Tributary Real Estate Blog

Office Market Recap

Denver continues to show signs of recovery, holding its position as the fifth most preferred market in the U.S. for real estate development. Vacancy rates in the Denver Metro Area are decreasing, with each of our submarkets outside of Downtown Denver (West, Northwest, Glendale, Cherry Creek, and Denver Tech Center) exhibiting lower vacancy rates compared to the first quarter of 2022. […]

Shedding Light on the Return to Office

As companies navigate their long-term workplace strategies, one thing remains clear: hybrid work environments are here to stay. What remains unclear for many companies, however, is how to navigate the return to office and what the new normal for in-person work looks like. Knowing that each company’s strategy will uniquely reflect the interests of its business and employees, we’ve broken down trends and best practices to help guide companies returning to the office. […]

2022 Denver Office Market Outlook

As we enter our third year of the COVID-19 pandemic, the Denver office market is beginning to look more familiar to those of us who have been here awhile – even if we are far from the boom we were experiencing prior to the pandemic. Leasing activity picked up considerably in the latter half of 2021 as vaccination rates increased and companies expressed higher confidence in returning to the office. With little to no signs of that changing as we enter a new year, it’s still very much a tenant’s [...]

Q3 2021 Market Update

Metro Denver’s commercial real estate market is showing signs of a return to normal following a rocky few quarters caused by the COVID-19 pandemic. There’s no question that there are still challenges to overcome as the marketplace tries to right itself after an unprecedented shock, but a few glimmers of hope for the office market popped up in the third quarter of 2021. Perhaps the most encouraging statistic from the most recent quarter is the positive net absorption of office space, the first time this figure has ventured into positive [...]

Creating and Maintaining a Strong Company Culture

The last eighteen months have taught us a lot, but there are two lessons which have really resonated with us at Tributary: health is vital and so are the people you surround yourself with. Not only does a healthy work environment lead to fewer sick days, but it will likely increase the success of your company overall. In fact, a study published by the Behavioral Science and Policy Association showed that employees were 50 percent more likely to experience health problems in an uneasy or stressful work environment. On the [...]

The Evolution of Co-Working Spaces

Before COVID-19 turned typical office life on its head, coworking was already amid an enormous boom that saw millions of square feet of office space leased to coworking providers in the hearts of the biggest cities in the world, Denver included. This boom ran into a roadblock in the form of stay-at-home orders and social distancing, neither of which lent themselves to working everyday side-by-side with near-strangers. But as we work to emerge from COVID, what was once a niche movement within office real estate is poised to evolve into [...]

Q2 2021 Market Update

The greater economy is clearly on the rebound after more than a year of holding its breath in anticipation of how long the COVID-19 pandemic would last and how severe its impacts would be. And while there are good signs ahead as we get back to business, the commercial real estate market in metro Denver began to show more signs of strain in the second quarter of 2021 – which could put tenants in a better position to secure office space at a more favorable rate. […]

Return to the Office

Getting back to the office is the talk of the business world these days, as company leaders and employees consider their plans for returning to a semi-normal state of work. It’s the moment many of us have been waiting for, a signal that the COVID-19 pandemic has loosened its grip on our daily lives after more than a year of working from home for most office workers. But going back to the office isn’t as simple as it sounds. The notion of returning is vastly more complicated than just telling [...]

Tenant Improvement: Construction Considerations

People are headed back to their offices across metro Denver as the effects of the COVID-19 pandemic wane, with many companies re-engineering their strategies around office usage to accommodate changes in employee preferences and business realities. These changes often necessitate tenant improvements to a new or existing office space, which is an exciting opportunity for business leaders to infuse culture and flow, but in today’s environment can be extra challenging, requiring additional consideration and expert navigation. Even before COVID-19 sent global commodities markets into a tailspin, construction materials costs were [...]

