• Positive net absorption of 39,570 sq. ft. was recorded in the second half of 2019, bringing the annual net absorption up to nearly 223,000 sq. ft.
  • The average asking lease rate for medical office space was $29.25 FSG in H2 2019, up 1.1% on the year.
  • As a result of new deliveries entering the market, overall availability for medical office space increased 70 bps year-over-year to 11.6%. 
  • Year-end 2019 investment sales volume for medical office buildings reached $203.3 million, averaging $256.59 per sq. ft. This is the highest annual sales volume ever recorded for Denver’s MOB market.