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Denver rent is back to 2022 prices after 20k new units hit the market
With 20,000 new units on the market, prices are down about 3.7 percent.
The average rent in the area fell 3.7 percent in the second quarter compared to the prior year, according to a new report from the Apartment Association of Metro Denver. The city’s renters are finally catching a break after a building boom in recent years led to a glut of space that landlords are struggling to fill. That likely means fewer units coming available in the months ahead, potentially giving landlords room to start raising rents again.
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