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.