The metro area's class-A direct vacancy rate increased to 17.5% from 16.8%, while the class-B vacancy rate climbed to 15.5% from 14.5%. In addition, seven of the nine submarkets reported increased direct vacancy rates.
The Boulder County and Northwest submarkets both held steady at 25.7% and 24.7%, respectively and the CBD posted a slight increase at 10.2%, up from 10.1%.
The Aurora and Southwest submarkets posted the largest increases in direct vacancy, with Aurora's rate increasing to 19.7% from 17.3% and a spike to 14.7% from 12.4% in the Southwest. No submarkets enjoyed decreased direct vacancy.
The Boulder County submarket posted the highest direct vacancy rate at 25.7%, followed by Northwest at 24.7%. These submarkets also reported the highest overall vacancy rates with the Northwest at 38.1% and Boulder at 29.4%.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
