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OR HIGHER
6/10 DOWNTOWN RESIDENTS have a
BACHELOR'S DEGREE
915,000COLORADO CONVENTION CENTER
ATTENDEES IN 2012 DOWNTOWN & CITY CENTER NEIGHBORHOODS7,000 RESIDENTIAL UNITS
UNDER CONSTRUCTION
PLANNEDOR
DOWNTOWN DENVER’S
5XNATIONAL GROWTH RATE
PROJECTED GROWTH RATE
152{IN}PARKS
DOWNTOWN DENVER
ACRES OFIN INVESTMENT
$636,000,000through
PROJECTS COMPLETED
142GROWTH
in%
RESIDENTIAL POPULATION Since 2000
DOWNTOWN’S
3,200,000 FT2 RETAIL SPACE�
60%DOWNTOWN EMPLOYEES
to w k
OF
USE TRANSIT,
OR CARPOOL BIKE, WALK
RESIDENTS 25%OWN A CAR
DON’T STAT
E
�DOWNTOWNDENVER –
2013
–65,974 RESIDENTS
DOWNTOWN DENVER
{ IN}
CITY CENTER NEIGHBORHOODSAND
115,020EMPLOYEES
DOWNTOWN DENVER
$76,263F
DOWNTOWN
HOUSEHOLDS
AVERAGE INCOME
DENVER
in
IN THE PAST YEAR
55,000STUDENTSOV
ER
ATTEND CLASSES
DOWNTOWN DENVERin
in
27.1 MILLIONSQUARE FEET
OFFICE SPACE[OF]
Introduction�Letter.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �1
Notable�Rankings.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �3
Downtown�Area�Plan.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �4
Development�&�Investment.. . . . . . . . . . . . . . . . . . . . . . . . . . . �6–7
Office�Market.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �8–9
Employers�&�Employees.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �10–11
Residents.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �12–13
Retail�&�Restaurants.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �14–15
Students�&�Universities.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �16–17
Transportation.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �18–19
Environment.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �20
Tourism�.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �22�
Culture,�Entertainment,�Sports,�&�Events.. . . . . . �23
Board�of�Directors�. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �25
TABLE�OF�CONTENTS
DOWNTOWN
T�T�
��
STATE
DENVER
Dear Downtown Denver Stakeholder, The Downtown Denver Partnership is pleased to publish the third annual State of Downtown
Denver, a fact-driven report that provides timely, objective and accurate data about
Downtown Denver. We are proud to continue our partnership with Newmark Grubb Knight
Frank and deliver the most complete statistics and analysis about Downtown Denver.
After just a few minutes reviewing the information in this report, it quickly becomes
clear that Downtown Denver is the hub of the Rocky Mountain region and that our hub is
growing. Downtown Denver is an office for over 115,000 employees with 675,000 square
feet of office space currently under construction. Downtown Denver is home to 17,500
residents, a 142% increase since 2000. Downtown Denver is a classroom to over 55,000
students where at least $254 million has been invested to enhance the educational
environment. All in all, there are currently 26 projects under construction, representing
approximately $1.8 billion in investment from both the public and private sectors.
Turn the page and read the facts, figures and case studies in this report that showcase
the current state of Downtown Denver. And when you are ready to make an investment in
Downtown Denver, we invite you to reach out to us at www.downtowndenver.com.
Sincerely,
Tamara Door Elbra Wedgeworth President & CEO Chairwoman
Downtown Denver Partnership Downtown Denver Partnership
{1}
{2}
NOTABLE RANKINGS
BESTCITY FOR SMALL
BUSINESS EMPLOYEES. (CardHub, 2013)
FASTEST GROWING LARGE CITY IN THE U.S.
(U.S. Census Bureau, 2013)
2ND
SAFEST FEELING METRO AREA TO WALK THE STREETS.
(Gallup, 2013)
2ND
MOST ACTIVE RESIDENTS.
(Travel + Leisure, 2012)
3RD
BEST CITY FOR SMALL BUSINESSES. (Business Journals, 2013)
3RD
BEST CITY IN THE WORLD FOR OIL & GAS CAREERS.
(Rigzone, 2013)
3RD
BEST CITY FOR RECENT COLLEGE GRADS.
(Nerdwallet, 2013)
3RD
BEST CITY FOR JOB SEEKERS.
(Forbes, 2013)
4TH
MOST LITERATE CITY.
(Central Connecticut State University, 2013)
5TH
HEALTHIEST METRO AREA.
(American College of Sports Medicine, 2013)
5TH
BEST CITY FOR TECH STARTUPS.
(Entrepreneur Magazine, 2013)
6TH
BEST CITY IN AMERICA.
(Businessweek.com, 2013)
6TH
LEAST OBESE CITY IN THE U.S. (Gallup, 2013)
6TH
BEST CITY FOR CLEAN TECHNOLOGY.
(CleanEdge, 2013)
6TH
BEST LARGE CITY FOR YOUNG ENTREPRENEURS.
(Under30CEO, 2013)
8TH
BEST CITY FOR ACCOUNTING JOBS.
(LedgerLink, 2013)
8TH
BEST CITY FOR FEMALE ENTREPRENEURS.
(Forbes, 2012)
9TH
BEST CITY FOR ACCESS TO JOBS VIA PUBLIC TRANSPORTATION.
(Brookings, 2013)
9TH
BEST CITIES FOR YOUNG ADULTS. (Kiplinger’s, 2013)
TOP 5CITIES FOR
URBAN FORESTS. (American Forests, 2013)
TOP 10EMERGING
DOWNTOWNS. (Forbes, 2013)
TOP 15
{3}
DENVER’S DOWNTOWN AREA PLANIn 2007, the public and private sectors came together to build upon the 1986 Downtown
Area Plan with an updated vision and set of goals and recommendations for Downtown
Denver. The Downtown Area Plan outlines the major components to make Downtown
Denver one of the most livable places in the world. The vision elements and accompanying
strategies guiding Downtown Denver are:
CHERRY CREEK TRAIL
CHERRY CREEK TRAIL
.
NOINU REVNEDNOITATS
COLORADOCONVENTIONCENTER
RTDCIVIC CENTERSTATION
REVIR ETTALP HT
UOS
DENVER PERFORMING ARTS COMPLEX
COORSFIELD
PEPSICENTER
STATECAPITOL
ETTALP HT
UOS
YAW
NEERG REVIR
7TH ST
LYLE
CT
19TH ST
18TH ST
9TH ST
BRYANT ST
VALL
EJO S
T
JASO
N ST
31ST ST
32ND ST
W BYRON PL
INCA ST
W 12TH PL
ERIE
ST
12TH ST
W 29TH ST
LAFA
YETT
E ST
W 29TH AVE
W 9TH AVE
E SPEER BLVD
