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Occupancy and Rents Up Across Colorado

hamilton-zanze December 14, 2013

Colorado apartment occupancy remained strong in most submarkets, led by Fort Collins’ occupancy level of 97.2% and Greeley’s 98.7%. According to the Colorado Division of Housing, vacancy rates have fallen to some of the lowest levels since 1995, signaling growing demand for apartment housing. The occupancy rates for Colorado Springs and Denver stayed relatively stable at 94.6% and 95.6%, respectively.

Due to the uptick in apartment demand, Q3 rents have increased year-over-year in all Colorado metros except for Grand Junction. Colorado Springs had the largest price gains, with rents increasing an average of 5.4% to $830.

Read more at Colorado Division of Housing

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