Denver Tech Center Commercial Real Estate

What Shapes Denver Tech Center Commercial Real Estate

The Denver Technological Center, or DTC, began in the 1960s as a business park along I-25 and grew into a major employment center. It is not a city: the DTC spans parts of Denver, Greenwood Village and Centennial, so jurisdiction, taxes and zoning depend on the exact address.

Light rail stations at Belleview, Orchard, Arapahoe at Village Center and Dry Creek connect the DTC to downtown Denver and the rest of the metro. Office still defines the market, alongside hotels, restaurants, retail and a growing amount of residential and mixed-use development.

Property Types We See in the Denver Tech Center

• Class A and Class B office towers and mid-rise buildings
• Sublease space from companies resizing their footprint
• Medical and professional office
• Retail, restaurant and hospitality space serving the daytime population
• Older office buildings with repositioning or conversion potential

Buying, Selling and Leasing in the Denver Tech Center

For tenants, the DTC offers real leverage right now. With more direct and sublease space available than a few years ago, our tenant representation work focuses on effective rent, concessions, tenant improvement allowances and flexibility. Companies that would rather own can look at smaller buildings and office condos through our owner-user acquisition process.

For owners and investors, value comes down to leasing risk and capital needs. When it is time to sell commercial property in the DTC, we price it from current comparable sales and leases and from how today’s buyers underwrite office.

How We Evaluate Denver Tech Center Commercial Real Estate

We look at location and access, building quality and condition, the rent roll and lease expirations, operating expenses, tenant credit, parking, amenities and the depth of the buyer or tenant pool. Because the DTC crosses city lines, we confirm the jurisdiction for every property. Denver South, the regional economic development partnership, publishes useful information on the area, and our valuation calculator helps you run the first-pass numbers.

Questions We Ask Before Any Deal

Before a client commits, we want clear answers to a few questions. How much space does the company need with today’s work patterns? Is a direct lease, sublease or purchase the better fit? What are the true costs once operating expenses, parking and buildout are counted? And for investors, what does the lease rollover and capital plan look like over the hold? Answering those first keeps the decision clear.

Common Questions