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| Krystal Arceneaux |
DENVER, CO – Demand for industrial space drove 2022 lease activity for Denver-based EverWest Real Estate Investors (“EverWest”).
Of the company’s almost 2 million square feet leased during the past 12 months, industrial deals made up 80 percent of all leases signed.
EverWest leased 1,989,719 square feet in 2022. More than 1.73 million square
feet of this space came from new lease activity – with more than 1.56 million
square feet of that space falling in the industrial lease category.
“Markets close to ports on the East and West coasts – like Los Angeles and
Miami – and markets able to offer an inland port scenario with expansive
workforces – like Nashville and Phoenix – took down a significant portion of
our signed lease commitments this year,” said EverWest Senior Managing Director
and Head of Asset Management Krystal Arceneaux.
“In each of these scenarios, EverWest’s portfolio of well-located, institutionally managed properties aligned with the needs of today’s modern users, particularly in the warehouse and distribution logistics sectors.”
“Most companies in 2022 were on a fast-track schedule to meet pressing needs correlating with inflationary and economic factors, however most projections would suggest a slowdown in demand for all product types in 2023,” said Arceneaux.
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Stacey Hershauer
focusAZ
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