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Denver Multifamily

Denver Rental Increases Unstoppable

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]

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