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denver warehouse

Denver industrial vacancy rate drops to 4.9%

denver industrial vacancy

Denver industrial vacancy rate drops to 4.9% in 1Q 2013, down from the previous quarter and down from last year. The average lease rates remained flat at $5.98 per square foot, flat from 4Q 2012 and 1Q 2012. This was the 12th consecutive quarter of positive absorption with 83,000 square feet leased. Class A warehouse/distribution space…