Housing Shortage Evident in the Supply of Apartments
Taking part in discussions and correspondences with other property managers nationwide, the shortage of rental housing is not limited the metro Denver area. Other managers are seeing record low vacancies low vacancies in their respected areas. The metro Denver single-family vacancies are at all time low of 2.%
The shortage seems to be evident in the supply of apartments. The Denver Post reports an apartment building boom being on the horizon as increasing demand for a limited supply of apartments pushes rents higher and gives developers and investors an incentive to start building multifamily projects.
