Strong Fundamentals Support Denver Retail in Overcoming Increased Headwinds
Denver’s retail market is benefitting from healthy employment growth, rising incomes and fundamentally sound new developments. Employers in energy, telecom and IT are creating well-paying positions, leading to an increase in disposable income and a boost to local retailers. In 2017, retail sales soared by 6.5 percent, well above the national growth rate. A booming local housing market is also supporting the retail market. Quarterly existing single-family home sales are at peak levels, driving sales for big-ticket items and home furnishings. This year, retail sales are projected to climb more than 5 percent.
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