It’s been nearly two years since the last new office building was built in downtown Denver.
There are currently no new buildings in the pipeline and, since then, several developers have begun the groundwork to transform a few of downtown’s old offices into housing. One university even bought an office tower to consider making it suitable for campus life.
As leasing picks up during a time of no new supply and a trimming of some fat, the vacancy rate in downtown is starting to improve.
Downtown Denver’s overall vacancy rate was 38.6% in the second quarter of 2026, down by 20 basis points from the previous quarter, according to a report last week from commercial real estate firm CBRE…