Colorado Springs apartment vacancies on the rise

Apartment vacancies in Colorado Springs increased to 6.6 percent for the third quarter of 2010, according to a Colorado Division of Housing Report released today.

The rate is higher than the 5.8 percent reporter last quarter, but down in a year-over-year comparision from 8.7 percent in the third quarter of 2009.

The report cited troop movements out of the area as a key factor in the vacancies.

Median rents also rose, eclipsing $700 compared to $671 for the third quarter of 2009.

See the entire report at the Division of Housing’s website.

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