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Looking for new industrial construction? Head to the Central and I-70 / East submarkets

  • ​With no shortage of headlines, our industrial market has made major headway in attracting not only new companies servicing the Front Range, but also in catching the attention of investors looking to accommodate rapidly expanding businesses. In the second quarter alone, over 1.8 million square feet was added to inventory. Though 1.2 million square feet of that accounts for both build-to-suit and owner-user projects, the 600,000 square feet of spec development has almost 550,000 square feet available
  • When looking at the concentration of new construction, the Central and I-70 submarkets account for the majority of new projects. Of the 5.7 million square feet delivered or currently under construction, 4 million square feet are in these two submarkets. Historically, the Central market had one of the lowest vacancy rates coupled with the highest rental rates. And, the I-70 / East market was the hub for logistics and distribution. However, with the growing need for new space, the I-70 corridor from downtown to past the airport has grown exponentially.​
  • Click on the map to see more info on the new development cycle!

Source: JLL Research

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