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Denver has great fundamentals but is relatively full. The true story, as it relates to industrial, is a lot of stock was sucked up by marry jane users. The resultant was less availability (due to new tenant base, obvi) and jacked rents (MJ users pay above market). It is deeper than that but a consideration.

SLC/Utah County are neat. Friendly business environment, strong infrastructure investment (private/public partnerships) and population growth. Not to mention the Mormons are less and less influential as time goes on (important). Silicon Slopes office / flex market is great, The issue there is your exit. These deals will stay occupied forever but it's tough to lure investors there (kind of important)

SD just doesn't "get it"... The absence of a true CBD (not relation to the MJ mentioned above) is a challenge. Their attempt at increasing public transit range is misplaced.

Vegas is getting interesting. Lots of developers got smoked there but seemingly the lesson has been learned this cycle.

Portland is basically primary at this point... no?

 

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