An Analysis of Apartment Market Conditions and Trends in Metro Denver, Colorado Produced Quarterly by James Real Estate Services, Inc.
Denver remains a popular apartment market for developers, lenders, investors and renters. The metro area benefits from a vibrant economy, attractive natural and built environments and a welcoming attitude towards newcomers. These factors combine to generate apartment development, investment and demand.
Developers continue to build and plan new apartments in metro Denver and no slowdown in construction activity is yet evident. Rental rates were increasing due to strong demand, but the amount of new apartment construction coming onto the market is causing conditions to soften. More incentives and specials are being offered, especially in newly completed projects and in the upper rental rate range.