Apartment vacancies fall

The Denver Post
POSTED: 11/17/2011 01:00:00 AM MST

Colorado’s apartment-vacancy rate has reached its lowest level since 2001, the Colorado Division of Real Estate reported today.

The statewide apartment-vacancy rate, not including Denver, averaged 5 percent in the third quarter, down from 5.5 percent a year earlier and from 5.2 percent in the second quarter.

Metro Denver’s vacancy rate, measured in an earlier survey, fell from 5.3 percent to 4.9 percent.

The statewide average apartment rent rose 3.1 percent, from $871 a year ago to $898 in the third quarter.

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About dherries
Dave and Sally Herries and The RealtyColorado Team - Real Estate Broker serving the metro-Denver area. Offering properties in urban, sub-urban and rural areas. Our mission statement is "Enriching lives through real estate."

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