Regions West | Denver
June 27, 2008
According to a second quarter report by Marcus & Millichap, the retail market in Denver is on track to maintain its healthy fundamentals this year, despite the nation's souring economy. Strong demographic trends and weakening supply-side pressure are expected to sustain the city's retail real estate sector. According to the report, employers will create an anticipated total of approximately 1,300 new jobs and developers are on target to add 2.5 million square feet to the city's metropolitan inventory. Additionally, the firm predicts an average 1.6 percent increase in asking rents, and a vacancy rate of just 8.1 percent by year's end
According to a second quarter report by Marcus & Millichap, the retail market in Denver is on track to maintain its healthy fundamentals this year, despite the nation's souring economy. Strong demographic trends and weakening supply-side pressure are expected to sustain the city's retail real estate sector. According to the report, employers will create an anticipated total of approximately 1,300 new jobs and developers are on target to add 2.5 million square feet to the city's metropolitan inventory. Additionally, the firm predicts an average 1.6 percent increase in asking rents, and a vacancy rate of just 8.1 percent by year's end
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