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metro area only on a quarterly basis. This month we focus on the pipeline of apartment development activity and it's
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The Real Estate Perspective
News and Analysis about the
Denver Metropolitan Real Estate Market
Prepared by Eric Karnes
Copyright © 2000--2003, James Real Estate Services, Inc
The Pipeline Empties
One of the immutable rules of economics is the law of supply and demand. Nowhere are the effects of that law more in
evidence than in the current state of the Denver apartment market. The application is quite clear; during most of the
1990s a vibrant local economy generated demand by encouraging people to move to Denver and rent apartments.
Strong demand reduced the supply of vacant apartments, causing rental rates to rise. Developers and investors, ever
opportunists in the best sense of the word, saw low vacancy rates and increasing rents and rushed to build new apart-
(Continued on page 2)
Denver Market Analysis--February 2003
James Real Estate Services, Inc.