Commercial Denver Apartment update

Angel Realty LLC Commercial Denver Apartment update Report:

The Denver Apartment, market area, confronted with limited supply, is being driven by high levels of demand and subsequntly, resulted in the vacancy rate ending down 30 basis points in the third quarter and down a full 190 basis points since the third quarter in 2010. Average asking and effective rate in the third quarter of 2011 were up.7%.

A Washington based Development company has teamed up with Continuum Partners to build a 300 unit apartment tower just west of the Denver Union Station.