• Speculative construction has not kept pace with mounting demand from users such as distributors, construction users, aerospace companies and high tech manufacturers in Colorado Springs.
  • If listed industrial space is adjusted for obsolescence then vacancy drops from 10.0% to 3.9%, indicating a very tight market.
  • Industrial space that have the highest demand include those ranging from 10,000 to 50,000 sq. ft. with 20' and higher clear heights, and located in the East, Southeast and West submarkets.
  • Comparatively, Denver has seen much speculative construction this cycle while also having similar construction costs and higher average land costs.