Downtown Colorado Springs is capturing the nation’s eye as a top urban area in a growing mid-size city that consistently ranks among the leading markets for high growth real estate investment. We are on the move, attracting new residents, businesses and development investment. Downtown Colorado Springs has experienced an unprecedented $1.7 billion in completed, in-process or announced public and private investment in our built environment since 2013. Retail vacancy rates have plummeted, office space is garnering healthy gains in rents per square foot, and pipeline projects are surging. As the heart of Olympic City USA, Downtown Colorado Springs is uniquely positioned to provide an urban environment unlike anywhere else in the country: a superior business climate where Downtown meets down time in no time.
Total Investment: $1,719,048,735
Download a printable project map here.
Whether your interest is living near where you work, or simply integrating the amenities found in Downtown Colorado Springs into your daily environment, Downtown has a diverse and attractive mix of residential options. Today, Downtown remains a rapidly growing neighborhood with an active pipeline of more than 3,000 new residential units completed, announced, or under construction since 2016. More than 16,000 people currently reside in the 80903 zip code encompassing downtown, and more than 225,000 live within a 5 mile radius of downtown. While the premium for Downtown rents reflect a strong local interest in urban living, average downtown rents remain relatively affordable compared to comparable urban markets. For more information on living downtown, including where the closest daily amenities are located, visit our companion website.
Downtown is Colorado Springs’ center of business and commerce, and serves as an attractive place for professionals to start their small business, grow their corporate presence, or build their startup from the ground up. With the strongest office market segment in the city, representing 22% of the city’s base of Class A office space and 12% of the overall office landscape, those seeking office space are bound to find an environment that suits their needs. From individual desks and small offices in shared work spaces, to full floorplate’s and class A amenities, Downtown’s varied office environment is representative of the diversity of businesses. Downtown is home to a daytime population of over 27,000 people, many of whom work in professional services and are of higher than area median incomes.
Downtown Colorado Springs is uniquely positioned nationwide as urban center directly connected to the great outdoors. Here you can leave your Class A office space at noon, experience world-class mountain biking and fat-tire riding just outside your door, and be back at work at the end of your lunch hour. Downtown has five urban parks of nearly 200 acres, hosts weekly runs and bike rides such as the Jack Quinn’s fun run, and is just 15 minutes from the renowned Manitou Incline, which many will scale in the morning before heading to the office. Virtually no other city in the country can offer that.
If boutique shopping or a little pampering is more your style, just head to one of many locally owned Downtown shops, galleries or salons. Want to grab coffee with a friend? Colorado Springs has been ranked a top city for coffee culture, and is also home to over 110 restaurants, bars and microbreweries. In summer months, check out farmers and outdoor markets with local fare. In 2020, Downtown Colorado Springs celebrated the opening of the renowned U.S. Olympic & Paralympic Museum & Hall of Fame. In 2021, Downtown Colorado Springs will celebrate the opening of Weidner Field, the new home of the Colorado Springs Switchbacks professional soccer team and Ed Robson Arena, the new home of Division 1 Colorado College men’s hockey program.
Whether you seek night life or trail life, it’s all accessible from Downtown. Find more information on Downtown amenities on our companion website.