Whether you are an investor or an owner user, there are a few things you should consider about the greater Denver area when it comes to acquiring real estate or leasing real estate space for your business. At a glance, here are some things to consider…
2019 Ranked #4 by Forbes Lists - Best Places for Careers and Business.
The mountain range visible from the city of Denver is 140 miles long featuring 32 peaks that reach above 13,000 feet high which are all nestled among the 200 Peaks in total. This creates an ambience which is hard to replicate just anywhere.
Denver has an unemployment rate of 3.0%. The US average is 3.9%.
Denver has seen the job market increase by 2.8% over the last year. Future job growth over the next ten years is predicted to be 45.0%, which is higher than the US average of 33.5%. Colorado’s economy growing at its fastest rate since 2015, according to the U.S. Bureau of Economic Analysis. State GDP measures the output of goods and services in a state. It rose 3.5 percent, adjusted for inflation, in Colorado last year, up from 3.1 percent in 2017 and 2.4 percent in 2016. It was 4.4 percent in 2015. In 2019, we had good growth across all areas. Colorado ranked 7th overall among states for economic growth in 2019.
Denver offers the 10th largest downtown in America and it is one of the most exciting downtown cities in America and is highly walkable making it a plus for the live, walk, work scene. Denver has three major sports stadiums, it has the nation's second-largest performing arts center, and there are more than 8,400 hotel rooms and over 300 restaurants in Denver. Denver has a $140 million theme/water park (a future redevelopment), a $100 million aquarium, including various History, Science, and Art Museums. In short, Denver has an incredible entertainment district which doesn’t include the amazing outdoor recreation the state of Colorado has to offer.
Speaking of outdoor recreation, Denver has more than 200 parks within the city and 20,000 acres of parks in the nearby mountains, including spectacular Red Rocks Park & Amphitheatre. The parks are well utilized as Denver has a mild, dry and sunny climate with more annual hours of sun than San Diego or Miami Beach (shhh don’t tell everyone). Even in the winter, Denver is dryer than Phoenix with an average daily high of 45 degrees making year-round trips to the park feasible. In fact, this has been one of the best kept secrets about Denver for decades. The secrets is out though as more and more folks from around the globe have come to learn that Denver really offers a pretty sunny & mild climate year round.
Denver has the second highest educated population in America with an appetite for learning as well as all things popular culture. The Denver Performing Arts Complex has nine theaters seating 10,000 people and is second only to New York's Lincoln Center. Denver's live music scene entertains year-round, ranging from intimate venues like the Paramount Theatre, Blue Bird Theatre, Ogden Theatre to legendary open-air spots like Red Rocks Park & Amphitheatre.
Denver is among only a few cities to have seven professional sports teams ranging from basketball, football, baseball, soccer, a professional radio and more. There are 85 miles bike paths in Denver, 90 golf courses all of which can easily be explored within the city.
These are just a few of the fun facts to consider when it comes to investing in and or working in the greater Denver area…
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