Colorado Springs continues to thrive and new developments are taking place all across the city. Major corporations, investors and retailers are expanding into our market creating strong demand and putting downward pressure on vacancies for the retail and industrial sectors. Consumer spending in the market is booming leading to the increased need for distribution centers and record setting retail sales for brick-and-mortar stores. Colorado Springs has faired better than most during the pandemic and leasing activity in the last year is almost back to pre-pandemic levels. The following market reports are provided by CoStar Group 2022.