“As the metro area reaps the rewards from its dedication to improving our infrastructure,” Colliers notes, “the industrial sector has prospered, and is anticipated to remain strong, while solidifying its position as the major hub of the Rocky Mountain Region.”

DENVER—The industrial market here is on fire, and developers have launched a series of projects to satisfy the demand. DCT Industrial Trust, a Denver-based industrial real estate company, has already been quite active, and recently acquired 14.6 acres in the Northeast submarket for the development of DCT Summit Distribution Center, a 168,000 square foot distribution building.

DCT Industrial's Denver team worked with multiple sellers to assemble three land parcels near I-70 and Denver International Airport, providing the necessary space to develop a class A front-loading building.

“Denver's thriving economy and population growth has created one of the strongest distribution markets in the country, creating a greater need for more well-located, state-of-the-art distribution buildings,” says Mark Bowen, senior vice president, DCT Industrial. “DCT Summit Distribution Center is perfectly located to address this need, and is being developed to satisfy the requirements of today's sophisticated tenant.”

Developers delivered more than 1.85 million square feet of new industrial space in the second quarter alone, the most in 15 years, according to Colliers International. Furthermore, rental rates increased and tenants absorbed more than 1.1 million square feet of space. And with companies like Amazon and Wal-Mart considering expansions of their distribution presence, the future here looks even brighter.

“As the metro area reaps the rewards from its dedication to improving our infrastructure,” Colliers notes, “the industrial sector has prospered, and is anticipated to remain strong, while solidifying its position as the major hub of the Rocky Mountain Region.”