For more than 20 years, lower downtown, or LoDo, has been slowly restored and revamped, transforming it into what it is today – one of the liveliest neighborhoods in Denver.
LoDo has an exceptional concentration of Victorian and turn-of-the-century buildings, but it is also characterized by brewpubs, coffeehouses, restaurants and the home of the Colorado Rockies -- Coors Field. It’s an excellent location for creative, tech-friendly types, with its abundance of Internet design firms, graphic design studios, art galleries and advertising agencies.
LoDo could be considered to be the fashion capital of Denver, with its 18 boutiques and shops that sell over 200 fashion lines. It's the place to be for anyone who's looking for unique clothes, accessories and style. Thanks to all of the top restaurants and gastropubs,...
If you’ve been looking for reasons to buy a home in Denver, the rapidly rising rents in the area should be all the motivation you need.
Multiple reports all agree -- rent is on the rise in Mile High City. One recent report found Denver to have the fastest rising rent rate in the nation, and another found it to have the third fastest rate growth, topped only by Portland and San Francisco. The stats are clear – rent is bad and it’s only getting worse.
The Yardi Matrix report is the latest sign that local renters should be looking to buy. Due to available home mortgage deductions and the long-term sustaining value of local homes, buying would be an attractive option even if rent wasn’t getting so ridiculous.
The word around the industry is that it is very unlikely the Fed will raise interest rates in the near future. If mortgage rates remain low, that’s even more reason to switch from renting to buying....
