Office vacancy in downtown Denver ticked up again in the third quarter, driven heavily by decisions at a tech firm and an oil and gas giant.
At the end of September, total office vacancy in the city center was 37.7%, according to CBRE. That was up 0.6 percentage point from the real estate brokerage’s adjusted second-quarter figure.
Total vacancy includes both direct vacancy, in which unused space is marketed by a landlord, and space marketed for sublease by a tenant. Downtown direct vacancy itself was 34.8% last quarter.
CBRE’s definition of “downtown” includes the Central Business District and LoDo, as well as LoHi’s Platte Street and a portion of Uptown. It doesn’t include RiNo, Cherry Creek or other spots farther afield.
Downtown saw negative net absorption of 171,000 square feet in

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