Avison Young releases Office Research Report

JLL market update

The energy industry, now entering into the third year of a downturn, is beginning to dampen absorption gains as oil and gas tenants continue to downsize.

Energy companies occupy roughly 11% of office space in the CBD- enough of a footprint to have an impact on the market without derailing the positive momentum of downtown. The space left behind by energy companies is leasing quickly to tenants in thriving industries, including finance, healthcare, and technology.

Edited by the Colorado Real Estate Journal staff.