A research produced by DTZ
Metro Denver’s office market has steadily improved since the national recession peaked in 2009. As economic conditions normalized, business optimism resurfaced and job growth resumed, leading to a significant uptick in local office demand. This pushed vacancy levels down and fed pronounced rental rate appreciation in higher-end properties as available supply dwindled. In turn, a new cycle of investment and development activity has emerged that may soon approach levels last reached before the downturn. In recent quarters, however, supply-side momentum has escalated faster than demand-side fundamentals may be able to sustain. Specifically, investors and very well-capitalized tenants have been rapidly bidding up prices, prompting savvy occupiers to more carefully weigh preferences against cost sensitivities.
Source : DTZ (Groupe UGL)