Archives for October 2012

Denver apartment vacancy rate hits 12-year low

 

Denver apartment vacancy rate hits 12 year low

Denver apartment vacancy rate hits 12 year low

Article dated October 29,2012 from the Denver Business Journal written by Dennis Huspeni made these significant points:

The Denver apartment vacancy rate stood at 4.3 percent in the third quarter, the lowest vacancy rate recorded since the same quarter in 2000, according to the report, which was also released by the Colorado Division of Housing. That vacancy rate stood at 4.8 percent for the second quarter and 4.9 percent for the same quarter in 2011. Except for Douglas County, every county saw average vacancy rate decreases.

Rent growth hit an 11-year high during the second quarter, but there is still enough demand out there to keep filling up units

Every metro Denver county included in the survey saw rent increases, with the exception of Adams. The biggest rent gain average came in Boulder/Broomfield, which climbed 8.1 percent in one year.

There haven’t been this few apartments available in metro Denver for 12 years, according to a Vacancy and Rent Survey released Monday by the Apartment Association of Metro Denver.

Denver real estate one of America’s best cities

Denver real estate from Finance.Yahoo.com: Businessweek.com’s second America’s Best Cities ranking. With assistance from Bloomberg Rankings, Businessweek.com evaluated 100 of the country’s largest cities based on leisure attributes (the number of restaurants, bars, libraries, museums, professional sports teams, and park acres by population); educational attributes (public school performance, the number of colleges, and graduate degree holders), economic factors (2011 income and June and July 2012 unemployment), crime, and air quality. Major professional league and minor league teams, as well as U.S.-based teams belonging to international leagues in that city were included. The greatest weighting was placed on leisure amenities, followed by educational metrics and economic metrics, and then crime and air quality. The data come from Onboard Informatics, except for park acreage, which comes from the Trust for Public Land. As the methodology has changed since the 2011 ranking, a city’s rise or fall compared with last year does not suggest that it has gotten “better” or “worse.”

Denver real estate agent

Denver real estate

The Mile High City, Denver real estate, has more than 200 bars and 1,700 restaurants to offer up its craft beers and mixture of southwestern and Rocky Mountain cuisine. The bars near Coors Field are packed while the weather’s warm, and when it gets cold, residents are only short drives from some of the nation’s best skiing. There is also exotic food, with such game haunts as the Buckhorn Exchange offering local takes on yak, rattlesnake, and, of course, Rocky Mountain oysters.

Denver real estate statistics:

Bars: 207
Restaurants: 1,741
Museums: 33
Libraries: 39
Pro sports teams: 6
Park acres per 1,000 residents: 10
Colleges: 13
Percent with graduate degree: 10.9
Median household income: $59,155
Percent unemployed: 8.9

Full article: http://finance.yahoo.com/news/america-s-50-best-cities.html?page=1

Meet Your Professional

Tel:

Fax:

,

Better Business Bureau

Recent Posts