The number of apartments in Denver has skyrocketed. Meanwhile, the cost of rent is plummeting. Expect to hear this example cited by YIMBYs many times in the coming months.
"Average apartment rents in metro Denver fell for the second quarter in a row in the fourth quarter of 2016 as the market struggled to absorb a record number of new units," reports Aldo Svaldi.
That information comes via the "Denver Metro Area Apartment Vacancy and Rent Report," as provided by the Apartment Association of Metro Denver.
"Average apartment rents fell from $1,371 in the third quarter to $1,347 in the fourth quarter, marking the largest quarterly drop in the 36 years the report has been conducted," according to Svaldi's explanation of the report.
The drop in rental prices coincides with a record setting year for housing construction. According to the report, 9,962 came into the market in 2016, "the highest total ever constructed in metro Denver in a year."
FULL STORY: Metro Denver apartment rents drop for second quarter
Lack of Multi-Family Zones Contributes to Nashville’s High Housing Costs, Study Says
Nashville and surrounding communities allow for a relatively small amount of multi-family housing, according to a new zoning atlas of Middle Tennessee. A regionally focused nonprofit is using the atlas to push for zoning reforms.
Double-Digit Housing Price Increases Tied to Supply Imbalance in Denver
Expensive homes dominated the metro Denver real estate market in 2020.
Is Anti-Growth the Wrong Approach to Fighting Gentrification?
Limiting development has been a powerful tool for anti-gentrification activists, but have these policies had counter-productive effects?
Montreal Mall to Become 6,000 Housing Units
Place Versailles will be transformed into a mixed-use complex over the next 25 years.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
California High-Speed Rail's Plan to Right Itself
The railroad's new CEO thinks he can get the project back on track. The stars will need to align this summer.
Nevada Legislature Unanimously Passes Regional Rail Bill
If signed by the governor, the bill will create a task force aimed at developing a regional passenger rail system.
How Infrastructure Shapes Public Trust
A city engineer argues that planners must go beyond code compliance to ensure public infrastructure is truly accessible to all users.
Photos: In Over a Dozen Cities, Housing Activists Connect HUD Cuts and Local Issues
We share images from six of the cities around the country where members of three national organizing networks took action on May 20 to protest cuts to federal housing funding and lift up local solutions.
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 Camden Redevelopment Agency
City of Astoria
Transportation Research & Education Center (TREC) at Portland State University
Municipality of Princeton (NJ)
Regional Transportation Commission of Southern Nevada