The prediction calls for a 15.6% office vacancy rate inDowntown, versus a 19.2% vacancy rate for the suburbs. As far asDowntown, Denver would be right in the middle of the projectionsfor 10 top markets. Atlanta, Chicago, Dallas, Houston and LosAngeles are projected to have higher vacancy rates, while New YorkCity, Philadelphia, San Francisco and Washington, DC are expectedto have lower vacancy rates than Denver in 2007.

Only two cities, Dallas and San Francisco, at 23.5% and 20.6%,respectively, are anticipated to have higher vacancy rates than theDenver-area suburbs, according to the report. However, for acurrentsnapshot of the market, the Southeast suburban corridor, isshowing more leasing momentum and absorption than the CentralBusiness District, notes Bill Lucas of Jones Lang LaSalle's Denveroffice.

"Companies in the Southeast are expanding," Lucas tellsGlobeSt.com. "They are having some good leasing velocity andpositive absorption in the second quarter in the secondquarter."