Reinventing Denver

This multifamily market's potential is mile-high.

10 MIN READ
MILE-HIGH MOMENTUM: Denver's multifamily market is improving in tandem with its economic and cultural growth.

MILE-HIGH MOMENTUM: Denver's multifamily market is improving in tandem with its economic and cultural growth.

MFE DOZEN: Asheville, N.C. (January) Southern charm wins big

Chicago (February) Good news for the Windy City

Atlanta (March) Peachy deals crop up

Denver (April) Multifamily goes mile-high

Washington, D.C. (May) Capital efforts pay off

San Jose (June) Golden opportunities abound

Minneapolis (July) New constructions in the Twin Cities

New Orleans (August) The Big Easy rebuilds

Providence (September) Promising developments in the Northeast

Dallas (October) Herding up new projects

Indianapolis (November) The heartland keeps ticking

Manhattan (December) The market that never sleeps

FAST FACTS Considering Denver?

Here’s what you need to know:

  • Population: 2.7 million
  • Occupancy: 94.2% (December 2006)
  • Median Age: 33.6 years
  • Median Household Income: $45,658
  • Average Rent: $779 (December 2006)
  • Unemployment: 4% (December 2006) NOTABLE: Denver will host the 2008 Democratic National Convention. The Mile-High City actually is a mile high—measured from the 15th step on the west side of the State Capitol Building, Denver has an elevation of 5,280 feet above sea level. Denver is also where the first flakes of gold were discovered in Colorado‘s Gold Rush of 1858-59. Miners soon erected the city’s first permanent structure: a saloon.

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