Apartment Rental Rates - It's All Supply and Demand

Apartment rates in the Denver metropolitan area have reached an all-time high in the first quarter of 2013, proving the supply and demand lessons we learned in our Economics 101 class.  The apartment vacancy rate has declined, falling to 4.6 percent (first quarter of 2013), the second lowest vacancy rate in any quarter since 2001.  Vacancy rates continue to decline in Boulder County as well.  Although there has been new apartment construction, it is not keeping up with the demand.  Boulder is known for its low vacancy and higher rental rates, and strong real estate market, based on many factors including the student population from the University of Colorado.

Specific figures can be found at the Denver Post, or contact me for information on the rental market and investment property opportunities in the Boulder area.