Apartment vacancy has dropped from 13 percent to 8 percent over the last two years. It should continue to drop due to the limited new supply reaching the market, combined with accelerating job growth. |
I'm wondering if maybe now the metro Denver market has changed. There just seems to be more liquidity in the market. |
It's becoming obvious to everybody that we're kind of at the bottom of the curve and that rental income is going to start climbing from here. |
This is below the average for the last 25 years of 4,500 units per year. |