Presented By: Brian Wilkes

Adams CountyCommercial Real Estate Outlook

Client LogoGoes Here

Denver Economy

• Diverse Economy• Population Growth• Light Rail/Transit

3

Denver Economy

Metro Indicators: Office

4

Denver Economy

Metro Indicators: Retail

5

Denver Economy

Metro Indicators: Industrial

6

Denver Economy

Capital Markets

CAP Rates

Adams County

8

Adams County

9

Adams County

10

Adams County

Market Trends

11

Adams County

Market Trends

12

Adams County

Business Activity

• Manufacturing

• Trucking/3PL

• Food/Manufacturing/ Distribution

• Construction/Building Materials

• Oil/Gas Service Companies

13

Adams County

• Speculative Development

– Majestic Commerce Center: 500,000 SF

– Gateway Park: 348,000

• Industrial Land Sale Activity

Market Trends

14

Adams County

• Speculative Development Size Range

• Need For Mid-Range User Building

• Construction Costs vs. Rental Rates

Current Construction Dilemma

Marijuana Effect

16

Marijuana Effect

17

Marijuana Effect

• Estimated 4 Million SF Currently Leased To Grow Operations

• B-/C Class• Increase/Double $/SF• Increased Lease Rates• Drive Traditional User To Periphery Markets• Ancillary Business Opportunities

Forecast

19

Forecast

• Vacancy Rates Will Continue To Set New Records

• Lease Rates and $/SF Continue Their Upward Trend

• Conservative Delivery of Spec Development

• Investor Demand Will Stay Strong

• Bullish on Adams County Industrial