Tag: Office
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This developer will soon own 4 Denver skyscrapers. The plan? Convert them
A newcomer developer to Denver is growing his stake in downtown’s office market after two major deals at huge discounts that will leave him with four skyscrapers and more than 5% of downtown’s office supply. The Luzzatto Co. is buying the Denver Energy Center, the two towers located between Broadway and the start of 16th…
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More companies leased Denver offices than vacated for first time in 2 years
The metro Denver region saw office vacancies hit nearly 24% in the second quarter, according to a report from commercial real estate firm CBRE released Tuesday. It’s up from 23.5% in the first quarter of 2024. Despite the rising number of empty offices in the region since the pandemic hit, Denver’s commercial real estate market…
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Denver’s office space market remains steady, retail prepares for a return to spending
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Denver’s office commercial real estate market finished steady by the end of the fourth quarter, unlike the retail scene which was affected by rising inflation, according to several area brokers. The office market had more than 340 transactions totaling 1.6 million square feet in leasing activity during the fourth quarter across the metro Denver area,…
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Cherry Creek West envisioned as 13-acre, mixed-use development
What’s now a parking lot on the west side of the Cherry Creek mall could soon be a 13-acre, mixed-use development that connects the shopping center with the Cherry Creek neighborhood and emphasizes pedestrians over cars. That’s developer East West Partners’ vision for the site, to be dubbed Cherry Creek West. The land, on the…
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What will 2021 bring for Denver’s office market?
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Facebook Twitter WhatsApp SMS Email Print Copy article link Save The pandemic shut down of metro Denver offices for the past 10 months hasn’t created a fire sale on office space lease rates. At least not yet. But the impact has been felt far and wide though Denver’s business industry as tenants are finding plenty…