Inverness (Office Submarket Report)

[Melissa Marney]

Inverness, settled in the Southeast Suburban area of Denver, is an ideal location for large corporate companies. The area is saturated with skilled workers, is surrounded by relatively affordable housing, and offers easy access to local attractions or Denver. According to CoStar, “Technology, finance, and healthcare companies are prevalent throughout this submarket. DirecTV, Comcast, and ViaSat have a large office presence”.

Leasing activity in the area has been quieter than usual with more companies shifting towards hybrid or remote work. This has caused the vacancy rate in the area to rise to 17.7%, one of the highest in the Denver area. However, this was not necessarily a pandemic-driven trend, some offices have sat vacant since 2019.

This is not to say that there are not companies eager to find office space. Companies in defense and aerospace have boosted office leasing in the Denver area near Inverness. The healthcare industry has also been very active in the area, including large companies such as United Health Care and AllHealth.

Major new developments in the area have been limited in the locale in the last decade, with more building going on in the neighboring Denver Tech Center. There is not anything currently under construction in the area, likely because of variability in economic predictions for the coming year. But, it is worth commercial buyers considering, with an almost 10% smaller price tag than similar spaces in Denver.

CoStar notes, “Investors are increasingly drawn to the growing Southeast Suburban Corridor where a high concentration of large corporate users were located, and investment activity picked up in the post-pandemic era…”. If you are interested in learning more about available space in Inverness, our Corken + Company team is here to help. Learn more about our commercial real estate services at https://www.corken.co/services/commercial/

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