13TH ST
ALCOTT
ST
CHES
TNU
T PL
CRES
CEN
T D
R
12TH ST
14TH ST
ELIZ
ABETH
ST
FOX ST
W 20TH AVE
BRYANT S
T
18TH ST
TS TTESSAB
LP MRA
NELG
VALL
EJO S
T
LARI
MER
ST
E 19TH AVE
29TH ST
HURON ST
BRYANT ST
WEW
ATTA
ST
TS N
OTSEW
SHOSH
ONE ST
W 28TH AVE
35TH ST
GILPIN
ST
31ST ST
W 10TH AVE
TEJO
N ST
17TH ST
W BARBERRY PL
19TH ST
W CAITHNESS PL
ROCK
MO
NT
DR
ELIZ
ABETH S
T
WEW
ATTA
ST
W 31ST AVE
DECAT
UR ST
CANOSA
CT
ELIZ
ABETH S
T
DENAR
GO ST
W 11TH AVE
MAR
ION S
T
CHO
PPER
CIR
CLE
W ARGYLE PL
FOX ST
E 20TH AVE
ELITCH CIR
LITTLE RAVEN ST
YUM
A ST
LIPA
N ST
RIO CT
SEMINOLE RD
DENARGO M
ARKET
31ST ST
W DUNKELD PL
CURT
IS S
T
34TH ST
W 7TH AVE
LP TRU
OC
LP D
NALEVELC
E 30TH AVE
HUMBOLDT ST
W 9TH AVE
W 26TH AVE
W 27TH AVE
UMATIL
LA S
TVA
LLEJO
ST
BOU
LDER
ST
MARIP
OSA S
T
E 31ST AVE
UMATIL
LA S
T
ELATI ST
W 7TH AVE
E 12TH AVE
W 11TH AVE
LAFA
YETT
E ST
FOX S
T
DELAWARE ST
DECAT
UR ST
NAVAJO
ST
ALCO
TT S
T
TS ETTALP
MARION ST
5TH ST
GLOB
EVIL
LE R
D
33RD ST
GILPIN
ST
LP TN
OMERT
BRYANT S
T
NAVAJO
ST
29TH ST
GILPIN
ST
WYA
NDOT ST
ALCOTT
ST
BRYANT S
T
QUIVAS
ST
VALL
EJO S
T
SHOSH
ONE ST
MILW
AUKEE
ST
W 10TH AVE
DELAWARE ST
ACOMA ST
WASHINGTON ST
EMER
SON S
T
WAL
NUT S
T
MILW
AUKEE
ST
EMERSON ST
ARKI
NS C
T
CLAY S
T
OSAGE ST
ELATI ST
M
ILE HIG
H W
ALK
LP MRA
NELG
7TH ST
27TH ST
W 9TH AVE
LP MRA
NELG
CHEROKEE ST
DECATUR S
T
TS EEZAW
TEJO
N ST
HIGH S
T
26TH ST
WIL
LIAM
S ST
30TH ST
GILPIN ST
E 18TH AVE
OGDEN
ST
E 30TH AVE
28TH ST
ZUNI S
T
W COLFAX AVE
25TH ST
TS N
OTLEW
MIL
E HI
GH S
TA
DIUM CIR
INCA S
T
TS TEKRAM
BANNOCK ST
CLAY S
T
21ST ST
E 28TH AVE
FRAN
KLIN S
T
24TH ST
27TH ST
GALAPAGO ST
W 33RD AVE
W 32ND AVE
E 27TH AVE
W 14TH AVE
E 14TH AVE
E 13TH AVE
E 18TH AVE
HUMBOLDT S
T
E 33RD AVE
17TH ST
CLAYT
ON ST
JOSE
PHINE
ST
COLUM
BINE
ST
W 11TH AVE
ZUNI S
T
MARIPOSA ST
KALAMATH STLIPAN ST
SANTA FE DR
GALAPAGO ST
E 24TH AVE
E 25TH AVE
E 10TH AVE
FILL
MORE
ST
E 12TH AVE
E 11TH AVE
MARION S
T
MARION S
T
OGDEN S
T
HUMBOLDT S
T
TS N
OTLEW
LIPAN ST
W 34TH AVE
16TH ST MALL
W 35TH AVE
W 35TH AVE
E 35TH AVE
E 29TH AVE
E 29TH AVE
PEARL ST
PENNSYLVANIA ST
E 34TH AVE
E 34TH AVE
E BRUCE RANDOLPH AVE
E 36TH AVE
E 37TH AVE
WAL
NU
T ST
W 36TH AVE
W 36TH AVE
FRANKLIN ST
FRAN
KLIN S
T
W 37TH AVE
W 37TH AVE
WIL
LIAM
S ST
WIL
LIAM
S ST
E 26TH AVE
CLARKSON ST
WASHINGTON ST
LOGAN ST
HIGH S
T
HIGH S
T
GRANT ST
TS AINR
OFILAC
CALI
FORN
IA S
T
E 16TH A
E 16TH AVE
W COLFAX AVE
TS SITRUC
CURT
IS S
T
TS SITRUC
W 13TH AVE
W 13TH AVE
TS EKALB
TS EKALB
E 13TH AVE
E 17TH AVE
E 17TH AVE
VINE
ST
VINE
ST
VINE
ST
VINE
ST
RACE
ST
RACE
ST
RACE
ST
GAYLO
RD ST
GAYLO
RD ST
GAYLO
RD ST
ARAP
AHO
E ST
TREM
ON
T PL
ELIO
T ST.
SHERMAN ST
18TH ST
TS YNA
GLED
TS AINR
OFILAC
AURA
RIA
PARK
WAY
TS REMIRAL
TS REMIRAL
TS ECNER
WAL
TS ECNER
WAL
W COLFAX AVE
WAT
ER S
T
OGDEN ST
32ND ST
TS PO
OKNY
W
PECOS
ST
N SPEER BLVD
W 23RD AVE
CEN
TRAL
ST
W 8TH AVE VIAD
E 23R
D AVE
OSAGE
ST
E 20TH AVE
W 29TH AVE
W 8TH AVE
14TH ST
DVLB N
OTH
GIRB
22ND ST
15TH ST
19TH ST
W 8TH AVE
15TH ST
E 31ST AVE
KALAMATH ST
MARTIN LUTHER KING BLVD
20TH ST
LINCOLN ST
W 6TH AVE
PARK AVE
DOWNING ST
DOWNIN
G ST
TS APMA
HC
TS APMA
HC
TS TU
OTS
BROADWAY
YORK S
T
YORK S
T
SPEER BLVD
W 6TH AVE
CORONA ST
BROADWAY
DOWNIN
G ST
TS TU
OTS
E 19TH AVE
25
Prosperous• TheDowntownoftheRocky
Mountain Region
• EnergizingtheCommercialCore
• AComprehensiveRetailStrategy
• CleanandSafe
Walkable • AnOutstandingPedestrian
Environment
• BuildingonTransit
• BicycleCity
• ParktheCarOnce
• GrandBoulevards
Diverse• DowntownLiving
• AFamily-FriendlyPlace
• EmbracingAdjacent
Neighborhoods
• AnInternationalDowntown
Distinctive• DistrictEvolution
• ConnectingAuraria
• Downtown’sNewNeighborhood:
Arapahoe Square
Green• AnOutdoorDowntown
• ARejuvenatedCivicCenter
• SustainableUseofResources
{4}
Downtown Denver BoundariesThe map above illustrates the boundaries of Downtown Denver. Downtown Denver is
comprised of the following planning districts set forth by the 2007 Downtown Area Plan:
Central Platte Valley Prospect, Central Platte Valley Commons, Central Platte Valley
Auraria,Auraria,LowerDowntown(LoDo),CommercialCore,CulturalCore,Golden
Triangle,ArapahoeSquareandBallpark.
City Center Neighborhood BoundariesThe City Center area includes Downtown Denver and its surrounding residential
neighborhoods. Its boundaries extend beyond the Downtown Denver boundary to include
thefollowingneighborhoods:Highland,Ballpark,CurtisPark,FivePoints,Uptown,
CapitolHill,LaAlma/LincolnParkandJeffersonPark.
CENTRAL PLATTE VALLEY
PROSPECT
CENTRAL PLATTE VALLEY
COMMONS
CENTRAL PLATTE VALLEY
AURARIA
LODO
BALLPARKARAPAHOE
SQUARE
COMMERCIAL CORE
AURARIA
CULTURAL CORE
GOLDEN TRIANGLE
STATE OF DOWNTOWN DENVER // SEPTEMBER 2013
{5}
{6}
DowntownDenverisbuzzingwithconstructionactivity.BetweenJuly2012andJuly2013,
10projectswerecompleted,representingover$636,000,000ofinvestmentandover2.2
million square feet of additional or re-purposed space in Downtown Denver. Currently,
there are 26 projects under construction. Fifteen of these projects have a residential
component; when completed, Downtown Denver will have over 2,800 additional units for
residents. In addition to projects completed in the past year and those currently under
construction, many more projects are being planned in Downtown Denver. The following
map shows projects completed since 2007, as well as projects under construction and
planned for development.
DEVELOPMENT AND INVESTMENT
STATE OF DOWNTOWN DENVER // SEPTEMBER 2013
$636,000,000
IN THE PAST YEAR
CHERRY CREEK TRAIL
CHERRY CREEK TRAIL
.
