News Formal

Metro Denver apartment market holds steady even with construction surge

  • 📰 denverpost
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The average rent in metro Denver rose from $1,846 in the first quarter to $1,878 in the second, an increase of $32

remained stable despite adding substantially more new units than it typically does in a quarter, according to an update Tuesday from the Apartment Association of Metro Denver.

Average rents were $1,717 a month in Adams County, $1,786 in Arapahoe; $1,980 in Boulder and Broomfield; $1,925 in Denver; $2,023 in Douglas and $1,886 in Jefferson County. The vacancy rate, a measure of the share of apartments that are unoccupied, went from 5.6% in the first quarter to 5.5% in the second. Vacancy rates ranged from a high of 6.1% in Douglas County to a low of 4.8% in Boulder and Broomfield counties.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Denver area ranks as third most competitive rental market in the WestThe Denver area ranks as the third most competitive large rental market in the West behind Salt Lake City and Tucson, Ariz., blowing past Phoenix and Las Vegas.
Source: denverpost - 🏆 13. / 72 Read more »