Wednesday, May 15, 2013

KRDO story on apartment vacancies in Pueblo

The most recent vacancy and rent survey for Pueblo shows a vacancy rate of 14.9 percent. This high rate appears to be driven by larger buildings in the northwest part of town. Other areas show lower vacancy rates.

KRDO TV recently produced a story on the topic:

PUEBLO, Colo. -Pueblo has one of the highest apartment vacancy rates in the state. According to the Colorado Division of Housing, in the first quarter of 2013, there was a 14.9 percent vacancy rate compared to 5.9 percent in the first quarter of 2012. 
Skyview Condominiums sits in northeast Pueblo. It's the area with the highest vacancy rate in the city. When Mickel Robinson and her husband took over the apartment complex two years ago, it was half full. Soon after, they evicted dozens of people who were causing trouble, which led to an increase in vacancies. 
"We tried to change the area around a little bit and the reputation that we had over here, so we had to actually clean house a little bit," Robinson said.
The apartment is making a comeback, but the complex is still 50 percent vacant. Robinson said she's offering incentives that include rent discounts to tenants who refer a friend to the apartment.