In the Denver area, shopping centers are frequently changing hands , new construction or redevelopment projects are emerging and restaurant owners continue to grapple with rising costs.
However, within the broader commercial real estate landscape, Denver’s industrial market has picked up speed.
After a brief slowdown last quarter, recent third-quarter reports from national real estate companies CBRE and JLL stated more than 2 million square feet of warehouse and industrial space was leased in the third quarter, driven by major tenant deals and a growing demand for custom-built industrial facilities. However, the amount of industrial space under construction is the lowest it has been in a decade.
At the same time, innovative opportunities for single-tenant warehouse spaces are emergi