Market Summary:
Retail growth is powering employment increases and generating new apartment demand in Denver. As a result, apartment con- struction activity is picking up, especially in the Denver-North submarket. In fact, Denver’s construction sector, which includes both commercial and residential construction, is expanding at one of the fastest paces in the country. This activity will result in a wave of new units delivered in the market in the coming year, but the new supply is expected to be insufficient to meet market demand.