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Denver, already facing a glut of office space, may soon find itself with too many apartments

The surplus will be short-lived, as developers go elsewhere for new projects

Apartment construction in Denver has surged in recent years and all that new supply could create competition that pushes rents lower. The surplus should last only two or three years due to a lack of new applications for apartments that followed Denver passing a new affordable housing ordinance, brokers said. Pictured here is One River North, which is close to completion.
Apartment construction in Denver has surged in recent years and all that new supply could create competition that pushes rents lower. The surplus should last only two or three years due to a lack of new applications for apartments that followed Denver passing a new affordable housing ordinance, brokers said. Pictured here is One River North, which is close to completion.
DENVER, CO - NOVEMBER 8:  Aldo Svaldi - Staff portraits at the Denver Post studio.  (Photo by Eric Lutzens/The Denver Post)
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Denver, like many large cities, continues to struggle with a glut of unoccupied office space. But the city may soon have to cope with a surplus of a different kind — apartments.
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