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Tech Center's North Side Sees Vacancy Rise

DENVER-The north side of the Denver Technological Center has a 40% vacancy rate--approximately 1.4 million sf--as companies exit for their own build-to-suits while others leave the market entirely.

By John Rebchook | Updated on February 19, 2002

DENVER-You might call it a sub-sub market. The north side of the Denver Technological Center, the premier business park in the metro area, is suffering from an unprecedented 40% vacancy rate, according to a report by Denver-based Fuller and Co.

The report tracks 15 buildings in the north DTC with a total of 3.5 million sf. The vacancy rate is higher than it has ever been, the report shows.

But the record-breaking vacancy rate isn’t due to the softening economy, at least not completely, says Doug Wulf, an office broker at Fuller and Co. Rather, a number of companies such as Lucent/Avaya, software giant J.D. Edwards, and the Invesco family of mutual funds, vacated big blocks of office space to move into their own build-to-suit campuses, Wolf says.

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