The Mile-High City has enjoyed a revival this year in its 106-million-sq.-ft. office market. The city experienced an influx of professional jobs, helping bring its unemployment rate down to 5.3 percent. Energy and tech companies are driving demand for CBD office space and rents are increasing at a quick clip.
However, this has meant good deals on office space are harder to find, leading to a 28 percent drop in leasing from the first quarter, according to a second
Register to view the full article
This article is part of our premium content subscription. You need to subscribe to gain access to premium content.
Why Register for NREIonline? It's simple and free, and here is what you get:
• Access to leading real estate industry research.
• Interactive rankings of commercial real estate professionals.
• Submit your own articles, (if approved) which will appear around the site.
Already a member? Log in.