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September 11, 2019  

SPOTLIGHT: Denver-Area Office Market

After record volume in 2018, sales of large offices eased in the first half, falling 13% year-over-year. But market pros say investor demand remains strong.Despite significant construction, the average occupancy rate climbed to 85.2% at midyear, from 83.9% a year earlier, according to Newmark. Some 2.1 million sf of space is under development, mostly on a speculative basis.The average asking rent hit a record $28.43/sf at midyear, up 2.8% from a...

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