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Nearly a third of downtown Denver’s office space sits empty. That’s the highest vacancy rate since the 1990s.

Newer buildings with amenities faring better in market still struggling post-pandemic

For the first time since the 1990s, downtown Denver office space vacancies have passed 30%. Activity has increased downtown, but the the number of employees working in the office is hovering around 60%. (Photo by Helen H. Richardson/The Denver Post)
For the first time since the 1990s, downtown Denver office space vacancies have passed 30%. Activity has increased downtown, but the the number of employees working in the office is hovering around 60%. (Photo by Helen H. Richardson/The Denver Post)
DENVER, CO - DECEMBER 12:  Judith Kohler - Staff portraits at the Denver Post studio.  (Photo by Eric Lutzens/The Denver Post)
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It's the highest vacancy rate for downtown Denver office buildings since the 1990s, according to real estate firm CBRE. A new report by CBRE calculated the total office vacancy rate at 31.5% in the fourth quarter of 2023.
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