Cranes are all over the place in Denver - but are they still building mostly luxury apartments?
Posted by West + Main Homes on
Many luxury rental buildings are now offering incentives to renters in Denver
A booming tech industry and strong job market have fueled an apartment-building frenzy in the midsize, mile-high city of Denver. Neighborhoods once filled with rundown 19th-century warehouses, modest apartment complexes and vacant lots have transformed into landscapes of glass, brick and steel, as new structures continue to climb.
Standing on the 12th-floor roof deck of the Alexan Uptown, a new 372-unit luxury apartment building, real-state agent Justin De La O counts about half a dozen cranes within a few blocks’ radius that mark where similar properties are rising.
Median rents in Denver grew to $1,184 in 2015, up from $777 in 2005—a 52% increase, according to…
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