Snapshots

Will Denver’s explosive population growth (and growth in the work force) continue into 2019?

December 28, 2018
Will Denver’s explosive population growth (and growth in the work force) continue into 2019?
  • The millennial population has been growing at a substantial rate each year in Denver since 2006. Even as overall population gains begin to slow, millennials still account for an outsized proportion of that growth. This will be a continuing trend in 2019, as major, millennial-focused companies like VF Corporation make strategic moves to the Denver area. This is especially important as the U.S. labor market is expected to remain tight for the foreseeable future.
  • More people in the area=more goods needed=more industrial space needed. So, while the resulting traffic may create more headaches for residents, the news is good for the industrial market.

 

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