Tag: Vacancy Rates
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Metro Denver’s apartment construction boom is peaking
Over the last year, the metro Denver area saw a historic number of new apartments coming onto the market. The region had nearly 7,400 new units delivered within the second quarter of 2024 and 19,000 over 12 months, according to the Apartment Association of Metro Denver’s second quarter report released Thursday. It’s about the size…
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Metro Denver area apartment rents rise in second quarter
Apartment rents in the metro Denver area rose an average of $32 per month in the second quarter, which is fairly typical for that time of year. Average rents now stand at $1,878, a 2% increase year-over-year, according to the second quarter Vacancy & Rent report from the Apartment Association of Metro Denver released Tuesday.…
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Denver office space market still struggling
At a moment when the waning pandemic might have given hope that workers would head back to the office, new commercial real estate data shows office vacancies continue to rise in Denver. That’s for both the central business district downtown and along the southeast I-25 corridor including the Denver Tech Center, according to new quarterly…
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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…