Denver's Economy Sizzles, With The Country's Lowest Major Metro Unemployment Rate

Denver has an odd challenge when it comes to economic growth. Denver is one of the most dynamic local economies in the nation. So where does it go from up?

Republic Plaza, Denver

Of the 51 U.S. metropolitan areas with a population of 1 million or more, Denver-Aurora-Lakewood had the lowest unemployment rate in July, a scant 2.4%, according to the Bureau of Labor Statistics. People keep moving here, and they keep getting jobs.

There is still room for more growth, said David Sternberg, Brookfield Property Partners executive vice president, Northern California and Mountain regions.

"The Denver economy continues to grow as it attracts an educated and skilled workforce," he said. "Denver ranks highly and, in fact by Forbes most recently, as the No. 1 place for business and careers."

Courtesy of David Sternberg
Brookfield Property Partners Executive Vice President, </br>Northern California and Mountain Regions David Sternberg

"The influx of an educated workforce moving to Denver continues to fuel the housing market, and has made the city an attractive place for firms to grow and create businesses," Sternberg said.

"While growth may slow due to global economic factors, the economy has diversified and will continue to be a highly attractive place to invest."

Brookfield holds two Downtown Denver trophy assets, the 1.9M SF 1801 California and the 1.8M SF Republic Plaza, the tallest office building in the city. Recently, the company oversaw the transformation of a dated food court at Republic Plaza into The Commons, a collaborative lounge, fitness center and conference rooms for tenants.

Find out more about Denver at Bisnow's Future of Downtown Denver on Sept. 12 at the Wells Fargo Center. Sternberg will be one of our speakers.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Denver Newsletters
Related Stories

Local Coffee Shop To Open Third Location: The Denver Deal Sheet

Amazon Building 1.2M SF Distribution Facility In Aurora

EXCLUSIVE: Building On Former Denver Johnson & Wales Campus To Sell For $11M

Making The Case For Preconstruction As Risk Management

CU Denver Purchases Independence Plaza: The Denver Deal Sheet

10 States Alone Carry $1.4T In Wildfire Property Risk, Cotality Finds

Real Capital Solutions Launches Contrarian Office Fund With $50M From CEO

Detailed Design Plans Revealed For Women's Soccer Stadium: The Denver Deal Sheet

Gold Crown Foundation Plans 75K SF Castle Rock Fieldhouse

Inspectors, Building Officials Shrug Off Conversion Scares

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

More Hotel Owners In Need Of Cash Are Getting It From The Big Brands