I think the pent-up demand and high prices of materials and labor for new construction will keep that from happening.

Lakewood and Cleveland vacancy rates are greatly compressed and there is still pent up demand. 

Denver is not unique in that our market has intense pressure on it due to lack of supply and pent up demand.

We have pent up demand sitting on the sideline.Brian

Are there a lot of homes on the market, or is there pent up demand?

As a result any pent up additional depend drives prices up - unless more homes hit the market.

Pent-up demand, increasing rents, cheap financing, lack of new build?

- Areas with a limited supply of land that combine density with pent up demand.

The main problem that all of these Manhattan style high rise condos have is that the developers appear to be under funded and unestimated the pent up demand from one to two years ago.They marketed their condos at say $500 per sf only to find out that in reality their actual costs to build were in the $800 to $900 per sf range.So they back out of most of the projects.

Whew, I think I have some pent up anger!!