--- title: "Denver Class A Office Market" description: "Mountain-region gateway with deep professional services tenancy." canonical: https://classa.info/cities/denver pageType: city lastUpdated: 2026-04-15T00:00:00.000Z license: "CC BY 4.0 with attribution to Class A Atlas (https://classa.info)." --- > Denver Class A office rents around $38/sqft/yr, with 23.5% vacancy and 14 months of typical rent-free on a 10-year term. ## TL;DR - LoDo and CBD trophy product trades at $50-$58/sqft. - Older Class A in the broader CBD remains soft. - Light rail to Denver International Airport differentiates downtown access. - Energy and outdoor-industry HQs are a structural demand cluster. # Denver Class A Office Market *Mountain-region gateway with deep professional services tenancy.* ## TL;DR - LoDo and CBD trophy product trades at $50-$58/sqft. - Older [Class A](/glossary/class-a) in the broader CBD remains soft. - Light rail to Denver International Airport differentiates downtown access. - Energy and outdoor-industry HQs are a structural demand cluster. ## Overview Denver's Class A market is structurally healthy at the [trophy tier](/topics/trophy-asset-selection) in LoDo and the CBD, but elevated headline vacancy reflects deep older Class A overhang. Professional services, energy, healthcare, and outdoor-industry HQs anchor demand. RTD light rail to DIA underwrites the urban core. ## Market snapshot | Class A rent | 38 USD/sqft/yr (38 USD)| | Vacancy | 23.5%| | Typical lease length | 10 years| | Typical rent-free | 14 months| Composite of Q1 2026 broker market reports for Denver. ## Lease norms Modified-gross structures. 7-10 year terms standard. Free rent of 12-16 months and TI of $80-$120/sqft typical on a 10-year Class A deal. ## Transit & access RTD light rail (10+ lines) plus commuter rail to DIA via the A Line. 16th Street Mall (under reconstruction) anchors downtown pedestrian network. ## Tax 21% federal plus 4.4% Colorado corporate income tax for an effective rate near 25.6%. Denver occupational privilege tax applies. ## Talent Deep professional services, energy, aerospace, and outdoor-industry talent. Strong feed from CU Boulder, CSU, and the Colorado School of Mines. Lifestyle draw continues to support in-migration. ## Notable Class A buildings - **1144 Fifteenth** [](https://www.google.com/maps/search/?api=1&query=1144%20Fifteenth%2C%201144%2015th%20Street%2C%20Denver%2C%20CO%2080202%2C%20CBD%2C%20Denver%2C%20United%20States&query_place_id=ChIJWTdMU8V4bIcRn4-PyMYPgK8) · CBD — Tallest building in Denver since the 1980s; trophy benchmark. - **McGregor Square** [](https://www.google.com/maps/search/?api=1&query=McGregor%20Square%2C%201901%20Wazee%20Street%2C%20Denver%2C%20CO%2080202%2C%20LoDo%2C%20Denver%2C%20United%20States&query_place_id=ChIJ9bgqFqB5bIcRR6mRvjC3CFA) · LoDo — Mixed-use trophy adjacent to Coors Field. - **1670 Broadway** [](https://www.google.com/maps/search/?api=1&query=1670%20Broadway%2C%201670%20Broadway%2C%20Denver%2C%20CO%2080202%2C%20CBD%2C%20Denver%2C%20United%20States&query_place_id=ChIJYYjq49V4bIcRoD5_zbf8PGc) · CBD — Repositioned. - **Block 162** [](https://www.google.com/maps/search/?api=1&query=Block%20162%2C%20675%2015th%20Street%2C%20Denver%2C%20CO%2080202%2C%20CBD%2C%20Denver%2C%20United%20States&query_place_id=ChIJeck4PdF4bIcROAUqkPmRFxI) · CBD — All-glass speculative trophy on Welton Street. - **Republic Plaza** [](https://www.google.com/maps/search/?api=1&query=Republic%20Plaza%2C%20370%2017th%20Street%2C%20Denver%2C%20CO%2080202%2C%20CBD%2C%20Denver%2C%20United%20States&query_place_id=ChIJB3YpYtZ4bIcRrKY-A__H8iA) · CBD — Tallest tower in the Mountain region. ## Class A submarkets in Denver - [**LoDo (Lower Downtown)**](/cities/denver/lodo) — Walkable trophy frontier. (trophy) - [**Central Business District**](/cities/denver/cbd) — Legacy trophy core. (trophy) - [**Denver Tech Center**](/cities/denver/dtc) — Suburban Class A campus belt. (established) - [**Cherry Creek**](/cities/denver/cherry-creek) — Boutique HQ and retail submarket. (prime) - [**River North (RiNo)**](/cities/denver/river-north-rino) — Creative and tech repositioning frontier. (prime) ## Denver deep-dives - [Rents and incentives](/cities/denver/topics/rents-and-incentives) — What does Class A rent cost and what concessions are typical? - [Sublease market](/cities/denver/topics/sublease-market) — How deep is [sublease](/topics/sublease-strategy)">sublease availability and how does it price? - [ESG and LEED stock](/cities/denver/topics/esg-and-leed) — How much certified stock exists and what premium does it command? - [Transit and commute](/cities/denver/topics/transit-and-commute) — Which submarkets have the strongest transit access? - [Talent and salaries](/cities/denver/topics/talent-and-salaries) — What does the white-collar talent pool look like and how is it priced? - [Fit-out costs](/cities/denver/topics/fit-out-costs) — What does a Class A [fit-out](/topics/fit-out-capex)">fit-out cost per square foot? - [Flex vs lease](/cities/denver/topics/flex-vs-lease) — When does premium [coworking](/topics/lease-vs-flex) beat a traditional lease? - [Taxes and incentives](/cities/denver/topics/taxes-and-incentives) — What corporate, occupancy, and property taxes apply? - [Neighborhoods overview](/cities/denver/topics/neighborhoods-overview) — Which Class A submarkets exist and how do they compare? - [Notable buildings](/cities/denver/topics/notable-buildings) — Which trophy assets define the market? - [Class A vs Class B](/cities/denver/topics/class-a-vs-class-b) — What is the spread between Class A and [Class B](/glossary/class-b) and why? - [Leasing conventions](/cities/denver/topics/leasing-conventions) — What lease structures, terms, and concessions are normal? - [Expansion checklist](/cities/denver/topics/expansion-checklist) — What is the operational checklist for opening here? - [Relocation guide](/cities/denver/topics/relocation-guide) — How do you move into this market from another city? - [Frequently asked questions](/cities/denver/topics/faq) — Quick answers to the questions occupiers ask most. - [Operating expenses](/cities/denver/topics/operating-expenses) — What service charges, OpEx, and pass-throughs apply on top of rent? - [Growth and availability](/cities/denver/topics/growth-and-availability) — How tight is current availability and what does the pipeline look like? - [Sustainability pathways](/cities/denver/topics/sustainability-pathways) — How do tenants land net-zero or science-based-target leases here? - [Hybrid work policy](/cities/denver/topics/hybrid-work-policy) — How are hybrid policies shaping office demand here? - [Security and redundancy](/cities/denver/topics/security-and-redundancy) — What security, power, and connectivity redundancy are standard? - [Lab and R&D space](/cities/denver/topics/lab-and-r-and-d) — What does R&D-grade or wet-lab space look like in this market? - [Brand experience](/cities/denver/topics/brand-experience) — How do trophy buildings function as brand experiences and showpieces? - [Fund strategy and flag](/cities/denver/topics/fund-strategy-and-flag) — Which submarkets carry the strongest investor flag for funds? - [Exit and renewal](/cities/denver/topics/exit-and-renewal) — How do you handle a Class A renewal or exit cleanly here? - [Market cycle position](/cities/denver/topics/market-cycle-position) — Where is this Class A market in its cycle right now? ## Denver — frequently compared - [**Denver vs Minneapolis**](/compare/denver-vs-minneapolis) — US Mountain vs Midwest HQ. ## Frequently asked questions ****What is the LoDo rent premium?**** : LoDo trophy product trades 15-20% above the broader CBD Class A average — driven by walkability, residential density, and proximity to Coors Field and Union Station. ****How significant is the energy-transition tenancy?**** : Material. Vestas, NextEra, and a deep cluster of renewable energy and oil-and-gas-services HQs anchor Class A demand. ****Is the older Class A stock recoverable?**** : Adaptive reuse and conversion are active. A meaningful share of pre-1990 Class A is candidate stock for residential conversion. ## Editorial provenance Reviewed by [**Miriam Hollander**](/about/authors/miriam-hollander) — Lead market analyst. Last updated 2026-04-15. See our [methodology](/about/methodology) and [editorial standards](/about/editorial-standards). ### Primary sources for this page - [CBRE Marketview reports](https://www.cbre.com/insights) — CBRE - [JLL Office Insight](https://www.jll.com/en/trends-and-insights) — JLL - [Cushman & Wakefield Marketbeat](https://www.cushmanwakefield.com/en/insights) — Cushman & Wakefield - [Savills World Research](https://www.savills.com/research_articles/) — Savills - [Colliers Global Office Outlook](https://www.colliers.com/en/research) — Colliers [Full sources index](/about/sources) · [Submit a correction](/about/corrections) ## Related topics - [**Class A Lease Negotiation**](/topics/class-a-lease-negotiation) — How to negotiate a Class A office lease — the playbook from LOI to signed deal. - [**Hybrid Workplace Strategy**](/topics/hybrid-workplace-strategy) — How to size, structure, and lease a Class A office for a hybrid workforce. - [**ESG / LEED for Tenants**](/topics/esg-leed-tenants) — How tenants evaluate, negotiate, and report on ESG performance in a Class A office lease. - [**Cross-border Expansion**](/topics/cross-border-expansion) — How to run a coordinated Class A office search across multiple geographies. - [**Fit-out Capex**](/topics/fit-out-capex) — How to budget, sequence, and govern Class A office fit-out capex. - [**Lease vs Flex**](/topics/lease-vs-flex) — When premium flex (coworking, managed office) beats a conventional Class A lease — and vice versa. --- Citation: Source: Class A Atlas (https://classa.info/cities/denver), updated 2026-04-15T00:00:00.000Z.