Rental Rates in the Denver Area are Up 48% Since 2010
Posted by West + Main Homes on
Metro Denver rent increases have returned with a vengeance according to recently released figures, and this latest trend echoes one that longtime residents and transplants alike will recognize. A new analysis of rent growth in the United States reveals that prices in Denver went up 48.3 percent from 2010 through the end of last year. The increase is the fourth-highest in the United States during that period, behind only three cities in California's Bay Area.
The study is by RealPage.com, a property-management software firm that's been tracking the Denver market for years. And as documented by the site, the current situation is being driven by what might be characterized as a perfect storm for rising rent.
During the first quarter of 2015, for…
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