Denver office energy outlook

Energy firms are seeking to right-size space via restructure and/or renewal. Some larger companies have reduced footprints up to 40 percent since the downturn began. Available sublease space through March measured 2.3 percent, falling 220 basis points from a 10-year high recorded in 2016. Re-absorption has accelerated thanks to tenant-favorable sublease rents; over 50 percent of energy sublease space has been leased.

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