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Industrial Market Slows, But No Worries Yet

DENVER-The vacancy rate rises to 7.66% in the first half of the year, compared with about a 20-year low of 5.44% at the end of 2000. For sellers, cap rate ranges have risen from 8.5% to 9.55% to 9.5% to 10.5%.

By John Rebchook | Updated on August 22, 2001

DENVER-After 10 consecutive years of growth, the Denver industrial market has experienced the first significant cooling off period in the first half of 2001, shows a report by Jeff Roemer and R.C. Myles, industrial brokers with Fuller and Co. The vacancy rate, when subleased space is included, rose to 7.66% in the first half of the year, compared with about a 20-year low of 5.44% at the end of 2000.

That is the highest vacancy rate since 1990, when it stood at 8.43%.

When subleased space is removed, the vacancy rate drops by about a percentage point.

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