According to the latest report by apartment housing research company Axiometrics, apartment rents in Denver grew by 10 percent in the third quarter, which was the fourth-biggest jump in the U.S. In the latest three months, apartment rents in Denver have increased 3.3 percent, which is the seventhbiggest jump in the country. However, one sign that the Denver […]
Denver’s Rent Report Card
August 12, 2015 by Leave a Comment
With rent constantly on the rise, the good news is that according to a new report from Apartment List, renters are extremely satisfied with the state of Colorado, as well as with the city of Denver. Colorado ranked 4th for renter confidence, receiving high marks for city satisfaction, and Denver ranked 15th out of the […]
Rent Will Continue to Rise in 2015
February 4, 2015 by Leave a Comment
A recent Zillow report reflects the increase in rental prices in metro Denver, and found that renters paid $474 million more in 2014 for leases. Renters in the Mile High City and surrounding cities paid $4.9 billion in rent, up from $4.5 billion in 2013, a 10.8 percent increase. Denver’s rental hikes were among the […]
Apartment Vacancy Rate Dropping
November 18, 2014 by Leave a Comment
Vacancies in metro Denver in the third quarter dropped almost a full percentage point to 3.9 percent. In the second quarter, the vacancy rate was 4.7 percent. From second to third quarter, the average rent in the metro area rose to $1,145 per month, about a 2 percent increase over the previous quarter when the […]
Tips for Small Spaces
October 13, 2014 by Leave a Comment
If you’re dealing with a small-apartment or small bedroom, here is a list of clever space-saving solutions. 1. A nightstand that mounts on the wall is perfect for a small bedroom. The open space underneath the nightstand visually enlarges the space, and you can also stash things like shoes and books underneath. 2. Mounting a […]
Colorado Rent Will Continue to Rise
January 4, 2014 by 1 Comment
The apartment market was robust in the latter part of 2013, with vacancy rates hovering around 13-year lows and rents rising despite a resumption in multifamily construction. Builders delivered 5,560 new apartments in 2013, far above the 2,170 delivered in 2012. Average asking rent jumped 6.6 percent year over year, to $1,115 per month. The […]
Denver’s Hot Apartment Market
August 12, 2013 by Leave a Comment
Five main factors are fueling the hot apartment market in Denver: 1. Metro Denver’s population has been growing by about 20,000 people per year and is pushing 3 million. 2. Home ownership rates are at 61 percent, just below the national average of 63.9 percent. 3. The area has experienced a record-low level of available […]