A truck picks up a load at DIA. The next stop needs to happen on schedule, not after a detour into the city to find a warehouse. That sounds like a small thing until peak season hits, and every extra mile on the route turns into a cost nobody built into the quote.
Denver's industrial market is big enough to have options, but not every submarket fits every freight pattern — picking the wrong address costs as much as signing the wrong lease. This guide covers what's driving demand across Colorado, what warehouse space Denver actually costs, and where the flexible, month-to-month model shows up on the map — and where it doesn't.
CBRE's Denver Industrial Figures for Q2 2026 show direct vacancy at 8.3%, up 30 basis points quarter-over-quarter as tenants like BroadRange Logistics vacated space, while net absorption slowed to 55,000 sq ft — though rolling four-quarter absorption of 3.1 million sq ft still runs above last year's pace.
Leasing activity actually accelerated to 3.3 million sq ft, with most of it concentrated in the Airport submarket, the same submarket Aurora sits in. What market reports call a "tenant-favorable Denver industrial market" is describing the institutional tenants signing million-square-foot leases on traditional Colorado industrial real estate deals — not the smaller operator who needs a few thousand square feet on flexible terms.
CBRE's Q2 2026 U.S. Industrial & Logistics Market Report puts national industrial vacancy at 6.5%, down 20 basis points quarter over quarter — the first decline since Q2 2022, driven mainly by big-box demand and a slowdown in construction. But that headline number covers a split: limited new development and strong demand from small occupiers are keeping shallow-bay vacancy low and rents rising across major U.S. metros, even as big-box absorbs most of the reported gains.
Denver follows the same pattern: plenty of large blocks on paper, far less flexible, small-format warehouse for rent inventory actually available. That's the gap a right-sized, month-to-month warehouse in Denver is built to fill — one an operator can actually book, and it's the same gap behind most warehouse for lease Denver inquiries that stall out on a broker's waitlist.
A standard industrial lease in Denver runs three to seven years, NNN, negotiated through a broker, sized to whatever the landlord already built. That works fine for a manufacturer with a fixed footprint and a ten-year horizon.
It works less well for an e-commerce seller whose inventory swings with the season, or a contractor storing equipment between job sites that don't run on five-year timelines. A Denver industrial space for lease listing and a co-warehousing option are two different products, built around different minimum terms, different minimum sizes, and a different level of service.
Flexible warehouse space works differently. There's no broker in the process — a company tours the facility, confirms the specs, and signs directly. A month-to-month lease means space can scale up or down as volume changes, subject to what's open at the site, and truck yard parking is typically priced separately from warehouse or industrial office space square footage. That's the model behind the four brands running co-warehousing in Denver — Saltbox, WareSpace, ReadySpaces, and FlexEtc — and it's the same model Cubework runs at its Aurora facility.
All four of those brands cluster in either Park Hill or Centennial/Englewood. The real difference between them and Cubework's Aurora facility is where each option actually sits — more on that below.
Aurora and downtown Denver get grouped together under the same "Denver warehouse" label, though they sit in different parts of the metro. Aurora is on the east side, right next to DIA — a real drive from the city center.
That geography isn't a limitation here, it's the differentiator: every one of the four co-warehousing brands operating in Denver clusters somewhere else. All four brands cluster on the metro's north side in Park Hill or Globeville, or on the south side in Centennial and Englewood. None of them has a site in Aurora, or anywhere else on the metro's east side.
That doesn't mean Aurora lacks industrial supply — LoopNet alone lists dozens of warehouse listings in Aurora, and even Prologis has buildings there. The gap isn't in supply. It's in where the flexible, month-to-month model shows up. For an operator whose freight runs through DIA regularly, that geography decides how many extra minutes get added to every trip — the space itself is already there.
The same pattern shows up around the rest of the metro: Thornton warehouse listings, Commerce City warehouse listings, and Northglenn warehouse listings are all scattered industrial inventory north of the city, none of it organized around a flexible, month-to-month model the way Park Hill and Centennial are. For an operator mapping out the whole metro, that's worth knowing going in: the flexible model has a handful of real addresses, concentrated in just two neighborhoods.
