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Denver office market looks to turn the corner in 2025

Five key takeaways for the market
Office completions, such as the 1900 Lawrence tower that opened earlier this year, are set to fall in the years ahead. (Jason Tuomey/CoStar)
Office completions, such as the 1900 Lawrence tower that opened earlier this year, are set to fall in the years ahead. (Jason Tuomey/CoStar)
By Jeannie Tobin
CoStar Analytics
December 26, 2024 | 5:00 P.M.

At 17.2%, Denver has one of the highest office vacancy rates among major U.S. markets. Low office utilization has plagued nearly every market in the country, but Denver is more susceptible than most due to its high exposure to technology sector workers who have led the way in adopting flexible workplace arrangements.

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