Thursday, February 23, 2012

Housing News Digest, February 23

Kaiser Permanente selects locations in Fort Collins, Loveland
Kaiser Permanente, which announced its entrance into the Northern Colorado market late last year, has selected two locations for its Fort Collins and Loveland offices, and has set the anticipated open date for both offices as Oct. 1.

In Fort Collins, the health care giant will lease a 21,000-square-foot space at 2950 Harmony Road. In Loveland, Kaiser has purchased the 30,000-square-foot space currently inhabited by Eheart Interior Solutions at 4901 Thompson Parkway. Eheart is expected to close at that location by the end of March before relocating to Fort Collins.

Fort Collins/Loveland vacancy rates down; rents up (Coloradoan)
The problem is simple: There's a shortage of new apartments, said Ken Kiken of Milestone Development of Denver, which has teamed with Fort Collins developer Les Kaplan to build the 240-unit Terra Vida apartments off Harmony Road. "Financing the pipeline of new apartments is not keeping up with the natural pace of graduates and the increase in migration into the state," said Kiken, whose first units should be available in June.

Colorado apartment vacancies drop in Q4, rent up(DBJ)
Here’s a breakdown of Q4 2011 vacancy rates for the five metro areas. Given are vacancy rates, average rent and the percentage of rent increase or decrease from 2010.

Latest survey shows apartment vacancy rates tightening further in Loveland-Fort Collins and statewide (Loveland Reporter-Herald)
Loveland-Fort Collins' rate averaged 3.4 percent for the period, significantly lower than the other cities' vacancy rates and a drop from 4.1 percent the previous year. Separated out from the two-city average, Loveland's rate was 5.3 percent.

Average rents in Loveland in the fourth quarter registered higher than in any other area, at $1,006.51 per month. The Loveland-Fort Collins average was $973.93, a 9.1 percent increase over 2010 and higher even than Denver's $932 average.

Greeley apartments show high rise to vacancy rate
(Greeley Tribune)
A sharp spike in Greeley’s apartment vacancy rate, from 1.8 percent in the third quarter of 2011 to 6.4 percent in the fourth quarter, has left some r...

Rents creep up; vacancies tighten (Grand Junction Daily Sentinel)
Apartments were more expensive to rent and slightly less available in Grand Junction during the fourth quarter of 2011 compared to the final quarter of 2010. Grand Junction’s apartment…