proposing graph showing five year supply vs rental apartments in Downtown Denver, what do you think some of the implications for building a building in 2022 will be? Would you recommend they continue to plan on delivering in 2022? Why/why not? 3,000 2,000 1,000 2020 2021 2022 2023 2024 -- Downtown Demand (Apartment Units) (Based on Household Growth) I Apartment Units in Lease Up I Future Downtown Denver Deliveries (Apartment Units) lanned Delivery Volume (Apartment Units)
proposing graph showing five year supply vs rental apartments in Downtown Denver, what do you think some of the implications for building a building in 2022 will be? Would you recommend they continue to plan on delivering in 2022? Why/why not? 3,000 2,000 1,000 2020 2021 2022 2023 2024 -- Downtown Demand (Apartment Units) (Based on Household Growth) I Apartment Units in Lease Up I Future Downtown Denver Deliveries (Apartment Units) lanned Delivery Volume (Apartment Units)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Our client is proposing to build a 300 unit apartment building in Downtown Denver which will deliver in 2022. Given the following graph showing five year supply vs demand for rental apartments in Downtown Denver, what do you think some of the implications for building a building in 2022 will be? Would you recommend they continue to plan on delivering in 2022? Why/why not?
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