Jude's Real Estate Rumblings

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Apartment vacancies rise in Denver; rents remain flat

Apartment vacancies rise in Denver; rents remain flat, an article from The Denver Post, reports that apartment vacancy rates in metro Denver increased to 7.9% during Q4 2008., according to a report released Wednesday by the Apartment Association of Metro Denver.  During the third quarter of 2008, the vacancy rate was 6.5%.  More young people are electing to live with their parents or find roommates.  Compared to the fourth quarter of 2007, average rents were up $28 to $888.22.  Gaining in popularity are one-bedrooms and efficiencies. 
http://www.denverpost.com/headlines/ci_11576970


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