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Denver Draws Rich Financiers With $12 Million Lofts, $175 Sushi Menus

Colorado’s capital has transformed from a city in decline into a magnet for the affluent.

The skyline in Denver, where the housing market remains more competitive than other pandemic boomtowns like Austin and Boise, Idaho.

The skyline in Denver, where the housing market remains more competitive than other pandemic boomtowns like Austin and Boise, Idaho.

Source: Shelly Vincent, eXp Realty

Statistically speaking, Denver’s economy is on fire. Unemployment has more than halved in the past year, GDP is expected to grow 73% faster in 2022 than the national figure and inflation — even more so than in the rest of the country — is on a tear.

And then there are the intangibles: well-heeled crowds waltzing through the ritzy Cherry Creek shopping district, impossible-to-get reservations at freshly anointed hotspots and queues of gleaming SUVs clogging Interstate 70 en route to the mountains for weekend jaunts.