Developers in Denver area braving an oversupplied office market
By Aldo Svaldi
Denver Post
Metro Denver continues to struggle with a huge surplus of office space, especially downtown, where the vacancy rate is approaching 40% and empty skyscrapers are selling for pennies on the dollar.
And while the excess supply has reduced the number of office towers, it hasn’t deterred five developers from adding nearly 600,000 square feet of new office space this year and early next, according to a report from CommercialCafe, which is part of the Yardi Research... Read more...
