Denver is an 18-hour city according to this new commercial real estate report

“We’re not New York and we don’t want to be,” the Tale of Two Cities report states.

Dining on Tag's patio after dark under Larimer Square's iconic light strings. (Kevin J. Beaty/Denverite)

larimer square; dining; food; restaurants; patio; entertainment; nightlife; denver; denverite; colorado; kevinjbeaty
Dining on Tag's patio after dark under Larimer Square's iconic light strings. (Kevin J. Beaty/Denverite) larimer square; dining; food; restaurants; patio; entertainment; nightlife; denver; denverite; colorado; kevinjbeaty
Dining on Tag’s patio after dark under Larimer Square’s iconic light strings. (Kevin J. Beaty/Denverite)

Denver was recently dubbed an “18-hour city” in a new report from the commercial real estate firm JLL.

The city basically holds the shopping opportunities, art spaces and sporting venues to keep residents entertained for up to 18 hours of their day. But unlike in New York or Los Angeles, there comes a time in the city when your best option is going to bed.

“We’re not New York, and we don’t want to be,” the Tale of Two Cities report states.

“Eighteen-hour cities are second tier real estate markets that boast above average urban population gains while offering lower costs of living and business compared to their first tier counterparts.”

Several commercial real estate reports are claiming now is the time to invest in “second tier” cities that are smaller than New York, Los Angeles, Chicago and Dallas.

Denver has been called a good spot for restaurant openings and technology expansions within just the last month.

But that’s not to say the city isn’t without its challenges for workers and companies. Commute times are longer and residents’ spending is lower than the U.S. averages, according to the report JLL released last week.

“Although softening in the (commercial real estate) market is on the horizon, continued positive net migration, decline in construction and low (loan) interest rates will allow Denver to remain highly desirable market,” the report states.

Business & data reporter Adrian D. Garcia can be reached via email at agarcia@denverite.com or twitter.com/adriandgarcia.

Subscribe to Denverite’s newsletter here bit.ly/DailyDenverite.

Adrian D. Garcia

Author: Adrian D. Garcia

Adrian D. Garcia is on business and trends for Denverite, serves as treasurer for the Colorado chapter of the Society of Professional Journalists and on the board of the Denver Press Club. He can be reached at agarcia@denverite.com.