DENV
ER U
NION
STAT
ION
COLORADOCONVENTION
CENTER
DENVER PERFORMING
ARTS COMPLEX
COORSFIELD
PEPSICENTER
STATECAPITOL
SOU
TH P
LATT
ER
IVER
GR
EEN
WAY
7TH ST
LYLE CT
19TH ST
18TH ST
9TH ST
BRYANT ST
VALLEJO
ST
JASON ST
31ST ST
32ND ST
W BYR
ON PL
INCA ST
W 12TH PL
ERIE
ST
12TH ST
W 29TH ST
LAFAYE
TTE ST
W 29TH AVE
W 9TH AVE
E SPEER BLVD
13TH ST
ALCOTT ST
CH
ESTN
UT
PL
CRES
CEN
T D
R
12TH ST
14TH STELIZABETH ST
FOX ST
W 20TH AVE
BRYANT ST
18TH ST
BAS
SETT
ST
GLE
NAR
M P
L
VALLEJO
ST
LARI
MER
ST
E 19TH AVE
29TH ST
HURON ST
BRYANT ST
WEW
ATTA
ST
WES
TON
ST
SHOSHONE ST
W 28TH AVE
35TH ST
GILPIN ST
31ST ST
W 10TH AVE
TEJON ST
17TH ST
W BARBERRY PL
19TH ST
W CAITHNESS PL
RO
CKM
ONT
DR
ELIZABETH ST
WEW
ATTA
ST
W 31ST AVE
DECATUR ST
CANOSA CT
ELIZABETH ST
DENARGO ST
W 11TH AVE
MARION ST
CHOP
PER
CIR
CLE
W ARGYLE PL
FOX ST
E 20TH AVE
ELITCH CIR
LITTLE RAVEN ST
YUM
A ST
LIPAN ST
RIO CT
SEMINOLE RD
DENARGO MARKET
31ST ST
W DUNKELD PL
CURT
IS S
T
34TH ST
W 7TH AVE
COU
RT
PL
CLEV
ELAN
D P
L
E 30TH AVE
HUMBOLDT ST
W 9TH AVE
W 26TH AVE
W 27TH AVE
UMATILLA ST
VALLEJO
ST
BO
ULD
ER S
T
MARIPOSA ST
E 31ST AVE
UMATILLA ST
ELATI ST
W 7TH AVE
E 12TH AVE
W 11TH AVE
LAFAYE
TTE ST
FOX ST
DELAWARE ST
DECATUR ST
NAVAJO
ST
ALCO
TT S
T
PLAT
TE S
T
MARION ST
5TH ST
GLOB
EVILL
E R
D
33RD ST
GILPIN ST
TREM
ON
T PL
BRYANT ST
NAVAJO
ST
29TH ST
GILPIN ST
WYANDOT ST
ALCOTT STBRYA
NT ST
QUIVAS ST
VALLEJO
ST
SHOSHONE ST
MILWAUKEE ST
W 10TH AVE
DELAWARE ST
ACOMA ST
WASHINGTON ST
EMERSON ST
WAL
NU
T ST
MILWAUKEE ST
EMERSON ST
ARKI
NS
CT
CLAY ST
OSAGE ST
ELATI ST
MIL
E H
IGH
WAL
K
GLE
NAR
M P
L
7TH ST
27TH ST
W 9TH AVE
GLE
NAR
M P
L
CHEROKEE ST
DECATUR ST
WAZ
EE S
T
TEJON ST
HIGH ST
26TH ST
WILLIAMS ST
30TH ST
GILPIN ST
E 18TH AVE
OGDEN ST
E 30TH AVE
28TH ST
ZUNI ST
W COLFAX AVE
25TH ST
WEL
TON
ST
MIL
E HI
GH S
TADIUM CIR
INCA ST
MAR
KET
ST
BANNOCK ST
CLAY ST
21ST ST
E 28TH AVE
FRANKLIN ST
24TH ST
27TH ST
GALAPAGO ST
W 33RD AVE
W 32ND AVE
E 27TH AVE
W 14TH AVE
E 14TH AVE
E 13TH AVE
E 18TH AVE
HUMBOLDT ST
E 33RD AVE
17TH ST
CLAYTON ST
JOSEPHIN
E ST
COLUMBINE ST
W 11TH AVE
ZUNI ST
MARIPOSA ST
KALAMATH STLIPAN ST
SANTA FE DR
GALAPAGO ST
E 24TH AVE
E 25TH AVE
E 10TH AVE
FILLMORE ST
E 12TH AVE
E 11
TH AVE
MARION ST
MARION ST
OGDEN ST
HUMBOLDT ST
WEL
TON
ST
LIPAN ST
W 34TH AVE
16TH ST MALLW 35TH AVE
W 35TH AVE
E 35TH AVE
E 29TH AVE
E 29TH AVE
PEARL ST
PENNSYLVANIA ST
E 34TH AVE
E 34TH AVE
E BRUCE RANDOLPH AVE
E 36TH AVE
E 37TH AVE
WAL
NU
T ST
W 36TH AVE
W 36TH AVE
FRANKLIN ST
FRANKLIN ST
W 37TH AVE
W 37TH AVE
WILLIAMS ST
WILLIAMS ST E 26TH AVE
CLARKSON ST
WASHINGTON ST
LOGAN ST
HIGH ST
HIGH ST
GRANT ST
CALI
FOR
NIA
ST
CALI
FOR
NIA
ST E 16T
H AVE
E 16TH AVE
W COLFAX AVE
CUR
TIS
STCU
RTI
S ST
CUR
TIS
ST
W 13TH AVE
W 13TH AVE
BLA
KE
STB
LAK
E ST
E 13TH AVE
E 17TH AVE
E 17TH AVE
VINE ST
VINE ST
VINE ST
VINE ST
RACE ST
RACE ST
RACE ST
GAYLORD ST
GAYLORD ST
GAYLORD ST
ARAP
AHO
E ST
TREM
ON
T PL
ELIOT ST.
SHERMAN ST
18TH ST
DEL
GAN
Y ST
CALI
FOR
NIA
ST
AUR
ARIA
PAR
KW
AY
LAR
IMER
ST
LAR
IMER
ST
LAW
REN
CE S
TLA
WR
ENCE
ST
W COLFAX AVE
WAT
ER S
T
OGDEN ST
32ND ST
WYN
KO
OP
ST
PECOS ST
N SPEER BLVD
W 23RD AVE
CEN
TRAL
ST
W 8TH AVE VIAD
E 23
RD AVE
OSAGE ST
E 20TH AVE
W 29TH AVE
W 8TH AVE
14TH ST
BR
IGH
TON
BLV
D
22ND ST
15TH ST
19TH ST
W 8T
H AVE
15TH ST
E 31ST AVE
KALAMATH ST
MARTIN LUTHER KIN
G BLV
D
20TH ST
LINCOLN ST
W 6TH AVE
PARK AVE
DOWNING ST
DOWNING ST
CHAM
PA S
TCH
AMPA
ST
STO
UT
STBROADWAY
YORK ST
YORK ST
SPEER BLVD
W 6T
H AVE
CORONA ST
BROADWAY
DOWNING ST
STO
UT
ST
E 19TH AVE
72
64
47
60
25
• Completed development
• Development under construction
• Planned development
Map is not inclusive of all proposed developments.
For additional information, please visit www.downtowndenver.com.
Source: Downtown Denver Partnership
Downtown Denver Development Since 2007
16 of the 55 projects completed since 2007 are located in the Commercial Core.
The number of housing units currently under construction is just under the total number of housing units completed since 2007.
Half of the 26 projects currently under construction are in the vicinity of Denver Union Station.
CENTRAL PLATTE VALLEY
PROSPECT
CENTRAL PLATTE VALLEY
COMMONS
CENTRAL PLATTE VALLEY
AURARIA
LODO
BALLPARK
ARAPAHOE SQUARE
COMMERCIAL CORE
AURARIA
CULTURAL CORE
GOLDEN TRIANGLE
{7}
{8}
OFFICE MARKET DowntownDenverhasatotalof27.1millionsquarefeetofofficespace.Officevacancyfellsharplyfromahighof18.3%attheendof2009
to13.8%bymid-2013,comparedtoa17.0%vacancyrateinDenver’ssuburbanofficemarketandtohighervacancyratesinotherU.S.
downtowns.Withvacancyratesdropping,themarketisrespondingnotonlywithincreasingleaseratesof$26.50/sffrom$24.35in2012,
but also by constructing additional office space. A total of 675,000 square feet of office space is currently under construction throughout
Downtown Denver, with approximately 1.2 million square feet of office space planned to be developed in the next several years.
Sources:DenverBusinessJournal,DenverPost,NewmarkGrubbKnightFrankResearch,DowntownDenverPartnership,DenverInfill
Project Name Status Square Feet Projected Completion Date
1601 Wewatta UnderConstruction 283,000 2015
16M UnderConstruction 130,000 2014
DenverArtMuseumOfficeBuilding UnderConstruction 50,000 2014
IMA Financial Center UnderConstruction 102,000 2013
OneUnionStation UnderConstruction 110,000 2014
16 Chestnut Planned 320,000 2014
16th & Wewatta Planned 65,000 2014
TriangleBuilding Planned 220,000 2014
17 Wewatta Planned 60,000 2015
HistoricWindsorDairyBlock Planned 325,000 2015
WewattaPlaza Planned 200,000 TBD
Office Inventory Under Construction & Planned for Development
Building Address
Approx. Sales Price
(in millions)Square
Feet
Price Per Square
Foot Sale Date
1001 17th Street $217 655,000 $331 Fall2013*
1660Lincoln $38 283,544 $134 July2013
1700Broadway $98 394,151 $249 May2013
1999Broadway $183 680,277 $269 May2013
1625/1675Broadway $176 770,221 $229 April2013
133117thStreet $70 218,906 $320 April2013
Major Office Building Sales Since July 2012
To
INVESTORS
CONTINUEDRAWN
DOWNTOWN DENVER
TO B
E
STATE OF DOWNTOWN DENVER // SEPTEMBER 2013
*Asofprintdate,saleexpectedtocloseFall2013. Listincludessalesofpropertiesover200,000squarefeet.
