JLL: Construction and availability swing pendulum toward office users

Despite positive total net absorption, total vacancy rose for the fifth consecutive quarter thanks to new deliveries with empty space.

Newly built Colorado Center Tower III adds to the market 229,670 square feet, with no signed leases to date, plus One Belleview Station delivered 318,000 s.f., but tenants will not occupy until next quarter.

Edited by the Colorado Real Estate Journal staff.