The residential rental market continues to be a renters market, with many choices available and potential renters making their decisions based upon price. Our chart below shows the number of advertised rentals up about 235% from June 2002. There is continuing pressure to lower rents.
The areas easiest to rent right now are those closest to downtown and/or shopping areas. This is true in all the municipalities in Boulder and Broomfield counties.
Another factor yet to realized in the Boulder city rental market is the 500 beds at the new apartments on the University of Colorado. These will be full apartments with kitchens. As mentioned in a previous newsletter these will be strictly for upper level and graduate students and doctoral candidates. The apartments are offering studios, one bedrooms, two bedrooms, and two bedrooms for 4 people.
