Denver Rents Up More Than 10 Percent In Past Year

Dated: 07/02/2015

Views: 330

From The Denver Business Journal 7/2/2015

By Ben Miller


Denver rents for new residents grew by 10.2 percent in the past year, with only two other major cities having higher growth rates, according to new research.

Research by Texas-based RealPage Inc. and MPF Research indicates that only rents for new residents in Oakland (11.8 percent) and Portland (11.3 percent) grew more than Denver.

That was well above the national average increase of 5.2 percent, according to the research.

"Throughout the current economic cycle, the nation’s rent growth leaders have been in the Pacific Northwest, from Seattle down through the San Francisco Bay Area, plus Denver,” said MPF Research vice president Greg Willett, in a statement.

Last week, Zillow Inc.'s study indicated that Denver rents had increased 12.6 percent over the past year, which was also the third-biggest annual jump in the country.

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Ranae Urso

My name is RaNae Urso and I specialize in residential sales and buyer representation in the Denver Metro area. I have been in the real estate business over 14 years of my 30 years in Colorado. I enjo....

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