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construction is expected to increase only moderately in 2012. Multifamily permits should total
about 4,000 units, with nearly all of the activity
in apartment construction. A large share of the
development is expected to occur in the Denver
area, particularly in the central submarkets where
demand is strongest.
Construction of luxury apartment and condominium units remains limited, and with an increase
in production of subsidized units, as well as a
lack of building activity in high-cost areas such as
mountain resorts, the value per unit of multifamily
housing declined in 2011, to about $100,000. The
average value per unit is expected to increase in
2012, to approximately $110,000. With continued
growth in multifamily permitting activity, the total
value of multifamily construction should climb to
around $440 million. 32 essentially unchanged, at $3.2 billion. Several large
projects that would add to this activity are beyond
our forecast horizon. These include the ConocoPhillips campus in Louisvill...
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This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.
- Spring '13
- The Lottery