Demand Supports Speculative Office Development in Denver

DENVER–Riverside Investment and Development and Convexity Properties are partnering to develop a new 30-story office tower in Downtown Denver. The speculative office project is an example of the strength of the office market there, which has high demand for class-A space.

“There is a significant and growing demand for high-end office space in Denver. Over the past two development cycles, speculative office buildings developed in Denver are approximately 95% leased and have captured a disproportionate share of tenant demand,” James Roupp, managing director at JLL, tells GlobeSt.com. “Our view is that an office project’s success in today’s market will be dictated by its location, design and health-and-wellness features.” Roupp is handling leasing activity at the Riverside-Convexity property, along with Michael Crane, Julie Rhoades and Maddy Stevenson.