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Denver : Office Snapshot - Q1 2013

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Denver : Office Snapshot - Q1 2013

Positive momentum in metro Denver’s economy is working to drive vacancy rates down and rental rates higher. Nonfarm employment was up 3.1% year-over-year, with the area adding 37,500 new workers through February 2013. Strongest growth was reported in the natural resources and construction sector (up 7.7% by 5,200 jobs), followed by professional and business services (up 4.7% by 10,000 positions), and education and health (up 4.4% by 6,700 employees). This has translated into solid occupancy gains, bringing vacancy rates back down to pre-recession levels and providing landlords in select markets incentives to boost rental rates as scarcity intensifies.

Source : Cushman & Wakefield

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