Submarket Snapshot_4Q2023_Office_Interactive

SUBMARKET SNAPSHOT CHERRY CREEK NORTH

OFFICE 4Q23

KEY LEASE TRANSACTIONS Q4 2023

DATE LEASED

PROPERTY

TENANT

SIZE (SF)

DEAL TYPE

LEASE TYPE

CARA STAMP Research Manager Tel: +1 303 218 3258 cara.stamp@cushwake.com MINH NGO Research Analyst Tel: +1 303 312 4293 Minh.ngo@cushwake.com

Oct-23

2401 East 2nd Avenue

TBD

5,700

Direct

New Lease

KEY SALES TRANSACTIONS YTD 2023 DATE SOLD PROPERTY BUYER | SELLER

SIZE (SF)

SALE PRICE

PRICE/SF

Mar-23

2nd & Josephine Portfolio

Altus Properties | Unico Properties

105,300

$54.0M

$531/SF

Apr-23

2702 E. 3rd Avenue

Lario Investments | Jerry Wrench

19,300

$12.5M

$647/SF

KEY UNDER CONSTRUCTION PROJECTS

OWNER / DEVELOPER

SIZE (SF)

PROPERTY

MAJOR TENANT(S)

EST. COMPLETION DATE

Schnitzer West

140,500

Oct-25

201 Fillmore Street

Antero Resources

59,700

Jan-24

300 N. University Boulevard Elevate Real Estate Services

Platte River Equity, Walker Dunlop

BMC Investments

99,300

Jan-24

255 Fillmore Street

Crusoe Energy

A CUSHMAN & WAKEFIELD RESEARCH PUBLICATION Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in approximately 400 offices and 60 countries. In 2022, the firm reported revenue of $10.1 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), Environmental, Social and Governance (ESG) and more. For additional information, visit www.cushmanwakefield.com. ©2024 Cushman & Wakefield. All rights reserved. The information contained within this report is gathered from multiple sources believed to be reliable. The information may contain errors or omissions and is presented without any warranty or representations as to its accuracy. cushmanwakefield.com

HISTORICAL SUBLEASE AVAILABILITY

20,000

18,000

16,000

14,000

12,000

10,000

8,000

6,000

4,000

2,000

0

2020

2021

2022

2023