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Playing It Safe in Denver

DENVER—A diversified economy is part of the city's success. But there's still just enough of an oil-and-gas influence to keep anybody from getting too cocky. So say the people of architecture giant Gensler in this latest installment of our Denver Research series.

By John Salustri | Updated on June 24, 2015

DENVER—Conservative growth. Maybe a bit too conservative given the demand. A market where the majority of the building stock is at least 30 years old can use some new development. But in the face of this conservative approach, it may not be happening quickly enough.

That’s the basic theory expressed to GlobeSt.com by professionals in the local office of architecture giant Gensler. “Vacancy rates are certainly projected to be low enough to drive new growth,” says local-office principal and managing director Jon Gambrill. “But the market is very much a mix between safe and conservative.” A lack of development after the 1990s recession positioned the market to remain relatively tight, and post-recent recession, that approach seems very much alive.

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