2023 Q1 Office Report
Denver’s office market has experienced a sluggish start to 2023, with net absorption taking a sharp decline, and leasing activity remaining below historical averages. The region’s major employers are still grappling with their plans for returning to the office, as they navigate the ongoing effects of the pandemic. However, as time passes, it is increasingly apparent that the hybrid work model has become a permanent fixture in the workplace. To entice and retain employees back into the office, companies are prioritizing the implementation of comprehensive amenity packages and upgraded workspaces.
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.