Vacancy Rates Low - Rents Are Up - Investors Are Buying

For the first time in many years, landlords are happy. Many are even buying rental properties that "cash flow" the day they close on them. This generally has not been the case with investors in past years.

The forth quarter 07 vacancy rate for apartment buildings in Denver was 6.1%; the lowest it has been since 2001 according to a recent Denver Post article. Investors nationwide are targeting Denver to purchase rental properties since they believe the Denver rental market will be strong for the next three to five years.

Rental vacancy rates of single family homes in the metro Denver area range from just below 4.0% to around 9%. Vacancy rates have not been this low since 2001.

I have been helping buyers and sellers with their housing needs for the past 30 years. I look forward to assisting you. Feel free to call or email me. - Bill Kosena, ABR, CRS, SRES -303-796-0957.