Challenges continue to affect Denverís office market as tenants reassess their space requirements amid slowing office-job growth. The vacancy rate has reached a record high of 19%, with annual net absorption at -1.4M SF, indicating sustained negative demand. Nevertheless, early indicators of stabilization are evident, including a slowdown in vacancy increases, limited new supply pressures, and steady leasing activity. These trends suggest the market could achieve a balanced outlook in the year ahead if economic volatility does not disrupt momentum.
~ Source: CoStar Denver - CO USA-Office-Market-2025-7-11