1,500,000
1,000,000
500,000
-500,000
-1,000,000
19.0%
17.0%
15.0%
13.0%
11.0%
9.0%
Square Feet
2004 2005 2006 2007 2008 2009 2010 2011 2012 2Q13
Supply Absorption Vacancy Source: Newmark Grubb Knight Frank Research
0
Percentage
Downtown Office Market Balance
{9}
YEAR-TO-DATE
ABSORPTIONIn 2013
175,000SQUARE FEET
WAS
SPOTLIGHT: Downtown Denver’s Oldest and Newest Neighborhood
DenverUnionStationisagainahubofcommercialactivityin
Downtown Denver, spurring significant office development in the
LowerDowntown,orLoDo,neighborhood.Whenitfirstopened
in1881,DenverUnionStationprovidedarailhubforDenver,
supporting the thriving frontier town in the relatively new state
of Colorado.
However, by the mid-twentieth century, the declining popularity
ofrailtravelreducedDenverUnionStationtoarelic,leaving
LoDofullofdilapidatedcommercialbuildings.Bythelate1980s,
pioneerbusinessessuchastheWynkoopBreweryopenedand
oldwarehouseswereconvertedtohallmarkLoDo‘brickand
timber’officebuildings.TheopeningofCoorsFieldin1995drew
thousandstotheneighborhood’sgrowingretailamenities.
Priorto2008,LoDo’s2.7millionsquarefeetofofficespacewas
hometomostlycreativefirmsdrawntotheneighborhood’snon-
traditionalspace.LoDoenjoyedlowvacancyofaround6%from
2005to2007.By4Q09,vacancyclimbedto26.4%duemainlyto
the delivery of over 1.1 million square feet of partially occupied
newbuildings.However,from4Q08to2Q13,thesenewbuildings
drove absorption totaling almost 900,000 square feet.
LoDo’scurrentinventoryhasswelledto3.9millionsquarefeet,
andvacancystandsat8.3%,thelowestofanyDenversubmarket
ormicromarket.LoDo’sClassArentalrateshaverisento
$34.00/sf—thehighestintheDenvermarket.Aselementsofthe
newUnionStationbegintoopenin2014andsurroundingoffice
developmentsarecompleted,Denver’soldestneighborhoodis
again entering a new phase.
Supply Source: Newmark Knight Frank Frederick Ross Research
116,000
114,000
112,000
110,000
108,000
106,000
104,0002009 2010 2011 2012
Sources:U.S.Census,LongitudinalEmploymentHouseholdDynamics,QuarterlyCensusofEmploymentandWages,DenverPost,DenverBusinessJournal,MetroDenverEconomicDevelopmentCorporation,Rigzone{10}
Number of Employees in Downtown Denver*
*Numbersreflectfourthquartercoveredemployment(JobscoveredbyunemploymentinsuranceasreportedintheQCEW.Thesepositionsrepresent the vast majority of total employment, although the self-employed, some agricultural workers, some domestic workers, and several othercategoriesofworkersareexcluded).
EMPLOYMENT INDOWNTOWNDENVER
IS U
P 2.4%IN THE PAST YEAR
AND
UP 5%SINCE 2010
Characteristics of Downtown Denver workers:Age
• 20%are29oryounger
• 61%arebetween30and54
• 19%are55orolder
Gender
• 53%Male
• 47%Female
Race/Ethnicity
• 74%—White(notHispanicorLatino)
• 14%—HispanicorLatino
• 6%—BlackorAfricanAmerican
• 3%—Asian
• 3%—Otherormorethanonerace
EMPLOYERS & EMPLOYEES DowntownDenverservesastheRockyMountainregion’s
employmenthub,with115,020employeesin2012—2.4%more
employees than in 2011. The largest industries in Downtown
DenverareProfessionalandBusinessServices(31%),
Government(20%),LeisureandHospitality(15%)andFinancial
Activities(12%)*.
Since September 2012, many companies have decided to
relocate or expand into Downtown Denver. Canada Goose
choseDenverfortheirU.S.headquartersandNewaltaCorp.
announced that they will open their first Colorado office in
Downtown Denver. In addition, other companies that made
the decision to locate in Downtown Denver in the past year
include: McGraw Hill, PIXIA, OnDeck Capital, SwiftPage, Seven
Step RPO, Halcón Resources Corporation and Resource
LandHoldings.
STATE OF DOWNTOWN DENVER // SEPTEMBER 2013
SPOTLIGHT: Competitive Startups Are Focusing on Downtown DenverDowntown Denver is a hub of high quality resources for
innovators, budding entrepreneurs and startup companies
throughgreatfacilitieslikeGalvanizeandsupportfrom
academicinstitutions.Additionally,DowntownDenver’s
urban environment is attractive to prospective startup
employees looking to work and live in a vibrant, highly
educated and accessible location. The energy and support
fromeventsandorganizationslikeDenverStartupWeek
andBuiltinDenverareintensifyingtheentrepreneurial
community’sinterestinDowntownDenverwithmultiple
startups moving their offices to Downtown Denver in the
last year.
PROFESSIONAL & BUSINESS SERVICES
GOVERNMENT
LEISURE & HOSPITALITY
FINANCIAL ACTIVITIES
NATURAL RESOURCES & CONSTRUCTION
INFORMATION
WHOLESALE & RETAIL TRADE
OTHER SERVICES
EDUCATION & HEALTH SERVICES
TRANSPORTATION, WAREHOUSING
& UTILITIES
MANUFACTURING
Downtown Metro Denver
18%
15%
11%
7%
5%
4%
15%
4%
12%
3%
6%
31%
20%
15%
12%
7%
4%
3%
2%
2%
1%
1%
{11}
Downtown Denver’s Role in the Metro Region
Sample jobs in Downtown Denver’s largest industry:• Attorney• Marketing Professional• Researcher• Private Investigator• Software Developer• Graphic Designer
Denver was ranked the third best city in the world for oil and gas jobs, accord-ing to Rigzone, a leading industry publication.
While the Education and Health Services industry only accounts for 2% of Downtown Denver’s jobs, it was the fastest growing industry in 2012.
25
20
15
10
5
02003 2004 2005 2006 2007 2008 2009 2010 2011 2012*
Amenities Elevate Downtown Denver’s Quality of LifeResidents who live in and around Downtown Denver enjoy
a high quality of life. Downtown and City Center Neighborhoods
are easy to get around on foot or by bike and have the best
access to public transportation in the entire Denver metro
region. The neighborhoods in and around Downtown Denver
have the highest walk, bike and transit scores in the City
of Denver.
In the past year, two new amenities were announced that
will further enhance the quality of life for Downtown Denver
residents. Students in grades K-5 will be able to attend the
DowntownExpeditionarySchoolbeginninginthe2013/2014
school year. A new King Soopers will open in the 20th and
ChestnutprojectnearDenverUnionStationinlate2014,
providing Downtown residents and commuters a full-service
grocery store in a convenient location.
{12}
Average Walk Score
Average Transit Score
Average Bike Score
Downtown Neighborhoods
87 82 88
City Center Neighborhoods
83 67 91
$1,405AVERAGE RENT
ONE-BEDROOMFor
APARTMENT
$1,256AVERAGE RENT
For
STUDIOAPARTMENT
Downtown Denver Rental RatesDowntown Denver Historical Apartment Vacancy Rate
*Q4vacancyratenotincludedduetoincompletedata
Walk, Bike and Transit Scores of Downtown Neighborhoods
RESIDENTS NewresidentsaremovingtoDowntownDenveranditssurroundingneighborhoodsinrecordnumbers.DowntownDenver’sresidential
populationisprojectedtogrowbyalmost18%inthenextfiveyearsandDowntown’sCityCenterneighborhoodsareprojectedtogrowby
12%. Recent Census data shows that the City of Denver grew by 5% between 2010 and 2012, making it the second-fastest-growing large
city(populationover500,000)intheU.S.
DowntownDenver’sresidentialrealestatemarketreflectsthisstrongpopulationgrowth.AsofAugust2013,over7,000residentialunits
are under construction or planned in Downtown Denver and City Center neighborhoods, apartment vacancy rates are near record lows
and the residential real estate market is surging.
STATE OF DOWNTOWN DENVER // SEPTEMBER 2013
Scores out of 100, with 100 being the best
•DowntownDenver’sprojectedgrowthrateisfivetimesthe
national rate and almost twice that of the City and County
of Denver.
•Denver’sCityCenterneighborhoodresidentshaveasimilar
racialandethnicbreakdowntoColoradoandtheU.S.
•DowntownDenverresidentsarehighly-educated,withalmost
6in10havingaBachelor’sdegreeorhigher,comparedto3in
10 nationally.
