• Direct vacancy reached 4.7%, down 40 basis points year-over-year.
  • The average direct asking lease rate in H2 2019 decreased slightly from H1 2019 to $10.02 per sq. ft. triple net, up $0.88 from H2 2018.
  • Annual positive net absorption of 547,042 sq. ft. was posted in 2019—the highest total over the past seven years.
  • Industrial space under construction reached 329,738 sq. ft. at year-end 2019, down 6.7% year-over-year.
  • The Northern Colorado industrial market posted a record-setting sales volume of over $121.8 million in 2019, a 17.7% increase over 2018.