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 […]
Nationally, Denver’s Rising Rent is Moderate
June 16, 2015 by Leave a Comment
For some, Denver’s continuously rising rent increases are a problem, while others view it as a sign of a desirable place to live and work. According to the latest data from the Apartment Association of Metro Denver, median rents in the Denver metro area increased by 13 percent year-over-year in the first quarter, and average rents […]
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 […]
What’s Up With LoDo?
November 12, 2014 by Leave a Comment
A new report affirms just how much people want to be in LoDo by demonstrating how much more they’ll pay. Average rents for Class A office space in LoDo were around $40 per square foot for a full-service lease in the second quarter, compared with around $33 per square foot for office properties in all […]
Doubled-Up Households
November 5, 2014 by Leave a Comment
According to a new Zillow analysis, an increasing number of American adults are moving in together to share expenses as rental rates continue to outpace income. As of 2012, 32 percent of adults live in doubled-up households (homes where two or more working-aged adults live together but aren’t married or partners). The share of doubled-up […]
Buying Investment Property
October 23, 2014 by Leave a Comment
With historically high rents being collected and expected to rise, we have several clients who have asked us to help them with purchasing investment properties. One client is interested in purchasing duplexes and triplexes, another only wants single-family homes, and yet another only wants town homes and condos. Some investors are open to any type […]
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 […]