A Wall Street Journal real estate column late last year declared that office building lobbies for the last century “served as little more than sterile passageways between the sidewalk and the desks above …” A small dose of urban hyperbole, to say the least, but there is truth in the sentiment.
Aging Class A office buildings in metro Denver and every other major American market are struggling to keep pace with similar renovated properties and, certainly, with new product. Lobby spaces for years have been tagged for redevelopment largely because no other options exist to introduce or improve amenities within those existing buildings. Improvements might include upgraded collaboration spaces, coffee shops, cafes, conference rooms, fitness rooms and a wide range of other modifications designed to offer tenants more options without having to leave the building.