Sources:Claritas,www.walkscore.com,U.S.Census,DowntownDenverPartnership,DenverMetroApartmentVacancyandRentSurvey {13}
DowntownCity Center
Neighborhoods
Size and Growth
2013Estimated Residential Population
17,528 65,974
Est.Growth2013-2018 17.7% 12.0%
Households 11,137 39,411
2013Est.Ave.HouseholdSize 1.4 1.6
Growth2000-2013 141.7% 24.8%
Race/Ethnicity
White (notHispanicorLatino)
76.2% 60.3%
HispanicorLatino 8.3% 18.4%
Blackor African American
5.3% 7.4%
Asian 4.4% 2.6%
Other or more than one race 5.8% 11.3%
Age
2013Est.MedianAge 33.9 33.4
Gender
Male 56.9% 55.3%
Female 43.1% 44.7%
Education/Income
Percent of Population with Bachelor’sDegreeorhigher
58.5% 50.8%
2013Est.Average Household Income
$76,263 $60,283
2013Est.MedianAllOwner-Occupied Housing Value
$361,029 $278,660
Presence of Vehicles
2013Est.Households No Vehicles
25.2% 24.3%
Resident Demographics
{14}
$40,000,000
$35,000,000
$30,000,000
$25,000,000
$20,000,000
$15,000,000
$10,000,000
$5,000,000
2006 2007 2008 2009 2010 2011 2012
$-
$4,500,000
$4,000,000
$3,500,000
$3,000,000
$2,500,000
$2,000,000
$1,500,000
$1,000,000
JAN
FEB
MARC
H
APRI
L
MAY
JUNE
JULY AUG
SEPT OC
T
NOV
DEC
$500,000
$0
8.0%
7.5%
7.0%
6.5%
6.0%
5.5%
5.0%2005 2006 2007 2008 2009 2010 2011 2012
Sources: Downtown Denver Partnership, City of Denver, Visit Denver, Newmark Grubb Knight Frank, CoStar
Downtown Sales Tax Collected—Annual Totals
2012 Downtown Sales Tax Collections by Month
Downtown Denver’s Share of the City of Denver’s Annual Sales Tax Collections
RETAIL & RESTAURANTS
• Over1,000retailestablishmentsarelocatedinDowntown
Denver, providing ample options for eating, entertainment,
shopping and more.
• In2012,DowntownDenverretailestablishmentscollected
$37,487,637insalestaxfortheCityofDenver,representing
7.6%oftheCityofDenver’stotalsalestaxrevenue.
• The16thStreetMallaccountedfor32%oftotalsalestax
collected in Downtown Denver and remains the most popular
attraction for Metro Denver visitors.
• DowntownDenverhas3.2millionsquarefeetofretailspace
with a 4.4% vacancy rate.
• Themedianaskingrateforretailleasesis$23.75NNNper
square foot.
• Over50retailersandrestaurantshaveopenedsince
July2012,including:HapaSushi,JohnFluevogShoes,
Larkburger,HaileeGrace,NovoCoffee,PizzaRepublica,
ViewHouseEatery&Bar,Gather,Tom’sUrban24,Eperney,
and Southern Hospitality.
STATE OF DOWNTOWN DENVER // SEPTEMBER 2013
AVERAGE DAILY PEDESTRIAN TRAFFIC
40,000+
30,000-39,999
20,000-29,999
10,000-19,999
0-9,999
{15}
Manufacturing 6%
Restaurants 48%
Hotel and Other Accommodation
Services 16%
Clothing/Accessory Stores 8%
Miscellaneous Stores 6%
Other Categories (less than3% each)
Motor Vehicles andAuto Parts 4%
Information Producers/Distributors 5%
2012 Sales Tax Collections by Industry
CH
ERR
Y C
REE
K T
RA
IL
CH
ERR
Y C
REE
K T
RA
IL
Trim
RTD LIGHT RAIL
RTD LIGHT RAIL
CENTENNIALGARDENS COMMONS PARK
CIVICCENTER
PARK
CONFLUENCEPARK
SKYLINEPARK
LARIMER SQUARE
WRITER SQUARE
DENVER PAVILIONS
COLORADOCONVENTION
CENTER
COORSFIELD
RTDCIVIC CENTER
STATION
DENVER PERFORMING
ARTS COMPLEX
MARKET STREETSTATION
DENVER UNIONSTATION
19TH
ST
18TH
ST
INCA ST
W 29TH AVE
13TH
ST
CHESTNUT PL
FOX ST
BASSETT ST
HURON ST
WEWATTA ST DELGANY STWEWATTA ST
FOX STEL
ITCH CIR
COURT PL
CLEVELAND PLELATI S
T
TREMONT PL
DELAWARE ST
WASHIN
GTON ST
EMERSON ST
GLENARM PLGLENARM PL
WAZEE ST
E 18TH AVE25
TH S
T
WELTON ST
MARKET ST
21S
T S
T
24TH
ST
17TH
ST
KALAMATH ST
LIPAN S
T
SANTA FE DR
GALAPAGO STWELTON ST
16T
H S
T M
AL
L
LOGAN ST
GRANT ST
CALIFORNIA ST CALIFORNIA ST CALIFORNIA ST
CURTIS ST
W 13TH AVE
BLAKE ST
ARAPAHOE ST
TREMONT PL
SHERMAN ST
18TH
ST
LARIMER ST
LAWRENCE ST
W COLFAX AVE
WYNKOOP ST
E 20TH AVEE 19TH AVE
14TH
ST
22N
D S
T
PA
RK
AV
E
15TH
ST
19TH
ST
2 W
AY U
NTIL
WAZ
EE
20TH
ST
PAR
K A
VE
DOWNING ST
CHAMPA ST
STOUT ST
BROADWAY
SP
EER
BLV
D
SPEE
R B
LVD
UNIONGATEWAY
BRIDGELIGHT RAIL
PLAZA
16TH
ST
MA
LL5,449
35,046
38,977
36,029
3,912 9,147 6,245
44,924
34,247
30,805
6,68618,502
18,9973,026
LarimerSquarehasmorepedestrian
traffic in the evening than during the
middle of the day, unlike the rest of
Downtown Denver.
16th Street between California and
Stout Street is the busiest block in
Downtown Denver on an average day.
During a Rockies game, pedestrian
traffic increases five-fold on
BlakeStreetbetween18thStreet
and 19th Street.
Downtown Pedestrian Count Highlights
Pedestrian traffic on an average day in
Downtown Denver ranges from a high
of 44,924 pedestrians per block to a low
of 400 pedestrians per block. For more
information about pedestrian traffic
throughout Downtown Denver, visit
www.DowntownDenver.com.
Average Daily Pedestrian Traffic:
{16}
Over42,000studentsattendpublicnot-for-profitinstitutionsofhighereducationinDowntownDenver.Inaddition,over13,000students
attend various trade and private for-profit institutions that have classroom space in Downtown Denver.
Sources:AurariaHigherEducationCenter,DenverPost,DenverInfill,MetroStateUniversityDenver,UniversityofColoradoDenver,CommunityCollegeofDenver, ColoradoStateUniversity
LOOKING AHEAD: Enhancing Connections to AurariaTheAurariaHigherEducationCenter,hometotheUniversity
ofColoradoDenver,MetropolitanStateUniversityofDenver
and the Community College of Denver, had been historically
disconnected from the rest of Downtown Denver. The 2007
Downtown Area Plan called for fully integrating the campus
and Downtown Denver core through improvements to
physical, social, economic and programmatic connections. In
2013,theConnectingAurariastudykickedoffitsexamination
of how to improve the existing connections between Auraria
andthecampus’ssurroundingneighborhoods,suchasthe
CommercialCore,LoDo,GoldenTriangleandLaAlma/Lincoln
Park. In addition to the Connecting Auraria study, recent
incremental improvements have already been implemented,
such as the addition of a campus bike lane on Curtis Street
andplantersandbannersalongLarimerStreet,improvingthe
pedestrianenvironmentalongoneofAuraria’smosttraveled
pedestrian access points.
Institution Fall 2012 Enrollment
MetropolitanStateUniversity 21,520
UniversityofColoradoDenver 13,102
Community College of Denver 7,443
ColoradoStateExecutiveMBA
Program
32
TOTAL 42,097
Schools in Downtown Denver
STUDENTS & UNIVERSITIES
STATE OF DOWNTOWN DENVER // SEPTEMBER 2013
A Year of Investment at Auraria Campus$254,000,000 has been invested in new buildings at the Auraria Campus in the last year. All projects were funded through revenue,
student fees and other private sources. In addition, numerous other not-for-profit institutions of higher education and private, for-profit
institutions located in other areas of Downtown Denver have added or enhanced their academic facilities over the past year. For example,
theUniversityofColoradoDenvercompleteda$20,000,000renovationoftheirBusinessSchoolon15thandLawrenceStreetsinthefall
of 2012, creating a consolidated space that can accommodate over 5,000 students daily.
{17}
CHERRY CREEK TRAIL
CHERRY CREEK TRAIL
.
