Earlier today I posted a blog that showed the overall Colorado vacancy rate at the end of 2009 was 7.9 percent from 8 percent at the end of 2008, and the average and median rents were down slightly during the same time period.
“Statistically it is unchanged from a year ago, although two years ago the [...]
“Many owners who are trying to cover the increasing costs of apartment ownership will continue to raise rents where they can. But this carries the risk of increasing costly turnover, so it’s a balancing act,” Ryan [...]
Statewide, the vacancy rate for Colorado apartments in the second quarter rose to 9.1 percent from 6.7 percent in the second quarter of 2008.
That is a 35.8 percent jump.
Colorado Springs was the lone area in the state to show a decrease; every other area increased, according to the according to the report released today [...]