Denver at Risk of Oversupply of Multifamily Properties in Coming Years
A new report by Yardi® Matrix indicates that multifamily deliveries might outpace demand in some key U.S. housing markets, including Denver.
Yardi Matrix conducted a study to determine which areas might be at risk of oversupply or undersupply over the next five years. The research revealed that deliveries in 2016 and 2017 helped compensate for the construction shortage in the wake of the Great Recession.
“Most of the metros that are at short-term risk of oversupply have strong economies and healthy multifamily demand, so units coming online should be absorbed by growing populations,” the report concludes.
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