"However, the big news is a recovery in expected absorption, from a mere 0.5% a quarter earlier to 2.6%, notably above the national norm of 1.5%," Moody's says.
In addition, employment growth is expected to rebound next year in Denver.
"Given the sluggish performance last year and this (year) in the local economy, the bounce in absorption for the next year is thus coming off a somewhat depressed base," according to Moody's.
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