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Market Report

Denver Industrial Investment Forecast

2022 Outlook

Distributors Increasingly View Denver Footprints as Vital to Supporting Local and Regional Consumer Bases

Demand for space outpacing record supply growth. Home to the nation's fifth highest median household income and above-average resident growth Denver is a critical locale for retailers logistics providers and suppliers. Many of these companies brought goods closer to local population centers in 2021 by committing to additional square footage supporting a record year for absorption. Expansions by Amazon Aspen Distribution Planterra Foods and FedEx highlighted recent leasing activity with these firms inking agreements for a combined 2.6 million square feet of space. Additional companies are entering the metro with the goal of better serving other Colorado markets and neighboring states. This combined demand has pushed development activity to a record level; most construction however is near Denver International Airport minimizing the impact of supply additions on overall vacancy which is projected to tighten this year.

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