TRENDS SHAPING TODAY’S TENANT DEMANDS AND SUBMARKET DEVELOPMENT

Denver’s office market presents a landscape marked by both challenges and opportunities, reflecting the complex and evolving workplace dynamics. There are challenges abound due to the downtown office vacancy rate surpassing 30%, the highest since 2000. This has prompted a reevaluation of traditional office models. However, these challenges have presented opportunities for landlords. They’ve been innovative by adapting to the market by creating innovative creative packages and premium spaces in prime locations thriving. Heightened submarket activity and an increased focus on amenities-rich environments provide alternative avenues for growth, demonstrating the resilience and adaptability of Denver’s office market.