DENV
ER U
NION
STAT
ION
COLORADOCONVENTION
CENTER
DENVER PERFORMING
ARTS COMPLEX
COORSFIELD
PEPSICENTER
STATECAPITOL
SOU
TH P
LATT
ER
IVER
GR
EEN
WAY
7TH ST
LYLE CT
19TH ST
18TH ST
9TH ST
BRYANT ST
VALLEJO
ST
JASON ST
31ST ST
32ND ST
W BYR
ON PL
INCA ST
W 12TH PL
ERIE
ST
12TH ST
W 29TH ST
LAFAYE
TTE ST
W 29TH AVE
W 9TH AVE
E SPEER BLVD
13TH ST
ALCOTT ST
CH
ESTN
UT
PL
CRES
CEN
T D
R
12TH ST
14TH ST
ELIZABETH ST
FOX ST
W 20TH AVE
BRYANT ST
18TH ST
BAS
SETT
ST
GLE
NAR
M P
L
VALLEJO
ST
LARI
MER
ST
E 19TH AVE
29TH ST
HURON ST
BRYANT ST
WEW
ATTA
ST
WES
TON
ST
SHOSHONE ST
W 28TH AVE
35TH ST
GILPIN ST
31ST ST
W 10TH AVE
TEJON ST
17TH ST
W BARBERRY PL
19TH ST
W CAITHNESS PL
RO
CKM
ONT
DR
ELIZABETH ST
WEW
ATTA
ST
W 31ST AVE
DECATUR ST
CANOSA CT
ELIZABETH ST
DENARGO ST
W 11TH AVE
MARION ST
CHOP
PER
CIR
CLE
W ARGYLE PL
FOX ST
E 20TH AVE
ELITCH CIR
LITTLE RAVEN ST
YUM
A ST
LIPAN ST
RIO CT
SEMINOLE RD
DENARGO MARKET
31ST ST
W DUNKELD PL
CURT
IS S
T
34TH ST
W 7TH AVE
COU
RT
PL
CLEV
ELAN
D P
L
E 30TH AVE
HUMBOLDT ST
W 9TH AVE
W 26TH AVE
W 27TH AVE
UMATILLA ST
VALLEJO
ST
BO
ULD
ER S
T
MARIPOSA ST
E 31ST AVE
UMATILLA ST
ELATI ST
W 7TH AVE
E 12TH AVE
W 11TH AVE
LAFAYE
TTE ST
FOX ST
DELAWARE ST
DECATUR ST
NAVAJO
ST
ALCO
TT S
T
PLAT
TE S
T
MARION ST
5TH ST
GLOB
EVILL
E R
D
33RD ST
GILPIN ST
TREM
ON
T PL
BRYANT ST
NAVAJO
ST
29TH ST
GILPIN ST
WYANDOT ST
ALCOTT STBRYA
NT ST
QUIVAS ST
VALLEJO
ST
SHOSHONE ST
MILWAUKEE ST
W 10TH AVE
DELAWARE ST
ACOMA ST
WASHINGTON ST
EMERSON ST
WAL
NU
T ST
MILWAUKEE ST
EMERSON ST
ARKI
NS
CT
CLAY ST
OSAGE ST
ELATI ST
MIL
E H
IGH
WAL
K
GLE
NAR
M P
L
7TH ST
27TH ST
W 9TH AVE
GLE
NAR
M P
L
CHEROKEE STDECATUR ST
WAZ
EE S
T
TEJON ST
HIGH ST
26TH ST
WILLIAMS ST
30TH ST
GILPIN ST
E 18TH AVE
OGDEN ST
E 30TH AVE
28TH ST
ZUNI ST
W COLFAX AVE
25TH ST
WEL
TON
ST
MIL
E HI
GH S
TADIUM CIR
INCA ST
MAR
KET
ST
BANNOCK ST
CLAY ST
21ST ST
E 28TH AVE
FRANKLIN ST
24TH ST
27TH ST
GALAPAGO ST
W 33RD AVE
W 32ND AVE
E 27TH AVE
W 14TH AVE
E 14TH AVE
E 13TH AVE
E 18TH AVE
HUMBOLDT ST
E 33RD AVE
17TH ST
CLAYTON ST
JOSEPHIN
E ST
COLUMBINE ST
W 11TH AVE
ZUNI ST
MARIPOSA ST
KALAMATH STLIPAN ST
SANTA FE DR
GALAPAGO ST
E 24TH AVE
E 25TH AVE
E 10TH AVE
FILLMORE ST
E 12TH AVE
E 11
TH AVE
MARION ST
MARION ST
OGDEN ST
HUMBOLDT ST
WEL
TON
ST
LIPAN ST
W 34TH AVE
16TH ST MALLW 35TH AVE
W 35TH AVE
E 35TH AVE
E 29TH AVE
E 29TH AVE
PEARL ST
PENNSYLVANIA ST
E 34TH AVE
E 34TH AVE
E BRUCE RANDOLPH AVE
E 36TH AVE
E 37TH AVE
WAL
NU
T ST
W 36TH AVE
W 36TH AVE
FRANKLIN ST
FRANKLIN ST
W 37TH AVE
W 37TH AVE
WILLIAMS ST
WILLIAMS ST E 26TH AVE
CLARKSON ST
WASHINGTON ST
LOGAN ST
HIGH ST
HIGH ST
GRANT ST
CALI
FOR
NIA
ST
CALI
FOR
NIA
ST E 16T
H AVE
E 16TH AVE
W COLFAX AVE
CUR
TIS
STCU
RTI
S ST
CUR
TIS
ST
W 13TH AVE
W 13TH AVE
BLA
KE
STB
LAK
E ST
E 13TH AVE
E 17TH AVE
E 17TH AVE
VINE ST
VINE ST
VINE ST
VINE ST
RACE ST
RACE ST
RACE ST
GAYLORD ST
GAYLORD ST
GAYLORD ST
ARAP
AHO
E ST
TREM
ON
T PL
ELIOT ST.
SHERMAN ST
18TH ST
DEL
GAN
Y ST
CALI
FOR
NIA
ST
AUR
ARIA
PAR
KW
AY
LAR
IMER
ST
LAR
IMER
ST
LAW
REN
CE S
TLA
WR
ENCE
ST
W COLFAX AVE
WAT
ER S
T
OGDEN ST
32ND ST
WYN
KO
OP
ST
PECOS ST
N SPEER BLVD
W 23RD AVE
CEN
TRAL
ST
W 8TH AVE VIAD
E 23
RD AVE
OSAGE ST
E 20TH AVE
W 29TH AVE
W 8TH AVE
14TH ST
BR
IGH
TON
BLV
D
22ND ST
15TH ST
19TH ST
W 8T
H AVE
15TH ST
E 31ST AVE
KALAMATH ST
MARTIN LUTHER KIN
G BLV
D
20TH ST
LINCOLN ST
W 6TH AVE
PARK AVE
DOWNING ST
DOWNING ST
CHAM
PA S
TCH
AMPA
ST
STO
UT
ST
BROADWAY
YORK ST
YORK ST
SPEER BLVD
W 6T
H AVE
CORONA ST
BROADWAY
DOWNING ST
STO
UT
ST
E 19TH AVE
72
64
47
60
25
Metropolitan State University of Denver Student Success Building• Completed March 2012
• $62,000,000 project
• 145,000 square feet
• Administrative and support services forMSUDenverstudents
• FirstbuildinginMSU Denver’sneighborhood
University of Colorado Denver Academic Building One• Underconstruction,scheduledfor
completion in August 2014
• $60,000,000 project
• 146,000 square feet
•Will house support services and larger lecture room
Community College of Denver Confluence• CompletedMay2013
• $50,000,000 project
• 87,000 square feet
• Administrative and support services for CCD students
• CriticalpartofcreatingCCD’sneighborhood on Auraria Campus
Spring Hill Suites Denver Downtown and Metropolitan State University Hotel and Hospitality Learning Center• Completed August 2012
• $45,000,000 project
• 162,000 square feet and 150 room hotel
•Hotel and learning laboratories for hospitalitystudentsatMSUDenver
• First hotel on the Auraria Campus, providing a much needed amenity for visiting students, family and adjacent neighborhoods
Metropolitan State University of Denver Athletic Fields• Underconstruction,Phase1completedinAugust2013
• $17,000,000 project
• Subsequent phases will include baseball, softball and soccer fields
• Project is adding bike connectivity between13thAveandthe Auraria Campus
AHEC 5th Street Parking Garage• Underconstruction;scheduledtobe
completed in 2014
• $20,000,000 project
• 917 space, four-story parking structure with 15,000 square feet ofgroundfloorretailspace
{18}
Car Sharing & Bike Sharing• 30B-CyclestationsarelocatedinDowntownDenverandover
125,000 bikes were checked out at these Downtown stations
in 2012.
• DowntownDenverishometo50carsharevehicleswith
dedicated parking spaces operated by five different car share
companies:car2go,eGoCarShare,Hertz24/7,OccasionalCar
and Zipcar.
Transit•57RTDbusroutesserveDowntownDenver.
•6lightraillinesstopat11lightrailstationsinDowntownDenver.
•Approximately45,000peopleboardedthe16thStreetMallshuttle
per day in 2012.
