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Denver Office Market Looks To Find Its Footing Heading Into 2024

Five Key Takeaways for the Market
Demand in new office buildings, such as The Current, pictured, has held up as tenants commit to smaller spaces in premium buildings. (CoStar).
Demand in new office buildings, such as The Current, pictured, has held up as tenants commit to smaller spaces in premium buildings. (CoStar).
By Jeannie Tobin
CoStar Analytics
December 19, 2023 | 6:23 P.M.

Denver has one of the highest office vacancy rates among major U.S. markets, according to CoStar data. While demand has held up at the top end of the market, the challenges facing the office market are broad, signaling further distress through 2024 and beyond.

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