Comment on Apartment rents up again in Colorado Springs, but remain shy of record highs

Apartment rents up again in Colorado Springs, but remain shy of record highs

Colorado Springs-area apartment rents rose again in the first quarter but stopped short of another record high. Renters paid an average of $1,130.25 a month during the January-March period, up $13.57 from the fourth quarter and a nearly $70 spike from the first quarter of 2017, according to a report from the Colorado Division of Housing and the Apartment Association of Southern Colorado. Although several apartment projects under construction will boost the area's supply, a strong demand for multi-family housing by millennials and empty nesters moving to the Pikes Peak region continues to fuel rent hikes, said Laura Nelson, the Apartment Association's executive director. Still, first-quarter rents remained $11.15 below Read more on Colorado Springs Gazette

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More U.s. News