“Average rents in Colorado hit a new high of $1,026 in the first quarter of 2014, up 8 percent from $950 in the first quarter of 2013, and 3.4 percent from $992 in the fourth quarter, the Colorado Division of Housing said Wednesday. The increase was particularly evident in northern Colorado and metro Denver, where Division of Housing economist Ryan McMaken said job growth and demand for apartments continues to outpace construction. In the Fort Collins-Loveland market, vacancy rates hit a 13-year low of 1.7 percent in the first quarter, compared with 5.2 percent statewide. The vacancy rate in Denver, measured in May, was 5.1 percent.”
http://www.denverpost.com/business/ci_25943578/rock-bottom-vacancy-rates-push-colorado-rents-all
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