Denver’s apartment-building frenzy nears end – slowdown predicted in 2018

The Denver area’s apartment building frenzy will slow next year as demand for new high-end developments wanes and financing for new projects gets tighter, say economists and industry leaders.

As renters’ pocketbooks respond to rising prices and banks look to other investment projects, multifamily-unit construction will slow in the Denver-Boulder area, according to a midyear economic update in the University of Colorado’s Colorado Business Review.

Fewer units are planned for construction than are currently in production, the report states, predicting that a slowdown could begin early next summer.

Read the full story at denverpost.com

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s