Saturday, February 13, 2010

CRE Dealt a Huge Blow in Denver

Qwest, which leases one of the largest and highest profile buildings in Denver has notified its landlord that it is not going to renew the lease.  Qwest was required to lease the whole building, of which it subleases out about half of the space, in order to hang its obnoxious neon blue sign at the top.

Here's the link to the article:  Qwest downsizes, leaves a big hole in Denver CRE

This is a huge blow to the commercial real estate market.  My guess is the best shot anyone has at filling up that space is if Obama gives some "stimulus" money to a windmill or solar energy company to replace the space being vacated by Qwest.

0 comments:

 

©  Powered by Simple Healthy