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Denver: Expect 4.6% Multifamily Rent Growth For 2016 – Multifamily

January 14, 2016 by The Lawson Knowlton Team

Source: Report: Expect 4.6% Multifamily Rent Growth For 2016 – Multifamily

Denver Apartment Rent Growth ReportYardi Matrix expects 2015’s hot markets to lead a 4.6% jump in apartment rent growth in 2016—down from 6.5% last year, but still killing the 2.8% eight-year average. Denver will lead the charge with a whopping 11.2% rent jump, followed by S.F. (11%) and Portland (9.2%). The Yardi Matrix report says these cities “are home to intellectual hubs led by technology firms” along with a Millennial-friendly lifestyle, CoStar reports. Sacramento and Millennial favorite Austin, TX, fill out the top five in rent growth.  Richmond and Twin Cities rents are looking more or less flat; they’re in the bottom three of the top 30 with DC—a 3.7% supply jump in the nation’s capital will slow rents to .8% growth. [GlobeSt]

Filed Under: Uncategorized Tagged With: CO Apartment Building Sales and listings, Denver, Multi-family Apartments and other Residential Income properties currently on the market and sold

About The Lawson Knowlton Team

Our firm sells more apartment buildings in Denver and across Colorado than any other firm in the State. From 2007, Pinnacle Real Estate Advisors has accounted for 54% of apartment building sales in the Denver Metro area between 5 and 200 units. The Lawson-Knowlton Team has completed 100's of multifamily investment transactions, totaling more than $410 million.

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