Market Highlights
- Overall vacancy stands at 27.0%, down 190 basis points (bps) from 28.9% in Q3 2024, while available space held steady at 1.6 million square feet (msf).
- High vacancies and weak demand have left new labs idle, including BioMed Realty’s 5505 Central Avenue, which has seen little activity since its completion last year.
- Denver-Boulder is experiencing record venture capital (VC) funding in 2025 year to date, with $1.5 billion raised compared to 2024’s total of $792.5 million, an increase of 89.3%.