Breaking down the Colorado labor department’s new downtown lease - BusinessDen

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Breaking down the Colorado labor department’s new downtown lease - BusinessDen

The office and hotel tower at 707 17th St. in downtown Denver on Feb. 10, 2025. (Thomas Gounley/BusinessDen) Colorado’s labor department will pay a blended annual base rent of just under $21 per square foot in its first year as the state agency moves across the street, according to a BusinessDen analysis. The state agency told BusinessDen last month that it will cut its footprint by a third — from 185,000 to 131,000 square feet — in connection w…