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2022 Q3 Denver Retail Market Report

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Shopping at a department store

Denver retail is set to finish the year strong as recovery turns into growth.

Key Takeaways

  • Net absorption was positive for the sixth consecutive quarter, recording over 310,000 SF 
  • Average asking rates surpassed pre-pandemic heights, closing at $18.48/SF on a triple net basis
  • Deliveries were slow, but the pipeline remains steady with 532,500 SF underway
  • Investment activity continues to accelerate, nearly reaching last year’s record volume figure in just three quarters

3rd Quarter Denver Retail Market Report

2022 Q3 Denver Retail Market Report

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Related Experts

Jay Landt



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


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



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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Alissa Lei Walin

Broker Associate


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Debbie Marker

Director of Marketing | Retail Division


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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