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Apartment rents rise minimal amount in metro Denver as a wave of new supply hits market

Supply and demand maintain balance, keeping rents in check

Metro Denver apartment supply surged in the first quarter, but plenty of tenants were there to soak up the new supply. That helped keep the vacancy rate and rent gains in check. (Photo by Hyoung Chang/The Denver Post)
Metro Denver apartment supply surged in the first quarter, but plenty of tenants were there to soak up the new supply. That helped keep the vacancy rate and rent gains in check. (Photo by Hyoung Chang/The Denver Post)
DENVER, CO - NOVEMBER 8:  Aldo Svaldi - Staff portraits at the Denver Post studio.  (Photo by Eric Lutzens/The Denver Post)
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Apartment rents and vacancy rates in metro Denver stayed mostly flat as the market absorbed an unexpectedly large number of new units in the first quarter.
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