• Positive net absorption of almost 63,000 sq. ft. was posted in Q1 2020, down significantly quarter-over-quarter.
  • Direct vacancy held steady year-over-year at 6.6%, down only 8 bps.
  • The average direct asking lease rate reached $19.92 per sq. ft. NNN, up $0.32 (1.6%) year-over-year.
  • Metro Denver’s retail construction pipeline remained strong with over 1.2 million sq. ft. underway in Q1 2020, steady on the year.
  • Quarterly investment sales priced $3.0 million and greater totaled nearly $135.0 million, up 15.6% year-over-year.