Rents soar as number of Colorado apartment vacancies decline

The combined vacancy rate for apartments in six metro areas across Colorado was 4.9% during the second quarter of 2012 – the lowest level recorded since 2001.  The statewide average rent in Colorado increased 7.4% from a year ago to an all-time high of $942.  The metro Denver average, measured earlier, was $952 during the second quarter.  The vacancy rate for the metro area during 2012’s second quarter was 4.8%.
Read article – Denver Post

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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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