Denver Rental Vacancies at 10-year Low

apts denver: glass houseAs a follow up to my article on Denver rental I found this and wanted to link to it.

Denver rental vacancies, at 4.8 percent are at a 10 year low.

“Once the market hits that 5 percent level, that’s generally the equilibrium level,” said Gordon Von Stroh, professor of business at the University of Denver.

“The focus recently has been in trying to increase occupancy with incentives and rent levels,” he said. “But now that the vacancy rate is below 5 percent, there will be more pressure” pushing up rents.”

Since there has been very little  construction of new Denver rental apartments in several years vacancy rates are expected to keep dropping according to the folks at http://www.bizjournals.com/denver/news/2011/07/25/denver-area-apartment-vacancies-at.html.

How about you? Any luck finding a Denver rental? Comment below.

*** If you’d like some help finding an apartment in Denver, I’ve got a whole staff of people standing by to help you for free. Call one of our apartment experts at 877-676-1301.

Or, click here: http://www.aptsdenver.com/discover-denver-apartments

[Image credit: darkdenver]

Tags: , ,

Comments are closed.