Colorado apartment vacancy rate falls to the lowest level since 2001

The vacancy rate for apartments in Colorado fell during the second quarter to 5.2% – the lowest rate recorded since the first quarter of 2001 when the rate was 4.3%.  The low vacancy rate has resulted in substantial rent hikes.  The statewide average rent in Colorado increased 2% from the second quarter of 2010 to the second quarter of 2011, rising from $862 to $877.  The Denver metro area vacancy rate fell year-over-year from 6.1% to 4.8%.  Read article:

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