The average rent across the Denver metro area is $1,371 – an all-time high – according to the latest apartment market survey conducted by the University of Denver’s Daniels College of Business and Colorado Economic and Management Associates, published by the Apartment Association of Metro Denver.
Ron Throupe, associate professor of real estate and construction management at DU’s Daniels College of Business, conducted the second quarter apartment survey. He found that rents moved up $55 per unit this quarter. First quarter rents were an all-time high of $1,315.
“The upward cycle in rent growth resulting from the demand for units continues to impress as Denver becomes a destination for business and a top rated place to live,” Throupe says.
He also found that vacancy for the front-range has moved down to 5.4 percent from 6.1 percent in the first quarter of 2016.
Throupe will be speaking at the semiannual Economic Conference titled: “Cranes, Trains & Occupancies” hosted by the Apartment Association of Metro Denver Thursday, July 21. Visit the Apartment Associate website for details.
Event: Economic Conference
Time: 7 a.m. to Noon, Thursday, July 21
Place: Hyatt Denver Tech Center
7800 E. Tufts Ave.
Denver, CO 80237