Denver Market Insights from Q1 2021

With the first quarter of 2021 behind us, we now have a clearer view into the impact of the depths of the COVID-19 pandemic on our local commercial real estate market. As expected, the office market has been dealt a couple of setbacks, but if you’ve been considering a new office space, now could be a great time to make your move, with an experienced, knowledgeable brokerage team by your side. […]

Tributary Named DBJ Small Business Award Honoree

When we founded Tributary in 2015, we set out to do things differently. We organized our firm around the philosophy that relationships come first, and have since developed a set of five core values that guide us personally and as a company. We have worked hard to grow our business thoughtfully, intentionally and with dedication to each other and the Denver community. That’s why we’re so proud to have been named one of the Denver Business Journal’s 2021 Small Business Award honorees. Commitment to community is the theme that runs [...]

2021 Office Market Outlook

While market downturns aren’t anything new – many of us have ridden out one or two major ones firsthand – 2020 and the COVID-19 pandemic brought a level of unpredictability that couldn’t have been anticipated. Despite all the unknown, however, our team continues to find opportunities and help clients take advantage of the market. When business and economic considerations become dependent on how quickly a virus spreads, business-as-usual goes out the window. Rolling stay-at-home orders and business closures have resulted in mass layoffs, and subsequent financial hardships for some companies [...]

A Year Like None Other

It’s safe to say that 2020 has come with unexpected challenges. From the abrupt shift to a virtual office environment to the subsequent shifting of the Denver market, there has been a lot to navigate as a team this year. Our in-person meetings and gatherings might have been few and far between, but thanks to the ongoing drive and fortitude of Team Tributary, we have gotten through it and learned so much together as a team. We wanted to share a few of the biggest lessons, takeaways, favorite moments and [...]

‘Tis the Season to Sublease

As we close out 2020 and look towards a (hopefully) very different 2021, many companies are still unsure about what to do about their office space. One growing trend? Subleasing. As hundreds of businesses choose to downsize or leave their office spaces entirely due to COVID-19, sublease availability in Denver has jumped to record levels. At the end of Q3 2020, there were 4.3 million square feet of sublease space available, a 28.2% increase quarter over quarter. With total construction volume reaching 3.3 million square feet, and only 9% of [...]

Q3 2020 Denver Office Market Outlook

In a year that has been anything but predictable, it’s safe to say we’ve all been navigating quite a lot. Companies across Colorado have had to face many difficult decisions, including what to do with their current office space. During Tributary’s recent “Denver Office Market Outlook” virtual panel moderated by Partner and Managing Broker Andy Cullen, local industry experts weighed in on the current state of the Denver office market and what’s next for the Mile High City. Below, you’ll find a full recording of the panel as well as [...]

Denver Office Market Update Q2 2020

Denver’s commercial real estate market entered Q2 2020 in a strong position, even as COVID-19 forced the majority of the state to shut down starting in mid-March. While Denver’s office landscape is starting to shift as companies re-evaluate their space needs, there is steady activity across the Denver metro area. Here are some highlights of Denver's commercial real estate activity in Q2 2020.   Downtown Denver The market continues to shift as 58 new subleases have hit the downtown market since April 1. Facebook announced plans to double the size [...]

Black Lives Matter

We believe that Black Lives Matter. We have been filled with sadness and anger watching the series of disturbing and tragic events that have recently taken place in Black communities across the country – including the deaths of George Floyd, Breonna Taylor and Ahmaud Arbery – and the fact that this has been a reality for far too long. Systemic racism continues to plague the United States. It is up to all of us to come together, acknowledge the problems and educate ourselves so that we can become part of [...]

Re-Opening Your Office Space Recap: Video + Key Takeaways

Re-opening office spaces across Colorado requires thoughtful planning, clear communication and patience for employers, employees and property managers alike. During Tributary’s recent “Re-Opening Your Office Space” virtual panel moderated by Partner Amy Aldridge, local industry experts weighed in on what it looks like for companies to create and implement a successful re-entry plan. […]

Resource Guide: How to Re-Open Your Office

There are many factors to consider as you look to re-open your office while navigating COVID-19. With so much information out there, it can be hard to know where to start. Here are some helpful tips and resources for creating a plan that supports employee health and safety, while allowing you to resume your ‘normal’ business operations as much as possible. Finding the Right Time Across the US, different states and municipalities are lifting stay-at-home orders, including in Colorado.  It’s important to understand the scope of these new orders before [...]

