X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DENVER-Leasing and sales activity is improving along the southeast office corridor. That’s the word form the CB Richard Ellis South Denver office team of Sergio Castaneda, John Marold, Mitch Bradley and Lang Williams. They report that through third quarter 2003, the net absorption was a positive 181,000 sf.

Class A buildings, they add, continue to benefit from the activity, though at lower lease rates due to fierce competition.

The average asking Class A lease rates are at $17.35 per sf, down 17% from the end of 2002, the team describes in its latest report. So far this year, the team has completed a total of 138 assignments for 1.01 million sf.

In September, the CB Richard Ellis team completed 18 lease transactions for a total of about 64,000 sf. The largest deal was for the GSA-DISA for 9,507 sf at 5775 DTC Parkway in the Denver Tech Center.

The smallest deal was for 571 sf for Innovative Lending Solutions at 155 Inverness in the Inverness Business Park, south of the Tech Center in Arapahoe County.

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?

Dig Deeper

GlobeSt

Join GlobeSt

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

  • Free unlimited access to GlobeSt.com'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 ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.