Denver landlords are making deals to entice renters to move into empty apartments.
Incentives, such as free rent, are at a 15-year high, according to a new report from the Apartment Association of Metro Denver. Landlords are trying to fill units after a building boom in recent years left a glut of space to fill.
“It’s good news for (soon-to-be renters) to see so many opportunities. Several communities are offering great discounts, including a few weeks of free rent on top of falling rates,” Mark Williams, executive vice president of Denver’s apartment association, said in a statement accompanying the report. “It’s truly the best time for new renters to move into an apartment.”
The effective rent, which is the rate people are paying after concessions are baked in, averaged $1,709 per mon