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Market changes spur apartment construction

While lower apartment vacancy and rising rents don’t sound good to tenants, they’re welcome news for the apartment real estate market. Sustained vacancy rates around 6 percent, combined with continually rising rents, have cleared the way for new construction and high-dollar real estate transactions. The Colorado Division of Housing released its quarterly vacancy and rent… Continue Reading Market changes spur apartment construction

The Colorado Division of Housing reported last week that Colorado Springs average rental rate hit an all-time high in the second quarter of 2011 at $759 a month. But whether that’s really an all-time high and what that says about the market depends on whom you ask. Division of housing spokesman Ryan McMaken said median… Continue Reading Apartment vacancy rates prompt differing analysis

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Apt. landlords have little to celebrate

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Like a barometer, apartment rental rates provide a measure of the Pikes Peak economy — and this summer the pressure is rising, though demand could soon drop even faster. Vacancy rates in apartment communities of 50 units or more are down to a 10-year low of 6.1 percent, compared to about 8.4 percent last year.… Continue Reading Apt. landlords have little to celebrate

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While commercial real estate deals have picked up, the local multifamily investment market remains stuck in low gear, in part because investors sniffing for distress deals aren’t finding them here. That, of course, is a good sign for anyone holding such property. Investors have shown the most interest in new Class A properties as well… Continue Reading Apt. buyers find market healthier than most

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