Encouraging news was published in late July within the Apartment Association of Metro Denver’s 2nd Quarter Vacancy & Rent Report. Drilling down further to the figures reported for buildings with less than 50 units (essentially removing the new construction) provides a clearer picture of how existing buildings are performing.
Calibrate Real Estate published it’s 2018Q1 report provides insight on the direction of the Central Denver apartment sales market and recaps transactions that have occurred since our last newsletter was published.
Higher interest rates are likely to persist through the remainder of 2018, so we should understand both the positive and negative affects this will have on the Denver apartment market. Let’s start with the good news…
Thoughts of where the market is heading are increasingly on our clients’ minds. Is the Denver rental market about peak? Without a clear answer, it’s helpful to look at the factors that determine the direction of the market.