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Boulder Retail Market Update

Boulder Retail Market Update

Thanks for reading this. I hope you find the information contained in this email valuable, interesting and useful.  Boulder’s commercial real estate market is a tornado of information, investments, insights, individuals, industry lingo and, unfortunately, inaccuracies. Market Real Estate is here to peel away the nonsense and help you understand the truth of what’s happening out there. So grab your coffee and enjoy some bite size market updates from the last quarter.

– Nate

You and Mee Noodle House relocated from the Hill to Diagonal Plaza.
// 2,654 SF at 2850 Iris Ave, Suite D

Efrain’s Mexican Restaurant leased the former Shine space in The Village Shopping Center.
// 2,088 SF at 2480 Canyon Blvd, Suite M1

A Nike store will take over the former H&M space at 29th Street Mall.
// 1710 29th Street

Arc’teryx leased the former Emmerson restaurant space at 1600 Pearl Street, 5,196 SF. They plan to open next spring.
// 5,196 SF at 1600 Pearl Street
Read more here

Amante Coffee will be closing its location at 2850 Baseline Road. The space is being marketed at $40 NNN.
// 1,980 SF

Daikon Bahn Mi Shop vacated 919 Pearl Street in late September.
// 2,727 SF

North Face will be vacating its Pearl Street location at 1129 Pearl Street. The space is being marketed at $39 NNN.
// 6,110 SF

To take a look at any of these spaces contact Nate Litsey.

July-To-Date

Boulder County Market Data

Current Vacancy rate

7.6%

12-Month Rent Growth

2.5%

Average Market Rent (Gross)

$25.47 / SF

*per CoStar Group Boulder Submarket Report, October 1, 2021

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