Denver’s retail vacancy drops to the lowest level since 2008
Retail vacancy for the Denver metro area fell to the lowest level since 2008 in Q3, accelerated by growing fitness businesses and fast-causal restaurants. Direct vacancy rate for Q3 stood at 7%, down 23 basis points from Q2 and down 43 basis points from Q3 2012. Average lease rates for Q3 came in at $15.60…