Downtown Denver Retail Market


RETAIL MARKET With an increasing residential population, record numbers of tourists and conventioneers, and the highest concentra- tion of employees in the Rocky Mountain Region, Downtown Denver offers a strong retail environment with great potential for growth. Downtown is a social hub with more than 300 restaurants and bars to attract visitors, residents and employees. Outdoor cafes thrive in the Colorado sunshine. The free 16th Street Mall Shuttle provides convenient access to retail & restaurant locations for nearly 50,000 passengers each day.


RETAIL FACTS Retail stores Downtown................................................................... nearly 1,000 Increase in restaurants since 1994 ................................................................150% Retail Occupancy............................................................................. 97.4% Total square feet ............................................................................3 million Median rental rate ....................................................................... $24.50 NNN (Newmark Grubb Knight Frank, Fourth Quarter 2012)


SALES TAX REVENUES


In 2011, Downtown Denver generated $34 million in sales tax revenue which is 6.2% of all citywide sales tax collections, up 6.8% from 2010 collections. Sales tax revenues from establishments along the 16th Street Mall typically make up about 30% of the Downtown total.


MARKET COMPOSITION BY CATEGORY Transportaion 2% Mail Vendors 3% Transportation 2% Shopping & Retail Services 27%


Accommodations 2% Arts & Entertainment 10%


Financial Services 5% Business & Civic Services 4%


Personal Services 13% Places of Worship 1% Restaurants & Bars 33%


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