Submarket Snapshot_4Q2023_Office_Interactive

SUBMARKET SNAPSHOT CENTRAL BUSINESS DISTRICT

OFFICE 4Q23

KEY LEASE TRANSACTIONS Q4 2023

DATE LEASED

PROPERTY

TENANT

SIZE (SF)

TYPE

MICROMARKET

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

370 17th Street

City and County of Denver

72,200

New Deal

Uptown

Nov-23

1001 17th Street

Coresite, LLC

49,500

Renewal

Midtown

Dec-23

1900 16th Street

PricewaterhouseCoopers, LLP

47,500

New Deal

LoDo

Nov-23

1560 Broadway

IWG

43,300

New Deal

Uptown

KEY SALES TRANSACTIONS YTD 2023

DATE SOLD

PROPERTY

BUYER | SELLER

SIZE (SF)

SALE PRICE PRICE/SF MICROMARKET

Concord Energy, LLC | Westfield Company Edwin P. Aro | Cherry Creek Family Office

May-23

1430 Wynkoop Street

44,000

$18.1M $410/SF

LoDo

Jan-23

1725 Blake Street

15,800

$4.0M $255/SF

LoDo

Feb-23

1420 Blake Street

Gibson G. Smith | Douglas S. Brown 16,700

$1.9M $194/SF

LoDo

UNDER CONSTRUCTION PROJECTS

ADDRESS

OWNER / DEVELOPER

SIZE (SF)

MAJOR TENANTS

MICROMARKET

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

Riverside Investment & Development

1900 Lawrence Street

704,000

Gibson, Dunn & Crutcher

Midtown

HISTORICAL SUBLEASE AVAILABILITY

2.5

2.0

1.5

1.0

SF(Millions)

0.5

0.0

2018 2019 2020 2021

2022 2023