Apartment Market

Just how many people rent in Denver rather than own?
By February 24, 2017 Read More →

Just how many people rent in Denver rather than own?

Caitlin Hendee, Digital Producer / Social Engagement Manager, Denver Business Journal.  With 38.8 percent of its residents leasing, Denver-Aurora ranks 128th our of the 400 largest cities in the U.S. for people who rent rather than own. That’s according to a new report from Madison, Wisconsin-based online rental marketplace Abodo. The company analyzed data from the U.S. […]

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BusinessDen Survey: Denver apartment rent shoots up 5 percent in 2016

BusinessDen Survey: Denver apartment rent shoots up 5 percent in 2016

Denver Apartment Rent, Denver Rental Market, Multifamily Market Denver. Defying local real estate skeptics, the rent keeps marching upward. The median effective rent at one-bedroom units at 17 large apartment buildings polled by BusinessDen – from Cherry Creek and Golden Triangle up to Highlands, Union Station and RiNo – rose 4.7 percent in December 2016 […]

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Denver’s apartment rent growth continues to slow

Denver’s apartment rent growth continues to slow

The brakes are being put on Denver’s apartment rent growth as new apartments come on line. According to California property management software company Yardi Matrix, Denver’s year-over-year rent growth fell to 2 percent on a year-over-year basis in September, below the national average of 4.7 percent and well below the double-digit increases experienced in past […]

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Millennials will be renting for a lot longer
By September 25, 2016 Read More →

Millennials will be renting for a lot longer

John W. Schoen, CNBC Real Estate. Rampell: Millennials aren’t buying homes, good for them  Tuesday, 23 Aug 2016 | 4:47 PM ET | 02:24. The U.S. housing market continues to move ahead, but a generation of homebuyers is being left behind. That’s the conclusion of an analysis of homeownership by John Burns, a real estate consultant and […]

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Denver enjoys a new normal for absorption

Denver enjoys a new normal for absorption

Colorado Real Estate Journal. As construction continues for new apartments in Denver, apartment investors and developers continue to analyze apartment absorption. Many participants in the industry think there is a new normal and that averages for yearly absorption we have seen in the past are no longer applicable. As multifamily brokers, this is a topic […]

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2 Denver apartment complexes sell for $144 million

2 Denver apartment complexes sell for $144 million

Molly Armbrister, Reporter, Denver Business Journal. Two Denver apartment complexes, including one completed just last year across the street from Coors Field, have sold for a combined $144 million. Both complexes were developed by Alliance Residential, a Phoenix-based real estate company, and purchased by Simpson Housing, a local firm that last year sold a 1,206-unit apartment complex […]

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What do millennials desire above all else — and how does Denver rate?

What do millennials desire above all else — and how does Denver rate?

Caitlin Hendee, Digital Producer / Social Engagement Manager, Denver Business Journal. What do millennials desire above all else? A thriving job market, even more so than affordable rent and home prices. And Denver, which in recent years has experienced a fast-growing economy, ranks No. 8 as a “perfect city” for that and other qualities millennials crave. That’s […]

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Metro Denver average apartment rents up — but increases are cooling

Metro Denver average apartment rents up — but increases are cooling

Molly Armbrister, Reporter, Denver Business Journal.  Average apartment rents in metro Denver hit $1,315 per month in the first quarter, according to the latest report from the Apartment Association of Metro Denver. That number represents a 9 percent increase over the same quarter in 2015, when the average rent metro-wide was $1,203. From fourth-quarter 2015, the increase […]

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Amazon to hire hundreds for large metro Denver fulfillment center

Amazon to hire hundreds for large metro Denver fulfillment center

Greg Avery, Reporter, Denver Business Journal.  Amazon.com is establishing a fulfillment center that will employ hundreds at a large warehouse facility being built in Aurora near Denver International Airport, officials confirmed Monday. “We are hiring for the package sort center in Aurora. The facility will employ hundreds of associates,” said Ashley Robinson, an Amazon spokeswoman, in an […]

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Survey reveals Denver renter expectations

Survey reveals Denver renter expectations

Renting is hot! For some, it’s a lifestyle choice. For others, it’s a financial decision. Whatever the motivation, the rise of renting means the U.S. added 1.6 million new renters over the past five years. These renters, from millennials to baby boomers, are driving new development and raising the expectations of amenities and services. Some […]

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