Denver Retail Figures Q4 2025

‒      The Denver retail market closed Q4 2025 with an availability rate of 4.9%, a slight 10 basis point decrease quarter-over-quarter and nearly unchanged year-over-year.

‒      The total retail sq. ft. absorbed in Q4 2025 was positive 276,000 sq. ft., a considerable increase compared to the negative 266,000 sq. ft. of net absorption in Q3 2025, but remaining consistent with Q2 2025. Retail net absorption increased year-over-year from negative 64,000 sq. ft. of absorption in Q4 2024.

‒      There was 94,000 sq. ft. that delivered in Q4 2025, bringing the total over the past four quarters to 273,000 sq. ft. of new construction completions.

‒      The overall average net asking rent ended Q4 2025 at $20.85, which was up $0.29 from Q3 2025 and up $0.84 year-over-year. Q1 and Q2 marked the highest average asking rent in the past five years, with this quarter being more consistent with the trend of gradual increases seen since the end of 2024.

‒      Retail investment sales in Q4 2025 amounted to $236.0 million in total volume, compared to $186.8 million in Q3 2025.