COVID-19’s Impact in the Denver Rental Market
Share Article
COVID-19 has severely impacted every sector of life uprooting foundations, altering lifestyles, and forcing humanity to adapt in ways we could have never foreseen. These unprecedented circumstances have had no less of an impact on the rental and property management markets. In this article, the experts at Walters & Company Property Management weigh in on the direct impacts they are seeing in the Denver Rental Market as a result of Covid-19. Several key metrics such as vacancy rates, delinquency rates, and saturation across many parts of the Denver metro area have all increased since last March. This presents both landlords and tenants of rental properties with brand new situations, challenges, and factors to consider. These compounded developments and obstacles are sure to alter the rental market for the foreseeable future.