Anyone who leased or shopped for a rental apartment in downtown Denver this past year surely faced some sticker shock! Rental prices reached all-time highs, most notably seen with condos and new-construction luxury multi-family properties offering the “convenience lifestyle.” Looking back at the rental market headlines of 2014, we can attribute the success of Denver’s pricey rentals to the growing and healthy economy, continued shortage of rental housing and the strong desire for more people to relocate downtown.
Here are some headlines that influenced the Denver rental market in 2014:
Downtown Denver Residential Boom (January 2014 Residential Project Map)
Think you’re alone? I’m a victim of my own success – my rent is also increasing in 2015! Sure it’s expensive, but it’s all relative. Life is good in Denver, CO! If you’re looking for a great rental home in downtown Denver, I can certainly make your search easier – you just have to call me 🙂
Cheers to a happy, healthy and successful 2015!