Denver

Combined NLA 799,121 SF
Combined Carrying Value US$190.03M
Portfolio Weight 13.20%

Properties

Westmoor Center

10055 - 10385 Westmoor Drive Westminster, Colorado
Carrying Value US$130.0M
Committed Occupancy 97.60%
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105 Edgeview

105 Edgeview Drive Broomfield, Colorado
Carrying Value US$60.0M
Committed Occupancy 100%
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At A Glance

Denver, Colorado is categorised as one of the hottest inland markets in the country for businesses growing their footprint. It has one of the fastest growing populations with a well-educated millennial workforce. Denver boasts a widening pool of Science, Technology, Engineering and Mathematics (STEM)-based technology and research talent. A large beneficiary of California out-migration with convenient access to stunning national parks, Denver remains a top destination for experienced skiers, hikers, mountain climbers and outdoor adventurers alike. The influx of Google, Apple, Twitter and Amazon employees settling into Boulder has been a massive driver for large aerospace, oil and gas companies relocating to the approximately 8 million sf office submarket of Westminster.

A northwest corridor situated between Denver and Boulder, Westminster is the only suburban market currently capturing the Denver draw for A-list companies and top technology talent amidst the unique natural beauty and outstanding quality of life.

12th Fastest Growing City
Largest Population Growth US City 11th 127,386 increase in population between April 1, 2010 and July 1, 2019
Vacancy Average
Vacancy Average 8.5% Across Northwest submarket Class A office assets
Northwest Corridor Migration
Northwest Corridor Migration The moratorium on new development in Boulder is successfully pushing mature technology companies into the Northwest corridor.

Growth Metrics

GDP Growth Average
2015-2019(1): U.S. average 2.5%
4.0%
Employment Growth Average
2015-2019(2): U.S. average 1.6%
2.4%
Population Growth Average
2015-2019(3): U.S. average 0.6%
1.5%
  • (1) U.S. Bureau of Economic Analysis
  • (2) U.S. Bureau of Labor Statistics
  • (3) U.S. Census Bureau, Population Division

Quality of Life

Rocky Mountain Metropolitan Airport
Walnut Creek Golf Preserve
Colorado Hills
Standley Lake
Rocky Flats National Wildlife Refuge
Red Rocks Park & Amphitheatre
Denver Art Museum
Skiing and Snowboarding