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 …
Denver is the No.1 Best Large City to Rent a New Apartment
As rentals are a red-hot commodity and many apartment buildings across the U.S. are almost fully occupied, renters have a better chance of finding a new place to call home in newly built rental communities. But where should they look for recently built apartments? To determine the top 50 best …
Rent Report Shows Substantial Decrease in Q4 Rent in Denver, While Vacancies Increase Overall
This week, the Apartment Association of Metro Denver (AAMD) released its 2022 Fourth Quarter Vacancy & Rent Report for Metro Denver. The average apartment rent went down $32 from the 3rd quarter, which amounts to an extra $384 of savings per year in the pockets of Denver area renters – …
Westminster Ranks Among the 50 Best U.S. Cities for Remote Workers
Remote work has already sparked moves among professionals who can do their jobs from anywhere. According to a recent Upwork report, around 5 million Americans moved to a new city in the last two years thanks to work flexibility. So, where should remote workers relocate? To Westminster. According to RentCafe’s …
Colorado-Based McWhinney Expands into Salt Lake City
Today, global residential brand Common and Colorado-based development firm McWhinney began leasing new residential micro-apartment units in one of two high-rise towers in Salt Lake City that formerly operated as a hotel. The building, now operating as Lattice, will be the first collaboration between McWhinney and Common, as both organizations …
Denver Simplifies Licensing Requirements for New Residential Rental License
With 60 days to go until all landlords in Denver with a multiunit residential rental property are required by law to have a city license, Denver has reduced the number of required documents and information required to make the process easier. Denver took this action after taking input from applicants …
Denver Housing Authority Announces Opening of Housing Choice Voucher Lottery
Denver Housing Authority (DHA) is opening its Housing Choice Voucher (HCV), Section 8 Lottery on Sept. 15 and 16, 2022. Housing Choice Voucher, formerly known as Section 8, is a housing subsidy program that is funded by the federal government to assist very low to low-income families seeking affordable housing. The subsidy pays …
$1,500 Gets Renters 662 SQFT of Apartment Space in Denver
Apartment space remains a top priority for renters nationwide. To help them get the best value for their money, RentCafe calculated how much square footage they can enjoy on a monthly budget of $1,500 — but this time around, the study focused on the top 50 best cities for renters. …
Built-for-Rent Homes Coming to Broomfield and Loveland
McWhinney and AHV Communities (AHV) are on track to deliver nearly 500 Built-for-Rent® homes at McWhinney’s 1,100-acre Baseline community in Broomfield, and at Kinston, within its 3,000-acre Centerra master-planned community in Loveland. The partnership expects to break ground on 240 homes within Centerra’s Kinston community this year and has plans to deliver 242 homes at Baseline. “In Colorado’s …
Denver Office Market Sees First Quarter of Positive Absorption in Two Years
According to Newmark’s newly-released Q1 2022 Denver Office Market Report, with the new year and the pandemic numbers continuing to drop, employers have once again started to set plans for returning employees to the office. Office activity in Denver has picked up across all submarkets and industry types, although medium- and small-sized tenants remain …