Blue West Resources

Denver’s retail market has staged a quiet, yet strong comeback, giving the sector runway to withstand a potential slowdown in the year ahead. Contributing to this comeback was the significant lift in consumer spending coming out of the pandemic. Denver’s retailers now have a fresh set of headwinds to contend with in 2023.

Trailing 12-month absorption totals 990,000 square feet, a sharp rebound after 850,000 square feet was vacated in 2020. Asking rents are on the rise, increasing by 3.6% year-over-year.

Trailing 12-month absorption totals 930,000 square feet, a sharp rebound after 850,000 square feet was vacated in 2020. Asking rents are on the rise, increasing by 3.4% year-over-year.