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Industry Blog

Denver apartment rent update

Scott Lukes - Saturday, April 28, 2018

According to the Post:  Metro Denver absorbed 11,821 new apartments last year, up from 11,056 in 2016. That represents the most in records going back to 1981, although the 1970s had years with more robust construction.  For the second quarter in a row, both the average and median rent for an apartment in metro Denver fell, while vacancy rates shot up 6.4 percent from 5.4 percent in the third quarter and 5 percent in the second. The average rent dropped to $1,396 at the end of December versus $1,420 at the end of September, while the median rent fell to $1,353 from $1,370.

More Info:
https://www.denverpost.com/2018/01/19/metro-denver-apartment-rents-fall/ 

 


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