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Number of new apartments in Colorado Springs on the rise, but so are prices The Pikes Peak Regional Building Department has already issued permits for more than 1000 new apartments this year Spencer Humphrey/KOAA The Pikes Peak region has seen a sharp increase in the number of new apartments being built this year compared the same time last year. But will this increase in supply finally help bring prices down? The answer is complicated. and last updated 2021-05-03 21:32:30-04 COLORADO SPRINGS — The Pikes Peak region has seen a sharp increase in the number of new apartments being built this year compared the same time last year. But will this increase in supply finally help bring prices down? The answer is complicated.

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