At the April Denver meeting, there was considerable discussion over how well the Denver market will fare in the next 2 to 3 years. Members feel confident that multi-family, single-family, commercial and industrial growth in Denver and the outlying areas is stable and will remain so, but there is still some caution in getting too comfortable.
Most concerns are quelled by Denver’s diversification compared to what it was 20 to 30 years ago. Downturns would not have the same effect as it would have had at an earlier time. Multi-family and single-family residential building, as well as large amounts of restaurants cropping up, create most of the concerns. If costs continue to rise in the residential sector, it could become a problem.
Pictured above (left to right): Pictured above: Sam Zaitz, Kirsten Decker and Tom List
Recent Comments