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Cherry Creek thriving while other commercial districts in U.S., including downtown Denver, are struggling

Category: In the News

Cherry Creek North was featured on the front page of The Denver Post following the Cherry Creek Alliance Annual Breakfast & release of the 2024 State of Cherry Creek and Development Report. The article discusses the Cherry Creek area's vibrancy amid a struggling commercial market, showing an office vacancy rate of 8.5% while downtown's is at 23%.

With high-end retail, numerous dining options, executive housing, premium hotels, and multi-family all attached to a robust business district, Cherry Creek represents a “super- unique” concentration that is hard to replicate, said Hilary Barnett, a senior director in Denver with JLL Capital Markets.

“New construction in Cherry Creek is 99% leased before it delivers,” Barnett said. “Cherry Creek has positioned itself as one of the top markets in the U.S.”

Aldo Svaldi, The Denver Post

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Photo by Hyoung Chang/The Denver Post