The average rent for apartments in metro Denver rose 7.1% from the second quarter of last year to the same period this year. It was the highest growth rate reported during any quarter since the third quarter of 2011, when average rent grew 8.5%. During the second quarter of this year, the average rent in metro Denver rose $65 to $979 from last year’s second-quarter average rent of $915. “You have to go back to the days of the dot-com boom to see lower vacancy rates than what we’re seeing right now,” said Ryan McMaken, spokesman for the Colorado Division of Housing.
Read article – Denver Post

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