Tag: Apartments
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Denver metro apartment rents fell in 2025, concessions soared
As more new apartments have hit the market, rents have fallen across the metro Denver area. The average rent fell nearly 5% in the last year to about $1,750, according to a fourth-quarter report from the Apartment Association of Metro Denver. It’s the lowest rent recorded since 2022. Rent prices around the region began to…
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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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Aurora Mayor Mike Coffman admits Venezuelan gangs infiltrated apartment complexes in city
Aurora Mayor Mike Coffman acknowledged on Thursday that Venezuelan gangs have taken control of several apartment complexes in the northern part of the city in what he called “a nightmare situation.” He also admitted that the city “lost control” of the gang infiltration “and we’re working aggressively to get it back.” But he pushed back…
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Apartment building owners sue Colorado over large building energy mandate
Apartments owners have filed a lawsuit in Denver District Court to stop Colorado’s mandate to reduce energy consumption for large buildings. The owners, along with a trade organization representing more than 3,600 members who own and manage more than 350,000 apartments, argue that the Colorado Air Pollution Control Division delayed release of the proposed “Building Benchmarking…
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Denver fines San Francisco man $999 for failing to get rental property license
Denver this week issued the first $999 fine to a San Francisco man who owns a property in the city for failing to obtain a rental license. The city’s licensing department first issued a notice of violation on Feb. 24 to Jonathan Schwartz, who lives in San Francisco and owns a rental property at 3401 N…
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Denver issues first $500 citations for unlicensed residential rental properties
Denver Excise and Licenses department says more $500 fines likely coming soon
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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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Proposed rule mandating large building electrification violates federal and state laws, says critics
A proposed statewide energy efficiency regulation that critics say could force large building owners to upgrade their heating and cooling systems could cost them as much as $3.1 billion by 2030, according to the Colorado Department of Health and Environment. The proposed rule is being challenged by two apartment associations representing more than 350,000 apartments…
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Denver defends regulations on electrification of gas heating and cooling in commercial buildings
Denver officials Tuesday defended the city’s phase-out of natural gas heating and cooling systems and its electrification goals for commercial buildings in response to a Denver Gazette story. The city’s 2021 Energize Denver Renewable Heating and Cooling Plan attributes 11.76% of Denver’s emissions from natural gas use to commercial buildings. Combined, commercial and residential use…
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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…