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 99,827 sf in Q2. The Class-B office market experienced a net absorption of negative 60,080 sf compared with 495,980 in Q2. Class-C market showed a net absorption of negative 17,235.
Vacancy: Office Vacancy rate in the Denver market increased to 9.6% for Q3 from 9.3% in Q3, 9.5% in Q1 and 9.8% at the end of Q4 2015.