While most of the country has seen rent growth levels slow, Denver continues to post big hikes. But with apartment construction climbing to decade-high levels, can that pattern continue?
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The Denver apartment market ranks among the top choices for many apartment investors these days, and with stellar performance levels over the past couple of years it’s easy to see why.
Apartment occupancy in Denver is at an 11-year high, and the metro ranks among the nation’s rent growth leaders. And, of course, apartment developers are taking notice.
Few apartment markets across the U.S. can match the performance momentum posted in the Denver/Boulder area. Furthermore, the near-term future prospects for Denver look pretty good.
Which individual apartment metro topped the list for rent growth in year-ending second quarter of 2012? MPF Research reveals the top ten performers.
Apartment fundamentals are strong essentially across the board in Denver, which ranked among the nation’s best with year-over-year rent growth of 6.5%.
The Mile High City’s annual revenue growth stats during 2011 ranked among the best anywhere in the country, and it ended the year without breaking stride in the seasonally slow 4th quarter leasing period.
Occupancy is back up to pre-recession levels, and rents are surging up in Denver – one of the few markets that’s healthy across essentially all product lines and in most submarkets
The Colorado Springs apartment market enjoyed impressive revenue gains in the early months of 2011 and it could be poised for more.
Denver posted one of the most dramatic turnarounds seen anywhere across the country in 2010.