Coworking Report: Denver CBD
Michael Coppola • 10/11/2018
Coworking space has grown explosively in the Denver CBD.
At the beginning of 2015, there was only 21,381 SF of coworking space. Since then, over 607,000 SF of coworking space has been added with more than 117,000 SF already in the pipeline to open in 2019. Furthermore, each year has added an increasingly larger amount with roughly 98,000 SF added in 2015, more than 158,000 SF added during 2016, 189,000 SF in 2017 and more than 206,000 SF YTD already in 2018. Expect this trend to continue in 2019 with more than half of the current 2018 total already in the pipeline. This immense increase is obviously driven by growing tenant demand for such space, but why?