Colorado Springs apartment rents hit another record high late last year, but the overall multi-family market – while still strong – could be slowing a bit, according to a pair of new reports.
A Colorado Division of Housing survey of Springs-area landlords showed average rents in the fourth quarter of 2016 rose to nearly $1,033 a month – the seventh consecutive quarter in which rents set a record.
Fourth-quarter monthly rents also were up nearly $91 from a year earlier and increased a little more than $7 from the third quarter of 2016.