After nearly three years of gravity-defying gains, industrial real estate professionals said they see a “calmer, more rational market” forming during Bisnow’s Denver Industrial Update event May 31.
Denver’s industrial market has been resilient in the face of significant economic pressures from issues ranging from supply chain disruptions to employment levels dropping off in trucking and manufacturing following the coronavirus pandemic. Despite these factors, construction activity in Denver’s industrial market has increased from around 7.4M SF in Q1 2021 to more than 9.2M SF in Q1 2023, according to figures from JLL.