Northern Colorado Retail Figures H2 2025

‒      Direct vacancy remained stable in H2 2025 at 3.1%, experiencing a 20-basis point (bps) increase since the previous half-year but decreasing 10 bps year-over-year.

‒      Net absorption in H2 2025 amounted to positive 23,000 sq. ft., bringing the annual total to positive 177,000 sq. ft. This was supported by several build-to-suits delivering as well as strong tenant demand and few new vacancies.

‒      The average direct asking rent remained stable compared to H1 2025 but declined moderately year-over-year to $16.60 per sq. ft. NNN.

‒      365,000 sq. ft. was under construction in H2 2025, consistent with H1 2025 and up from 151,000 sq. ft. at the end of 2024. The increase was largely driven by Bass Pro Shops breaking ground on its new location in Loveland in H1 2025.

‒      Overall sales volume in 2025 reached $336.2 million, which was 56.8% higher than 2024 activity.