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2019 Q3 Denver Industrial Market Report

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Highlighted Trends

  • Strong demand continued to apply upward pressure on lease rates, as the average NNN rate finished the quarter at $9.45, a 3.8% increase over last quarter.
  • Sealy Mattress signed the biggest lease of the year to date, taking 289,113 SF at Tower Business Center.
  • Indeed’s October salary report indicates that the average warehouse workers wage is $14.71/hour, 16% higher than the national average and that employees have averaged $5,000/yr. in overtime pay.

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2019 Q3 Denver Industrial Market Report

Download Report