Over 10,000 Acres of Vacant Land Available for Development in Denver
Urban prosperity is closely related to the fundamental issue of unused or underutilized land distribution in cities, which ultimately has the potential to bring in opportunities for economic growth and sustain housing needs.
With that in mind, CommercialCafe just published a city-wide analysis of vacant land availability and construction activity throughout 20 of the most populous urban centers in the U.S. Additionally, they provided a 10-year overview of industrial, office and residential construction activity at the city level.
Here are a few highlights:
- Denver rounds out the top ten, with 8,390 parcels of vacant land totaling 17,962 acres – just ahead of New York City (17, 393 acres).
- In Denver, the average lot size of undeveloped land is 2.14 acres.
- Since 2012, the city added more than 20 million square feet of new office and industrial space to its inventory.
- Overall, there are 516,980 acres of land currently scattered across the 20 most populous cities in the U.S., still awaiting development. The average vacant lot size among the 20 most populous US cities is 1. 22 acres.