With apartment vacancies down, rents are up
Colorado Springs Gazette - Jan 19, 2011
Finding an empty apartment — and a cheap rent — is getting tougher in the Colorado Springs area, according to a report released Wednesday by the Colorado ...
Denver-area Q4 apartment vacancies hit 10-year low
Denver Business Journal - Jan 25, 2011
Denver-area apartment vacancies in the fourth quarter fell to their lowest level for that three-month period since 2000, and median rents were up, ...
Colorado Springs apartment vacancies at lowest level since 2001 (01/20/2011)Colorado Springs Business Journal
Median rents in Southern Colorado increased over the same period from $700.17 to $711.12.
“From 2005 to 2009, the median rent wasn’t keeping up with inflation in Colorado Springs, so rents were effectively going down,” said the report’s author, Gordon Von Stroh, in a prepared statement. “Over the past couple of years, we’ve started to see some sustained increases in rents, however, and multifamily owners will undoubtedly now need to push rents in hopes of making up for those years of falling rents.”