Denver, Colorado. It’s true what they say – it’s the mile-high city, and it’s growing! Denver’s population grew by 35,000 residents in 2018, reaching 2.9 million people, making Denver the 19th largest metro in the country.
And that’s not all that’s growing. Denver’s economy added 28,000 new jobs in 2018, including 1300 jobs in construction. Unsurprisingly, their unemployment rate is also low at 3.7%.
Speaking of the Denver construction economy, total building construction hit $9.5 billion in 2018, up 19% from 2017, and making Denver construction the 14th largest metro area for building activity.
Denver Airport Construction
Residential building was up 10% in 2018, and nonresidential building was up a whopping 32%! Why such a jump? Well two big factors were the $2 billion Denver International Airport renovation and upgrade and the $200 million Market Station mixed use development.
So if you like being outdoors, breathing clean air, spectacular rocky mountain views, and a great construction economy, we’ve just answered two questions for you. How do you get there? You can fly into the upgraded Denver International Airport. Where can you live? You can grab a coffee and then head on up to your new apartment at Market Station. You’re welcome…and welcome to Denver.