On the east side of Denver’s Downtown, you’ll find Uptown: a hip, newly established area within Denver’s Central Business District. In recent decades, Uptown carried a reputation as an up-and-coming Denver neighborhood, an area overshadowed by neighboring LoDo and Downtown. However, in recent years, Uptown’s popularity has swelled with investors and renters alike. Today Uptown is home to one of Denver’s best “restaurant rows,” a neighbor to the city’s largest green space, and a mecca for some of the most innovative companies in the area.
In the past couple of years alone, software companies, digital agencies, and tech firms have relocated to Denver’s Uptown neighborhood, making it a hub of creative energy. If you’re in search of an innovative location to set up a company office, here’s everything you need to know about Uptown, the booming lower triangle of the Denver business district.
Uptown Office Space | Lease Data & Trends
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Uptown comprises the lower third of Dever’s Central Business District, alongside LoDo and Midtown. As a newly established district in Downtown Denver, commercial rates in Uptown are the most affordable within Denver’s Central Business District. For Class A properties in Uptown, average asking rents for office space is around $38 per square foot. The cost of office space will vary by building quality (Class, amenities, age, location), lease length, and a variety of other factors.
Comparatively, average asking rents for Class A office space in neighboring LoDo hover around $48 per square foot. If you’re looking for office space that offers a bargain in the heart of Denver’s Central Business District, this is the neighborhood for you.
Uptown’s average asking rents are lower than the Downtown Denver averages of $42 per square foot for Class A space and $33 per square foot for Class B space. For businesses that want to prioritize access to transportation, urban amenities, and proximity to other businesses, Uptown offers an ideal solution that is also cost-effective. For start-ups and emerging companies, choosing an office or coworking space in Uptown promises access to a thriving business scene with budget-friendly rates.
What Our Brokers Say About Uptown Office Space for Rent
The five million square feet of office space in Uptown Denver is filled with employees working on innovative advertising campaigns, testing new software, revolutionizing the world of manufacturing, and more.
Within Uptown’s borders, from Downing and Park Avenue to the east, Broadway to the west, 20th Avenue to the north, and Colfax Avenue to the south, major commercial tenants in the area include: international advertising giant Ogilvy, software company P2 Energy Solutions, the Denver Business Journal, and HNTB, an engineering corporation.
Why the sudden swell of companies relocating to Denver’s Uptown neighborhood? In addition to competitive rents, Uptown has another strong pull for companies: a talented labor pool. Over the past few years, recent graduations and skilled tech hopefuls have moved into Uptown condos and new construction apartments, hoping to live affordability in the heart of Denver’s commercial core. Fortunately for millennials and tech workers, companies are recognizing the area’s steady supply of talent, and many companies opt to open up offices in the area, offering employees an ideal commute and promise of a work/life balance.
And as experts expect labor to continue to stay downtown, it’s anticipated that Uptown Denver will remain a popular choice for companies in years to come.
Getting Around Uptown Denver
Locals who live and work in Uptown Denver enjoy access to a range of transportation options. Many Uptown companies provide their commuters free or subsidized public transit passes, and for those that do, employees often use train or bus lines to commute into the city for work. Uptown commuters also enjoy premier access to Denver’s well-groomed bike paths and the city’s 85-mile trail network. Outside of winter months, many employees choose to commute by bike along the integrated path using one of Denver’s B-cycle’s stations.
Despite the variety of public transportation options, many commuters still chose to travel to Uptown by car. Surveys show that “people who live within five miles of downtown are more likely to drive than use RTD’s bus or rail service.”
Nearby neighborhoods include Capitol Hill, LoDo, Five Points, Lincoln Park, and City Park West.
Get to Know the Uptown Neighborhood
While Uptown whirs with office creativity from 9-5, don’t be surprised if you see employees lingering in the neighborhood after-hours. Off-the-clock, Uptown visitors and locals stay in the area to take advantage of the streets lined with bistros, excellent dining options, cheeky pubs, LGBT-friendly bars, and some of the best outdoor patios in the Mile High City.
Locals and visitors alike spend time along 17th Avenue, a popular area for elevated eats and trendy drinks. After work, catch locals watching televised sports at Tavern Uptown, or enjoying a sophisticated old fashioned at popular Prohibition. And for food, there are options to suit diverse tastes.
If you enjoy old-fashioned American classics, Steuben’s is a crowd favorite for comfort foods like fried chicken and mac n’ cheese. For dessert, make sure to spot at Retrograde + Frozen Matter – an undeniably trending speakeasy and ice cream joint. And for something unique, enjoy Asian cuisine and a round of ping-pong at Ace – one of the city’s most instagrammable spots.
In addition to its popular food and drink scene, Uptown offers its residents access to some of Denver’s best amenities. If you enjoy outdoor recreation, spend the evening walking or biking through City Park. And for a family outing, visit the many creatures at the Denver Zoo.
As an area with so many social options, it’s easy to see why businesses and individuals alike are happy to call Denver’s Uptown home.