2021 Q4 Denver Industrial Market Report

Key Takeaways

• The market recorded record net absorption of 9.9 MSF during 2021.
• Asking rates continue to demonstrate steady growth, closing the year at $10.40/SF NNN; an increase of 8.4% year-over-year.
• Despite 3.4 MSF delivering this quarter, 8.4 MSF remained under construction at year’s end.
• Investment sales volume continues to surge, with a record $2.4B during 2021.