Snapshot of new construction housing units tied to Denver Permit applications. Drop attributed to legislation like re-energize Denver and new models of rent control. Add in rising interest rates and there is no room for any ROI on deals in the city with these policies.
"If we disincentivize development of apartments in the most prolific county in the metro area, there will be significantly fewer units delivered after the current under construction pipeline is completed." Read more: https://ow.ly/tzxk50QtiVz