Tag: Apartment Association Of Metro Denver
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LinkedIn cofounder, former DaVita CEO pour money into Denver mayor’s race
Kelly Brough maintains a fundraising edge, but Mike Johnston is not far behind, having benefitted from nearly $900,000 in outside support.
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Denver’s ‘affordable’ units ordinance, building permits delays drive frustrations, costs
Developers who plan to erect apartments in Denver must add a year to that process to account for a bureaucratic step — a delay in building permitting they say is costing them money and exacerbating the city’s housing woes. On top of that, they also fear that an ordinance requiring builders to set aside certain units…
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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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Rising mortgages keeping metro Denver apartment vacancy rates low
Fast-rising mortgage rates might be denting the record home prices that Denver sellers enjoyed last spring, but they’re only serving to reinforce the low-vacancy apartment market, according to developers and recent rental data. “You’ve seen some (home) prices start to decline as new homes and resales are taking longer to sell, but that’s actually helping…
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Denver renters feeling the pinch as rents continue upward
The bad news for metro Denver area renters continued in the first quarter, as average rents increased both from the fourth quarter of last year and year-over-year, with vacancy rates remaining at historic lows, according to the Denver Metro Area Apartment Vacancy and Rent Survey released Friday. Landlords, on the other hand, couldn’t be happier.…
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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,…
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Seattle-based apartment investor breaks into metro Denver market
After five years of trying, Seattle-based real estate investment firm Thayer Manca finally broke into the metro Denver market with the purchase of the 319-unit Highland Point Apartments, 16894 E. Arkansas Ave., Aurora. “We’ve been a bridesmaid, but never a bride until now. The pricing has just gone nuts,” said Principal Joe Manca in an…