• Metro Denver posted 547,000 sq. ft. of negative absorption in Q3 2020, bringing year-to-date net absorption down to negative 216,200 sq. ft.
  • The average direct asking lease rate increased $0.21 to $29.02 per sq. ft. FSG.
  • Total vacancy increased 137 bps quarter-over-quarter to 15.0%.
  • Sublease availability climbed to 4.3 million sq. ft., up 28.2% from Q2 2020. This uptick pushed total availability up to 20.0%, a 220 bps increase from the last quarter.
  • Two buildings delivered in Q3 2020, adding 396,000 sq. ft. to the Denver office market. Over 3.3 million sq. ft. was under construction at the end of Q3 2020.
  • Investment sales volume reached $571 million, bringing the year-to-date total up to $1.4 billion.