Cranes are second nature for anyone that lives in the Denver Metro or surrounding area and while the sight of these tall machines isn’t the most pleasant, they do resemble a healthy economy. The city of Denver continues to increase, with a population growth of over 100,000 since 2010 (according to the U.S. Census Bureau estimates). Without the ability to add more land and space, developments are the next best option to keep up with the growing demand of Denver real estate. This year, new trends were introduced regarding developments and new condos – consumers want a focus on lifestyle, not just the beauty of the unit.
Perhaps Denver was a pioneer of some now popular trends, as always being a city focused on the environment. City dwellers now more than ever want to have the feel of living in a serene environment. This includes developments incorporating parks, common outdoor space, greenery and indoor spaces that welcome the outdoors. In addition, having a space to grow your own fruits and vegetables is important, not just for those with farmland. “Green” and energy efficient features are a major plus as this means less emissions for the environment and cost savings on energy bills.
The term of this increasingly popular trend to focus on health and the environment is being referred to as “wellness lifestyle real estate.” The Global Wellness Institute (GWI) defines this as “homes and buildings proactively designed and built to support the holistic health of their residents.” The rise of this focus is enormous – a GWI report from 2017 claimed that wellness lifestyle real estate globally marketed at $119 billion, growing at a quick 9% increase each year. This rapid growth means that demand for a lifestyle driven community will continue and condo/townhome shoppers are willing to pay price premiums for the full package.
The future of real estate will continue to shift as consumers’ needs change. LIV Sotheby’s International Realty is dedicated to staying up-to-date with current trends to ensure Colorado residents are able to truly LIV the Life They Love.
LIV Sotheby’s International Realty showcases a variety of new developments in the Denver area and throughout Colorado. A few examples of these developments, specifically with lifestyle driven communities are S*Park in RiNo, Bellaire 6 in Cherry Creek, BridgeCreek Townhomes at Hampden South, and Tremont Place Townhomes in Five Points. Each of these new developments feature community additions and offerings such as a vertical greenhouse and urban soil farm at S*Park, access to Whole Foods and various recreational opportunities with BridgeCreek Townhomes, being the center of a new redevelopment district with Bellaire 6, and close access to Downtown Denver with Tremont Place Townhomes.
To learn more about these and other LIV Sotheby’s International Realty developments, visit Developments.LIVSothebysRealty.com. To service all of your real estate needs visit www.LIVSothebysRealty.com or call 303.893.3200.