Denver is currently experiencing quite the residential housing boom as new buildings are put up. In the last two years construction has been at a rate double that of the previous decade. Apparently, this is all due to the recession shifting the construction focus from industrial and commercial over to residential.
As residents and visitors to the Mile High City may have noticed, there’s significant multifamily residential construction underway in the Downtown Denver area. Back in April, I observed that Denver was on the cusp of another Downtown housing boom and, indeed, there is no longer any doubt that Denver is experiencing a major multifamily housing expansion in its urban core.
Downtown Denver’s construction boom from the 2000s never really came to an end with the 2008-2010 recession; it just shifted gears. Pre-recession, Downtown Denver experienced a diverse mix of development: numerous condominium and apartment projects and various cultural, office, and hotel developments. When the recession hit, Denver had (as it usually does) a queue of civic projects ready to begin construction, which kept Downtown’s construction scene lively despite the private-sector’s woes.
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