Denver Industrial Market Report

Large occupiers help cushion leasing headwinds. Industrial leasing activity has slowed in 2025 amid elevated economic uncertainty. Commitments were inked for a total of just under 4 million square feet through midyear — down roughly 30 percent from the prior six months — as demand for larger-format space softened. Many firms are scaling back expansion plans, including Amprius Technologies, which put a 774,000-square-foot facility in Brighton back on the market after signing a lease in 2024. While caution may weigh on absorption in the near term, completions are projected to fall to their lowest annual total in over a decade, easing supply-side pressures. Moreover, the metro’s affluent consumer base and expanding tech ecosystem should continue to attract retail- and tech-related distributors, as evidenced by recent commitments from T.J. Maxx and Sonepar.