Industrial space draws users’ interest

The outlook for industrial space in Northern Colorado during 2008 points toward continued interest, especially as metro Denver’s supply becomes scarcer, sending prospects northward, brokers in the region say.

Lease rates for warehouse space will hover in the $5- to $6-per-square-foot range, said Joe Palieri, whose investment in the abandoned Water Pik building in Loveland 18 months ago is continuing to bear fruit.

“As far as Water Pik goes, we seem to be doing very well, with Technology Driven Products in there now,´ said Palieri, a broker with Chrisland Inc. in Loveland. “We’re working with another tenant for a 40,000-square-foot piece, and…