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 of its office at 1900 16th St.
  • Occidental Petroleum Corp. is looking to sublease six floors totaling 130,068 square feet at 1099 18th St.
  • Dispatch Health raised $136M in Series C funding.
  • A parking lot at 1300 Cherokee St. in the Golden Triangle sold for $6.7 million.

 West Denver

  • Bancroft acquired Union Terrace Building for $11,327,200 or $132.62/sf. The building was 86% leased at the time of the sale.
  • Tap Rock Resources leased 23,000 sf at 523 Park Point Dr. in Genesee.
  • Golden View Classical Academy acquired a 54,396-square-foot building at 601 Corporate Circle for $7,783,400 or $143.09/sf.
  • Next Level Sports Performance acquired a 10,875-square-foot building at 4670 Table Mountain Dr. for $2,325,000 or $213.79/sf.

Northwest Denver

  • Rowdy Mermaid, a kombucha startup in Boulder, raised $3.5M.
  • Crocs opened its new headquarters at ATRIA in Broomfield.
  • Office Evolution, a Louisville-based coworking franchisor, opened its 15thColorado location in Northglenn.

Colorado Blvd/Glendale/Cherry Creek

  • The Citadel building in Cherry Creek sold for $33M.
  • Former Inn at Cherry Creek announced plans to reopen next year as The Clayton.
  • BMC Investments broke ground on a 6-story building in Cherry Creek, anchored by Equinox fitness club.

 Denver Tech Center

  • Vectra Bank submitted plans to build a nine-story HQ within Belleview Station.
  • Boom Supersonic, a startup looking to build commercial supersonic jets, raised $3 million.
  • The landlord of the six-story Tuscany Plaza in Greenwood Village sued Red Robin for unpaid rent.