• Positive net absorption of 111,095 sq. ft. was recorded in Q1 2020— nearly 78,000 sq. ft. higher than last quarter.
  • The average direct asking lease rate was $35.21 per sq. ft. FSG in Q1 2020, up $0.11 from Q4 2019 but down $0.67 on the year.
  • Direct vacancy in the submarket remained stable quarter-over-quarter at 14.4%.
  • Over 1.4 million sq. ft. of office construction was underway in downtown Denver, accounting for 37.4% of all office development in metro Denver.
  • Leasing activity totaled 2.4 million sq. ft. over the past four quarters, driven by technology and financial services users.
  • The sale of Denver City Center for $400 million marked the largest investment transaction metro-wide in over a decade.