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Denver weighs new ways to fill vacant ground-floor spaces

The push includes options such as artist-in-residence programs and reduced rent as building owners struggle to keep restaurants and other retail viable.

Reported · Written up by our desk · Commercial

Denver is exploring new approaches to activate vacant ground-floor spaces downtown, moving beyond traditional leasing to restaurants and retailers, Bisnow reports.

Bisnow notes the vacancy problem is linked in part to zoning rules that require new developments to include ground-floor retail, which is often intended for leasing by retailers and restaurants or for amenity uses like gyms and community spaces.

At Bisnow's Denver State of the Market on Sept. 24, Belay Development principal Brock Fleming said running a business, such as a restaurant, is challenging in the current market, contributing to empty ground-floor space.

The report says the strategies being discussed include amenitizing these spaces with programs such as artist-in-residence offerings and offering reduced rent.

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