Report: Denver’s Office Vacancy Rate Lowest Since 2000

Hart Van Denburg/CPR News
The Denver skyline and the Rocky Mountains.
Photo: Denver Skyline2 wide (HV)
The Denver skyline and the Rocky Mountains.

A new report says the city’s office vacancy rate is at its lowest since 2000.

Available office space in the metro area is at about 12 percent, according to the global real estate services firm CBRE Research. It’s even tighter in some spots, including Boulder and Denver’s Capitol Hill neighborhood.

And with less space available, landlords can charge more – around $25 per square foot, up 6 percent from a year ago.

Declines in Colorado’s energy industry have not had much effect on office vacancies. CBRE says oil and gas companies account for only about 5 percent of metro area office space