The Denver area is expanding with new restaurants, shops, and amenities throughout our great city.
Perhaps no area has experienced as much growth as the amazing Lower Highlands (also known as LoHi) neighborhood. Connecting Riverfront Park and the Historic Highlands neighborhood, this prime Downtown Denver condo and residential area is booming.
What was once a buyers market has transitioned into a solid and fast moving market for those who are quick to act. With a demand side that hasn’t been seen for many years informed buyers are finding that the best listings and those under $500,000 don’t stay on the market for long.
With our own New Era Realty office located in this thriving neighborhood, our agents are constantly studying and monitoring the rapid growth and general trend of this neighborhood.
As the market continues to evolve it has been noted that the positive market trend for LoHi has been expanding to follow the Platte River line. Downtown Denver, as a city, offers one the largest opportunities for waterfront and riverfront development.
Areas within walking distance to the Lower Highlands or any of the new light rail transit stations are drawing an interest for Downtown Denver condo and Downtown Denver home shoppers looking to find a value and potential developers looking to buy in areas that will be the next to grow.
Businesses are also looking to take advantage of the market growth in these areas including the new Prost Brewery going in near the I-25 exit on 20th just steps from Riverfront Park.
Within the Riverfront Park and Platte River area thousands of new rental units are expected to be delivered within the next 3 years. This influx of additional density is considered to be another driver for additional restaurants and lifestyle amenities.
As prices continue to strengthen for LoHi and other Denver loft and condo markets we are working actively with clients with the intention of buying in these growing neighborhoods while pricing opportunities are still attractive and rates remain low.
To learn more about the growing Denver LoHi neighborhood or any of the great downtown Denver lofts and condos, please contact anyone on the New Era Realty Team.