Report | Denver Office Insight - Q4 2015
Denver’s economic shift away from the energy sector was a driving force in helping to protect the office market from a major vacancy rise that has deeply impacted many other energy-rich markets. Instead, on the backs of the tech industry, Denver’s total vacancy rate now stands at only 13.1 percent.
Additionally, Colorado’s population is now the second fastest-growing in the nation—rising by 101,000 over the past 12 months—which has already boosted the local housing market and will put pressure towards addition investments in infrastructure.
Leverage market-wide will still lie with landlords in 2016, however more sublease space is expected to come available over the next year in the CBD as more energy-related companies slash payrolls to survive.
Learn more about what’s happening—and what we expect to occur in the coming months—in Denver’s office market in our Q4 US Office Insight.
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