Denver’s economy continues to make strong advancements as economic conditions strengthen across Metro Denver. The unemployment rate fell below 6% in the first quarter of 2014. Additionally, Metro GDP advanced 4.1% over the last 12 months, outpacing the national GDP of 2.8%. The growth of key industries such as trade, transportation and utilities, natural resources and the newly emerging cannabis market has strengthened demand of industrial properties in Metro Denver.
The manufacturing composite index for the Denver region improved from the negative eight reading in early 2013 to a positive five in February of 2014. Scores above zero are associated with an expanding manufacturing sector and healthy GDP growth, resulting in greater production from the manufacturing sector.
Source : Cushman & Wakefield