Higher-Paying Job Creation Lowers Post-Pandemic Hurdles; Transaction Activity Reflects Positive Outlook

Key Features:

• Catalysts like strong pre-pandemic employment growth and net migration bode well for future growth.

• Below-average unemployment allowed for hiring rebound.

• Supply additions test demand in core submarkets.

• Deal flow shows signs of improvement in several sectors, especially in apartment and industrial assets

• Inflow of rentals tests demand for luxury units in Denver’s core.

• Investor focus turns to Class C sectors.