Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DENVER-There are 103 tenants actively looking for a total of 1.4 million sf along Denver’s southeast suburban market, according to the latest report by the South Denver Office Team of CB Richard Ellis. “So long as the US economy continues to grow, the southeast Denver office market will move in a positive direction,” according to the report by CB vice president Mitch Bradley and senior vice presidents Sergio Castaneda and John Marold.

The team reports that the projected 12-month gross leasing activity dipped in March, but “was back on the upswing in April.”

The team notes the US Commerce Department recently reported that inflation-adjusted gross domestic product grew at a 4.2% annual rate in the first quarter, marking the first time in 10 years that the economy had an annualized growth rate that exceeded 4% for three consecutive quarters.

Along Denver’s southeast corridor, there are only two tenants seeking more than 75,000 sf, accounting for 240,000 sf on the market. There are three tenants seeking 50,000 sf to 74,999 sf for a total of 190,000 sf; 10 tenants seeking 25,000 to 49,999 sf for a total of 315,000 sf; 30 tenants seeking 10,000 sf to 24,999 sf, for a total of 434,256 sf; 19 tenants seeking 5,000 to 9,999 sf for a total of 123,500 sf; and 39 tenants seeking less than 5,000 sf for a total of 102,511 sf.

So far this year, the CB Richard Ellis South Team has completed 44 assignments for a total of 277,913 sf.

In April, the team completed 16 deals, ranging from 71,081 sf in the Dry Creek Crop. Center 3 to 890 sf for Mazerov Research & Consulting at 5675 DTC Blvd.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


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 © 2020 ALM Media Properties, LLC. All Rights Reserved.