Tag: multifamily
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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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Hundreds of new apartments planned for high-growth areas in Colorado Springs
Three out-of-state companies plan more than 850 apartments in fast-growing areas of Colorado Springs, as the city’s increasing population, quality of life and economic gains continue to attract multifamily developers, industry officials say. Millennials who don’t want to buy homes, baby boomers who’ve retired and downsized and newcomers who have moved from large urban areas…