Tuesday, December 10, 2019

Affordable housing gets scarcer

Posted By on Tue, Dec 10, 2019 at 2:34 PM

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Colorado Springs had the fourth-highest year-over-year rental cost increase among the country’s large cities, Apartment List announced with the release of its December 2019 rent report.

Rent in Colorado Springs increased 3.3 percent between December 2018 and December 2019, according to the report.

Mesa, Arizona, topped the list with a 5 percent increase over that same time frame.

Median rent for a two-bedroom apartment in Colorado Springs is currently around $1,270, Apartment List reports. Denver’s median two-bedroom rent is just $80 above that.

Meanwhile, more than 100 residents of Thrive at The Incline, a complex in Southeast Colorado Springs formerly known as Shannon Glen Apartments, were asked by the property owner to evacuate due to asbestos.

New owner Slipstream Properties was in the process of renovating the apartment complex when evacuation notices appeared on residents’ doors, according to local media reports. 

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