Denver just joined Seattle in an exclusive club: high demand cities with flattening or falling rents.
"Metro Denver apartment rents leveled off and vacancies rose sharply between the third and fourth quarters after a surge in new supply left more landlords scrambling to fill their units," reports Aldo Svaldi.
That information comes via the Apartment Association of Metro Denver, which included a statement about the "natural forces" of supply and demand when announcing the news.
Svaldi shares more details about the slight market correction:
The drop in median rents wasn't huge — a $7 decline from $1,252 a month in the third quarter to $1,245 in the fourth. The average rent held steady at $1,292 a month.
But in a sign more downward pressure on rents could be coming in the months ahead, the area's apartment vacancy rate surged to 6.8 percent from 5 percent in the third quarter.
The article goes into a lot more detail about submarkets and the implications of the trend for the future of the real estate market in the Denver area.
FULL STORY: Apartment vacancy rates in metro Denver surge, rents dip a tiny bit
Market Segmentation in New York
Rents have been declining more slowly in the outer boroughs than in Manhattan. Does this mean that what happens in Manhattan has no effect on the rest of the city?
Double-Digit Housing Price Increases Tied to Supply Imbalance in Denver
Expensive homes dominated the metro Denver real estate market in 2020.
Construction Versus Conservation: A Local Case Study
In Washington D.C., ZIP code 20003 is split into two distinct areas: fiercely preserved Capitol Hill and the construction-heavy Capitol Riverfront. But where are rents skyrocketing, and what factors go into that equation?
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
USGS Water Science Centers Targeted for Closure
If their work is suspended, states could lose a valuable resource for monitoring, understanding, and managing water resources.
Congress Moves to End Reconnecting Communities and Related Grants
The House Transportation and Infrastructure Committee moved to rescind funding for the Neighborhood Equity and Access program, which funds highway removals, freeway caps, transit projects, pedestrian infrastructure, and more.
Portland Council Tentatively Approves Sidewalk Repair Plan
The proposal would address sidewalk needs in Portland’s District 1 and District 4.
Expanding Access to Design Education at Honolulu Community College
Honolulu Community College’s Architecture, Engineering & Construction Technologies program highlights the role of community colleges in preparing nontraditional students for careers in architectural and construction technologies.
Integrating Human Rights Into Energy and Extractive Sector Transitions
Why just transition efforts must move beyond economic considerations by embedding human rights principles into business practices to ensure equitable, transparent, and accountable outcomes for affected communities and workers.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
City of Moorpark
City of Tustin
Tyler Technologies
City of Camden Redevelopment Agency
City of Astoria
Transportation Research & Education Center (TREC) at Portland State University
Regional Transportation Commission of Southern Nevada
Toledo-Lucas County Plan Commissions