Michelle Lyng (email)
Novitas Communications
Check back often for the most up-to-date industry news.
Quarterly results are the lowest growth in rents since 2011, but a worrisome slowdown in newunits could impact renters’ gains Denver (January 22, 2020) – Average rents across the Denver Metro area decreased slightly to $1,503 inthe fourth quarter of 2019, according to the Denver Metro... Continue Reading
National Model Shows that Denver Would Lose Estimated $462 Million in Property Value and $3.5 Million in Tax Revenue Denver (January 8, 2020) – Denver area population has grown dramatically faster than construction of new housing units. Just under 500,000 new people have mover to the... Continue Reading
Over fifty awards presented to top-performing individuals, suppliers and communities across Metro Denver’s rental property communities On November 9, the Apartment Association of Metro Denver (AAMD) hosted over 1,300 members and allies from across the region for its 2018 Tributes Awards... Continue Reading
Apartments built in the 1970s lease for 42% less on average than apartments built in this decade and an estimated 29,051 apartments in the Denver metro area rent for $1,000 or less. Average rents in Denver fell by $19 per month in the third quarter of 2018, continuing a three-year trend in... Continue Reading
Average rents in Denver fell for the second quarter in a row, dropping to $1,396 at the end of 2017 down from $1,420 three months prior. “After including average concessions valued at $65, the average effective rent for an apartment in Denver fell to $1,331 per month at the end of... Continue Reading
Vacancy Up, Rents Down Amid Record Construction Levels Average rents fell $8 between the second and third quarter of 2017 and average vacancy increased from 5.0% to 5.4% over the same period, according to the report. “Housing cost may be soaring in Denver’s single-family home and... Continue Reading
Vacancy rates dipped and rents edged up as Denver set another record in apartment construction in the first three months of 2017, according to the Denver Metro Area Apartment Vacancy and Rent Report released today. “Denver saw 3,246 new apartments delivered in the first quarter,”... Continue Reading
Quarterly decrease is the largest dollar amount decrease ever in Metro Denver by Christopher Dean For the second quarter in a row the average cost of renting an apartment in Denver has decreased, according to the Denver Metro Area Apartment Vacancy and Rent Report released today. The survey... Continue Reading
by Christopher Dean Denver-metro rents decreased for the first time in nearly three years. Average rents fell from $1,371 to $1,368 during the third quarter according to the Denver Metro Area Apartment Vacancy and Rent Report released today. Apartment rents rarely decrease during... Continue Reading
