“We want to serve as a resource for landlords,” Nancy [...]
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“Rents often tend to moderate a bit during the first quarter, but this year, the rent rose to an all-time high instead,” Ron [...] “Vacancies continue to decline year over year as demand grows faster than the production of new rental product,” Ron [...] “Vacancy rates remain near 10-year lows and the vacancy rate has dropped year-over-year for the past eight quarters in a row,” Ron [...] “The metro Denver vacancy rate is near the lowest it’s been in the last decade, but it’s essentially been flat for the last three quarters,” Gordon Von [...] “As vacancy tightens we’ve started to see a few more increases in rents, however, and multifamily owners will undoubtedly now need to push rents in hopes of making up for those years of falling rents,” Gordon Von [...] “With consistent declines in vacancy, we’re starting to see some higher gross rent levels,” Gordon Von [...] “We know that vacancy rates tend to be sensitive to unemployment rates in Colorado,” Gordon Von [...] The harsh apartment climate in the Denver area is highlighted by an 11.4 percent vacancy rate in the university submarket in the City of Boulder. That is the highest vacancy rate since the fourth quarter of 2003, when it stood at 12.5 percent. And it is 58.3 percent higher than the overall apartment vacancy rate for [...] |
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