Denver Retail Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from Matthews, Colliers, CBRE, JLL
Quarterly retail market indicators for Denver, aggregated by CREhunt from Matthews, Colliers, CBRE, JLL. As of Q1 2026, average asking rent was $27.57/SF/yr and vacancy was 4.4%, per Matthews.
Projected current retail pricing — Denver
Projected asking rent
$20.70/SF/yr
Estimated sale value
$185–$233/SF
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 CBRE data (cap rate 6.7%, asking rent held flat). Assumes ~92% occupancy (vacancy not reported) and a 65–82% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 Matthews | $27.57/SF/yr | 4.4% | — | — | Matthews |
| Q1 2026 Colliers | $16.87/SF/yr | 6.5% | 395K SF | — | Colliers |
| Q1 2026 CBRE | $20.70/SF/yr | — | — | — | CBRE |
| Q4 2025 Matthews | $27.08/SF/yr | 4.2% | 331K SF | — | Matthews |
| Q4 2025 CBRE | — | — | — | — | CBRE |
| Q2 2025 Matthews | $26.53/SF/yr | 4.3% | — | — | Matthews |
| Q2 2025 JLL | $26.54/SF/yr | 4.3% | -380K SF | — | JLL |
| Q1 2021 Colliers | $24.10/SF/yr | 4.6% | 61K SF | — | Colliers |
| Q2 2019 Colliers | $16.87/SF/yr | 6.5% | -7K SF | — | Colliers |
| Q3 2017 Colliers | — | 0.6% | 730K SF | — | Colliers |
Frequently asked questions
- What is the average asking rent for retail space in Denver?
- As of Q1 2026, the average asking rent for retail space in Denver was $27.57/SF/yr, per Matthews.
- What is the retail vacancy rate in Denver?
- The retail vacancy rate in Denver was 4.4% as of Q1 2026 (Matthews).
- Where does CREhunt's Denver market data come from?
- This report aggregates quarterly retail market data for Denver from Matthews, Colliers, CBRE, JLL.
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