Tag: vacancy rates
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Apartment construction slows after years of frenzied building in Colorado Springs
The red-hot pace of Colorado Springs-area apartment construction turned ice cold last year. From 2019 to 2023, multifamily developers pulled permits to build just over 14,000 apartments in the Springs and surrounding El Paso County — one of the hottest stretches of local apartment construction in recent memory that averaged a little more than 2,800…
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Colorado Springs apartment rents slumped again in the first quarter, new report shows
Colorado Springs apartment rents fell again in the first quarter and the area’s vacancy rate remained high, more signs that the local multifamily market is overbuilt, a new report suggests. And, expect those trends of softer rents and higher vacancies to continue unless the pace of absorption, or apartment occupancy, ramps up significantly, one of…
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Colorado Springs apartment rents slumped again in the first quarter, new report shows
Colorado Springs apartment rents fell again in the first quarter and the area’s vacancy rate remained high, more signs that the local multifamily market is overbuilt, a new report suggests. And, expect those trends of softer rents and higher vacancies to continue unless the pace of absorption, or apartment occupancy, ramps up significantly, one of…
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Colorado Springs home prices expected to remain stable in 2024 — but could apartment rents fall?
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Colorado Springs’ single-family home and apartment markets appear headed in different directions, which could mean more frustrating news for buyers, but a better outlook for renters. Like last year, homebuyers in 2024 could continue to find a tight supply of properties for sale, while high…
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Colorado Springs home prices expected to remain stable in 2024 — but could apartment rents fall?
Colorado Springs’ single-family home and apartment markets appear headed in different directions, which could mean more frustrating news for buyers, but a better outlook for renters. Like last year, homebuyers in 2024 could continue to find a tight supply of properties for sale, while high prices of the past several years aren’t expected to come…