Video + FAQ: Navigating Your Office Lease During COVID-19

Tributary Real Estate recently hosted a virtual panel with top commercial real estate experts to discuss how companies should navigate their office leases during COVID-19. Our panelists answered some of the most pressing questions we're seeing from our clients and others in the business community - from how COVID-19 is affecting real estate decisions to legal options for lease terms to how you should be negotiating with your landlord, and more. If you weren't able to attend, please watch the video below. We've also included an FAQ that highlights our [...]

Coronavirus (COVID-19): How to Navigate Your Office Lease

Millions of businesses around the country are trying to settle into a new normal for their workplace routine. For office tenants, this means a huge shift towards working from home for the majority, if not all, of their employees to help stop the spread of COVID-19. As you continue to navigate this new virtual reality as a business leader, there are thousands of questions running through your mind: Will we make it through this? Are my employees OK? What does this mean for productivity? How will this impact my team’s [...]

Coronavirus (COVID-19): The Impact on Commercial Real Estate Lending

As this unprecedented situation with coronavirus (COVID-19) continues to impact communities around the world, people are seeking answers, particularly regarding the current state of financial markets. How will commercial real estate lenders respond as uncertainty continues to overshadow the market? Here’s some insight. Recently, the federal government pumped $1.5 trillion into the economy in an effort to calm the market and provide liquidity so that business and property owners can maintain operations and keep people employed. For commercial real estate owners in Colorado, this could be one of the greatest [...]

Tributary Real Estate Expands Brokerage Team

Mark Floersch Joins Growing Commercial Real Estate Firm DENVER (March 4, 2020) – Tributary Real Estate, a fully integrated brokerage, development, lending and investment firm based in Colorado, recently welcomed Senior Broker Mark Floersch to its brokerage team. “Mark brings a fresh perspective to the Denver market and a strong track record of executing real estate strategies for high-profile clients,” said Andy Cullen, partner and managing broker for Tributary. “His proven success and relationship-centric approach to commercial real estate will help us take our client services to the next level.” [...]

Denver’s Commercial Real Estate Market Update: Q4 2019

It’s no secret that Denver’s commercial real estate market has been incredibly strong for the past few years. In 2019, this uphill trend continued, revealing sustained strength across nearly every sector. Meeting the high demand for commercial and industrial real estate, including downtown high-rises, suburban business parks, warehouses and manufacturing facilities, Denver continues to heat up with new developments to keep pace. Here’s a round-up of Denver commercial real estate activity in Q4 2019. Downtown Denver: While Downtown Denver experienced a decrease in active construction during Q4, plans for more [...]

Decade in Review: Denver’s Commercial Real Estate Cycle

Since the global financial crisis over a decade ago, Denver has solidified its status as a city where people – and businesses – want to be. As high-profile companies relocate their headquarters and key operations here, the Mile High City continues to have undeniably strong economic fundamentals. In fact, Denver has consistently ranked among the Top 10 recession-recovered cities for the past few years. As a result, Denver has become an attractive market for investment. Over the past decade, commercial real estate has seen a steady influx of both domestic [...]

9 Reasons to Use a Commercial Real Estate Broker

One of the most frequently asked questions by potential clients is why they should use a broker like Tributary to secure an office lease. As a business owner, you may assume that you can reduce the amount of time, energy and costs it takes to find a commercial space by navigating the process on your own. In reality, a talented broker can make the process easier for you. At Tributary, we understand that real estate is one of the highest expenses of running a business and that it has a [...]

Our Community. Our Responsibility.

Giving back to our Denver community is a critical part of Tributary Real Estate’s culture. From volunteering with industry associations and nonprofit organizations to leading business community initiatives and helping guide public policy, our team is committed to improving the health and wellbeing of the neighborhoods we serve every day. Since 2017, our team has spent hundreds of volunteer hours in and around the Denver Metro Area. As a team, we have delivered groceries to hungry families and individuals for Metro Caring, one of Denver’s largest hunger relief programs that [...]

