Denver Retail MarketView Q3 2017
- The average direct asking lease rate increased to $18.97 per sq. ft. NNN in Q3 2017, up 4.4% from the previous quarter.
- Negative net absorption of 41,759 sq. ft. was recorded in Q3 2017, bringing year-to-date net absorption to negative 36,497 sq. ft.
- Nearly 1.4 million sq. ft. of retail space was under construction and 350,000 sq. ft. delivered in Q3 2017.
- Total sale transaction volume in Q3 2017 totaled $291.7 million, up 62.0% year-over-year.