Third Quarter Economic Report for Downtown Denver
Downtown Denver’s 3rd Quarter Economic Update is now available online. These reports are published each quarter and can be used by downtown stakeholders to help with a development, tenant attraction, business opportunities, and planning.
In the 3rd quarter of 2011, Downtown Denver fared relatively well despite the tenuous state of the national economy. The third quarter strengths of Downtown Denver include a pre-recession low retail vacancy rate, increased employment, continuing investment in residential and non-residential developments, increased apartment permits and a competitive office vacancy rate. However, these positive indicators need to be viewed in the larger context of the sluggish national economy, continued high levels of home foreclosures and weak consumer confidence.
Looking Ahead
The 4th Quarter Economic Update will be available in March 2012 and will reveal the impacts of H+M’s first Colorado store, located along the 16th Street Mall. The fourth quarter analysis will also provide insight into any effects of Jacobs Engineering’s merger of its Golden and Denver offices into a consolidated Downtown Denver location. The retail and office markets will remain areas to watch in Downtown Denver.
Downtown Denver Research
The Downtown Denver Partnership (DDP) is committed to supporting a livable, healthy, economically vibrant and exciting downtown. The DDP Research Department produces a series of reports each year addressing key elements of place-based economic development initiatives in accordance with the Downtown Area Plan. These research reports (located online here) provide Downtown Denver’s stakeholders with relevant and important information to strategically plan and act, shaping Downtown Denver as the unique, diverse, vibrant and economically healthy urban core of the Rocky Mountain Region.
