DENVER—Denver is emerging as a technology start-up destination. That is according to a recent report from Savills Studley. And according to a recent 2015 Kauffman Foundation study, the City was No. 5 out of 10 metro areas with the highest tech startup density—coming in ahead of San Francisco.
“The State's best high-growth, high-prospect private firms in the technology, health, aerospace, energy, and natural foods and products industries,” Savills Studley says.
“Denver has also given rise to numerous start-ups that have developed out of the University of Colorado system,” the report says. “Over the last 20 years, 141 new technology businesses have been founded out of the university, with 89 companies in the biotech space alone. 80% of the start-ups are still operating, and importantly, almost 70% of the companies have remained in Colorado.”
Denver's transportation infrastructure is improving too, which should add to the area's desirability for workers, the firm says. “The region's FasTracks Program—a comprehensive transit expansion in excess of $5 billion that will ultimately result in 122 miles of new commuter rail and light rail, 18 miles of bus rapid transit, 57 new transit stations and 21,000 new parking spaces at light rail and bus stations—is already expanding commuting options for those workers who choose to live outside the city's boundary.”
Stay tuned to more on Denver as we gear up for our new RealShare Denver event there on August 11th at the Magnolia Hotel. Click here to sign up or learn more.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
