• Metro Denver posted 84,706 sq. ft. of  negative net absorption in Q2 2020—the first time in 13 quarters the market has seen negative absorption activity.
  • The average direct asking lease rate remained stable at $28.81 per sq. ft. FSG.
  • Total vacancy increased 55 bps quarter-over-quarter to 13.6%.
  • Sublease availability increased 33.3% quarter-over-quarter to 3.4 million sq. ft. This uptick drove total availability to 17.8%, a 91 bps increase from last quarter.
  • The total construction volume reached 3.7 million sq. ft., up 49.8% year-over-year.