DENVER (AP) — It’s about 9:30 on a Thursday morning, and the buzz at Tea with Tae on Denver’s 16th Street Mall is comfortingly familiar. The espresso machine is going, soothing music is piping through the speakers, and there’s a clutch of people catching up on office chit-chat while they wait for their drinks.
So far, none of the participants have opted to make their temporary storefront permanent, but that’s the ultimate goal.
“When you have foot traffic coming and going from the pop-up, that increases the visibility for the lease-paying tenants next door. It also shows the viability of a space that may have sat empty for quite a long time,” she said.Landlords retain the option to replace the pop-up with a paying tenant if they can find one. If that happens, the Downtown Denver Partnership will work to find the business a new space, Wiebenson said.
It’s hard to nail down the actual storefront vacancy rate on the mall. The number is constantly changing, and some businesses might still be paying rent even if they’re not open, making it a squishy calculation. According to the Downtown Denver Partnership, roughly a quarter of storefronts in the Upper Downtown area — which includes the mall — were what the group calls inactive when they started outreach on the PopUp program last year.
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