Availability in Denver reaches an all-time high, now at 24.9%

Denver continues to see a rise in office space available, although the rate of the increase has begun to slow. Availability stood at 24.9% for the overall Denver market this quarter, 70 basis points higher than the previous quarter and 550 basis points higher over the year. Most of Denver's submarkets have seen consistent availability increases throughout the pandemic, with a sprinkling of submarkets seeing some decline as activity picks up again. The Central Business District (CBD) and Northeast Submarkets continue to hold the highest availability at 33.0% and 29.8%, respectively. With the increase in available space comes an increase in options for occupiers, creating tenant-favorable conditions in the Denver market during the sunset days of the pandemic.

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