• Despite added supply, average apartment rent in metro Denver ticks up

    6 days ago - By Bésame

    Developers delivered more apartments than tenants claimed in the second quarter, contributing to a slight rise in metro Denver's apartment vacancy rate. But that added supply wasn't enough to prevent rent inflation from accelerating, according to a quarterly update from the University of Denver and the Apartment Association of Metro Denver.
    Average apartment rents in metro Denver rose by $93.75 to nearly $1,860 in the second quarter from the first and are up 12.6% for the year. The rate of quarterly appreciation rose to 5.3% from a 3.3% pace in the first quarter.
    “The second quarter is...
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