(function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start': new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0], j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.src= 'https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f); })(window,document,'script','dataLayer','GTM-5WB8HLVL'); Denver Rent Growth to Continue in 2014 | Hamilton Zanze

Denver Rent Growth to Continue in 2014

hamilton-zanze January 02, 2014

Despite new multifamily construction, monthly rents in metro Denver should grow by nearly 5% in 2014 to $1,170, according to Hendricks-Berkadia. Some 7,400 new apartment units are expected to become available over the coming year, followed by 5,500 more in 2015.

During 2013, average rents increased by 6.6% to $1,115. As stated in the Hendricks-Berkadia report, “Denver-area employers added jobs at a pace faster than the national rate in 2013, tamping down vacancy year over year and supporting robust rent growth.”

Read more at Denver Business Journal

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