Renter Wealth Creation Fund to Offer Alternative Pathway to Wealth Building
According to Enterprise Community Partners, affordable Arvada townhome communities Sheridan Ridge Townhomes and Willow Green Townhomes, owned by Archway Communities, are the first investments of a just announced Renter Wealth Creation Fund, the nation’s first innovative investing approach that provides wealth building opportunities for lower and moderate-income renters. Historically, homeownership …
Colorado Named the Most Expensive US State for Renters
According to MovingFeedback — which analyzed data from Zillow.com to find the U.S. states with major metropolitan statistical areas (MSA) that have seen the highest increase in average rent prices over the past three years — Colorado has been named the most expensive U.S. state for renters. Colorado has seen …
Colorado Voters will Consider Tax Reductions on their November Ballot
The November ballot will feature broad-based property tax reduction proposals thanks to Colorado legislators. The referred measure, Proposition HH, also includes an expansion of Colorado’s Senior Property Tax Homestead Exemption, which will allow residents to downsize and keep their exemptions, as well as funds for rental assistance programs. As Colorado …
102 Townhomes Available for Rent in Castle Rock
102 newly constructed townhome rentals just hit the market in Castle Rock. Developed by Watermark Companies and professionally managed by Lincoln Residential, Canvas at Castle Rock is a collection of newly constructed townhomes located at 300 Canvas Ridge Avenue in Castle Rock with rent starting at $2,219* per month. The …
Rigid Zoning Rules Driving Up Rents in Colorado
As the Colorado legislature considers legislation to update zoning and land use regulations to allow for more housing, a new analysis by The Pew Charitable Trusts found that rigid zoning and strict land use policies have contributed to a 31% rise in Colorado rent prices between January 2017 and January …
Denver Office Development Remains Static in Q1
According to CBRE’s Q1 reports, the downtown Denver office market experienced subdued demand in Q1 driving slow leasing velocity and another moderate rise in vacancy. The Southeast Denver office market fundamentals remained stable, while investment sales and development hit zero. Q1 Downtown Denver Office Negative 97,300 sq. ft. of direct …
Denver Rent Report Shows Stabilized Vacancy and Rental Rates
This week, the Apartment Association of Metro Denver (AAMD) released the 2023 First Quarter Vacancy & Rent Report for Metro Denver. The average vacancies and apartment rents remained very flat for the first quarter of 2023. Vacancies remained at 5.6%, the exact same as last quarter. Rents increased less than …
Cherry Creek and LoDo Emerging as Top Performing Micro Office Markets
According to JLL’s Q1 2023 Office Insight report, geography more so than ever is determining which buildings stand to be the winners and losers of the post-pandemic office market. Tenants are paying premiums for office space in select micro markets like Cherry Creek and LoDo. Direct vacancy in Cherry Creek …
RCLCO Releases 2023 Renter Consumer Preference Survey
RCLCO Real Estate Consulting has released a new in-depth national research report on the consumer preference of renters. The 2023 Renter Consumer Preference Survey Report shares data from a comprehensive national survey, conducted in late 2022, that illuminates the motivations, product type preferences, and locational considerations that are driving today’s …
Denver Multifamily Market Sees its First Quarter of Negative Net Absorption in More Than a Decade
According to Northmarq’s latest market insights report — which includes market data, charts and graphs on current and historical trends for multifamily, employment, development, vacancy, rents and multifamily sales — operating conditions in the Denver multifamily market softened during the fourth quarter of 2022, as asking rents declined and the vacancy rate …