Statistical Data: $31.5 million worth of multi-family permits issued through April 30 by the Pikes Peak Regional Building Department 1,086 Number of apartment units under construction 1,345 square feet Average size of new apartment units $130,855 Average cost per unit to construct new apartments 4.7-4.5 percent Vacancy rate for Colorado Springs
Statistical Data: $31.5 million worth of multi-family permits issued through April 30 by the Pikes Peak Regional Building Department 1,086 Number of apartment units under construction 1,345 square feet Average size of new apartment units $130,855 Average cost per unit to construct new apartments 4.7-4.5 percent Vacancy rate for Colorado Springs

Developers and apartment complex owners are taking advantage of high occupancy rates, more costly rents and older apartments in Colorado Springs. And they’re finally catching up after a decade of sluggish apartment construction in the region, said Brian Bahr, founder of All Pro Capital and Challenger Homes. Currently, there are a total of 1,086 apartment […]

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