For the eighth quarter in a row, the vacancy rate in Colorado Springs has gone down, this time to 5.8%. The last time it was this low was in the third quarter of 2001 when it was at 5.4%. As you’d expect, when the vacancy rate drops, the average rent goes up. Last year the [...]
Browsing Posts tagged vacancy rate
A recent post on CNNMoney.com claims apartment rents may soon rise by double digits in the hottest markets. And even in the rest of the country, rents may jump 7% in each of the next two years, according to Peggy Alford, CEO of Rent.com. She also predicts a national vacancy rate of 5% in 2012. [...]
Everywhere one looks today there are growing signs that investing in apartments is a smart idea now and will be for the next several years. The part of the American Dream that includes a white picket fence and your very own home is fading for many. In the second quarter of 2010, only 66.7% of [...]
According to a report released last week by the Apartment Association of Southern Colorado and the Colorado Department of Local Affairs’ Division of Housing, the first quarter’s rate of 6.9% is the lowest vacancy rate recorded since the third quarter of 2001 when vacancies were 5.4%. The very next quarter of 2001 saw the vacancy [...]
Fred Crowley, Senior Economist at UCCS has released his November 2009 Quarterly Updates and Estimates document. According to his research, the Business Conditions Index has risen by almost 19% since its low point in February of this year and now stands at 81.3. It is expected to stay in the high 70s to mid 80s [...]
