LoDo office values still falling but I think the panic is overblown

I've been tracking the 16th Street corridor deals since 2022 and yeah, some buildings are trading at like $150 a foot now versus $400 back then. But that's mostly the old Class B stock with deferred maintenance, the newer Class A properties with actual amenities are holding closer to $275. Are other folks seeing two distinct markets forming instead of one flat decline? I feel like everyone lumps all office together and that's just not what the comps show.

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the_fiona17d ago

Tbh I read something the other day about how the 16th Street corridor is becoming two separate markets, and your numbers back that up. The older buildings are basically getting priced as redevelopment plays, while the newer ones with gyms and rooftop stuff are still getting real interest from tenants. Ngl, it feels like we're not in a crash, just a big reset where the bad buildings eat the pain and the good ones mostly sit still.