Apartment Trends Magazine August 2015 | Page 18

Krishna Rao Alison Felix David Zucker Speaking with an overall positive outlook on the market, Jeff Hawks from ARA Newmark – a company specializing in apartment sales – said he believes the record absorption rates will continue and that the apartment industry will likely see strong rents over the months to come. Relying on historic trends, Hawks noted that Denver may have been the only market to raise rents from 2007 to 2010. Combining available units with in-migration means Denver is a continually growing city; a claim which contradicts the earlier panel’s assumptions. Jeff Hawks Teo Nicolais Ron Throupe Andy Clay Mark Windhager Platinum Sponsors Alison Felix, and economist with the Federal Reserve Bank, offered statistics which demonstrated why Colorado is experiencing such success when it comes to the rental market. Seasonally adjusted unemployment remains around 4.4 percent, but that doesn’t take into account total une \