Denver leasing activity kicks off 2025 with strong start amid elevated availability

Denver’s office market recorded 1.9 million square feet (msf) of leasing activity in Q1 2025, an encouraging start to the year and an improvement over the 1.3 msf leased in Q1 2024. This marks a return to more stable quarterly volumes following the slower start seen early last year. Leasing was largely driven by the Southeast and Downtown submarkets, which together accounted for over 60% of activity. The largest transaction of the quarter came from the Colorado Department of Labor & Employment, which relocated and downsized their space into 131,000 square feet (sf) at 707 17th Street in the Central Business District (CBD).

Read the full report