Control in the residential rental market continues to belong to the renters as many owners offer potential tenants enticements such as one or two months of free rent and even security deposits as low as $99. Some landlords are finding that vacant properties right now are sitting open for two to three months, leaving them desperate to find tenants. (Boulder Daily Camera, Feb. 15, 2004).
The most recent report on apartment permit activity in the nation disclosed that Denver had 2,861 permits in 2003, as compared to 6,158 in 2002 and 11,613 in 2001, drops of 53.5% and 47%. (Units, February 2004).
