News
Denver Rental Increases Unstoppable
May 14, 2015
Rental increases for metro Denver apartments have been practically off the charts recently, according to numbers from the the Metro Denver Apartment Association: up 12.1% year-over-year in Q1 '15, following an annual increase of 12.2% in Q4 '14. Those are record back-to-back quarterly gains, taking average rent in the metro area to just a shade over $1,200/month, which is also a record. Even during the 1990s—Denver's last tech boom—rents didn't rise that much, the Denver Post reports, citing housing economist Ryan McMaken. Since 1981, annual rent increases have averaged only about 4%. [DP]
