% in the Colorado Springs metro.
RENT
Apartment
The average Asking Rent was $1,196 in the Colorado Springs metro
- Rent in the Colorado Springs metro was down 0.4% from year-end 2021.
- Rent is expected to finish 2022 at $1,236 in the Colorado Springs metro.
Distribution / Warehousing
The average Asking Rent was $9.09 in the Colorado Springs metro
- Rent in the Colorado Springs metro was up 1.2% from year-end 2021.
- Rent is expected to finish 2022 at $9.37 in the Colorado Springs metro.
Office
The average Asking Rent was $18.90 in the Colorado Springs metro
- Rent in the Colorado Springs metro was down 0.3% from year-end 2021.
- Rent is expected to finish 2022 at $18.99 in the Colorado Springs metro.
Retail
The average Asking Rent was $15.31 in the Colorado Springs metro
- Rent in the Colorado Springs metro was up 0.3% from year-end 2021.
- Rent is expected to finish 2022 at $15.33 in the Colorado Springs metro.
VACANCY
Apartment
The average Vacancy Rate was 5.6% in the Denver metro
- Vacancy in the Denver metro drifted downward by 10 basis points.
- The Denver metro had the lowest vacancy level since Q1 2018.
- Vacancy is expected to finish 2022 at 5.5% in the Denver metro.
Distribution / Warehousing
The average Vacancy Rate was 6.9% in the Denver metro
- No vacancy change since year-end 2021 in the Denver metro.
- The Denver metro had the lowest vacancy level since Q3 2009.
- Vacancy is expected to finish 2022 at 6.5% in the Denver metro.
Flex / R&D
The average Vacancy Rate was 6.1% in the Denver metro
- Vacancy in the Denver metro drifted upward by 40 basis points.
- The Denver metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 5.7% in the Denver metro.
Office
The average Vacancy Rate was 19.0% in the Denver metro
- Vacancy in the Denver metro drifted downward by 40 basis points.
- Vacancy is expected to finish 2022 at 19.0% in the Denver metro.
Retail
The average Vacancy Rate was 9.4% in the Denver metro
- No vacancy change since year-end 2021 in the Denver metro.
- The Denver metro had the highest vacancy level since Q3 2017.
- Vacancy is expected to finish 2022 at 9.2% in the Denver metro.
RENT
Apartment
The average Asking Rent was $1,621 in the Denver metro
- Rent in the Denver metro was up 1.7% from year-end 2021.
- Rent is expected to finish 2022 at $1,678 in the Denver metro.
Distribution / Warehousing
The average Asking Rent was $6.17 in the Denver metro
- Rent in the Denver metro was up 1.8% from year-end 2021.
- Rent is expected to finish 2022 at $6.37 in the Denver metro.
Flex / R&D
The average Asking Rent was $9.51 in the Denver metro
- Rent in the Denver metro was up 1.7% from year-end 2021.
- Denver metro had its fastest rent rate of increase since Q3 2009.
- Rent Has risen for seven consecutive quarters in the Denver metro.
Office
The average Asking Rent was $27.06 in the Denver metro
- Rent in the Denver metro was up 0.1% from year-end 2021.
- Rent is expected to finish 2022 at $27.11 in the Denver metro.
Retail
The average Asking Rent was $19.05 in the Denver metro
- The Denver metro remained flat rent since year-end 2021.
- Rent is expected to finish 2022 at $19.14 in the Denver metro.