CBRE report: Tech growth equates to office rent growth

CBRE tech

In a new report on primary U.S. technology markets, CBRE Research found that office rents increased in every submarket over the past two years, demonstrating stiff competition for space in the areas most in demand by tech companies 

According to CBRE, 13 of the top 30 tech markets achieved double-digit office rent growth from Q2 2015 to Q2 2017. Denver’s office market rents increased 8.3 percent, while Boulder’s grew 18.7 percent over that period.

Edited by the Colorado Real Estate Journal staff.