Denver sublet availability decreases in high quality office space

Since reaching an all-time high of nearly 7 million square feet in early 2023, the availability of sublet office space in Denver has steadily declined. Since Q2 2023, Class A and Class B office properties are showing strong performance, with Class A sublease space down 25% and Class B office space declining by 23% as of Q1 2025, reflecting a recovering market and growing demand for high-quality office environments.

This shift in preference can be attributed to several shifting trends in the commercial real estate office market, where businesses are prioritizing Class A and B buildings that offer a favorable commute. Smaller tenants, especially those with limited office space needs, are increasingly looking for workspaces that require minimal to no upfront investment and can support their operational needs without making extensive renovations.

This demand for move-in ready sublet spaces allows tenants to quickly occupy and begin their operations without delays.  It also lessens concerns associated with construction costs and budgetary limitations. This enables tenants to focus on their business operations while improving their overall business agility.