Property Types Office
Denver Office Market Expected to Close the Year in Good Standing
Sept 5, 2008

The future looks rosy for the Denver office market. As per a recent research report by Marcus & Millichap Real Estate Investment Services, the Rocky Mountain city is on track for a steady operating performance for 2008, and a positive performance for the long-term. The vacancy rate is anticipated to improve 60 basis points this year, and effective rents are forecasted to jump 5.5 percent. Driving the trend is employment growth that, at 0.3 percent, is expected to be above the national average for the next five years, thanks in no small part to businesses' attraction to the area's educated workforce and desirable business climate.

 
Recent Office Headlines
Mack-Cali Taps CBRE as Leasing Agent for Manhattan’s 125 Broad St.
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The News: Deliveries, Shrinking Labor Market Will Swell Vacancy
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Markets Start 2009 With Upward Bump
Instead of a lackluster lull after the New Year's holiday, investors decided to buy equities on Friday, driving the Dow Jones index up 258 points, or nearly 3 percent. The S&P 500 and Nasdaq were up even more, in terms of percentage: 3.16 percent and 3.5 percent respectively. GM, which recently won a short financial reprieve, led the way by gaining more than 14 percent, though that represented only 45 cents a share.
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