419,516 sq. ft. of positive net absorption was recorded in Q2 2018, posting the 33rd straight quarter of positive net absorption.
The overall average asking lease rate rose to $8.14 per sq. ft. NNN—the highest rate ever recorded in metro Denver.
Year-to-date overall (investment and owner/user) sales volume totaled $762.6 million, up nearly 50% compared to the first half of last year.
The most notable investment sale transaction in Q2 2018 was JP Morgan’s acquisition of the 421,499-sq.-ft. Hub 25 Portfolio for $74.0 million or $175.56 per sq. ft.