Denver Office Market Gains Altitude with Major Tenant Growth

Bar chart showing major office space expansions by Denver companies like Civitas, ONEflight, and Ovintiv, highlighting a trend toward larger, high-quality workspaces.
  • Although Denver's office market has faced significant headwinds, a prominent “flight to quality” trend is driving targeted tenant expansions within the market.
  • ONEflight International dramatically expanded at Centennial Airport, securing over 80,000 square feet of modern facilities for future scaling in a premium suburban location.
  • Simultaneously, Civitas Resources renewed and grew its lease to over 98,000 square feet, indicating strong demand and confidence from a key player within Colorado’s energy sector. Further highlighting this trend, Crowheart Energy also significantly expanded, moving into nearly 34,000 square feet.
  • These strategic commitments by well-capitalized firms underscore a consistent theme: even amidst broader market adjustments, companies are strategically investing in larger, high-quality spaces to support substantial business growth and foster attractive collaborative environments.
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