Downtown Colorado Springs is the epicenter for business in the Pikes Peak Region. Rich in amenities, Downtown offers historic architecture, locally owned restaurants and shops, cultural institutions, plentiful and convenient parking and beautiful parks connected by a vast trail system. Businesses and their employees are drawn by convenient access to Interstate 25 and Highway 24; transit; trails and bike facilities; the diversity of real estate options; a walkable environment; a robust and award-winning culinary, craft cocktail, craft coffee and microbrew scene; and surrounding cultural and active lifestyle amenities.
- Downtown is a federally designated Opportunity Zone allowing for tax deferrals on capital gains invested in businesses and property in Downtown.
- Downtown is home to a workforce of nearly 30,000 people and more than 3,000 businesses, including energy companies, start-ups, high-tech defense and cyber firms, sports industries, local and national nonprofits, financial institutions and local government.
- Downtown is composed of five primary districts, offering over 4.8 million square feet of office space and nearly 2.5 million square feet of retail in over 600 buildings. Many opportunities exist to build new office space for any size company, from corporate headquarter locations and large regional employers to smaller single tenant buildouts.
- Downtown is the epicenter of traditional business and also the epicenter of the free agent economy. Downtown boasts extensive telecommunications infrastructure and a robust fiber optic network, co-working and collaborative work spaces, and scores of coffee shops, breweries, parks and other communal spaces with wi-fi connectivity. Colorado Springs allows freelancers to live in an urban environment without the big city hassle and costs, going from “Downtown to downtime” in no time.
- Downtown has experienced a strong real estate market in recent years, with stable office and retail occupancy rates and positive absorption trends.
Since 2013, Colorado Springs’ city center has attracted more than $860 million in new investment, a 28 percent growth rate year over year. Today, catalytic developments such as the U.S. Olympic Museum and Hall of Fame, Weidner Stadium and Robson Arena are under construction or breaking ground in Downtown, driving even more interest in the market. With over 300 new residential units delivered since 2016 and more than 600 new units currently in the pipeline, Downtown is growing its residential population while attracting more than 800,000 annual visitors. As the number of visitors to Downtown continues to grow, the market is on pace to more than double the number of hotel rooms in the city’s core by 2021.