Downtown Denver Partnership Reports Real Estate Surge

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Downtown Denver Partnership Reports Real Estate Surge

The Downtown Denver Partnership (DDP) which publishes economic updates every quarter to provide timely economic data about Downtown Denver to various stakeholders, released the second Economic Update of 2013 on May 1, 2013. According to the most recent data, Downtown Denver’s economy continues to thrive, as economic indicators show an overall positive image, employment gains, increased retail sales, and a surging residential real estate market. Key real estate findings include:

  • The residential real estate market was significantly stronger in the fourth quarter 2012 than the previous year; data from the fourth quarter 2012 showed total home sales rose by 115% in Downtown Denver and the average sales price rose by 18.7%.
  • Residential development in Downtown Denver and the City Center Neighborhoods continues to thrive with 7,068 rental units and 136 for-sale units under construction as of April 2013.

To read the Economic Update report in its entirety, click here.

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