Metro Denver posted positive net absorption of 450,438 sq. ft. in Q2 2019, driven by positive net absorption of 185,670 sq. ft. in the Downtown submarket.
The average direct asking lease rate increased to a record high of $28.43 per sq. ft. FSG, an increase of 2.8% year-over-year.
Direct vacancy in metro Denver decreased 168 bps year-over-year to 11.9%.
Investment activity in metro Denver totaled $710.3 million in Q2 2019. The largest individual trade of the quarter was the $127.3 million sale of 410 17th St in the Downtown submarket to Rialto Capital.