The fourth quarter economic data indicates that Downtown Denver’s economy is on an upswing, consistent with national forecasts that 2012 could be a “gear year,” where consumers are more comfortable spending. The fourth quarter of 2011 emphasized several strengths and weaknesses in Downtown Denver’s recovery. For example, while many of the indicators are positive, such as low retail and office vacancy rates, high retail sales tax collections and increasing hotel occupancy rates and room rates, the retail and office lease rates still haven’t returned to pre-recession levels. Read the full Downtown Denver economic report, online.
Don’t have time to read the whole report? Check out the first page (the executive summary) to catch up on the highlights.
The Downtown Denver Partnership produces an array of research to support Downtown’s overall economic development, retail and housing efforts. The research can be found on DDP’s website. As part of its research portfolio, DDP produces comprehensive reports each quarter that provide a holistic perspective on the overall economic health of Downtown. If you have any questions or would like additional information, please contact Cole Judge, Downtown Research Coordinator, at cjudge@downtowndenver.com.
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