A report released this week by the Apartment Association of Metro Denver and the Colorado Division of Housing states that vacancies in the Denver metro area have fallen to a 10 year low in the second quarter of 2011, with a vacancy rate of 4.8 percent.  And with declining vacancy rates, there has been a jump in median rents.  During the second quarter of 2011, the median rent in metro Denver rose to $863.37, increasing 2.5 percent from 2010's second-quarter median rent of $842.70. 

The vacancy rate is the lowest it has been since the first quarter of 2001.  It has fallen by 21 percent year over year from last year's second quarter rate of 6.1 percent.  Read the full story as reported by Howard Pankratz of The Denver Post here...