Search
 

Rental Market Put Into Perspective

DENVER-Another multifamily report is out. This one predicts rents will again rise as investors snap up class-B and class-C complexes and renovate them in what is proving to be a growing trend in the region.

By John Rebchook | Updated on April 10, 2001

DENVER-The multifamily housing market here will remain strong and increasingly expensive in the coming years, shows a report by Steve Rahe, a vice president and apartment broker with CB Richard Ellis. “There is a sense that our Colorado economy is slowing a bit,” according to the report. “The average annual rental increase dating back to 1992 is 6.96%. It is difficult to maintain that consistency indefinitely. Although there is discussion of a slowing Colorado economy, there is not yet any evidence of it in the multifamily market.”

The report notes that strong population and employment growth have produced an expanding rental market. “‘Rents have risen significantly, thus making it difficult for many to find affordable housing,” the report notes.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.