Cbre Denver Office Market Report

Noteworthy and complex projects completed in the past decade across the region include.

Cbre denver office market report.

The office sector performed notably well with near record level absorption rising lease rates robust construction activity and strong sales volume. Ft ahead of last year s activity. The overall average achieved lease rate for 2019 rose 6 9 year over year to 7 75 per sq. The denver union station multi modal transportation center crossroads commerce park a 1 million sf class a industrial park thornton crossing the 2 4 million sf e commerce robotic sort facility riverview at 1700 platte.

Office and industrial sectors continue to show strength while the retail sector has begun to trend down. Of negative net absorption in q2 2020 the first time in 13 quarters the market has seen negative absorption activity. Delivered in h1 2020 and over 344 000 sq. Metro denver s office industrial and retail real estate sectors posted healthy performance in the second quarter of the year according to cbre s q2 2019 marketview reports.

Industrial rent observed strong upward growth 3 y o y across all regions. Of mob projects are currently under construction. Cbre sets the standard for national real estate research by providing clients with accurate insightful and current market knowledge. Was recorded in q2 2020 bringing the year to date net absorption down to negative 32 133 sq.

The average direct asking lease rate rose to 26 87 per sq. Three projects totaling 124 200 sq. Office rent continued its growth 3 y o y into the second quarter boosted primarily by strong u s. Of positive net absorption down 99 from h1 2019.

Of net absorption was recorded in q2 2020 year to date net absorption was still positive at 113 000 sq. The overall average direct asking lease rate increased 1 0 year over y. Research reports global office rent tracker. Of positive net absorption was recorded in q4 2019 the 39th consecutive quarter of positive net absorption.

Denver medical office marketview h1 2020 cbre absorption activity slowed during the first six months of 2020 recording 1 542 sq. Although negative 27 000 sq. This is the highest annual sales volume ever recorded for denver s mob market. Fsg in q2 2020 down 0 21 from q1 2020.

The average direct asking lease rate remained stable at 28 81 per sq. Year end 2019 investment sales volume for medical office buildings reached 203 3 million averaging 256 59 per sq. Fsg in q2 2020 up 3 3 year over year. Denver downtown office marketview q2 2020 cbre negative net absorption of 143 228 sq.

As a result of new deliveries entering the market overall availability for medical office space increased 70 bps year over year to 11 6.