MultifamilyRentReports

80% of Apartment Households Paid Rent in May

Despite the staggeringly high unemployment rates across the country, the National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 80.2 percent of apartment households made a full or partial rent payment by May 6 in its survey of 11.4 million units. This is a 1.5-percentage point decrease in the share …

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OfficeRentReports

Denver Office Availability to Increase in 2020

By the end of March, the rapidly evolving COVID-19 pandemic had slowed or halted nearly all Denver businesses. Several sectors with a notable corporate presence in Denver, including retail, transportation, and leisure, have suffered significantly to date.  As the forecast of a recession in the U.S. appears increasingly likely, Denver’s market dynamics have the …

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MultifamilyRentReports

Multifamily Remains Strong Investment

A Marcus & Millichap special report suggests that multifamily remains a solid commercial real estate investment through periods of uncertainty. The $2.2 trillion stimulus bill has provided a safety net for the short term while the population works together to slow the spread. While multifamily owners are concerned with the financial impact that will …

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Contributed ArticleRentRetail

Rent Relief for Retail Tenants During COVID-19: A Checklist for Landlords

By Ashley Wingfield, shareholder, and Blake Hansen, associate at Brownstein Hyatt Farber Schreck, Denver As the coronavirus (COVID-19) pandemic unfolds, retail locations globally are facing closures, business slowdowns and economic uncertainty. Accordingly, retail tenants and landlords are having difficult conversations regarding the possibility of rent relief. When approaching these discussions, landlords should keep …

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RentReports

Denver Rents Decelerate in March, First Time Since 2016

According to Yardi Matrix, under normal circumstances, interest for apartments is high during March, with rental prices expected to increase. This is the first time since 2016 that we see a deceleration from February to March, as the national average rent in March went up by 2.9 percent Y-o-Y, a …

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MultifamilyRent

Shift Workspaces Offers Members Rent Relief in April

For all that’s changed since COVID-19 began dominating the headlines weeks ago, one thing hasn’t. Monthly rent payments. That is, until now. For Grant Barnhill, founder and CEO of Shift Workspaces, a Colorado coworking firm built on the values of mutuality, care, and social responsibility, the decision to waive April fees for his …

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BrokerageMultifamilyRent

Apartment Sale in Lakewood Demonstrates Trend in Region’s CAP Rates

Rosalie at Belmar, a 40-unit apartment community in Lakewood, has sold for $7 million. According to Marcus & Millichap’s Denver office, steady rent growth in Denver’s submarkets has piqued the interest of investors. Boomer Beatty and Peter Standley, both senior associates in Marcus & Millichap’s Denver office, had the exclusive …

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MultifamilyRent

Rents in Denver Increase 3.1% YoY. Wheat Ridge Prices See Strong Growth

RENTCafé has released its  February Rent Report for the Denver Metro area. The online rental listing service analyzed apartment prices in 16 cities to see how they changed over the year. Nationwide, the housing market was strong in February, but, amid the COVID-19 pandemic, some changes are likely to appear. “We haven’t seen the impact of …

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DevelopmentInvestmentMultifamilyRentReports

Multifamily Investors Drawn to Colfax Corridor

According to Marcus & Millichap’s 2020 Multifamily Investment Forecast, Colfax Avenue remains the common denominator of many apartment deals as the corridor provides investors wide-ranging dynamics to fit various investment criteria. Colfax Avenue remains the common denominator of many apartment deals as the corridor provides investors wide-ranging dynamics to fit various investment …

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RentReports

Average Rent in Denver Jumped $36 in December, says Report

The average rent in Colorado reached $1,519 in December, increasing 2.9 percent, according to data provided by Yardi Matrix. Out of the 22 cities analyzed, rent prices declined in only two markets, by 0.2 percent. Nationally, apartments were renting for $1,474 on average at the end of 2019, after the slowest annual rise in …

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