Market Research

2023 Q2 Office Report

2023 Q2 Office Report

Denver’s office market has experienced ongoing struggles in the first half of 2023, with vacancy rates remaining at near-record highs. The rise in sublease space indicates that vacancy will continue to increase in the future. This suggests that employers are grappling with the decision of returning to the office, as the hybrid work model appears to have become a permanent fixture. Companies are likely to face significant challenges before fully embracing a return to the office, as they come to realize the inefficiencies of hybrid work.

2023 Q1 Office Report

2023 Q1 Office Report

Denver’s office market has experienced ongoing struggles in the first half of 2023, with vacancy rates remaining at near-record highs. The rise in sublease space indicates that vacancy will continue to increase in the future. This suggests that employers are grappling with the decision of returning to the office, as the hybrid work model appears to have become a permanent fixture. Companies are likely to face significant challenges before fully embracing a return to the office, as they come to realize the inefficiencies of hybrid work.

2022 Q4 Office Report

2022 Q4 Office Report

Denver’s office market is showing resilience as net absorption returned to a positive figure. Leasing activity remains subdued when compared to the historic average. Large employers continue to struggle with their return to office plans. As we get further past the pandemic, it is clear that the hybrid work model is here to stay. Employers are continuing to utilize robust amenity packages and upgraded workspaces to attract and retain employees back in the office.