Denver, CO Industrial Market Report Q1 2026

Denver's Q1 2026 industrial market experienced an 88% year-over-year surge in sales volume to $348.0M, with pricing rising 3.2% despite vacancy increasing from 8.1% to 9.1% and asking rents declining 2% to $11.41 per square foot. Construction starts rose to 774,867 square feet while space under construction declined to 1.57 million square feet, leasing months increased to 6.6 from 5.3 months, and time on market extended to 7.2 months, reflecting a market transition toward tenant-favorable conditions and more disciplined development activity.