Regions West | Denver
Denver Economy Stable, Luring Renters
May 6, 2008

The Denver apartment market will remain reasonably healthy in 2008, though competition from the region’s shadow stock will offset some of the recent improvements to fundamentals, according to a first-quarter Apartment Research Report by Marcus & Millichap Real Estate Investment Brokerage Group. Near-term demand drivers remain intact, with local employers forecast to expand payrolls for the fifth consecutive year.Following are some of the most significant aspects of the Denver Apartment Research Report: employers are expected to create 13,000 jobs in 2008, a 1.1 percent increase; developers are predicted to complete roughly 2,960 apartments this year, up from 910 units in 2007; vacancy is forecast to end the year at 6.9 percent; asking rents are projected to increase 2 percent to $886 per month in 2008, while effective rents advance 1.7 percent to $789 per month; during the past year, transaction velocity has increased 10 percent.

 
Recent Denver Headlines
Denver Office Market Expected to Close the Year in Good Standing
Sept. 05, 2008
The future looks rosy for the Denver office market. As per a recent research report by Marcus & Millichap Real Estate Investment Services, the Rocky Mountain city is on track for a steady operating performance for 2008, and a positive performance for the long-term.
Apartment Property in Boulder Pulls in a Record $197,000 Per-Unit
Aug. 29, 2008
Uptown Broadway, a multifamily community in Boulder, has traded for $23 million.
Energy Firm to Shell Out $300M to Build Two Plants in Denver Area
Aug. 22, 2008
Just months after completing construction of its first North American manufacturing facility in Windsor, Colo., Denmark-based Vestas has revealed plans to develop two additional plants in suburban Denver at a total cost of approximately $300 million.
card First U.S. Wooden Key Cards to Debut in Denver at Democratic National Convention
Aug. 22, 2008
At the Democratic National Convention in Denver this year, "green" key cards will be used in Denver hotel rooms--their debut in this country, according to Sustainable Cards and their manufacturer CPI Card Group. More than 70,000 biodegradable cards will be issued and used in area hotels.
Denver Apartment Community Commands $31M
Aug. 15, 2008
After four years, the for-sale sign at Orchard Crossing has finally come down. Oakwood Homes sold the 420-unit Class A apartment complex to multifamily property developer and manager Dominium for just over $31 million, as per an article by CREFeed.com.