Apartment Market Conditions and Trends
in Metro Denver, Colorado
Denver remains an attractive market for apartment developers, lenders, investors, and renters. The metro area benefits from a vibrant economy, attractive natural and built environments and a welcoming attitude towards newcomers. These factors combine to generate apartment development, investment, and demand.
Developers continue to build and plan new apartments in metro Denver at a rapid pace. No slowdown in construction activity is on the horizon. Rental rates had been increasing due to strong demand, but the amount of new apartment construction coming onto the market is causing conditions to soften. More incentives and specials are being offered, especially in newly completed projects and those in the upper rental rate range.
Over the long term, Denver remains an appealing market for apartment investment, but it is important to be cautious. With over 27,000 units under construction and another 22,000 units proposed, market conditions will likely continue to deteriorate into 2018, especially at the upper end of the rental rate spectrum.
The 3rd quarter 2017 Apartment Perspective is now available including lists of:
- All apartment communities started and completed in the 3rd quarter.
- All apartment projects under construction and proposed in metro Denver.
- JRES analysis of actual vacancy, demand and rental rate trends.
Click on the buttons below to review a sample issue or obtain the latest Apartment Perspective.
Thanks for your interest.
Bill James