Denver, CO Office Overview
The state capital of Colorado is home to a metropolitan population of nearly 3 million residents.
Recently named one of the best places to live by the U.S. News & World Report, Denver continues to attract a well-educated and highly skilled work force that supports the growth of its diverse local economy, which boasts a gross metropolitan product of more than $178 billion annually.
As of mid-2017, the Greater Denver office market encompassed nearly 53 million square feet of completed office space in properties larger than 50,000 square feet. The city’s key Midwestern location attracts enterprises operating in both traditional and non-traditional industries, which drive a robust demand for office space in Downtown Denver and surrounding submarkets.
Denver, CO Office Inventory Description
Nearly 67% of the office space in Denver is Class A or A+, while Class B office space accounts for roughly 32% of market inventory. A strong blend of aerospace, telecommunications and technology industries maintains a robust demand for Class A office space on the market.
Office space in Lodo is among the most highly sought-after in Denver, home to world-class office property that is developed to meet the demands of both traditional and non-traditional tenants. With excellent access to the I-70, the I-25, and Denver Union Station, this submarket is home to prime office buildings such as the Millennium Financial Center and the Lodo Towers.
Cherry Creek office space also includes notable commercial developments such as the Madison Plaza, 200 Columbine, the Janus Capital Group World Headquarters Building, and the Coors Foundation Headquarters Building.
Denver, CO Commercial Inventory Breakdown
Office Spaces
Total: 76,357,392 SF
By square footage range:
- 50k to 100k SF: 7,963,212 SF / 10.43% of total office
- 100k to 500k SF: 43,099,021 SF / 56.44% of total office
- 500k to 1M SF: 17,652,242 SF / 23.12% of total office
- > 1M SF: 7,642,917 SF / 10.01% of total office
By class:
- Class A+: 9,001,106 SF / 11.79% of total office
- Class A: 36,163,943 SF / 47.36% of total office
- Class B: 17,005,281 SF / 22.27% of total office
- Class C: 737,114 SF / 0.97% of total office
Top 10 Largest Office Buildings
in Denver
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| Republic Plaza | 370 17th Street, 80202 | 1,337,504 | 1982 |
| Republic Plaza | 370 17th Street, 80202 | 1,328,369 | 1982 |
| 1801 California | 1801 California Street, 80202 | 1,315,536 | 1982 |
| 1801 California Building | 1801 California Street, 80202 | 1,315,428 | 1982 |
| Wells Fargo Center | 1700 Lincoln Street, 80203 | 1,204,089 | 1982 |
| Tabor Center | 1200 17th Street, 80202 | 1,094,923 | 1984 |
| Denver Place North & South | 999 18th Street, 80202 | 909,685 | 1981 |
| Denver Place | 999 18th Street, 80202 | 891,505 | 1981 |
| 999 18th Street | 999 18th Street, 80202 | 891,505 | 1981 |
| 555 Seventeenth Street | 555 17th Street, 80202 | 739,050 | 1977 |
Largest Office Properties Recently Completed
in Denver
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| McGregor Square | 1901 Wazee Street, 80202 | 445,695 | 2021 |
| Denver Health - Outpatient Medical Center | 660 North Bannock Street, 80204 | 293,000 | 2021 |
| The Link | 1490 Curtis Street, 80202 | 223,890 | 2021 |
| National Jewish Health - Center for Outpatient Health | 1475 North Jackson Street, 80210 | 104,350 | 2021 |
| 240 North Saint Paul Street | 240 North Saint Paul Street, 80206 | 76,000 | 2021 |
| Emily's Office | 1231 Glenarm Place, 80204 | 43,413 | 2021 |
| The Hooper | 2600 Welton Street, 80205 | 39,400 | 2021 |
| Rev360 | 3600 Brighton Blvd, 80216 | 170,000 | 2020 |
| Platte Fifteen | 2375 15th Street, 80202 | 156,855 | 2020 |
| The HUB North | 3660 Blake Street, 80205 | 105,334 | 2020 |
Denver, CO Green Office Space
Of the Top 30 Green Office Markets in the U.S., Denver ranks among the top 10 for developing and adapting energy efficient office properties. While nearly 5% of office buildings larger than 50,000 square feet are LEED-certified, just under 12% are Energy Star-rated by the EPA, and over 13% are otherwise green-certified.
The Union Tower West office building in Lodo is an outstanding example of green office building in Denver. Completed in 2017, this 303,400-square-foot property boasts a LEED Gold certification. Tenants, as well as national and global investors increasingly seek out green office assets for their use and portfolios, respectively, for its clear advantages over traditional developments.
Denver, CO's Top Office-Using Sectors
Denver is located equidistantly from Chicago, St. Louis, Los Angeles, and San Francisco, a significant benefit to local businesses operating in the distribution and transportation economic sectors. Businesses in the energy and natural resources, aerospace, government, and telecommunications industries are also important drivers of white collar employment, as well as office space demand in Denver.
- Energy and Natural Resources – Newmont Mining, Noble Energy, Anadarko, EnCana, and Haliburton all create robust demand for office space;
- Aerospace – the Lockheed Martin corporation and United Airlines are two of the largest employers in Denver;
- Government – As the state capital, Denver is home to a large government employment base, including institutions like the Denver Federal Center, Byron G. Rogers Federal Building and U.S. Courthouse, the Denver Mint, and the National Renewable Energy Laboratory.
- Telecommunications – local demand for office space is also driven by telecom companies such as Qwest Communications, Dish Network, and Comcast.
Frequently Asked Questions
How much does office space cost in Denver, CO?
The average office rental rate in Denver, CO is $27.31 per square foot. Asking prices vary based on the property’s location, overall rating, amenities, proximity to restaurants, cafes and entertainment venues, as well as public transport, airports and highways. Check Denver Office Market Trends for more stats.
What is the size of available office spaces in Denver, CO?
The Denver, CO office market can accommodate various businesses, sporting a range of office space availabilities. The average size of office space availabilities is 155,048 square feet. If you’re just starting out as a company or as an entrepreneur, the smallest available office space in Denver, CO is 96 square feet, while the maximum rentable space on the market now is 310,000 square feet.
How do I get office space in Denver, CO?
Start your search for office space in Denver, CO by using our filters that allow you to find the best space for your business needs. Filter listings by location, property size, available space or lease rate. Property pages will offer details about an office building’s rating, year built, availabilities, price per square foot and more. After drawing up a shortlist, make sure you contact the listed broker(s) to schedule a viewing and begin the negotiation process for your lease contract.
How many office listings are available in Denver, CO?
There are 745 office listings on the Denver, CO market. See all available office spaces for rent.
Where to rent an office space in Denver, CO?
Popular Denver neighbourhoods with available office spaces include Central Denver, East Denver and Downtown Denver.
What other property types are available for lease in Denver, CO?
In addition to traditional office spaces, commercial real estate listings on our platform also include coworking & shared office space options, retail spaces, industrial buildings, warehouses, distribution facilities, and more.
Denver Demographics
Population
- Total Population705,576
- Male Population(50.1 %) 353,311
- Female Population(49.9 %) 352,265
- Median Age34.50
Income/Financial
- Average Household Income$99,156
- Median Household Income$68,592
- Median Income Under 25$42,921
- Median Income 25-44$77,319
- Median Income 45-64$75,360
- Median Income Over 65$44,894
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