Warehousing Colorado spans several distinct markets, each running on a different set of drivers depending on where along the Front Range you're looking.
Matthews' Colorado Springs Industrial Market Report — the most recent available, covering Q1 2026 and sourced from CoStar Group — puts industrial vacancy at 5.7%, up from 5.2% a year earlier, while rents have climbed roughly 14% year over year.
Demand for Colorado Springs warehouse space comes from defense contractors — the Air Force Academy, Fort Carson, Space Force installations — and advanced manufacturing, not general distribution. It's a smaller market moving on a different set of drivers than Denver's, and a Colorado distribution center strategy built around Denver alone would miss what's actually happening well south of the metro.
CBRE's Northern Colorado Industrial Figures for H1 2026 show net absorption of 189,000 sq ft once a single large e-commerce facility that took three years to build is excluded — up 26.3% from H2 2025, though still 7.3% below the same period a year earlier. Include that one project and the headline absorption number looks stronger, but CBRE's own report attributes two-thirds of the half-year's 90-basis-point vacancy drop to that same delivery — a single building that added roughly 10% to the market's entire inventory, which is the clearest measure of how small Northern Colorado is. Average asking rent held near its three-year historical average of $11.81 per sq ft NNN, with roughly 80,000 sq ft under construction. It's a much smaller market than Denver metro, and a tighter one on the numbers that aren't skewed by one building — which still means less room for a first-time tenant sizing up options here.
I-25 runs the length of Colorado, connecting Fort Collins, Denver/Aurora, and Colorado Springs into a single corridor. For an operator whose freight moves along that line, what matters is whether there's a node on the route that actually works, regardless of which single city gets the attention. Cubework currently operates only in Aurora. This section is market context for understanding the corridor — whether an Aurora node fits an operation running heavily toward Colorado Springs or Fort Collins depends on the actual route. Operators running freight further along I-70 toward the Midwest may find Cubework's Missouri guide useful for the next leg.
CBRE's Q2 2026 data shows average asking rents in Denver up 1.8% year over year — but that's still a traditional NNN quote, meaning base rent plus a separate share of property taxes, insurance, and common-area maintenance, locked in for the full lease term regardless of how much space actually gets used.
That structure makes sense for a large distribution center running near full capacity year-round. It's a harder fit for an operator whose space needs shrink and grow with a contract or a season, and it's why a Denver industrial space for lease listing on a brokerage site so often ends at a bare quote request with no real number attached.
Cubework's Aurora facility sits at 2470 Airport Blvd, Aurora, CO 80011 — an active, built facility, currently in operation. The building runs 67,644 sq ft, built in 2004, reinforced concrete construction, on 16.83 acres. It has 18 exterior dock-high doors, 30-foot clear height, LED lighting, M-2 zoning, and standard HVAC and fire systems. Warehouse space is divisible from 300 to 65,424 sq ft; industrial office space from 150 to 2,200 sq ft, and truck parking for staging is available on-site, subject to current availability. Tenants use it as warehouse, as flex space, or as both — the split depends on how much office they need.
For a 3PL or freight forwarder running DIA-adjacent transfers, that combination — dock access, divisible space, and terms that scale with volume — is exactly what's missing on this side of the metro. Within the Aurora warehouse space category specifically, this is currently the only facility running the flexible, month-to-month model here.
Road access: about a mile north to I-70, roughly five miles east to E-470, about three miles west to I-225 — a short drive from DIA. The terms match the rest of the Denver co-warehousing market — month-to-month lease, no broker, 24/7 access. What changes is which side of the metro a tenant is actually driving to.
East-Side Freight, North-Side Warehouse
The problem: An illustrative 3PL running freight transfers near DIA was operating out of a warehouse on the metro's north side, adding a detour to every run back toward the airport. The lease was signed for a fixed term, but volume never reached the level the contract assumed — leaving both the extra mileage and the unused space as costs that never made it into the original quote.
What happened: The 3PL moved into a month-to-month space in Aurora, directly on the freight corridor near the airport. The detour disappeared, and the lease shifted to a month-to-month structure that could shrink when volume dipped, without carrying a fixed term regardless of demand.
