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Industrial Market Struggling for Foothold

DENVER-The city's 189.2-million-sf industrial market posts a 9.5% vacancy at the end of 2005. One report notes that economic growth will come from small business in slight increments, leading to an eventual but very gradual improvement.

By John Rebchook | Updated on January 26, 2006

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

DENVER-The metro-area industrial market, unlike the local office and retail markets, is still bouncing along the bottom, according to a recent MarketScope report by the Trammell Crow Co. And the industrial market isn’t poised to skyrocket anytime soon. Rather, Trammell Crow predicts it will be a slow recovery.

One reason is because Denver is not home to a high concentration of headquarters, so “the blockbuster corporate relocation providing a quick jolt to the job market is a long shot at best,” the report notes. Although that may seem to apply more to the office market than the industrial market, the report goes to say that the city also is “not high on the list of major distributors. Economic growth will instead come from small business in slight increments over time, leading to an eventual but very gradual improvement in the industrial sector.”

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