The retail product type for Denver Commercial Real Estate has performed better than expected. I wonder if there is some disconnect in the data from what I see as I drive around.
The office product type has been significantly impacted by the response to covid in Denver and throughout the country. Unfortunately, Denver hasn’t fared as well as other markets. We have seen six consecutive quarters of negative net absorption from a leasing standpoint.
I am surprised by what I am seeing in the retail product type for Denver Commercial Real Estate. Although there are struggles in retail they don’t seem as bad as what is happing in office. As I drive around Southlands Mall in SE Aurora it sure looks like they have lost occupancy. Let’s check it out some of the key metrics for retail.