Q4 2017 Office Vacancies Rise, Industrial Holds

Denver Office Vacancy Rate

CoStar reports that Denver Office vacancies rose slightly in the 4th quarter to 10.5%, up from 10.3% the previous quarter and matching the same percentage from Q2 at 10.5%. Rental rates averaged $26.32 per square foot per year at the end of Q4 in Denver.

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Denver Industrial Vacancy Rate

According to CoStar, rates in the Denver industrial market remained unchanged at 4.4% and has been steady throughout the year. The average rental rate was $9.12 per square foot per year at the end of Q4 in Denver. This represents an 8.1% increase from the 3rd quarter when rents were at $8.44.

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