“I’ve been in this business for almost 36 years, and in the last few years, we’ve seen the highest vacancy rates we’ve ever witnessed,” said Becky Gamble, CEO of commercial real estate firm Dean Callan & Co., speaking at the Downtown Boulder Partnership’s Town Hall on April 22.
Today, nearly 29% of downtown office space sits empty as efforts to bring workers back face headwinds. In response, city leaders, business owners and community members are working together to reimagine the future of downtown.
To turn things around, they’ll also need to contend with high property and housing costs, shifting industry dynamics, remote work normalization and economic uncertainty at the national level.
Workers can’t live in Boulder
The topic of Boulder’s affordability crisis is covered a lot, but that’s because it’s one of Boulder’s biggest issues. When the median housing price exceeds $1 million, like it does in Boulder, people can’t afford to live here…