Fivetran is trading its current Denver digs for prime space in RiNo, signing a roughly 33,000-square-foot lease for the top floor of the new Steel House office tower and planning to move in this October. The Oakland-based data company will consolidate its local operations from Steam on the Platte, becoming the first announced tenant in the building and giving the project a high-profile early win in a still-soft Denver office market.
According to BusinessDen, the deal was inked in the last quarter, with Newmark brokers Josh Pons, Andrew Blaustein, and Rider Stoglin representing Fivetran in the transaction. The outlet reports that Fivetran expects to occupy the full top floor in October, at which point the new space will fully replace its current Denver outpost.
Steel House's design and amenities
The 12-story Steel House spans roughly 320,000 square feet and was delivered late last year by Beacon Capital Partners and Elevation Development Group, according to LoopNet. The project is organized around a large outdoor “Park” and wellness-focused amenities, including a multi-level fitness center and rooftop terraces. A 13,000-square-foot communal deck is among the headline features, highlighted in developer coverage by MileHighCRE.
Property listings and design materials emphasize generous floorplates and indoor-outdoor connections as key selling points for tech and creative tenants who want collaborative spaces without sacrificing modern perks.
What it means for RiNo's office market
Fivetran’s lease lands as RiNo continues to wrestle with a high level of space. CBRE pegged the submarket’s office vacancy near 43% in the fourth quarter, compared with roughly 28% across the broader Denver metro, according to reporting cited by BusinessDen. In that context, securing a sizable tenant for Steel House’s top floor is a significant early milestone that helps the building avoid the kind of slow leasing start that left some nearby projects largely quiet after delivery.
Fivetran’s Denver footprint and timeline
Fivetran first planted its Denver flag in 2019 at the converted Steam on the Platte warehouse, a move that helped the company build out a local engineering and analytics team, according to Bisnow. Opting for a top-floor presence at Steel House signals a continued bet on amenity-rich, visible office space as the firm scales its Denver operations.
