• Southeast Denver posted positive 11,501 sq. ft. of net absorption in Q4 2020, bringing annual net absorption to negative 279,000 sq. ft.
  • The average direct asking lease rate decreased $0.14 quarter-over-quarter to $27.15 per sq. ft. FSG.
  • Total vacancy decreased 79 bps from last quarter to 15.8%.
  • Sublease availability climbed to 1.7 million sq. ft.—a 123% increase from March 2020.
  • Nearly 884,000 sq. ft. was under construction at the end of 2020 with one building breaking ground in Q4 2020.