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Office space, “zombie buildings” key risk to Colorado’s economic outlook in 2024

A $1 trillion wall of debt needs refinancing nationally, and it won’t be easy

The Denver Energy Center office complex, located at 1625 and 1675 Broadway in Denver, is under consideration as a candidate for future residential housing. Conversions could revitalize downtown Denver, which has only one-fifth of the housing vacancy rate seen in office space. (Photo by Hyoung Chang/The Denver Post)
The Denver Energy Center office complex, located at 1625 and 1675 Broadway in Denver, is under consideration as a candidate for future residential housing. Conversions could revitalize downtown Denver, which has only one-fifth of the housing vacancy rate seen in office space. (Photo by Hyoung Chang/The Denver Post)
DENVER, CO - NOVEMBER 8:  Aldo Svaldi - Staff portraits at the Denver Post studio.  (Photo by Eric Lutzens/The Denver Post)
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Commercial real estate represents an anchor that is likely to only grow heavier in the months ahead as apartments join office space in stressing banks and weighing on the larger economy.
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