3. Downtown Denver
Developers opened enough new apartments in downtown Denver over the year that ended in the second quarter 2018 to make it the third busiest neighborhood in the country for new construction, according to Marcus & Millichap, which counted 3,447 units in the downtown, Highlands and Lincoln Park neighborhood.
Reis also counted 995 new apartments in the main downtown area. That’s a 23.6 percent increase in local inventory, which makes the neighborhood the fourth busiest in the country for new apartment development, according to Reis.
Developers will be busy in central Denver for years to come, with 4,047 new apartments in some stage of the construction process. That’s an 11.5 percent increase to the inventory in the Five Points, Capitol Hill and Cherry Creek area as measured by RealPage, a provider of property management software and services.