According to the CoStar Report just released, office vacancy rates in Denver held steady for the third quarter with rates at 10.4%. The largest lease signings were the 333,929 sq. ft. lease by Encana Oil & Gas at 370 17th St in Downtown Denver, the 266,776 sq. ft. lease for Western Union at 7001 E.
Office Report According to CoStar, the second quarter vacancy rate held nearly steady, with a slight increase from 10.1% to 10.4% over the previous quarter. Vacant sublease space increased to 1,850,094 square feet. Rental rates were also up, ending at $25.84 per square feet. Fourteen new buildings were added to the market, totaling 886,365 sq
According to CoStar, the vacancy rate for the office market in Denver rose to 10.1% in Q1, which was up over the previous quarter. Sublease space increased as well. Rental rates were at $25.54, an increase over the fourth quarter of 2016. The largest lease signings in 2017 included the 333,929 sf lease signed by Encana Oil & Gas Inc.
Denver’s Q4 Vacancy Rates Up Slightly According to CoStar’s Q4 2016 Denver office market report, the vacancy rate is at 9.8%, up slightly from Q3 at 9.6%. Denver’s industrial market is also up at 4.8% over Q3’s 4.5%. Rental rates in both office and industrial saw an increase of at or just below 1%. We’ve
While the overall Denver Office market ended the third quarter 2016 slightly up with a vacancy rate of 9.6% over Q2’s 9.3%, the rate is still well below the numbers in the past 6 years and has continued to trend downward during that time. Absorption: Class-A net absorption was a positive 47,617 sf in Q3 compared to
by Bill Trinen, Trinen Realty Partners After labor costs, Real Estate is typically the next most expensive line item on the balance sheet. Engaging an experienced Commercial Real Estate Broker to represent your best interests is critical to the transaction process and will save you time and money. LABOR COST Finding a property/space can be
Demand for commercial real estate in the Denver market is at an all-time high. According to the Colorado Real Estate Journal, office space also commands top dollar. And anyone with a computer can find a commercial space with a simple cursory search on the internet. But how do you know how much space a listing
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[reprinted from Colorado Expression January 2016 Edition] SUCCESS IS EASY! Just find a niche, and fill it. Or so they say. It sounds easy enough, but perhaps the not-so-easy part is identifying that niche and, of course, having the expertise to make it work. The so-called “overnight success” invariably takes several years to get there. One
Denver has it all. Its metropolitan area is one of the fastest-growing and exciting hubs in the country. Downtown Denver has become a prime example of a well-planned urban center with restaurants and entertainment that holds up to even large cities (with the charm of smaller ones.) But step just beyond the metro area (a little bit
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