September 6, 2017

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?

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.”

“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.

Read more at: https://www.bisnow.com/denver/news/economy/with-the-lowest-unemployment-rate-for-a-big-msa-denvers-growth-prospects-bright-78475?utm_source=CopyShare&utm_medium=Browser?utm_source=CopyShare&utm_medium=Browser



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