Every two years, Radian collects data from nonprofits and community-serving organizations regarding displacement pressures and their real estate needs in Denver. New research suggests that nonprofit space needs are changing drastically as a result of COVID-19, which is why your input is critical now more than ever.
Phase 2 of Radian’s Nonprofit Real Estate Survey is now live, and includes additional questions about the displacement pressures heightened by this unprecedented pandemic.
Below is a snapshot of the survey results so far:
- 48% of nonprofits consider their current location as currently gentrifying or at-risk of gentrifying.
- 22% of organizations believe their office space is at risk of displacement (pre-COVID).
- 48% of organizations consider renting or buying property their greatest barrier to maintaining a physical location.
- 40% of organizations expect to need more office space in the next two years (pre-COVID).
- The majority of organizations would like to share office space with other nonprofits.
- 60% of organizations consider their current location is ideal for serving their organizations’ mission.
- The top geographic areas of focus thus far include: the City & County of Denver, City of Aurora, East Colfax Neighborhood, Elyria-Swansea Neighborhood, Globeville Neighborhood & Montbello Neighborhood.
Major space decisions and financial resources are shifting every day. The results of this survey will be used to make data-driven funding recommendations to the City of Denver and advocate for more affordable nonprofit real estate spaces.
Please reach out to communityspaces@radianinc.org with any questions you may have. We appreciate your support!
