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.
- Spring '13
- The Lottery