Dr. Seuss said, “don’t cry because it’s over; smile because it happened.” It is with mixed emotions that we announce the departure of the Johnson Piretti Team from Calibrate Real Estate. While we will miss our daily comradery and collaboration, we look forward to the new opportunities that the future presents.
Everyone has been asking us, “how has COVID-19 impacted other apartment operators?” Further, how are the leaders of Denver’s apartment industry navigating this pandemic?
Six years after breaking the $100,000/unit price point, Central Denver apartments averaged over $204,000/unit in 2019. We calculate the average price per unit annually from Central Denver’s transactions between 10-100 units, excluding sales of recently constructed projects.
Central Denver appears to be headed for another record year of apartment sales prices. To many observers it might seem that nearly everything is selling for $200,000+ per door; but are they really?
Denver’s apartment market has been on the rise for nearly a decade. That run has some investors worried that we are now “late in the cycle”, anticipating that an inevitable downturn is on the horizon. However, there are several reasons to believe that the market will continue to push ahead.
Encouraging news was published in late July within the Apartment Association of Metro Denver’s 2nd Quarter Vacancy & Rent Report.
The average multifamily sales price reached $127,275/unit in Central Denver, a remarkable 19% increase over 2013! The purpose of our newsletter is to provide insight on the direction of the Central Denver apartment market, and to highlight the transactions that occurred from 12/15/2014 to 3/15/2015.
The Denver Apartment Buildings For Sale website is proud to release our neighborhood statistics report. Take a look at the Capitol Hill apartment sales market (below) as well as my […]
Kyle Malnati’s Central Denver Apartment Market Report for 1Q2012 details Apartment Buildings Sold in Denver during the 3rd and 4th Quarters of 2011. The statistics for Congress Park Sales are […]
Kyle Malnati’s Central Denver Apartment Market Report for 1Q2012 details Apartment Buildings Sold in Denver during the 3rd and 4th Quarters of 2011. The statistics for Uptown Sales are 8 […]