{"id":1505,"date":"2026-06-11T13:34:38","date_gmt":"2026-06-11T13:34:38","guid":{"rendered":"https:\/\/coloradospringsmoverss.com\/?p=1505"},"modified":"2026-06-11T13:34:38","modified_gmt":"2026-06-11T13:34:38","slug":"could-lodos-success-point-way-for-rest-of-downtown-denver","status":"publish","type":"post","link":"https:\/\/coloradospringsmoverss.com\/?p=1505","title":{"rendered":"Could LoDo\u2019s success point way for rest of downtown Denver?"},"content":{"rendered":"
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An analysis shows that Lower Downtown is increasingly outperforming the rest of the central business district in attracting commerce, which a business organization says could provide a roadmap for rejuvenating Denver\u2019s core.<\/p>\n

Read more A quick look at the Colorado governor candidates running in this month\u2019s Democratic, Republican primaries<\/a><\/p>\n

The new analysis by the Denver office of real estate firm JLL shows that rents in LoDo for buildings characterized as Class A or trophy\u00a0were only about $1 per square foot more than the rest of downtown in 2019. The current rents are more than $12 per square foot higher than the rest of the central business district.<\/p>\n

Rents for the most sought-after buildings in LoDo shot up 32% since 2019, compared with just 7% across the entire central business district.<\/p>\n

\u201cEveryone knows these buildings are performing better. What I found striking, putting the numbers to it, is just how wide that LoDo premium has become,\u201d said T.J.\u00a0Jaroszewski, senior director of research for the mountain region of JLL.<\/p>\n

LoDo has consistently outperformed the rest of downtown since the COVID-19 pandemic, said Kourtny Garrett, president and CEO of the Downtown Denver Partnership, which promotes economic development. She said the area demonstrates the strength of a mixed-use neighborhood, dating back to the revitalization of Union Station, completed in 2014.<\/p>\n

The business organization\u2019s vision \u201cis moving much more toward what you see in LoDo for the whole of downtown,\u201d Garrett said.<\/p>\n

Downtown Denver has been looking to get its groove back since the pandemic hit. Businesses closed their doors to the public and many people started working from home. Although activity has picked up and more employees are working at least a few days a week in the office, several downtown buildings remain underused and the loans on some business towers have lapsed into delinquency.<\/p>\n

Building vacancies soared to the highest levels in decades, surpassing rates during the Great Recession and not seen since the region\u2019s oil and gas bust in the mid-1980s.<\/p>\n

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One of the problems, real estate experts agree, is that the large stock of older buildings have suffered from what the industry calls a \u201cflight to quality:\u201d newer sites with up-to-date amenities in more diverse neighborhoods. Areas such as LoDo have fared better because of a mix of offices, restaurants, stores, entertainment spots and walkability, Jaroszewski said.<\/p>\n

LoDo was attracting more interest than other parts of downtown even before COVID, he added. A real estate seminar focused on what people called the tale of two cities.<\/p>\n

Read more 2 Army vets vie for chance to unseat U.S. Rep. Jeff Crank: \u2018This is not your mother\u2019s Colorado Springs\u2019<\/a><\/p>\n

\u201cWe were positing even back then that all the pulse, all the lifeblood, all the attention was going toward the LoDo\/Union station area,\u201d Jaroszewski said.<\/p>\n

But Jaroszewski was surprised when he separated the LoDo numbers from the rest of the central business district by how sharp the differences had become.<\/p>\n

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\u201cIt\u2019s the scale of the separation that\u2019s opened up inside downtown once you actually put hard numbers to it,\u201d Jaroszewski said. \u201cAt this point, it increasingly feels like certain parts of downtown are still competing for demand, while other parts are competing much harder just to stay relevant in the conversation.\u201d<\/p>\n

The boundaries of the LoDo sub-market are generally Speer Boulevard to Coors Field and around Larimer Street to roughly a couple blocks west of Union Station. Jaroszewski\u2019s analysis focused on the 68 Class A Buildings in the central business. Of those, 24 are in LoDo.<\/p>\n

Vacancies in LoDo\u2019s Class A buildings ticked up 2.5% since 2019, while those in the rest of the business district rose 22%.<\/p>\n

LoDo\u2019s vacancy rate for all types of building is about 20%, compared with 36.5% for the entire downtown.<\/p>\n

Garrett believes the planned conversions of office buildings to residences and investments being made by Denver Downtown Development Authority in other parts of the central business district will be a catalyst for downtown. She sees the area shifting from a one-dimensional commercial office center into \u201csomething that is much more mixed-use and neighborhood driven.\u201d<\/p>\n

\u201cThe success that LoDo\u2019s seeing is going to contribute to the success that the (central business district) will see. I think it\u2019s a precursor to what they\u2019re going to see,\u201d said David Welsh, an executive vice president with the Downtown Denver Partnership.<\/p>\n

Get more real estate and business news by signing up for our weekly newsletter, On the Block.<\/em><\/p>\n

Read more Who\u2019s running for Colorado attorney general? A look at the Democratic and Republican primary candidates.<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The rents for so-called “Class A” buildings in Lower Downtown Denver are soaring while vacancies are lower than the rest of the central business district.<\/p>\n","protected":false},"author":1,"featured_media":1504,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,4,37],"tags":[],"class_list":["post-1505","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-news","category-real-estate"],"yoast_head":"\nCould LoDo\u2019s success point way for rest of downtown Denver? - Colorado Springs Moverss<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coloradospringsmoverss.com\/?p=1505\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Could LoDo\u2019s success point way for rest of downtown Denver? 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