The average asking lease rate increased to $29.05 per sq. ft. FSG, up 1.1% year-over-year.
Positive net absorption of 183,347 sq. ft. was recorded in H1 2019, an 88.1% increase over H2 2018.
Medical office projects underway in H1 2019 included Synergy Medical Center (90,000 sq. ft.) in Englewood, UC Health Cherry Creek (89,000 sq. ft.) in Denver, and Saint Joseph Medical Pavilion (70,000 sq. ft.) in Denver.
The largest medical office sale in H1 2019 was the $50.8 million sale of Fitzsimons Village medical office at 13100 E Colfax St, located on the University of Colorado Anschutz Medical Campus in Aurora.