In April 2016, our clients purchased a Capitol Hill building by putting 25% down, and financing 75% of the purchase price with a loan at 3.55% annual interest, fixed for 5 years. Oh those were the days!
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.
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.