Downtown Denver’s swelling pipeline of new apartments has many speculating that the market is being overbuilt. We disagree—read on to find out why.
- We investigate a common metric for measuring the balance between apartment supply and demand: the ratio of jobs to apartment units.
- We demonstrate that Denver’s downtown is not at risk of being overbuilt—and in fact, we need more.
- Looking ahead, under a relatively conservative employment growth outlook, all this new supply won’t bring balance to Denver’s downtown apartment market until 2020 (or later).