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office space for lease Denver

Colorado unemployment rate falls in February to 7.2%.

Colorado jobs

Colorado Department of Labor reported 10,800 jobs were added in February which brought down the Colorado unemployment rate to 7.2%, the lowest level in four years. This is the eighth consecutive monthly decline in Colorado’s unemployment and down 1 percent from 8.2% a year ago. Colorado’s unemployment reached its highest point in October 2010 at…

Denver office vacancy rate follows national trend

office vacancy

Office Space demand increases resulting in rent growth throughout the U.S.  The Denver office vacancy rate has decreased for the third consecutive year in a row and now stands at approximately 12%, down from 12.4% at the end of September 2012. Nearly every city across the country has seen significant gains for office space in…

Wells Fargo Center Trades for $387.5 million

Beacon Capital Partners Inc. has completed its purchase of the Wells Fargo Center at 1700 Lincoln St. in Denver from MPG Office Trust Inc. and Charter Hall Office REIT. The purchase price was $387.5 million which equates to about $322 per square foot. The 1.2 million square foot 52 story Class A office building was…