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

Published 04-08-2024

Cherry Creek North was featured on the front page of The Denver Post following the Cherry Creek Alliance annual breakfast and 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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