Today the Denver Business Journal released a list from a study done by Arizona State University on recent job growth in the nation. It comes as no surprise that Denver ranked #6 in the nation for job growth.
The top 10 cities nationwide for recent job growth:
- Orlando, FL. – up 3.7 percent.
- Houston, TX – up 3.5 percent.
- Dallas, TX – up 3.4 percent.
- Miami, FL – up 3 percent.
- Portland, OR. – up 2.9 percent.
- Denver, CO – up 2.8 percent.
- Riverside, CA – up 2.8 percent (tie).
- Seattle, WA – up 2.6 percent.
- San Francisco, CA – up 2.6 percent (tie).
- San Diego, CA – up 2.4 percent.
This list can also be found here on the Denver Business Journal website: http://www.bizjournals.com/denver/morning_call/2014/10/colorado-denver-both-ranked-in-top-10-for-job.html
With the recent increase of job growth, companies have been filling much of the Denver metro office space. The trend of availability going down and rental rates going up isn’t anything new to Denver, which has been growing steadily since 2012, but with Downtown Denver reaching a record high of $30 psf for office space, it may be time for companies to renew any soon to expire leases, to avoid dramatic increases in future rent.