The document summarizes the Denver industrial real estate market in 2009 and provides predictions for 2010. It discusses that the Denver market had over 224 million square feet of industrial space, making it the 22nd largest market. While absorption was negative in 2009, vacancy grew at a slower rate than other markets like Phoenix and Vegas. It predicts that 2010 will see downward pressure on pricing, a flight to quality space, and vacancy remaining elevated but absorption becoming positive.