Figures | Future Cities

Northern Colorado Retail Figures H2 2022

February 8, 2023

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  • Overall sales volume for H2 2022 reached $161.7 million, considerably higher compared to the $42.7 million sales volume recorded a year earlier in H2 2021. Sales volume for 2022 totaled $288.6 million, an increase of 40.5% year-over-year.
  • Nearly 117,000 sq. ft. of positive net absorption was recorded in 2022, a 40.2% increase year-over-year
  • The average asking lease rate increased to $16.87 per sq. ft. NNN in H2 2022, up 3.5% from mid-year 2022.
  • Direct vacancy dropped to 4.2% through the second half of 2022, a 20-basis-point decrease year-over-year.
  • Nearly 278,900 sq. ft. of retail space was under construction at the end of 2022, up from just 37,000 sq. ft. underway one year ago.