How Expansive Transformed Denver Tech Center
Introduction
Ownership engaged Expansive to reposition a former Regus location at Denver Tech Center into a modern, amenity-rich flexible workspace that could compete at the highest levels of today’s office market.
With ambitious targets: renovate the space for under $40/sf, reach break-even in the first year, and return all invested capital within two years. Expansive was brought in to deliver both the vision and execution.
The Landlord Partnership Program at Work
This project is a standout example of Expansive’s Landlord Partnership Program, a proven model that helps property owners transform underperforming or transitional office spaces into thriving flexible workspaces. With 13 successful takeovers and counting, the Denver Tech Center story showcases what’s possible when speed, strategy, and execution align.
The Challenge
In 2023, ownership engaged Expansive to transform a dated former Regus location at Denver Tech Center into a competitive, high-performance flexible workspace. Regus had operated in the space since 2005, and although the footprint was functional, it was no longer aligned with modern workplace expectations and was falling behind.
The ownership team set aggressive performance targets:
• Renovate the space for under $40 per square foot
• Reach net operating income break-even in Year 1
• Return 100% of invested capital by the end of Year 2
The Solution
Expansive executed a two-phase renovation strategy to bring the space to market quickly while aligning with long-term goals. Phase I focused on speed and cost-efficiency, delivering light space plan adjustments, new flooring, paint, lighting, furniture, and IT upgrades, all completed in 90 days and under the $40-per-square-foot budget.
Phase II introduced more significant layout changes, converting underutilized areas into premium private offices and team suites in response to growing demand. By phasing the improvements, Expansive was able to launch early, generate revenue fast, and scale the offering based on real-time tenant interest, all while maintaining design consistency and operational efficiency.
The Outcome
• NOI-Positive from Month 1
• 100% Occupancy by Month 9
• Pre-leasing Phase II suites
• On track to return all invested capital before end of Year 2
Creating Value … Expansive Denver Tech Center has become a model for how Expansive turns underutilized office assets into high-performing flex workspaces through smart design and fast execution.
Scalable Success … What began as a single-floor activation quickly expanded, driven by demand and strong early performance, proving the success of the phased approach.
Market-Aligned Growth … Continued pre-leasing at above-market rents reflects Expansive’s ability to meet evolving tenant needs and outperform competitive offerings.
Expansive Denver Tech center is now a hub for flexible workspace in Denver and home to over 80 companies (and growing).
Want to Unlock More Value from Your Asset?
The Denver Tech Center success story is just one of over a dozen takeovers completed through Expansive’s Landlord Partnership Program. Whether you’re looking to reposition a legacy flex operator, fill a vacancy, or future-proof your asset, our team brings the expertise, speed, and proven model to deliver results.
Let’s explore what’s possible for your property. Contact our partnership team.
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About Expansive
Expansive creates workspaces where people and companies thrive. The nation’s premier owner-operator of flexible solutions, with over 4 million square feet of workspace. Expansive helps individuals and enterprise clients find comfortable, convenient, and affordable office and event solutions for teams of all sizes. Visit one of our 30+ locations across 25+ U.S. cities and start thriving today!
