Friday 19 July, 2013
Denver has an excellent business scene that’s only growing in recent years. Forecasters say it’s going to be a major business center for the United States in the coming years. For a number of reasons, it’s a great place to start a business and there are many neighborhoods that are ideal. Actually, there are too many to cover here, but here is a quick overview of 5 of its most popular.
As the downtown areas of most major cities decay and people fly to the suburbs, Denver’s downtown is still going strong. It’s a hot area for young working professionals and it offers excellent foot traffic if you’re a retail store. The 16th Street Mall and its LoDo area are thriving and trendy. Of course, the rents downtown are the highest you’ll find anywhere in the city, but the benefits outweigh the costs if you can afford it.
Rents in Capitol Hill are much lower but your business is still centrally located. Capitol Hill is a hip, trendy and mostly residential area that’s spotted with businesses housed in old Victorians. The architecture offers a great deal of variety, with modern office buildings next to old mansions cut into apartments. Capitol Hill offers businesses character and convenience.
The Highlands area north of downtown is a bit further afield but not too far. It’s only about 10 minutes by car from downtown. One advantage is that it offers easy access to I-70, which cuts right through it. The Highlands neighborhood has a small town feel while still being in the big city. Many of its streets are trendy but it also has a downhome feeling. Rents are generally low and it’s considered an up-and-coming Denver neighborhood.
But no area of Denver is as ‘up and coming’ as the Uptown neighborhood north of Colfax and east of downtown. This is an area that’s currently undergoing major rejuvenation and it’s trying to attract businesses. Uptown is central and relatively cheap with plenty of foot traffic, and in the years to come it’s expected to become a major business area.
If you prefer a quaint, small-town feel and a neighborhood with lots of local pride, South Denver neighborhoods like South Pearl and Washington Park are good. There is little commercial space available here, but it has a great deal of community spirit, which means a loyal customer base. Many people fall in love with this area and decide to base their businesses there.
Although it seems cool to locate your business in the city, don’t rule out the many Denver suburbs. The small towns that surround Denver offer plenty of local character, low rents, and thriving business communities. Industrial parks like Denver Tech Center and Montbello have grown into communities of their own. These areas are especially good if you have a warehouse or other business that needs a great deal of space.
When considering Denver neighborhoods for your business, start by considering what’s most important to you, whether it’s price, convenience, amenities, access, space or local character. There is plenty of variety in and around Denver to choose from.