What is the average Class A rent in Denver?

Around 38 USD/sqft/yr ($38 USD) across the broader Class A index. Trophy submarkets like LoDo (Lower Downtown) command 20–40% above that.

How many months of rent-free are normal in Denver?

14 months on a 10-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.

Are rents rising or falling in Denver?

The Denver Class A market is currently softening. Vacancy is 23.5%, which sets the negotiating context.

Headline Class A rent in Denver is around 38 USD/sqft/yr ($38 USD), with 14 months of typical rent-free on a 10-year term.

Headline Class A rent: 38 USD/sqft/yr ($38 USD).
Trophy submarket rents (LoDo (Lower Downtown)) push to roughly $56/sqft/yr.
Typical concessions on a 10-year deal: 14 months free rent.
Vacancy stands at 23.5% — market trend is softening.
Use effective rent (face minus PV of concessions), not headline, to compare deals.

Denver Class A office rents and incentives

Headline Class A rent in Denver is around 38 USD/sqft/yr ($38 USD), with 14 months of typical rent-free on a 10-year term.

TL;DR

Headline Class A rent: 38 USD/sqft/yr ($38 USD).
Trophy submarket rents (LoDo (Lower Downtown)) push to roughly $56/sqft/yr.
Typical concessions on a 10-year deal: 14 months free rent.
Vacancy stands at 23.5% — market trend is softening.
Use effective rent (face minus PV of concessions), not headline, to compare deals.

Headline rent vs. effective rent

Asking rents in Denver are quoted in USD per sqft per year. Across the broad Class A index the figure is 38, but the trophy tier in LoDo (Lower Downtown) reaches roughly $56/sqft/yr. Always discount headline rent by the present value of free rent and fit-out-capex">tenant improvement allowance to land on effective rent — the only number that compares cleanly across deals.

Rent-free and TI

Standard Denver concessions on a 10-year Class A lease run to 14 months of base-rent abatement. Trophy lease-ups can push rent-free 25–40% above that benchmark. Local cost-of-occupancy is also shaped by tax — 21% federal plus 4.4% Colorado corporate income tax for an effective rate near 25.6%. Denver occupational privilege tax applies.

Where rents land by submarket

LoDo (Lower Downtown) sits at the top end (~$56/sqft/yr). Cherry Creek clears around $48/sqft/yr as the prime tier. Denver Tech Center represents the value end at ~$32/sqft/yr. The full submarket map is on the Denver city page.

Key facts

city	Denver
country	United States
region	Americas
classARentLocal	38 USD/sqft/yr
classARentUsd	$38/sqft/yr
vacancy	23.5%
typicalLeaseYears	10
typicalRentFreeMonths	14
submarkets	5
primeYieldPct	7.1%
trophyRent	$56/sqft/yr
primeRent	$48/sqft/yr

Frequently asked questions

What is the average Class A rent in Denver?: Around 38 USD/sqft/yr ($38 USD) across the broader Class A index. Trophy submarkets like LoDo (Lower Downtown) command 20–40% above that.
How many months of rent-free are normal in Denver?: 14 months on a 10-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.
Are rents rising or falling in Denver?: The Denver Class A market is currently softening. Vacancy is 23.5%, which sets the negotiating context.

Editorial provenance

Reviewed by Miriam Hollander — Lead market analyst. Last updated 2026-04-15. See our methodology and editorial standards.

Primary sources for this page

CBRE Marketview reports — CBRE
JLL Office Insight — JLL
Cushman & Wakefield Marketbeat — Cushman & Wakefield
Savills World Research — Savills
Colliers Global Office Outlook — Colliers

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