multifamily development denver

If you specialize in real estate development in Denver, it is likely you’re aware that land for multifamily projects is rapidly shrinking. Despite this fact, the interest of multifamily development in the metro area is expanding.

The parcels of land still available are exceptionally high in cost; however, that doesn’t mean that there’s not money to be made.

In fact, if you are an investor in Denver or the surrounding areas, consider purchasing these parcels and developing multifamily rental units on them.

What Areas Should I Focus On?

Ideally, you will want to place your focus on Denver, RiNo, Highland, South Broadway, the Santa Fe corridor, and points that are close to these focal points. While Denver is considered to be the “bull’s eye” for multifamily development, since the end of the recession, this type of development has been growing from Denver, out in very concentric rings.

According to Cary Bruteig at the Apartment Appraisers & Consultants office, multifamily development has been spreading out quickly past the metro area. Additionally, the investing experts are becoming increasingly creative when it comes to multifamily development. For example, many have their eye on former restaurants, several older buildings, and even unused retail centers.

Multifamily developers constantly have their eye out for buildings – regardless of type – that may be transformed into multifamily apartment buildings. If you are interested in this type of venture, keep your eye on any structure that you may transform into a multifamily unit. In doing so, you are opening yourself up for the opportunity of a lifetime. This is especially true if you don’t want to invest in the highly-priced parcels of land that are currently for sale.

How Is Denver Growing?

According to statistics, at least 80 people a day are moving into Denver. As a result, the demand for multifamily units is at its highest. This demand is going to continue to increase as the jobs continue to develop in the area.

In one year, it has been estimated that a whopping 40,000 jobs a day are created. Most of these positions are paying very high. In addition to multifamily development, many developers are specializing in office space.

If you are a professional that is willing to focus on both multifamily development and office space development, you will find that your profit margin expectation is sure to be off the charts! Yes, parcel costs, construction costs, and other costs are very high right now, but, the profit possibilities far exceed the expenses. Multifamily development IS the way to go! If you include office space development, you are sure to experience profits much higher than you imagined!

If you develop property in the Denver Area and need a Property Management Company, Call us Today at

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