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.
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Erin Douglas 