Denver Retail Figures Q1 2026

‒      The Denver retail market closed Q1 2026 with an availability rate of 5.1%, a 30-basis point increase quarter-over-quarter and nearly unchanged from 5.0% a year earlier.

‒      The total net sq. ft. absorbed in Q1 2026 was negative 295,000 sq. ft., a considerable decrease compared to the positive 274,000 sq. ft. of net absorption in Q4 2025, but consistent with Q1 2025's negative total.

‒      New completions totaled 26,000 sq. ft. in Q1 2026, down from 104,000 sq. ft. last quarter but on par with the 20,000 sq. ft. completed in Q1 2025.

‒      The overall average net asking rent was $20.70 per sq. ft. in Q1 2026, largely unchanged quarter-over-quarter and down $0.27 or 1.3% year-over-year.

‒      Retail investment sales in Q1 2026 amounted to $180 million in total volume, down only slightly compared to the $198 million transacted in Q1 2025.