Report: Developers have invested $4.4 billion into downtown Denver since 2011

Adrian D. Garcia

Jul. 05, 2016, 12:42 p.m.

Since 2011, $4.4 billion worth of development projects were started or completed in downtown Denver, according to a new report from The Downtown Denver Partnership.

The report released Thursday shows 73 projects (mapped above) added

3.1 million square feet of office space
6,447 residential units
2,457 hotel rooms
599 stories

Tami Door, the Downtown Denver Partnership CEO and president, hopes recent development will signal downtown Denver is ripe for investment.

“Developers are responding to increased demand for residential housing, office space and hotel rooms propelled by strong population and job growth, as well as key public sector investments,” Door said in a statement.

Demand and growth are also propelling prices. Living and working in downtown Denver tends to be more expensive than other areas of the city.

In 2015, condos, townhomes and single-family houses sold for roughly $162,000 more on average than similar residential properties in the greater metro area, according to the Downtown Denver Partnerships’ 2016 State of Downtown Denver report.

The report shows the average asking price for leasing office space was $33.14 per square foot in fourth quarter 2015.

Subscribe to Denverite’s newsletter here bit.ly/DailyDenverite.

A couple experiencing homelessness lives in this camp along Sand Creek. (Donna Bryson/Denverite)

Business and political figures have started to raise voices — and funds — to oppose Right to Survive

The initiative's backers say it's a matter of protecting the rights of people experiencing homelessness

Randy Russell sits beyond a police line. "Homeless sweeps" on Nov. 15, 2016. (Kevin J. Beaty/Denverite)homeless; sweeps; denver rescue mission; police; justice; kevinjbeaty; denver; denverite; colorado; camping ban; right to rest;

Denver Democrats endorse Right to Survive

A Thrive Elements Collection home in Stapleton. (Donna Bryson/Denverite)

Stewards of Denver’s affordable housing program slammed if they don’t, slammed if they do

A major builder complains OED has made it too difficult for buyers to get homes.

A screen shot of Blucifer: The Doom Horse of Denver.

The Blucifer video game is ready for those of you who want to be Denver’s airport demon horse

Blucifer is "woke" and also the real Gossip Girl.

Boettcher Concert Hall. (Kevin J. Beaty/Denverite)

The Colorado Symphony wants a new concert hall

“The bottom line is: Whatever plan Next Stage comes up with will involve taking Boettcher Concert Hall down.”

Guinevere Vigil rides the half pipe in roller skates at Englewood's Cushing Park, Feb. 2, 2019. (Kevin J. Beaty/Denverite)

Things to do in Denver this weekend, Feb. 15-17

Denver Public Schools Superintendant Susana Cordova sits in a packed room during negotiations with Denver's teachers union at the Denver Public Library, Feb. 12, 2019. (Kevin J. Beaty/Denverite)

Here’s how Denver’s teacher pay debate went from fiery to collaborative and even a little silly

With the help of a federal mediator and a lot more attention and pressure, the teachers union found new superintendent Susana Cordova easier to work with.

Mayor Michael Hancock announces a city bill to increase minimum wage for city workers, Feb. 14, 2019. (Kevin J. Beaty/Denverite)

Denver city workers and contractors are now on track to get a $15 minimum wage

The Hancock administration, City Councilwoman Robin Kniech and union organizers have proposed a new normal.

State House District 37 Rep. Tom Sullivan speaks at a press conference for a "red flag" bill that's being introduced in the state legislature, Feb. 14, 2019. (Kevin J. Beaty/Denverite)

With Democrats in control of the legislature, Colorado lawmakers revive red-flag bill

Legislators believe passing the “extreme risk protective order” will help reduce gun violence.

Lupe Lopez-Montoya greets students at Columbian Elementary School on Thursday after Denver's three-day teacher strike. (Eric Gorski/Chalkbeat)

Jubilation, and some confusion, as Denver schools begin their post-strike recovery

Denver teachers cheer as a live feed of a rally outside the Denver Public Library is fed inside to a negotiation room, Feb. 12, 2019. (Kevin J. Beaty/Denverite)

Strike over: Denver school district, teachers union sign tentative pact raising teacher pay

The tentative deal gives teachers significant raises and a more traditional pay system, while keeping incentives for teachers at high-poverty schools that the district believes are essential.