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2022 Q2 Denver Retail Market Report

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Shopping at a department store

The table is set for a strong second half for the Denver retail market.

Key Takeaways

  • Net absorption returned to negative territory for the first time in five quarters at -58,948 SF
  • Average asking rates surpassed pre-pandemic heights, closing at $18.32/SF on a triple net basis
  • Deliveries were slow, but the pipeline grew for the third consecutive quarter with 569,980 SF under construction at quarter’s end
  • Investment activity continues to accelerate, nearing the $1.0B mark at the mid-year point

2Q 2022 Retail Market Report

2022 Q2 Denver Retail Market Report

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Related Experts

Jay Landt

Principal

Denver

As a Principal and Senior Vice President of the Colliers International Retail Services Team I bring over 14 years of experience in the real estate industry. I specialize in Tenant Representation, Landlord Representation, and New Retail Development.

I work with tenants on the local, regional and national levels. I am currently representing Sola Salons on a national level and have been a key component in growing their stores to over 400 units across the United States.

During my off-time, I enjoy the Colorado lifestyle to the fullest! I enjoy skiing, hiking, fly fishing and tubing down the Platte River.

 

2011 – Present, Colliers International

2003 – 2011, David Hicks Lampert

1992 – 2003, Stewarts Beverages

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Lisa Vela

Vice President

Denver

As a Vice President for the Colliers International Retail Services Team, I specialize in landlord and tenant representation throughout the Colorado region.   

Throughout my 10+ years in brokerage, I have developed considerable market knowledge. This has enabled me to drive business growth and capitalize on new revenue potential. I have been able to assist my clients successfully in the strategic repositioning and growth of their respective businesses.

During my tenure, I spent 5 years as the co-chair for the Colliers International Retail New Generation Group which focuses on the education and enhancement of new retail brokers within Colliers International. I then spent the next 3 years as co-chair for the Colliers International Landlord Group. 

During my downtime, I enjoy all that Colorado has to offer. From hiking/skiing to the theater and arts. I take full advantage of everything Colorado has to offer! On the weekends you will find me spending time in the outdoors with my two dogs: Abby & Ernie.

 

2007 – Present, Colliers International

2005 – 2006, CB Richard Ellis

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Lance Eberhard

Broker

Denver

Lance began his commercial broker career in 2016. After a two year period at DePaul Real Estate, he joined the Colliers Retail Team. During his time at Colliers, he has obtained a transaction value in excess of $82,000,000 across 175+ leasing/sales transactions and has received most recently the CoStar Power Broker Quarterly Deals in Q1 of 2022.

Outside of work Lance enjoys spending time with his family, fiancé, camping/hiking in the mountains, and occasionally playing a round of golf, or two.

  

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Debbie Marker

Director of Marketing | Retail Division

Denver

As a Marketing Director, I support the retail commercial real estate brokers in their day-to-day brokerage business including; proposals, contracts, lease administration, research, document creation, analytical research, marketing, and correspondence. I serve as the key liaison for the brokers and the online database companies that market properties.

I provide my team with up to the minute information on changes in the market so that they are fully informed on strategies for their clients. I provide detailed demographic information and analysis as well as extensive aerial imagery in order to stay current in the ever-changing real estate environment.

After over a decade of working in the administrative industry, I am still learning new methods to improve processes and find unique and inventive ways to acquire information, streamline processes and help my team continue to be the front runners in the retail real estate industry.

2010 – Present: Colliers International

2007 – 2009: Lockton Companies, LLC.

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