What Opportunity Zones Mean for Denver’s Growth

“Opportunity Zones” are top of mind in Denver’s development world right now. Since the new tax incentive launched in January 2019, developers and investors – really anyone in the commercial real estate industry – have been trying to figure out exactly what it means and how to take advantage of it. While there are multiple opinions on how it will shake out, the general consensus is that it will ultimately benefit Denver’s (and Colorado’s) growth. Designed as an economic development driver, the federal Opportunity Zone program is part of the [...]

Get to Know Team Tributary

We guarantee you won't find a team of brokers, developers and investors who enjoy what they do quite as much as us. We love Denver, and make it our job to know the ins and outs of this market so we can make informed decisions that maximize value for our clients and partners. Plus, we have fun doing it. Our customized approach to Denver brokerage, development and investment is built on strong relationships and data-driven insights. Watch this video to get to know who we are and what we're all about! [...]

High-Performing Buildings and Your Bottomline

‘High-performing’ buildings – a term that has evolved from the concept of ‘green’ buildings – aren’t new to the Denver market, but with so much emphasis put on them in this current construction cycle, it’s important to understand what they mean for your company, your employees, and – perhaps most importantly – your bottom line. Whether you’re a small-, mid- or large-sized company, you’re faced with a myriad of decisions when it comes to choosing the right office space. While location and amenities are usually top of mind, sustainability is [...]

Building Sale Basics: Rising Costs

When a building changes hands – a trend all too familiar in Denver right now – it’s hard to understand exactly how it will affect you and your business as a tenant. That’s why we’re continuing our “Building Sale Basics” series with this next installment that breaks down how a building sale can potentially increase your cost exposure. As commercial real estate continues to increase in value, buildings are selling at record prices. There are multiple factors that feed into this increased value, including a rise in land prices, construction [...]

Pros and Cons of Coworking Spaces

As the Denver market continues to grow, one particular type of real estate seems to be popping up everywhere you turn: Coworking spaces. Designed for flexibility and ease of use for startups, freelancers and even established companies looking for interim or flexible workspace options, coworking spaces are attracting major attention and making headlines almost weekly. No longer just a fad, this type of office space is a force to be reckoned with. […]

Building Sale Basics: The Estoppel Certificate

With Denver’s commercial real estate market showing few signs of slowing down, hardly a week goes by without a headline exalting the sale of another commercial real estate property. And while it may not seem all that relevant to your business if you don’t happen to lease in that building, it’s important to be prepared to protect your interests and limit your risk should your building change hands. […]

Coworking or Traditional Office Space? Here’s What to Consider.

You’ve gone from being a fledgling startup to a full-fledged business owner. Your client list is growing by the day, maybe you’ve received your first round of funding, and it’s not just you and your dog in the basement anymore. You know you need an office to house your growing team, but deciding how much to spend and the best office space for you has probably left you with a lot more questions than answers. […]


Commercial real estate, as an industry, has traditionally been slow to adapt to new technology. From brokerage to development to investment, the processes have been relatively static (and heavily reliant on good ol’ fashioned paper), but CRE is finally starting to embrace the efficiencies technology affords, and at Tributary, we aim to lead the way. While we’ve already made the shift to using tablets and iPads rather than printed packets to lead potential investors and tenants through walkthroughs of available developments, we’re in the process of making an even bigger [...]

Meet Our New Dedicated Brokerage Team

Exciting things are happening at Tributary Real Estate and we are thrilled to share our latest news with you: we’ve officially launched a dedicated brokerage services division! By expanding our brokerage division and adding a fully dedicated team to this service line, we can better position our clients for long-term success throughout the Denver area. Veteran broker Andy Cullen will lead the division. Together Andy and Ryan Arnold, partner at Tributary real estate, put together a team that knows the Denver market inside and out. They handpicked each of these [...]

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