TRANSPORTATIONDowntown Denver serves as the transportation hub for the region, providing numerous transportation options for Downtown Denver
residents, employees and visitors. Transportation options are only expanding with the addition of light and commuter rail lines, the
installationofbikelanes,theexpansionofDenver’sbike-sharingsystemandmorecar-sharingoptions.Havingavarietyoftransportation
optionsisimportanttomembersoftheMillennialGeneration,whoarelesslikelytoownacar.MillennialsenjoyDenver’sbikeshare
program, multiple car share programs, strong public transit system and walkable neighborhoods.
Drive Alone 38.7%
Vanpool 0.5%
Use Transit 44.6% Telework 0.8%
Moped/Scooter/Motorcycle 1.8%
Walk 3.8%
Bike 4.3%
Carpool 5.6%
How Do Downtown Denver Employees Get to Work?
OVER60%
ofDOWNTOWN DENVEREMPLOYEES
TRANSIT,WALK, BIKE OR SHARE THE RIDE
use
TO WORK
•OpenedApril26,2013
•FirstFasTrackslinetoopen
•12.1milesoflightrail
•11newstations
•5,605parkingspaces
•$707Mcapitalcost
•Expectedridership
> 19,300–2013
> 29,700–2030
SPOTLIGHT: West Rail Line
STATE OF DOWNTOWN DENVER // SEPTEMBER 2013
{19}
Automobiles•Thereare43,305off-streetparkingspacesinDowntownDenver:
> 33,037spacesinparkinggarages
> 10,268 spaces in lots
•Themedianratesforparkinggaragesandsurfaceparkinglots
have remained relatively stable, with a slight increase in the past
year. The median daily max rates are $16.00 for parking garages
and $8.00 for surface parking lots. The median monthly rates are
$177.50 for parking garages and $117.50 for surface parking lots.
•Parkingratesvarywidelybyneighborhood. Moredetailedparking
rate information can be found at www.downtowndenver.com.
Bicycling•13milesofexistingbikelanes,includingnew15thStreetbikelane
•5milesofsharrows
•5.5milesoftrails
LOOKING AHEAD: Denver Union Station
DenverUnionStationisauniqueandtransformativedevelopmentprojectthatisalreadychangingDowntownDenver.As
thefuturemulti-modaltransithuboftheRockyMountainregion,thepubliclyfundedDenverUnionStationInfrastructure
Redevelopment project is spurring significant private development around the transit center. While this multi-billion dollar
project has been in the works for almost a decade, 2014 will mark the beginning of a series of official grand openings scheduled
to occur over the next several years.
• DenverUnionStationBusComplexisscheduledtoopenMay9,2014.
• 110-roomboutiquehotelintherenovatedhistorictrainstationwillopenJune2014.
• Over22,000squarefeetofnewretailspaceaddedtothehistorictrainstation,includingrestaurantconceptsbyTheKitchen,
SnoozeandChefAlexSeidel.
• Publicspaceswillopenthroughoutearly2014.
• Eightprivatedevelopmentsareunderconstruction,investingapproximately$400millionintheCentralPlatteValley—Commons
andLowerDowntownneighborhoodsaroundDenverUnionStation,withmanymoreprojectsintheplanningstages.
• Threenewcommuterraillinesarescheduledtoopenin2016,includingtheEastLinetoDenverInternationalAirport.
Sources:DowntownDenverPartnership,City&CountyofDenver,DenverBikeSharing,DenverUnionStationProjectAuthority,andRegionalTransportationDistrict
{20} Sources: Downtown Denver Partnership, City of Denver, CoStar, Colorado Convention Center
ENVIRONMENTDowntownDenver’sresidents,employees,employersandvisitorsenjoyahealthygreen
environment and a culture of sustainability:
• 152acresofparksandopenspaceinDowntownDenver
• 51EnergyStarcertifiedbuildingsinDowntownDenver
• 39LEEDcertifiedbuildingsinDowntownDenver
• 2,075treeslocatedintheBusinessImprovementDistrict
• TheColoradoConventionCenterinDowntownDenverhasthemostinnovativegreen
initiativesinthecountry,accordingtoaleadingtradeshowmagazine
• TheCityofDenveristheonlycityintheU.S.toreceivecertificationtotheISO
14001:2004standardbyLloyd’sRegisterQualityAssurance,Inc.fortheCity’s
EnvironmentalManagementSystem.ThiscertificationrewardsDenver’s
commitment to making City buildings, property and processes more sustainable.
Selected Parks In Downtown Denver
PARK ACRES
City of Cuernavaca Park 29.1
Commons Park 19.7
Gates Crescent Park 14.2
Civic Center Park 12.5
Centennial Park 6.6
Fishback Park 4.0
SpeerBlvdPark 3.5
Skyline Park 3.2
ConfluencePark 2.9
DCPA Sculpture Park 2.5
Denver Skate Park 2.4
ConfluenceEastPark 1.3
Creekfront Park 1.0
SPOTLIGHT: Downtown Denver Garden BlockTheDowntownDenverGardenBlockisanoasisonthe16th
Street Mall bringing a unique environment to the block
between Champa and Curtis Street. Installations of various
small gardens, representative of those featured at the
DenverBotanicGardens,createapocketparkonthe16th
Street Mall, giving Downtown Denver visitors, residents and
workers a beautiful place to eat, meet, linger and enjoy the
urban landscape.
STATE OF DOWNTOWN DENVER // SEPTEMBER 2013
{21}
{22}
When visitors come to Denver for business or pleasure, they
are likely to spend time in Downtown Denver. Six of the top ten
attractions for Metro Denver visitors are located in Downtown
Denver, and the 16th Street Mall remains the top visitor
destination. The award-winning Colorado Convention Center
hosted 915,000 visitors in 2012.
Downtown Denver is home to 24 hotels with over 8,850 hotel
rooms. This represents almost 20% of the hotel rooms in the entire
ten-county Metro Denver region. Demand for Downtown Denver
hotel rooms remains high, with hotels enjoying rising occupancy
and room rates. Three hotel projects are under construction and
one hotel project is proposed. When completed, these four projects
willaddanother850roomstoDowntown’shotelmarket.
2,000,000
1,800,0001,753,271
1,600,000
1,400,000
1,200,000
1,000,000
800,000
600,000
400,000
400,000
2003 2004 2005 2006 2007 2008 2009 2010 2011 20120
76%
74%73.4%
72%
70%
68%
66%
64%
62%
60%
58%
56%
2002
2001
2000
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
$170.00
$160.00 $153.50
$150.00
$140.00
$130.00
$120.00
$110.00
$100.00
$90.00
$80.00
2002
2001
2000
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Major Conventions at the Colorado Convention Center August 2012–July 2013
Convention Attendance
SnowSports Industries America 19,000
American Institute of Architects 17,000
International Association of Fire Chiefs 15,000
American Water Works Association 12,000
Heart Rhythm Society 11,500
Colorado Crossroads Volleyball Tournament 11,000
National Council of Teachers of Mathematics 11,000
American College of Emergency Physicians 9,500
Sources:VisitDenver,DowntownDenverPartnership,RockyMountainLodgingReport2000-2012
Downtown Denver Total Hotel Room Nights
Downtown Denver Hotel Market Occupancy Percentage
Downtown Denver Average Room Rate
TOURISM
STATE OF DOWNTOWN DENVER // SEPTEMBER 2013
Facility 2012 Attendance
Children’sMuseumofDenver 348,459
Coors Field 2,630,458
Denver Art Museum 589,296
Denver Performing Arts Complex 1,236,811
DenverPublicLibrary-Central 949,429
Elitch Gardens Theme and Water Park 1,100,000
Museum of Contemporary Art 42,426
Pepsi Center 2,000,000
Sports Authority Field at Mile High 840,000
U.S.Mint 42,007
{23}
Downtown Denver is home to a variety of cultural institutions,
museums and sports venues. From opera to football, Downtown
Denver is the place to be. The Denver Performing Arts Complex
isthenation’ssecond-largestperformingartscomplexwith10
performance spaces, including an opera house, concert hall and
varioustheatres.Theregion’spremiermuseumsarelocatedin
Downtown Denver. The Denver Art Museum, Clyfford Still Museum,
Denver Museum of Contemporary Art and the History Colorado
Center provide a variety of permanent and temporary exhibits for
Denver visitors and residents to enjoy.
Families have many reasons to visit Downtown Denver. In addition
to family-friendly exhibits at the many museums, families love
visitingtheDowntownAquarium,theChildren’sMuseumofDenver
and Elitch Gardens Theme and Water Park.
Sports fans of all kinds can attend over 200 games played annually
atDenver’smajorsportsvenueslocatedinandadjacentto
Downtown Denver at The Pepsi Center, Coors Field, and Sports
Authority Field at Mile High. Downtown Denver also hosts the
finalstageoftheUSAPro-CyclingChallengeandmanyother
professional and amateur sporting events.
