As much as rents have risen in metro Denver this decade, the increases could have been even higher absent the second-largest surge in apartment construction of any major metro area in the country, according to a new report from Apartment List.

Metro Denver added $12 billion worth of new apartments between 2000 and 2016. That ranks 11th among the nation’s 25 largest metros in dollar terms, but second only to Seattle after adjusting for the size of the population.

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