Lower Apartment Vacancies, Higher Rents

The construction of mutli-family housing has been on the rise, however, the shortage in rental market is persisting. The Denver posted reported yesterday the vacancies in Metro Denver has dropped to 4.3% in the 3rd quarter in 2012, the lowest since 2000. The average rent is up 5.2% in one year.
The full article is at Denver metro apartment vacancies fall; rents rise.

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