2012beof-111206092256-phpapp02

4 fort collinsloveland 64 grand junction 63 greeley

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Unformatted text preview: following metropolitan areas surveyed: Colorado Springs (6.4%), Fort Collins/Loveland (6.4%), Grand Junction (6.3%), Greeley (6.7%), and Pueblo (9.6%). The rental market in the Metro Denver area continues to tighten exhibited by a 4.8% vacancy rate in Q2 2011, down from 5.5% in Q1. The Q2 vacancy rate of 4.8% is the lowest since 2000. A study by MPF Research reported that Metro Denver had the fifth-best performing apartment market in the nation in 2010 and that it was one of the first markets to begin raising rental rates. However, new supply will likely impact vacancy and rental rates. As of the third quarter 2011 Apartments Insights report, 3,611 multifamily units were under construction in Metro Denver and another 15,708 units were planned. Denver’s CBD will see the bulk of the activity, followed by Northwest Denver and Highlands Ranch/Lone Tree. Rental rates in Metro Denver posted a 2.8% yearto-date increase in the first half of 2011, according to the Denver Metro Apartment Vacancy and Rent Survey, and analysts exp...
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This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.

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