Denver, CO Commercial Real Estate Market Overview
Denver is the most populous city in the Rocky Mountains region. Its location in the mineral- and fossil fuel-rich Denver-Julesburg Basin played an important role in the city’s foundation and growth. To this day, several energy and mining companies maintain offices in the Denver-Aurora metropolitan area. Although these industries continue to be important factors in the local economy, main sectors have diversified to also include high technology; education; finance; culture and tourism; and commerce, as well as storage and distribution services.
Commercial real estate in Denver also accommodates a host of federal agencies, as well as defense and space research projects and telecommunication activity. In fact, Denver’s location within the mountain time zone presents a unique advantage in that communication with both North American coasts, South America, Europe and Asia is possible within the same business day. In recent years, the city has gone to great lengths to capitalize on its many distinct advantages and diversify the local economy so that it would not be as susceptible to boom and bust cycles as it was in the past.