apartment association of metro denver
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Denver considers 5x harsher fines against landlords not up to code
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If a residential unit in Denver doesn’t have a smoke alarm installed, Denver can currently fine the landlord up to $999 after a warning and several citations. But soon, penalties could stack up to $5,000 per day. The Department of Excise and Licenses is pushing to revise Denver’s code to create a new maximum penalty…
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Denver area rents fall, but experts see longer range housing costs rising
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Experts who track rental rates around the Denver metro area are reporting that, despite ongoing concern over housing prices here, apartment rents are continuing to drop. “The reasons for higher vacancy rates and declining rents is an increase in supply. There’s no market pressure to bid up rents,” said Andrew Hamrick, senior vice president and…
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Metro Denver area rents are the most stable in decades — but this good news might be a ‘red flag’
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Rents across Denver have barely budged over 18 months, according to the Apartment Association of Metro Denver. Over the last quarter, the average rent in the metro Denver area went up $5 to $1,875, according to association data for Q1 released Tuesday. “Average rent growth in any 18-month period is generally 5.7%,” Executive Vice President…
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Metro Denver area rents are the most stable in decades — but this good news might be a ‘red flag’
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Rents across Denver have barely budged over 18 months, according to the Apartment Association of Metro Denver. Over the last quarter, the average rent in the metro Denver area went up $5 to $1,875, according to association data for Q1 released Tuesday. “Average rent growth in any 18-month period is generally 5.7%,” Executive Vice President…
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LinkedIn cofounder, former DaVita CEO pour money into Denver mayor’s race
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Outside groups with well-oiled money machines have begun flexing their muscles in the Denver mayor’s contest, shaking up the top spots in the money race with less than a month to go before Election Day and as ballots begin arriving in voter’s mailboxes next week. As if on cue, outside spending began to pile…
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Rising mortgages keeping metro Denver apartment vacancy rates low
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Fast-rising mortgage rates might be denting the record home prices that Denver sellers enjoyed last spring, but they’re only serving to reinforce the low-vacancy apartment market, according to developers and recent rental data. “You’ve seen some (home) prices start to decline as new homes and resales are taking longer to sell, but that’s actually helping…
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Denver expands housing aid for residents facing evictions
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Denver Mayor Michael Hancock unveiled a package of plans to address the city’s housing crunch Tuesday to be used by a city program called HOPE. That stands for Housing and Opportunities for People Everywhere, and the details announced Tuesday include binding mediation between landlords and tenants before eviction and money for city residents facing a…
