You are here

Home 🌿 Marijuana Business News 🌿 Pot grows playing pivotal role in tight Denver industrial real estate market 🌿

Pot grows playing pivotal role in tight Denver industrial real estate market

Warning message

The subscription service is currently unavailable. Please try again later.
Submitted by Marijuana News on Wed, 05/20/2015 - 08:00

Job growth and pot growth are fueling record high lease rates and low vacancies in Denver’s industrial real estate market.

“Competition for industrial space in the Denver market is very aggressive,” said Dawn McCombs, senior vice president and industrial specialist at the Denver office of brokerage Avison Young. “The lack of quality options for tenants is driving rental rates higher than I have ever seen.”

Avison Young’s market report released this week shows that first-quarter lease rates averaged $7.47 per square foot, up 10 percent from a year earlier and the highest ever recorded for metro Denver.

Part of the market surge is tied directly to legal marijuana. Pot growers and manufacturers of cannabis-infused edibles have generated insatiable demand for warehouse space.

Commercial real estate tracker Xceligent Inc. last year estimated that marijuana cultivation and manufacturing facilities in...

Rate this article: 
Region: 
Colorado

This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.


URL: 
http://www.denverpost.com/marijuana/ci_28126434?source=rss

420 Intel is Your Source for Marijuana News

420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.

420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.

Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.

You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.