Downtown Colorado Springs nearly doubled its residential population in a single year and increased visitation in 2025, according to a new report from the local Downtown Partnership, which focuses on the economic vitality of the area. The shift underscores a rapid surge toward a more residential, tourism-driven city center even as office vacancies rise.
That downtown population, which grew from 2,574 in 2024 to 4,860 residents last year, took advantage of a recent swarm of apartment construction. More than 700 units opened in the downtown core in 2025, with another 1,500 still under construction. That supply led to a modest decrease in rents for those apartments of about 5%.
Colorado Springs Downtown Partnership CEO Chelsea Gondeck said her organization has been working to diversify the population of the area for years, which has helped to soften the blow felt more strongly by other cities following the pandemic…