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Denver metro apartment rental rates reach historic highs according to data

13 May 2015 by Welton Corridor

 
“Metro Denver apartment rents, historically restrained, have broken off the leash and are running up, up, up — like a loose dog on the trail of a deer.

Average metro Denver apartment rents rose 12.2 percent in the fourth quarter and 12.1 percent in the first from the same quarters of 2014.

Those back-to-back annual gains are the biggest captured in the area since Gordon von Stroh, a professor at the University of Denver, started surveying rents back in the early 1980s, according to an analysis from housing economist Ryan McMaken.

“Even during the late 1990s, during the tech boom, rent growth was not as strong as it is now,” McMaken said.

Rent increases are outpacing those seen in past periods of strong in-migration, are beyond what inflation and income gains would dictate, and can’t be fully explained by the current vacancy rate.

Those gains also have pushed the average apartment rent in metro Denver to $1,203 a month, also a record.

To appreciate how unusual those increases are, the last time average apartment rents managed to pull off a double-digit annual increase was back in the third quarter of 1992 and, before that, in 1982, according to a long-running rent survey from the Apartment Association of Metro Denver.

And since 1981, rent increases have averaged about 4 percent a year.”

read the entire article

Svaldi, Aldo. Denver Post 13 May 2015.
 

Posted in: IN THE NEWS Tagged: affordable housing, Construction, demographics, Denver Post, Gordon von Stroh, Patricia Silverstein, rent, Ryan McMaken, trends, vacancy
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About

Informational links, announcements, and media coverage for Denver, Colorado's Welton Corridor neighborhood meetings, development projects, transit issues, Business Improvement District, and community affairs.

Recent Posts

  • RTD lot in Five Points could become affordable condos 25 July 2022
  • One of The Flyfisher Group’s two Five Points restaurants has closed 24 July 2022
  • Real estate developer Carl Bourgeois, who had a hand in revitalizing Five Points, has died 24 July 2022
  • A ton of money is already being poured into some of Denver’s 2023 municipal elections 21 July 2022
  • Carl Bourgeois, descendant of one of Colorado Springs’ first Black families and known for saving historic neighborhood, has died 21 July 2022
  • Duke’s Good Sandwiches and Scratch Family Bakery are bringing a little bit of New York and Italian to Welton Street 15 July 2022
  • Food: Historic restaurants get grants to survive another generation 8 July 2022
  • Welton Street Cafe Is Once Again Searching for a Temporary Space 6 July 2022
  • 114 affordable microapartments proposed in Five Points 24 June 2022

Upcoming Events

Aug
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2022
5:30 pm Denver City Council Meeting @ Denver City and County Building
Denver City Council Meeting @ Denver City and County Building
Aug 8 @ 5:30 pm – 8:30 pm
  The Proposed Consent Agenda, Meeting Schedule and Agenda do not contain any items related to Welton Street Corridor.   The full Council meets most Mondays in regular session at 5:30 p.m. at the City ... [Read more...]
Aug
15
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2022
5:30 pm Denver City Council Meeting @ Denver City and County Building
Denver City Council Meeting @ Denver City and County Building
Aug 15 @ 5:30 pm – 8:30 pm
  The Proposed Consent Agenda, Meeting Schedule and Agenda do not contain any items related to Welton Street Corridor.   The full Council meets most Mondays in regular session at 5:30 p.m. at the City ... [Read more...]
Aug
22
Mon
2022
5:30 pm Denver City Council Meeting @ Denver City and County Building
Denver City Council Meeting @ Denver City and County Building
Aug 22 @ 5:30 pm – 8:30 pm
  The Proposed Consent Agenda, Meeting Schedule and Agenda do not contain any items related to Welton Street Corridor.   The full Council meets most Mondays in regular session at 5:30 p.m. at the City ... [Read more...]
Aug
29
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2022
5:30 pm Denver City Council Meeting @ Denver City and County Building
Denver City Council Meeting @ Denver City and County Building
Aug 29 @ 5:30 pm – 8:30 pm
  The Proposed Consent Agenda, Meeting Schedule and Agenda do not contain any items related to Welton Street Corridor.   The full Council meets most Mondays in regular session at 5:30 p.m. at the City ... [Read more...]
Sep
1
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2022
6:30 pm Curtis Park Neighbors Public Mee... @ Mile High United Way
Curtis Park Neighbors Public Mee... @ Mile High United Way
Sep 1 @ 6:30 pm – 8:00 pm
  The Curtis Park Neighbors meets at 6:30 pm the first Thursday of every month at Mile High United Way 711 Park Avenue, Denver, CO.   AGENDA   Curtis Park Neighbors website.   Meeting dates ... [Read more...]
Sep
5
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2022
5:30 pm Denver City Council Meeting @ Denver City and County Building
Denver City Council Meeting @ Denver City and County Building
Sep 5 @ 5:30 pm – 8:30 pm
  The Proposed Consent Agenda, Meeting Schedule and Agenda do not contain any items related to Welton Street Corridor.   The full Council meets most Mondays in regular session at 5:30 p.m. at the City ... [Read more...]
Sep
12
Mon
2022
5:30 pm Denver City Council Meeting @ Denver City and County Building
Denver City Council Meeting @ Denver City and County Building
Sep 12 @ 5:30 pm – 8:30 pm
  The Proposed Consent Agenda, Meeting Schedule and Agenda do not contain any items related to Welton Street Corridor.   The full Council meets most Mondays in regular session at 5:30 p.m. at the City ... [Read more...]
Sep
19
Mon
2022
5:30 pm Denver City Council Meeting @ Denver City and County Building
Denver City Council Meeting @ Denver City and County Building
Sep 19 @ 5:30 pm – 8:30 pm
  The Proposed Consent Agenda, Meeting Schedule and Agenda do not contain any items related to Welton Street Corridor.   The full Council meets most Mondays in regular session at 5:30 p.m. at the City ... [Read more...]
Sep
26
Mon
2022
5:30 pm Denver City Council Meeting @ Denver City and County Building
Denver City Council Meeting @ Denver City and County Building
Sep 26 @ 5:30 pm – 8:30 pm
  The Proposed Consent Agenda, Meeting Schedule and Agenda do not contain any items related to Welton Street Corridor.   The full Council meets most Mondays in regular session at 5:30 p.m. at the City ... [Read more...]
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