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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.
The share of available office space in downtown Denver crossed 30% in the third quarter, marking the highest vacancy levels since 1990 when the state was coping with an energy bust.
The share of available office space in downtown Denver crossed 30% in the third quarter, marking the highest vacancy levels since 1990 when the state was coping with an energy bust.
The share of available office space in downtown Denver crossed 30% in the third quarter, marking the highest vacancy levels since 1990 when the state was coping with an energy bust.
Total vacancies downtown, which combine unleased offices, as well as leased spaces that tenants are trying to market, hit 30.6% during the third quarter, according to a quarterly report released two weeks ago by commercial real estate services firm CBRE.