Real Estate Data and Trends
Existing commercial real estate is available in the Town of Parker for most any endeavor. The Town of Parker's economy is continuing to improve from 4th quarter 2015 to 4th quarter 2016. Office space continues to be in short supply with little new product, yet in high demand with a 9.5% vacancy rate and rental rates in the low $20's. Retail expansion continues but is being absorbed as quickly as space is being built.
New and existing businesses still have plenty of opportunity for development and growth. Parker has approximately 850 acres of land for sale and available for development as well as 260,000 square feet of vacant commercial real estate.
Commercial Vacancy & Lease Rates by Property Type: 4th Quarter 2016