New industrial space coming online in 2017

Majestic Realty Co. will break ground on Colorado’s largest-ever “single-phase” industrial development, 834,580 square feet in three buildings according to a recent article in Denver Business journal.     With the market’s need for industrial space, this addition is a welcome  move.

The industrial sector hit record-low vacancies the end of 2015 and early 2016  and has fluctuated around 4 percent for over a year.  An influx of food manufacturers needing warehouse space, retailers creating distribution hubs and advanced manufacturing companies looking places to build groundbreaking new technology.

All this activity has resulted in a 17 percent year-over-year increase in the average rent charged for industrial space in metro Denver.

It’s a good thing new industrial space is coming on board.   Industrial brokers in the city, concur that a  lack of industrial space can hurt economic development efforts.

Are you looking for industrial space or any other type of space to lease?   Call the “WINning Real Estate Solutions” team, we will help you find the perfect space for your business.

Tony Hemminger- CCIM, John Jumonville, Charlie Perry and Matt Ritter at 720-344-1174

 

Western Investor Network, LLC (WIN) is a true boutique Real Estate Brokerage firm founded on the solid principle of honesty, integrity and hard work.