February 2008

Denver Faring Better than Most Metro Commercial Markets

See the Business Section cover story from the Denver Post article Sunday February 1, 2009 ....at Edge Commercial Properties we maintain a positive attitude and outlook while also observing real data from the market place to reach conclusions about where the market is headed. Although there are some negative points to the Post article the theme is encouraging, Denver and Colorado generally are faring better than the rest of the country. Our vacancy rates for commercial space and delinquency rates on commercial notes are lower than the most of the country. For our clients in the Castle Rock market we have included a few recent stats from the CR commercial sub-market. In our office we have experienced more activity in January than we did all of 4th Quarter '08… 2009 may not be a banner year but we are encouraged by some early signs to start.

As of December 16, 2008 Avg
Castle Rock Vacancy Rates
INDUSTRIAL 7.4%
OFFICE 9.2%
RETAIL 4.9%

Avg Castle Rock Lease Rates
INDUSTRIAL $9.63 NNN
OFFICE $23.91 FSG
RETAIL $21.44 NNN

http://www.denverpost.com/businessheadlines/ci_11595663http://www.denverpost.com/businessheadlines/ci_11595663