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Industrial Market Taking Off In Colorado Springs

COLORADO SPRINGS-The industrial market in Colorado Springs, much like its office market, is showing a great deal of improvement. According to a recent report, overall vacancy has dropped to 8%, representing the market's most notable improvement in four years.

By John Rebchook | Updated on January 24, 2006

(To read more on the industrial market, click here.)

COLORADO SPRINGS-Industrial absorption in the Colorado Springs showed its first healthy gain in four years, pushing its vacancy rate back into single digits, according to according to a recent report by Grubb & Ellis. The overall vacancy rate is now around 8%.

“After four years of anemic performance, speculative absorption made a healthy reappearance during 2005,” states the report. “The market’s overall absorption rate of 800,000 sf was boosted by 200,000 sf of owner-developed buildings.”

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