Denver Office Market Report Q1 2019

The Denver office market is in the midst of a moderate rebound. Rent growth slowed sharply throughout 2015 and 2016 as the market felt the full brunt of the collapse in oil prices, and rents at 4 & 5 Star properties briefly turned negative. As oil prices rebounded throughout most of 2018 (and staged another rebound in early 2019 after falling late last year), rents have regained some momentum. As has job growth: Employment growth has generally accelerated over the past year, reaching an annual rate of 3% in mid-2018—the best showing in over two years—and has only slightly slowed since then.