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1Q apartment rents and vacancy figures dip with season

Industry leaders believe first quarter apartment vacancy increases and average rent decreases are seasonal. Apartment vacancy in buildings with 50 or more units increased slightly to 5.8 percent in the first quarter of 2013. While higher than the fourth quarter of 2012, it was still lower than the average 7 percent vacancy Apartment Insights reported… Continue Reading 1Q apartment rents and vacancy figures dip with season

Report: Apartment vacancy drops, rents rise

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While Colorado Springs apartment vacancy rates fell in the second quarter, rents increased. Apartment Insights, a quarterly apartment market report put together by apartment broker Doug Carter at Sperry Van Ness, reported a city-wide vacancy rate of 6.38 percent. The average rent increased $7 from the first quarter to $747 per unit. Rent citywide is… Continue Reading Report: Apartment vacancy drops, rents rise

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Out-of-state investors are eying Colorado Springs’ rapidly improving apartment market. The average rent in Colorado Springs hit a record high during the third quarter of this year as vacancy rates dropped to their second-lowest in a decade, according to a report from the Colorado Division of Housing. The Colorado Springs market was depressed longer and… Continue Reading Low apartment vacancies, high rents entice out-of-state investors

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Springs’ apartment vacancies at 8-year low

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Apartment vacancy rates in the Colorado Springs area fell to 6.9 percent during the first quarter of 2010, the lowest vacancy rate reported since 2001. The city’s overall vacancies were down from first and fourth quarters 2009, according to a report released today by the Apartment Association of Southern Colorado and the Colorado Department of Local… Continue Reading Springs’ apartment vacancies at 8-year low

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Affordable housing scarce in Colorado

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The Colorado Department of Local Affairs’ Division of Housing reported this week that there are twice as many low-income households as there are affordable rental units in Colorado. Housing units are deemed affordable if the household pays 30 percent or less of monthly income to rent. DOH analysts also found there are 49 rental units… Continue Reading Affordable housing scarce in Colorado

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