Highmark Residential manages three of them. Spokesperson Zain Abouseido declined to comment. Greystar oversees seven of the listed apartment buildings. Spokesperson Marty McKenna didn’t respond to requests for comment. ![]() Real estate investment trust company Equity Residential manages Eviva on Cherokee and another five of the Denver area’s Airbnb-friendly apartment buildings. I’m gonna have to move.”ĭespite the fact that multiple property management companies seem to be embracing Airbnb rentals, no one is willing to talk about it. If his rent creeps upward at all in September, “it’s not gonna be tenable. “It hasn’t turned into a frat house, which I think was people’s initial concern.”īut if the broader apartment industry jumps on this trend, Watkajtys worries that “everyone’s gonna get priced out.” So far, Airbnb guest behavior hasn’t caused any problems. But “when the building does it in an official capacity, that feels wrong.” Watkajtys sees the merits of the idea for tenants who often leave town for work. “If they can just turn into a de facto hotel, why deal with tenants?” If a building can make more money by directly leasing on Airbnb, “they don’t have any incentive at that point to ever lower rent, because this is a desirable area,” Watkajtys said in a phone call. Rent has already jumped every year that 34-year-old Matt Watkajtys has resided at the luxury apartment complex in Denver’s Golden Triangle, he said last week. One tenant at Eviva on Cherokee worries that he and others will eventually be priced out of their units as a result. The Aster Conservatory Green at 9095 E.The Town Center Collection at 3131 Roslyn Way in Denver.Sentral Union Station at 1777 Wewatta St.Uptown Square Apartment Homes at 1950 Pennsylvania St.Skyhouse Denver at 1776 Broadway in Denver.Eviva on Cherokee at 1250 Cherokee St.The following apartment complexes in the Denver area are listed as Airbnb-friendly apartments, as of March 22: ![]() ![]() Out of the metro area’s current options available on Airbnb, the starting monthly rent ranks as low as $1,209 in Glendale, with average weekly earnings of $568, and as high as $2,993 in Denver, with that profit jumping to $749. ![]() Renters can earn money by hosting Airbnb guests in their units, with the frequency and guest rules varying by building and locality.Īt a time when apartment rent in Denver averages $1,997, Airbnb estimates that a host can earn an average of $786 for a weeklong rental in the city. Vacation rental company Airbnb has partnered with building owners in almost 40 cities “to make it easier for renters to find apartments that let them host part-time,” according to its website. Tenants at 20 apartment complexes across Denver are now sharing their amenities with out-of-town guests, as building management is allowing residents to rent out their units as Airbnbs. If that trend continues, there may be some rent decreases in sight.Digital Replica Edition Home Page Close Menu Zumper’s rent data includes new buildings and omits posts for homes that aren’t available but still listed, which accounts for differences between this report’s numbers and others from Apartment List and other groups.ĭenver has fewer vacant rental units than a healthy market, according to the landlord group the Colorado Apartment Association, and that increases landlords’ ability to raise prices. Zumper’s report is based on more than a million listings in 100 cities. The better metric is year-over-year growth - and that data shows rent rising faster in Denver than most of the country.Īt $1,760, one-bedroom median rent in Denver is 22.2 percent more expensive than it was this time last year, and at $2,280, two-bedroom median rent is 19.4 percent higher.Ĭompare that to the fastest rising market, New York, where two-bedroom median rent rose by a whopping 44.7 percent, after a radical drop in prices during the pandemic. Month-over-month rent changes don’t offer the best sense of broader market trends. Here in Denver, now the country’s 16th most expensive rental market, the price of a two-bedroom rose by 5.10 percent. Rent prices traditionally peak in the summer, but nationally, two-bedroom rent is down 2.9 percent from May to June, according to commercial real-estate site Zumper’s latest rent report.
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