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."
Read the full story: Metro Denver apartment rents drop for second quarter
Lack of Multi-Family Zones Contributes to Nashville’s High Housing Costs, Study Says
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Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
California plans to bury El Niño’s downpour
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Chicago breaks ground on $3 billion megadevelopment
The new neighborhood, titled Foundry Park, will one day host 3,700 residences.
California High-Speed Rail Authority CEO resigns after $600,000 scandal
Under Ian Choudri, the authority used taxpayer dollars to fund first class flights and trips to nightclubs.
Want to study the Missouri River? Soon, you may need unanimous approval from 10 states
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Desperate measures: Advocates weigh draining Lake Powell to fill Colorado River
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FREE Course: Walkable City 1: Why Walkability?
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City of Rosemead
Rutgers University, Edward J. Bloustein School of Planning and Public Policy
One Hundred Miles
Hunter College, City University of New York (CUNY)
The Architects Foundation
University of Cincinnati Online
City of Cambridge
Montrose County
The Pocatello Development Authority