About Denver Offices
Mostly, Denver seems to excel at reinventing itself. Renting office space in Denver has spanned multitudes of businesses throughout its history. Mining has always been a key business, as has agriculture and ranching. Defense, atomic and nuclear energy was “hot” in the 1950’s, and oil and gas was booming in the 1970’s through the 1990’s. Tourism is the one industry that has always endured.
Denver is nicknamed the “Mile High City” because it literally sits 1-mile high above sea level, but in terms of terrain, Denver is one of the flattest cities in the U.S. The nearby Rocky Mountains are not flat and provide breathtaking views.
Denver is a city of many colors – gold, silver, brown and green. In 1858, gold was discovered nearby and the gold rush began. Soon the need for prospecting tools lead to Denver becoming a trading center. Silver was later discovered and another flood of people came to the area.
Denver’s frontier grit has come honestly over the years. Denver was re-incorporated in 1861, after having withdrawn from Kansas for political reasons to become its own territory. The city nearly burned to the ground in 1863, but was soon rebuilt with brick instead of wood, and life resumed. The following year, the area was hit with a devastating flood with losses exceeding the fire the previous year. Floods came again in 1875, 1878, 1912 and 1933, before a dam on Cherry Creek was finally built. Indian attacks and grasshoppers eating all the crops came in 1865.
The city exploded in population (and tourists) after the city decided to build its own railroad track to join with the transcontinental rail lines that had by-passed them. In 1877, Denver became the state capital of Colorado. With all the free-flowing money though, gambling, prostitution and corruption soon overran the city. The economy crashed in 1893 and this led to a mass exodus from the city.
By the 1930, a severe drought drove farmers to abandon their land and leave, creating the “Dust Bowl” as soil literally blew away from lack of rain. By the end of the Great Depression, these unemployed men were building roads, bridges and parks through WPA projects that soon transformed Denver into a tourist heaven. A nuclear accident in 1957 left parts of Denver radioactive, but oil and gas turned Denver into a boomtown again afterward.
Business Space in Denver
Denver’s economy is based on energy, defense, aerospace, government, technology, agriculture, railroad, manufacturing, food processing, tourism, financial services and healthcare.
Diverse organizations and companies call Denver home, including DirectTV, Enterprise Rent-A-Car, the Atomic Energy Commission, National Oceanic and Atmospheric Administration (NOAA), Hewlett-Packard, Honeywell, Panera Bread (Breads of the World), IBM and Lockheed-Martin.
Denver has three business districts – Downtown, Union Station and Civic Center. The majority of business is concentrated Downtown. The downtown area can be divided into six or seven main districts: Union Station, LoDo, Ball Park, Central Downtown, Civic Center, Upper Downtown and Arapahoe Square.
Downtown is all inclusive with skyscrapers, sports arenas, restaurants, bars, a mile-long shopping mall and many entertainment venues, including a year-round amusement park with thrill rides, and an aquarium, that are all located in the one area. Banks, financial services, energy companies and tourist destinations call downtown home. And, leasing office space is easy in Denver with 23 million square feet of office space available downtown alone.
LoDo (Lower Downtown) is the trendy part of Downtown and is home to upscale restaurants, pubs, microbreweries, sports bars and coffeehouses. Nearby are professional sports complexes, like the Pepsi Center and Coors Field. This area contains advertising, Internet and graphic design firms, as well as many of the city’s art galleries.
Five Points is another unique area of Downtown, where people go to experience traditional African-American food and culture, including more than 50 jazz clubs.
Denver Tech Center is in suburban Denver and is the second business district. This area is characterized by restored buildings and houses, and is home to the technology sector in the city.
Civic Center is the third business district, and houses government, arts and cultural organizations. The area is beautifully appointed with statutes, lush gardens and fountains. The area contains the Denver Art Museum, the Colorado History Museum and the Federal Reserve.
Facts about Denver:
Denver really is the mile high city, sitting at 5,280 feet above sea level. It’s a compact city covering only 45 square miles in area, and has a population of 600,158 people according to the 2012 Census.
The racial mix of the city is 65% Caucasian, 11% African-American, 18% Hispanic, 3% Asian and 3% other races.
Denver has an average of 300 days of sunshine a year and has an average low temperature in January of 15? F and an average high temperature in July of 88° F.
The median age is 32 years old. Denver has the highest percentage of Baby Boomers in the U.S., with 33% of its population falling into the 50 to 65 age group. This older population also accounts for the city having the most educated population in the country with 92% having attained a high school diploma and 35% having attained a college degree or better.