OVERVIEW: The Denver office market is in the midst of a moderate rebound. Rent growth slowed sharply throughout 2015 and 2016 as the market felt the full brunt of the collapse in oil prices, and rents at 4 & 5 Star properties briefly turned negative. As oil prices have rebounded, rents have regained some momentum. As has job growth: Employment growth accelerated for a six consecutive month in March 2018, to 2.5%, the best showing since late 2015. The oil, mining, and construction sector was recently growing at a 7% annual rate, up from sub-2% rate in early 2016.
Still, signs that the cycle had peaked emerged… (OPEN FULL REPORT)