An Analysis of Apartment Market Conditions and Trends in Metro Denver, Colorado Produced Quarterly by James Real Estate Services, Inc.
Denver is a popular apartment market for developers, lenders, investors and renters. The metro area benefits from a healthy economy, attractive natural and built environments and a welcoming attitude towards newcomers. These factors combine to generate apartment development and demand.
The amount of apartment construction underway and planned in metro Denver is extensive. Rental rates had been increasing due to strong demand, but the amount of new apartment construction coming onto the market is causing conditions to weaken. Over the long term Denver remains an attractive market for apartment investment but it is important to be cautious since 2016 may be the year when the market enters a correction phase.