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Office Momentum Grows in Mile High CBD, Suburbs

DENVER—Now, if they can just keep spec construction in check, the momentum will continue, says Transwestern's Larry Thiel. This is the first in a series on the Denver market.

By John Salustri | Updated on June 19, 2015

DENVER—The Mile High City is clearly on a roll. With two primary locations serving as office hubs—one in the Downtown/LoDo market and the other in the Southeast suburbs—growth clearly is the name of the game.

In fact, according to Larry Thiel, managing director of investment sales and capital markets for GlobeSt.com Thought Leader Transwestern, “Class A CBD rates have grown 8% over the past 12 months and 13.4% over past 24 months. Class B has grown 6% and 13.7%, respectively. Southeast suburban class A has grown 3.1% and 8.3% in the past 12 and 24 months.” Class B rents have grown 4.9% and 12.2%.

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