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Top of mind for the move was employee commute time, CEO said.
DENVER — Tech company Ibotta is betting long-term on Denver’s downtown core.
The digital cash-back rewards company has signed a multiyear lease for office space with an entrance on the 16th Street Mall, the company exclusively told the Denver Business Journal.
The move was motivated by plans for growth that will rely heavily on having a downtown office that is accessible from all parts of the Front Range, Ibotta CEO Bryan Leach said in an interview.
Ibotta (NYSE: IBTA) is slated to move into 85,000 square feet of office space in the 16 Market Square building, at 1400 16th St., next September. The redesigned space should accommodate more than 500 employees who commute into downtown to work three days per week, per Ibotta’s hybrid work policy, Leach said.
About 830 employees work for Ibotta nationwide. Leach intends to continue a “Denver first” hiring policy that gives first preference to candidates living in the Denver area, he said.
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