Colorado Springs Business Journal

Posts Tagged ‘apartments’

Apartment gains could spur investor interest

by Becky Hurley Published: July 17,2009

As a result of lower vacancies and stable rents, some cash-rich investors are beginning to take a closer look at the Colorado Springs market — but most are doing plenty of due diligence before signing contracts to purchase. Apartment sales have slowed to a crawl so far this year. The 200-unit Broadmoor Ridge community at 3893 Westmeadow [...] [...]

Local multifamily listed among the nation’s best

by Becky Hurley Published: July 17,2009

Tags: apartments, multifamily

While U.S. apartment vacancies rose to their highest level in 22 years, Pikes Peak region apartments were filling rapidly. The Springs’ overall vacancy rate dropped to 8.47 percent during the second quarter for complexes of 50 units or more. That was down from 9.9 percent during the prior quarter. [...]