The Denver commercial real estate market continued to improve in the third quarter, according to a Market Trends report by commercial real estate firm Newmark Knight Frank Frederick Ross (NKFFR).
The report is summarized in this article from the Denver Business Journal. As the article points out, all three submarkets (office, retail, and industrial) showed a year-to-date positive absorption, while two of the three had a slight decrease in year-over-year vacancy rates.
“Even in the face of all the economic uncertainty nationally as well as globally, we are seeing no signs that the momentum we have built in Denver over the past six quarters is slowing, let alone reversing,” Kevin McCabe, executive vice president, said in the report.
As you pursue a new lease or renegotiate your current lease, it's a good idea to be aware of market trends as well as the costs and terms of competing properties in your area. When you add in a highly-qualified, experienced tenant representative, you can achieve the best possible arrangement for your individual needs.
As Denver's Commercial Real Estate Leader, ProTenant is founded on exceptional service and results. We can help you strategize, develop, and implement long-term, comprehensive solutions for your business. With over 30 years experience representing the best interests of tenants, we provide commercial real estate services to our clients that are second to none in the industry.
Our allegiance is strictly to you, the user of real estate, and our aggressive negotiating strategies will significantly benefit your financial position. Contact us for more information about how we can assist with the negotiation, renewal or restructure of your lease.