globe retail outlook data

 

  • Retail
  • Office
  • Log In
https://smg.cbre.com/images/default-source/default-album/header-image.jpg?sfvrsn=69c20d96_0

Retail By City

city rank #89

City Overview

Denver’s retail market is riding the demographic and economic wave, which is creating an opportunistic environment for all retail stakeholders. With the impressive performance of Denver’s retail market, landlords and investors are intent on better understanding and capturing trade area demand as well as harnessing market-wide trends. At the same time, retailers are eager to embrace new opportunities and identify optimal real estate solutions that align with the region’s expanding consumer base. The retail market’s recovery in Denver has lagged other commercial sectors recently … that is up until now. Unprecedented job gains combined with game-changing population growth have aligned for several years of fundamental strengthening, innovative retail solutions, an emphasis on placemaking and ground-breaking new projects. Partly due to minimal new supply, well-located premium retail space is in high demand both in the urban core and in suburban markets. As tenants and landlords strive to adapt to the ever-changing needs of the consumer base, this report provides insight into Denver’s retail landscape, the Denver consumer base and the latest trends taking over the market.

Denver’s retail market has sustained growth due to a swelling population and rising wages which have boosted consumption of goods and services. The local market has welcomed new retail trends and experiences which has helped overcome the impact of national store closures. The entertainment, grocery, and food and beverage sectors remained the key drivers in the Denver retail market in Q2 2018. Persistent demand was showcased by the high level of new construction underway and the market achieving positive quarterly net absorption in spite of major national store closures. Average asking lease rates increased by just $0.08 per sq. ft. quarter-over-quarter to $18.76 per sq. ft. triple net (NNN). Retail investment sales topped $166 million with average pricing per sq. ft. up 23.3% quarter-over-quarter.

Things to do

See

Work

Downtown, Uptown, Denver Tech Center, Greenwood Plaza, Interlocken



 


Rest

Denver Botanic Gardens, Denver Zoo, Colorado History Museum, Denver Art Museum, Denver Museum of Nature and Science, Wild Animal Sanctuary,  Denver Mint, Rocky Mountain National Park, Children's Museum of Denver, Denver's Art District on Sante Fe


And be seen

Eat

The Palm, Ocean Prime, The Kitchen, Sushi Den, Frasca, Fruition Restaurant, Beatrice & Woodsley, Elways, FNG, Oskar Blues Grill and Brew, Social, Fare, The Bindery, Annette, Tavernetta, Citizen Rail, Hearth & Dram, Hedge Row, an American Bistro, El Five, Bigsby’s Folly, Dazzle, The Pig & The Sprout, Otra Vez Cantina, Kachina, Guard and Grace, Table 6, TAG, Euclid Hall, Cholon, Work & Class


Drink

The Green Russell, Second Home, The Viewhouse, Terminal Bar, William and Graham, OAK at Fourteenth, Cruise Room, Ste. Ellie, 16MIX


Be Merry

Comedy Works, Denver Aquarium, Denver Center for the Performing Arts, Elitch Gardens, Water World, Red Rocks Amphitheatre, Avanti Food & Beverage, The Source, Stanley Marketplace, Hammond's Candy Factory