DENVER-Although Denver could boast the strongest Downtown office market in 2005, the suburban submarkets will be at the other end of the scale, according to a projection by Jones Lang LaSalle. The Jones Lang LaSalle projection predicts in three years the suburban markets surrounding Denver will have an overall vacancy rate of 15.2%, moderately better than the direct vacancy rate of 16.6% at the end of this year.

By contrast, Jones Lang LaSalle project a 6% office vacancy rate in 2005 for Downtown, the best of the 10 cities profiled.

The report shows that by 2005, only one city will have a higher suburban office vacancy rate, Houston, which it projects at 5.8%. San Francisco will have the lowest suburban office vacancy rate in 2005 at 7.6%. Next is New York City at 7.9%.

Other suburban areas on the list: Atlanta, at 12%; Los Angeles, 12.5%; Washington, D.C., 12.6%; Philadelphia, 13.2%; Chicago, 14%; and Dallas, 14.4%.

As far as Denver’s suburbs, Jones Lang LaSalle is predicting a moderate decline in office rental rates over the next three years.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.