Sample Downtown Events
Dr.MartinLutherKing,Jr.Marade January
NationalWesternStockShowParade January
DenverSt.Patrick’sDayParade March
Doors Open Denver April
Cinco de Mayo Festival May
DenverComicCon May-June
Denver Cruiser Ride May-September
Denver Day of Rock May
Denver Derby Party May
Downtown Denver Arts Festival May
Kaiser Permanente Colfax Marathon May
CapitolHillPeople’sFair June
CherryBlossomFestival June
CivicCenterEATS June-September
DenverBiketoWorkDay June
DenverChalkArtFestival June
DenverPrideFest June
InnovAgeMoonlightClassic June
MakeMusicDenver June
IndependenceEveatCivicCenter July
SouthwestMoviesatSkylinePark July-August
UndergroundMusicShowcase July
A Taste of Colorado August
Komen Race for the Cure September
USAProCyclingChallenge September
Columbus Day Parade October
Denver Zombie Crawl October
Gorilla Run October
GreatAmericanBeerFestival October
Oktoberfest October
Rockn’RollMarathon October
Denver Christkindl Market November-December
Grand Illumination November
Southwest Rink at Skyline Park November-February
StarzDenverFilmFestival November
9NewsParadeofLights December
NewYear’sEveFireworks December
CULTURE, ENTERTAINMENT, SPORTS & EVENTS
Source: Visit Denver, Downtown Denver Partnership
STATE OF DOWNTOWN DENVER // SEPTEMBER 2013
Downtown Denver Inc. Board of Directors 2013–2014
Walter Isenberg, Sage Hospitality, Chairman
Rob Cohen, IMA Financial Group, Inc., Vice Chair
Trinidad Rodriguez, D.A. Davidson & Co., Treasurer
Ralph Pace, US Bank, Secretary
Jim Basey, Centennial Bank
Mike Bearup, KPMG LLP
Scott Bemis, Denver Business Journal
Molly Broeren, Molly’s of Denver
Kristin Bronson, Rothgerber Johnson & Lyons LLP
Brad Buchanan, RNL Design
Chad Calvert, Noble Energy
Chris Castilian, Anadarko Petroleum Corporation
Stephen Clark, S. B. Clark Companies
Mark Cornetta, 9News
Dana Crawford, Urban Neighborhoods, Inc.
Andre Durand, Ping Identity
David Eves, Public Service Company, an Xcel Energy Company
Cole Finegan, Hogan Lovells US LLP
Bob Flynn, Crestone Partners, LLC
Mark Goodman, Boyer’s Coffee
Jim Greiner, iTriage, LLC
Tom Grimshaw, Spencer Fane & Grimshaw, LLP
Lisa Halbleib, Century Link
Todd Hartman, Callahan Capital Partners
Michael Hobbs, Guaranty Bank and Trust Company
Kathy Holmes, Holmes Consulting Group
Bruce James, Brownstein Hyatt Farber Schreck
Steve Katich, J.E. Dunn Construction Co.
David Kenney, The Kenney Group
Pete Khanna, TrackVia, Inc.
Dick Kirk, Richard A. Kirk & Associates
Gail Klapper, The Klapper Firm
Kim Koehn, K2 Ventures, LLC
Mike Komppa, Corum Real Estate Group
Tom Lee, Newmark Grubb Knight Frank
Laura Love, Groundfloor Media
Dan May, Renal Ventures
John Moye, Moye White
Will Nicholson, Rocky Mountain BankCard Systems, Inc.
Ralph Pace, US Bank
Ray Pittman, CB Richard Ellis
Susan Powers, Urban Ventures LLC
Gary Reiff, Black Creek Group
Jon Robinson, UMB
Maja Rosenquist, Mortenson Construction
Kathy Seidel, Northern Trust Bank of Colorado
David Shapiro, DaVita Inc.
John Shaw, McWhinney
Charlita Shelton, University of the Rockies
Marc Spritzer, CoBiz Financial
George Thorn, Mile High Development
Deborah Wapensky, Vectra Bank Colorado
Travis Webb, BKD CPAs & Advisors
Tracy Winchester, Five Points Business District
David Wollard
John Yarberry, Wells Fargo
Mike Zoellner, RedPeak Properties
Denver Civic Ventures Board of Directors 2013–2014
Joe Vostrejs, Larimer Associates, Chairman
Bill Mosher, Trammell Crow Company, Vice Chair
Trinidad Rodriguez, D.A. Davidson & Co., Treasurer
Meg VanderLaan, MWH Global, Inc., Secretary
Bruce Alexander, Vectra Bank Colorado
Sueann Ambron, Univ of Colo Denver, Business School
Holly Barrett, LoDo District, Inc.
Ray Bellucci, TIAA-CREF
Ferd Belz, L.C. Fulenwider, Inc.
Peter Bowes, Bowes and Company
Marvin Buckels
Frank Cannon, Union Station Neighborhood Company
Dee Chirafisi, Kentwood City Properties
Cheryl Cohen-Vader, Stapleton Development Corporation
Gene Commander, Polsinelli
Gary Desmond, NAC Architecture
Kelly Dunkin, The Colorado Health Foundation
Taryn Edwards, Saunders Construction Co.
Greg Feasel, Colorado Rockies Baseball Club
Patty Fontneau, Connect for Health Colorado
Mac Freeman, Denver Broncos
Michael Glade, Molson-Coors Brewing Company
Jerry Glick, Columbia Group Limited, LLLP
Tom Gougeon, Gates Family Foundation
Beth Gruitch, Rioja
Ismael Guerrero, Denver Housing Authority
Randy Hammond, JPMorgan Chase
Amy Hansen, Otten Johnson Robinson Neff & Ragonetti
Rus Heise
Doug Hock, Encana
Don Hunt, Colorado Department of Transportation
Jennifer Johnson
Jim Johnson, JG Johnson Architects
Stephen Jordan, Metropolitan State University of Denver
Brian Klipp, klipp—a division of gkworks
Greg Leonard, Grand Hyatt
Roland Lyon, Kaiser Foundation Health Plan of Colorado
Evan Makovsky, NAI Shames Makovsky
Gene Myers, New Town Builders
Cindy Parsons, Comcast
Bill Pruter, The Nichols Partnership
Sarah Rockwell, Kaplan Kirsch Rockwell LLP
Ken Schroeppel, University of Colorado Denver, College of Architecture & Planning
Tim Schultz, Boettcher Foundation
Chip Schweiger, Grant Thornton
Glen Sibley, Fleisher Smyth Brokaw
Mark Sidell, Gart Properties
David Sternberg, Brookfield Office Properties
Jean Townsend, Coley Forrest, Inc.
David Tryba, Tryba Architects
Elbra, Wedgeworth, Denver Health
Wendy Williams, Vector Property Services, LLC
Downtown Denver Business Improvement District Board
Ed Blair, Embassy Suites Denver, Chair
Josh Fine, Focus Property Group, Vice Chair
Josh Comfort, Real Estate Development Services, Treasurer
Susan Cantwell, The Gart Companies, Secretary
Dorit Fischer, NAI Shames Makovsky
Kevin McCabe, Newmark Grubb Knight Frank
Myra Napoli, Brookfield Office Properties
DDP Staff Contributors / Editors
The State of Downtown Denver report is created by the Downtown Denver Partnership Research Department. Staff contributors and editors include: Emily Brett, Aylene McCallum, John Desmond, Jim Kirchheimer, Brian Phetteplace, Bonnie Gross, Ryan Sotirakis, Aneka Patel, Susan Rogers-Kark, Beth Warren, Amanda Jimenez and Tami Door.
Information Sources
American College of Sports Medicine, American Forests, Auraria Higher Education Center, Brookings, Business Journals, Businessweek.com, CardHub, Central Connecticut State University, City of Denver, Claritas, CleanEdge, Colorado Convention Center, Colorado State University , Community College of Denver, CoStar, Denver Business Journal, Denver Infill, Denver Metro Apartment Vacancy and Rent Survey, Denver Post, Denver Union Station Project Authority, Downtown Denver Partnership, Entrepreneur Magazine, Forbes, Gallup, Kiplinger’s, LedgerLink, Longitudinal Employment Household Dynamics, Metro Denver Economic Development Corporation, Metro State University Denver, NerdWallet, Newmark Grubb Knight Frank, Quarterly Census of Employment and Wages, Regional Transportation District, Rigzone, Rocky Mountain Lodging Report 2000–2012, Travel + Leisure, U.S. Census Bureau, Under30CEO, University of Colorado Denver, Visit Denver, www.walkscore.com
Graphic Design
Pure Brand Communications
For errata
Please visit www.downtowndenver.com
“�A�city�is�a�place�where�there�is�no�need�to�wait�for�next�week�to�get�the�answer�to�a�question,�to�taste�the�food�of�any�country,�to�find�new�voices��to�listen�to�and�familiar�ones�to�listen�to�again.”�
� —�Margaret�Mead
Published in September 2013 by:
Downtown Denver Partnership 511 16th Street, Suite 200 Denver, CO 80202
303.534.6161
www.downtowndenver.com
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