Grill of the city
Graham Coddington
Vice President
Saunders
Coddington predicts that Denver’s construction market will continue to stabilize in 2024. “Rate increases in recent years slowed down the private market and allowed the overall market to relax from the pace of change of the previous period,” he says At the same time, Coddington notes that the public market “has opportunities and companies with diverse work programs will be able to focus on that side of the market.”
The executive maintains that “the economic strength of the Denver area is the number of public projects funded; P3 projects that attract external capital to the market; and some high-quality privately funded projects that will continue to move forward.”
Coddington says examples include student housing, science and research, and health education facilities for Colorado’s systems of higher education, as well as large entertainment and hospitality P3s for National Western Center and Larimer County.
“Weaknesses in the market include a lack of multi-family and single-family construction for contractors and an inability to provide more housing to the region,” he says.
