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Denver’s Industrial Market Likely To Cool in 2024, but Upside Remains

Five Key Takeaways for the Market
Developers have undertaken larger industrial projects in the Denver area in recent years, such as the 4.4 million-square-foot Stafford Logistics Center in Aurora, Colorado, pictured. (CoStar)
Developers have undertaken larger industrial projects in the Denver area in recent years, such as the 4.4 million-square-foot Stafford Logistics Center in Aurora, Colorado, pictured. (CoStar)
CoStar Analytics
December 21, 2023 | 4:13 P.M.

If there’s one word that sums up the Denver industrial market in 2023, it would be “decelerating.” Leasing, rent growth and construction starts all lost steam around the mid-year mark as consumer confidence waned and the economy seemingly hurtled toward a recession.

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