One of the usual effects of a building boom is higher construction costs. So far, local developers have coped. But can the coping continue? Find out at our Future of Downtown Denver event Sept. 21.
McWhinney SVP Mark Witkiewicz, who will be a speaker, tells us although Denver is a great market, construction costs still remain an issue. “We’re facing a problem of supply-demand with subcontractors, and general contractors need to come up with a solution to meet the low supply and high demand. Today we’re working through the challenges, but in the future, if they persist at this capacity, we won’t be able to keep up and meet the demands facing the market.”
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