Tag: Apartment Association Of Metro Denver
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Coming into a new year, apartment market shows a city-suburban rift
Coming into 2026, commercial brokers are seeing an apartment market in Denver that’s looking overbuilt, with a higher vacancy rate and falling rents. But not all investors are shunning the apartment projects coming available now. The oversupply follows a flood of new inventory to the market from projects started during the global pandemic, when those…
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Denver considers 5x harsher fines against landlords not up to code
If a residential unit in Denver doesn’t have a smoke alarm installed, Denver can currently fine the landlord up to $999 after a warning and several citations. But soon, penalties could stack up to $5,000 per day. The Department of Excise and Licenses is pushing to revise Denver’s code to create a new maximum penalty…
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Denver area rents fall, but experts see longer range housing costs rising
Experts who track rental rates around the Denver metro area are reporting that, despite ongoing concern over housing prices here, apartment rents are continuing to drop. “The reasons for higher vacancy rates and declining rents is an increase in supply. There’s no market pressure to bid up rents,” said Andrew Hamrick, senior vice president and…
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Metro Denver renters see lower prices, but for how long?
At a moment when high home prices and mortgage rates are barring many Coloradans from purchasing a house, renters are getting a little good news in the Mile High City. The average rent in metro Denver fell by 3.7% over the past year, according to a report released Thursday by the Apartment Association of Metro…
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Metro Denver area rents are the most stable in decades — but this good news might be a ‘red flag’
Rents across Denver have barely budged over 18 months, according to the Apartment Association of Metro Denver. Over the last quarter, the average rent in the metro Denver area went up $5 to $1,875, according to association data for Q1 released Tuesday. “Average rent growth in any 18-month period is generally 5.7%,” Executive Vice President…
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Denver gets tough on unlicensed landlords, as many scramble to set up required home inspections
The Denver department that licenses everything from pedal cabs and tattoo artists to liquor stores and pot dispensaries is five months into its largest-yet regulatory expansion: Seeking to license the city’s 123,000 multifamily homes and apartments. As of Monday, the city had issued $150 administrative citations to 46 apartment property owners deemed in violation of…
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Metro Denver apartment rents and vacancies flat in first quarter
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One word describes the first quarter “Vacancy & Rent Report” by the Apartment Association of Metro Denver, “flat.” As in, rents stayed basically flat from the last quarter of 2022 — rising only 0.5 percent to an $1,846 average for all unit types. Vacancies likewise remained flat, staying the exact same 5.6% level from the prior…
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Metro Denver apartment rents slide, vacancy up to finish 2022
In good news for renters, apartment prices are trending downward and vacancy is going up in the Denver metro area. Average apartment rental prices went down by $32 since the third quarter according to the Apartment Association of Metro Denver 2022 fourth quarter Vacancy and Rent Report. While rents are expected to drop this time…
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Metro Denver apartment rents fall
Renters got some good news from the Apartment Association of Metro Denver’s fourth quarter report, which shows rents went down and the vacancy rate went up. The average rent stood at $1,708.67, down 1% from the third quarter average of $1,726.36 per month. The area’s vacancy rate, meanwhile, increased from 3.8% to 4.3% last quarter,…