One Dock, Three Job Sites
The problem: An illustrative contractor running material staging for multiple job sites out of one fixed warehouse kept hitting the same bottleneck: inventory for one site sat blocking the dock while another site's crew waited on a delivery that couldn't get loaded. The space was sized for a single project's volume, not three overlapping ones.
What happened: The contractor shifted staging into a flexible space sized to the current mix of active jobs, with material for each site kept separate and pulled on its own schedule. As two of the three projects closed out, the footprint shrank back down instead of sitting half-empty on a fixed lease.
3PLs and freight forwarders running transfers near DIA are the most direct fit — anyone who needs fast in-and-out access and dock turnaround without adding a detour to the north or south side of the metro just to save on rent. A regional Colorado distribution center strategy that leans on Aurora for the DIA-adjacent leg while keeping other nodes elsewhere in the state is a common pattern here.
Construction and trades contractors moving between job sites fit just as well, since material staging windows rarely line up with any single job's timeline, and a month-to-month agreement doesn't force a mismatch between the lease and the work. E-commerce and regional distribution operators are another clear match — anyone managing seasonal inventory swings, or testing the Colorado market before committing capital to a longer lease. For companies that already operate in other states and are expanding a multi-state account, an Aurora node plugs directly into an existing account structure — one of Cubework's 19 states, ready to add without a separate vendor setup. Companies already running a node in Arizona or elsewhere in the Mountain West can extend that same account into Aurora.
What institutional market reports don't show is the cost that shows up after the rate quote. Most traditional industrial deals in Denver route through a broker on each side, which adds time before a lease is even signed and folds a commission into the deal — negotiating terms, going back and forth, none of it typically counted into the per-square-foot number reported for warehouses for lease in any Colorado submarket. Skipping that step — touring a facility, confirming specs, signing directly — is usually the shorter path to move-in, and a separate lever from the month-to-month terms themselves.
The other cost that gets missed is the gap between an address on a map and the actual drive. A facility that looks like it's "in Denver" can still add twenty minutes to a trip to the airport or a major corridor. Choosing a location by city name alone, without checking the actual drive, is the piece a market report skips — and the one that hits the operating budget hardest.
Is Aurora considered part of Denver warehouse space?
Aurora is its own city within the Denver metro region, not part of downtown Denver — a distinction that's easy to miss since both fall under the same "Denver warehouse" or "warehouse space Denver" label.
What does warehouse space cost near Denver?
CBRE's Q2 2026 data shows Denver asking rents up 1.8% year over year, with traditional NNN leases adding separate charges for taxes, insurance, and maintenance on top of that base rate. Flexible space is typically quoted as an all-inclusive rate instead, in contrast to a Denver industrial space for lease listing or a direct co-warehousing site quoted on a per-square-foot basis.
Do I need a broker to lease warehouse space in Aurora?
No. Cubework's model skips the broker step — tour the facility, confirm the specs, sign directly.
What's the minimum lease term?
Terms run month to month, with no multi-year commitment required — a direct contrast to the three-to-seven-year NNN terms typical of a traditional warehouse for lease Denver agreement.
Is there truck or outdoor parking at the Aurora facility?
Truck yard parking and dock access are available, subject to current availability — confirm what's open at the time of inquiry.
Is the Aurora facility accessible 24/7?
Yes, 24/7 access is standard for Cubework tenants — relevant for early-morning pickups or late cross-dock schedules tied to airport freight timing.
Are there flexible warehouse options near Colorado Springs or Fort Collins?
Cubework currently operates only in Aurora within Colorado. Colorado Springs warehouse demand and Fort Collins industrial activity are driven by different factors than Denver's, and neither market currently has a Cubework facility — whether an Aurora node works for freight concentrated in either area depends on the actual route.
Denver's industrial vacancy is tightening, and small-bay space is filling faster than big-box. If your freight routes through the DIA corridor, contact Cubework to check current availability at the Aurora facility. For a broader view of how Colorado fits into a national footprint, see Cubework's guide to the best warehouse locations in the US.
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