Category: Rental Rates
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2014 Q4 NoCo Multifamily Market Report
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JUST RELEASED: The 2014 Q4 Northern Colorado Market Report CLICK HERE to request full 8-page report.Following is an excerpt from the full market snapshot: The multifamily market in Northern Colorado continued its strong performance through the third and fourth quarters of 2014. Although there were some lulls seen in the growth, the area still expanded its workforce…
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Record Breaking Apartment Sales
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This article was published in the January 21 – February 3, 2015 Colorado Real Estate Journal. Record breaking. That’s how 2014 will be remembered in the Northern Colorado multifamily industry. All three cities: Fort Collins, Greeley and Loveland, posted record rents, vacancies and sales numbers. As a tertiary market, the numbers for Northern Colorado…
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Rent Increases stronger in Smaller Cities in 2014
The Wall Street Journal reports on the continued rise in rental costs nationwide. Shown in national trending, an average rise of 3.6% in 2014 makes for the fifth consecutive year that cost to rent has jumped due to historically low vacancy levels, creating stronger demand. This is reflected strongly in our Colorado market. As you can see…
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2010 Q4 Statewide Rents and Vacancies Survey
The state just released their Q4 2010 vacancy and rent report. As expected, with the low construction and much higher than average job market in Northern Colorado, vacancies all but vanished and rents continued their rise. Fort Collins and Loveland led the way, but Greeley showed nice signs of a strong and recovering market. A…
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2010 Year End Market Report – Northern Colorado Apartments
We are just finalizing our 2010 year end report for apartment activity and performance in Northern Colorado (Fort Collins, Greeley, Loveland). What a dramatic difference from 2008 and 2009. Can’t wait to get it finalized and published/printed. If you have interest in receiving a copy via mail or email, please let me know at mannlein@realtec.com…
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Can our residents afford to buy a home? Rent an apartment?
I found a very interesting website by the Center for Housing Policy that analyzed 200 major markets across the United States regarding the cost of housing and average rents vs. occupational pay. The website is: http://www.nhc.org/chp/p2p/ “Paycheck to Paycheck, the Center for Housing Policy presents wage information for more than 60 occupations and home prices…
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Nearly 50% of Apartment Landlords Lower Rents
NOTE: Locally in Northern Colorado, both Loveland and Greeley rents declined slightly over the fourth quarter rents a year ago. However, Fort Collins rents climbed significantly from $760 to $810 per month. — NREI Feb 24, 2009 2:19 PM, By Sibley Fleming The deterioration in apartment asking rents reached unprecedented levels in the fourth quarter…
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Vacancies down in Fort Collins, up in Greeley & Loveland
DENVER – The apartment vacancy rate in Fort Collins shrunk to a seven-year low during the last half of 2008, while the rates in Greeley and Loveland crept upward during the final quarter of the year. The tight rental market in Fort Collins is reflected in the 4.2 percent vacancy rate posted during the third…
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The Apartment Sector Begins to Feel the Pinch
By Poonkulali Thangavelu, National Real Estate Investor In a year in which the economy was hit by bad news on a number of fronts, the commercial real estate sector reacted with a negative performance in major property sectors. Even the apartment sector, which received a boost from troubles in the housing market, was not spared.…
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NoCo vacancies tighten, rents soar
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NOTE: The statewide vacancy data is approximately three months old by the time it is released. Many apartment owners have seen vacancies increase and incentives reappear in the last two to three months. DENVER – Bucking a statewide trend, apartment vacancies in Fort Collins, Loveland and Greeley declined during the third quarter of 2008, according…