Apartment rent increase in metro Denver first in six months
DENVER – Apartment rents in metro Denver increased in January, snapping a five-month streak of month-over-month declines, according to a report from Axiometrics, a Dallas-based multifamily housing research firm.
The Denver Post reports that the increase, $6 a month, brings the average effective rent, which includes discounts, to $1,365 a month in metro Denver. Rents rose at a 2.7-percent annual pace in January, an increase from December’s 2.3-percent pace. Nationally, apartment rents rose 2.2 percent last month.
The apartment occupancy rate in metro Denver remained unchanged at 94 percent, the same level seen in December, but down from the 94.3 percent of January 2016, according to Axiometrics.
SPONSORED CONTENT
Federal District Court Rules Corporate Transparency Act Unconstitutional . . . But Most Small Businesses Must Still Comply
Lyons Gaddis Real Estate and Business Attorney Cameron Grant shares important details of the Corporate Transparency Act (CTA).
DENVER – Apartment rents in metro Denver increased in January, snapping a five-month streak of month-over-month declines, according to a report from Axiometrics, a Dallas-based multifamily housing research firm.
The Denver Post reports that the increase, $6 a month, brings the average effective rent, which includes discounts, to $1,365 a month in metro Denver. Rents rose at a 2.7-percent annual pace in January, an increase from December’s 2.3-percent pace. Nationally, apartment rents rose 2.2 percent last month.
The apartment occupancy rate in metro Denver remained unchanged at 94 percent, the same level seen in December, but down from the…
THIS ARTICLE IS FOR SUBSCRIBERS ONLY
Continue reading for less than $3 per week!
Get a month of award-winning local business news, trends and insights
Access award-winning content today!