The surge in apartment construction in metro Denver is creating shortages of a different kind — workers to lease and maintain all the new developments.
“With about 25,000 units under construction, we are estimating that 600 jobs will be available,” said Christopher Dean, a spokesman with the Apartment Association of Metro Denver.
With the local unemployment rate at its lowest since the dot-com boom days, finding help has gotten much tougher. Experienced workers jump from new development to even shinier new development, and that is forcing their employers to get more creative in how they recruit.
“Instead of focusing on people who have industry experience, we are saying for these entry-level positions, let’s start getting outside of our industry,” said Allison Moledo, vice president of talent and development at Cardinal Group Management in Denver.
About 7,800 people work onsite at apartment communities throughout the metro area, with another 1,200 working off-site in management and investment companies, Dean said.
On the leasing side, entry-level wages in metro Denver start at about $28,000 and average closer to $41,000, Dean said. Commissions and incentives can boost that by another $1,000 a month. On the maintenance side, starting wages run about $31,200, with the average wage closer to $38,000.
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