Why Live in Central Business District
The Central Business District, often called Downtown, is the lively heart of Denver, Colorado, blending high-rise office buildings with a diverse restaurant scene and rich arts culture. The neighborhood is a hub for shopping and dining, with unique shops and eateries on the lower levels of many office buildings. The 16th Street Mall, a pedestrian promenade, features a variety of restaurants like Kealoha’s BBQ and West of Surrender, along with numerous patios and rooftop bars offering views of Downtown and the mountains. Cultural attractions include the Denver Performing Arts Complex, Sculpture Park, and the Colorado Convention Center, which hosts over 400 events annually. Museums such as the American Museum of Western Art and the Museum of Illusions add to the local things to do. Civic Center Park, just south of the district, is a popular spot for festivals and community events, while Union Station, a mile north, hosts the Urban Market on weekends. Housing in the Central Business District mainly consists of condominiums, ranging from contemporary high-rises like Spire Condos to historic buildings like the Denver Dry Goods Company. The neighborhood is highly walkable and well-served by public transit, with multiple RTD light rail stations and bus stops. While the area has a higher density of commercial buildings and foot traffic, many residential buildings have security measures in place.
Home Trends in Central Business District, CO
On average, homes in Central Business District, Denver sell after 87 days on the market compared to the national average of 51 days. The median sale price for homes in Central Business District, Denver over the last 12 months is $435,000, up 13% from the median home sale price over the previous 12 months.
Median Sale Price
$435,000
Median Single Family Sale Price
$529,500
Median Townhouse Sale Price
$325,000
Median 2 Bedroom Sale Price
$712,500
Median 1 Bedroom Sale Price
$352,500
Average Price Per Sq Ft
$542
Number of Homes for Sale
79
Last 12 months Home Sales
65
Median List Price
$452,500
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
13%