Front Range rents riding fast escalator up, especially in Aurora

rental2Aurora, Colorado Springs and Denver all are reporting some of the fastest rent increases in the country. Apartment List surveyed rental listings in 100 cities across the country to measure changes from October 2013 to October 2014. Of the three Colorado cities included in the survey, all made the top 10, with Aurora landing at No. 1. One-bedroom rents rose 11.5% in Aurora, and two-bedroom rents were up 10.4% the past year.
Read article – Denver Post

Denver ranks as a top ‘market to watch’ for commercial real estate

Apartments-3
Denver’s commercial real estate market ranks at #11 among 2014 “Markets to Watch” nationwide in the Emerging Trends in Real Estate report from PricewaterhouseCoopers LLP and the Urban Land Institute.  “Denver is positioned to be an above-average performer in the coming years,” the report states.  “High industrial diversity and a well-educated workforce provide numerous avenues for growth.”
Read article – Denver Business Journal

Metro Denver apartment vacancies fall to a 13-year low

apratments-1
Metro Denver apartment vacancies reached a 13-year low, falling to 4.2% during the second quarter of 2013.  As the vacancy rates moved down, the area’s average rent increased.  During the second quarter of 2013, the average rent in metro Denver rose to $1,022, increasing 4.3%, or $43, from 2012’s second-quarter average rent of $979.  Average rents for all counties were: Adams, $933; Arapahoe, $979; Boulder/Broomfield, $1,194; Denver, $1,025; Douglas, $1,242; and Jefferson, $1,003.
Read article – Denver Post

Find the best values in investment real estate in the Denver area at www.realtycolorado.com and learn more about investing in real estate at www.wealthinrealestate.com

Apartment rents in Denver metro rise to an all-time high

rental2
Apartment rents in the Denver metropolitan area have hit an all-time high, according to a recent report by the Apartment Association of Metro Denver and the Colorado Division of Housing.  As the apartment vacancy rate has continued to decline, the area’s average rent increased to the highest level recorded in any quarter.  During the first quarter of 2013, the average rent in the metro Denver area rose to $992 – an increase of 4.2% from 2012’s first quarter average rent of $952.
Read article – Denver Post

Find the best values in Denver area investment real estate: http://realtycolorado.com/

Learn about investing in real estate at: http://wealthinrealestate.com/

Denver metro home rental market has few vacancies

home3
In Q4 2012, vacancies in for-rent townhouses, single-family homes, and other small properties across metro Denver fell to 1.7%.  The metro-wide vacancy rate was down from 2011’s Q4 rate of 2.1%, and down from 2012’s third quarter rate of 2.3%.  The lowest vacancy rates were found in Jefferson and Douglas counties where the vacancy rates were 1.3% and 1.2%, respectively.  The average rent in metro Denver for single-family rentals and similar properties rose to $1,083 for the fourth quarter of 2012.
Read article – Denver Post

Owning a Rental Property Is ‘Sweet Spot’ in Market

Low mortgage rates have made buying a home more affordable and turned rentals into an attractive option for investors.  Demand for rental housing is expected to remain strong.  “In this market, at this point, it’s a sweet spot,” says Chris Princis, a senior executive at financial advisory firm Brook-Hollow Financial and owner of two rental properties in Chicago.  “You’re getting the market where it’s just starting to rebound, but still at the bottom, with what’s looking to be a great recovery.”
Read article – FoxNews.com

 

Available metro Denver apartments scarce, while rents soar

Available metro Denver apartments remain scarce, with the apartment vacancy rate in the area falling to 4.9% in the fourth quarter of 2012 compared with 5.4% in the same quarter of 2011.  It was the lowest vacancy rate reported during the fourth quarter of any year since it reached 4.7% in 2000.  Tthe average rent in metro Denver rose to $978 – increasing 4.9% or $46 from 2011’s fourth-quarter average rent of $932.
Read article – Denver Post

%d bloggers like this: