denver rentals: Higher Rental Rates Are Good News for Denver Investment Property Owners
- 05/09/12 08:37 AM
The numbers bear it out. People really do want to live in Denver over other places in the country. Nothing shows this more clearly than the increased demand for rental units, the large uptick in rental charges, and the plunging apartment vacancy rate in the Denver area.
A report from the Apartment Association of Metro Denver and the Colorado Division of Housing says the average rent for a metro Denver apartment had a 4.5 percent year-over-year increase from Q1 2011 to Q1 2012, the largest jump for any quarter since 2002. In dollars, this equates to average rents growing … (0 comments)
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The numbers bear it out. People really do want to live in Denver over other places in the country. Nothing shows this more clearly than the increased demand for rental units, the large uptick in rental charges, and the plunging apartment vacancy rate in the Denver area.
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