Regions West | Denver
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.
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.
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