The Q1 2026 Denver office investor report shows sales volume surging 60% to $1.2B as private equity and opportunistic capital return to the market at a 9.3% cap rate — the most attractive entry point in over a decade. Average pricing has reset to $205/SF, roughly 20% below the 2021 peak, while vacancy climbed to a record 18.1%. SVN Denver’s Brian McCririe, MCR breaks down the seven key data points shaping the Denver office investment landscape heading into Q2 2026.

Denver’s industrial real estate market is repricing in Q1 2026, with vacancy at a two-decade high of 9.2% and a 7.7% market cap rate offering the best entry yields since before the pandemic. Trailing-12-month sales volume reached $2.1 billion across 586 trades, up 16% year-over-year, with pricing settling at $168/SF — roughly 10% below the 2022 peak. Submarket leaders like DIA (+516 KSF net absorption) and North Denver (+472 KSF) are outperforming, while disciplined investors are finding durable cash-flow opportunities the frothy 2021–2022 cycle never offered.