Metro Denver ranked 10th in the nation for construction activity. The area's population ranks 19th overall in the U.S. so taking the 10th spot shows a region that is punching above its weight when it comes to building new things.
Metro Denver’s construction boom wasn’t the country’s biggest in the past decade, but enough residential and commercial buildings went up to rank the region 10th out of the country’s 50 largest metro areas, according to aMetro Denver’s population ranks 19th overall in the U.S., and the 12.8% rate of population growth in the past decade ranked 14th. So taking the 10th spot shows a region that is punching above its weight when it comes to building new things.
“People from around the country continue to choose Colorado as a place to live,” said Michael Gifford, president of AGC Colorado, a trade group representing general contractors. The state demographer expects that post-pandemic, Colorado will again attract 50,000 net new migrants a year, many of them in the 25 to 34 age range that employers highly prize, he said. The new residents will need homes and apartments and the new businesses that employ them will need office and warehouse space.
“All that means we will continue to build housing and commercial services and roads/infrastructure to meet that demand,” Gifford said. The study looked at the number of single-family and multifamily construction permits, as well as the square footage added in industrial, office, retail and self-storage between 2012 and 2021. Metro Denver had 98,282 single-family home permits over the past 10 years, which ranked 13th overall, and 100,501 multifamily permits, which ranked ninth. The 18.9 million square feet of office space added ranked 15th overall, while the 56.3 million square feet of industrial space ranked 10th.
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