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Colorado Springs Industrial Figures H2 2021

09 feb. 2022

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  • Over 3.9 million sq. ft. of new industrial product was delivered in H2 2021. This number was largely driven by the completion of Amazon’s 3.7 million sq. ft. distribution and sorting facility at Peak Innovation Park. The project was completed in Q3 2021.
  • Amazon’s occupancy helped produce 3.8 million sq. ft. of net absorption in 2021, the highest total ever recorded in the Colorado Springs industrial market.
  • The average direct asking lease rate increased 5.9% year-over-year to $10.73 per sq. ft. triple net (NNN) in Q4 2021.
  • Total availability fell 119 bps year-over-year to 5.0% while direct vacancy dropped 40 bps to 4.1%.
  • Sales volume for H2 2021 exceeded $110.8 million, bringing yearly sales volume for 2021 to $149.7 million, a 33.3% increase year-over-year.