Rent hikes in tech towns like Denver won’t last, says Apartment List

Stairs and patterns. (Kevin J. Beaty/Denverite)
For almost the past six years, rents in technological hubs like San Francisco, Austin and Denver have risen 1.6 percent faster than the rest of the country, according to Apartment List’s data.
But the tide’s about to turn, the firm says, because apartment supply is expected to peak in 2017. In fact, Apartment List predicts growths in rent will slow through 2021 in cities like Denver.
Part of the reason is that housing supply is catching up to demand. Denver in particular is among the cities with an increasing supply of rental units, according to the firm. Census data on November housing construction seems to back them up: New units in apartment buildings, those with five or more units in the building, have risen 52 percent compared to last year.
Plus, growth in the tech sector isn’t as strong anymore either, says the firm. The Denver technology and startup scene is free to take that as a challenge as long as they don’t end up hiking my rents as a result of their success.

Well that was a weird day

Denver HOA residents now have more protections

LOOK: Denver’s history of Stanley Cup madness

Mayor Hancock, Archbishop Aquila and other Denver leaders respond to abortion ruling

Things to do in Denver this weekend, June 24-26

Trying to learn why Cheesman Park trees were dying, I found a family of poets hanging poems from a hawthorn in memory of their dad

The world needs a celebration right now. That’s the message behind Lonnie Hanzon’s temporary Pride art installation.

We went to Tight End Bar to hang out with Avs fans, bandwagoners and general Denverites for Game 4

Turns out hockey bros love scooters!

As Denver PrideFest gears up for its first fully in-person event in years, some LGBTQ+ community members say they’re concerned about safety

City Council greenlights nearly $4 billion in bonds for DIA

More air conditioning in Denver is making the world hotter, but it’s not our biggest problem

Denver mailed the wrong ballots to 60 voters. This is how the Clerk and Recorder is fixing it.

Here’s what may be coming to the big, empty parking lot at 18th Avenue and Grant Street

Does East Colfax need a boutique motel? City Council believes so

A democratic primary in Denver could tell us something about the party’s direction – but there’s already a ton of tough-to-track money in the race

City Council votes to continue using Downtown Denver hotel as shelter for people vulnerable to COVID-19

Diapers will be a little cheaper starting in October

Could more roommates fix Denver’s housing crisis?
