Colorado is second only to California in the size of its aerospace industry and real estate agents are working with companies looking for new buildings to make room as they continue to expand.
The growth of Colorado companies working in space is driving an increasing need for space on the ground to support operations taking place hundreds of miles above the Earth.
At least three aerospace companies recently moved into new spaces of 100,000 square feet and larger, Harbert said.said there are 290 aerospace companies in Colorado and more than 500 companies that provide space-related products and services. The analysis said employment in the sector grew 11.2% from 2019 to 2020 in the nine-county Denver area and northern Colorado and grew 30.1% from 2015 to 2020.
Colorado’s aerospace sector has been anchored by several large companies, such as Ball Aerospace. Lockheed Martin Space, Northrop Grumman, Raytheon, Sierra Space and United Launch Alliance. “We’ve also brought a lot of people to the state as well because it’s just a great place to be,” Wallinger said.
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