Denver
RISING
PART
6
Numbers based on the
2nd Quarter 2014 AAMD
Vacancy & Rent Report.
by cary bruteig mai, cre
apartment appraisers & consultants
Downtown Denver
vacancy rate
average rent
average rent / sf
resident turnover.
7.7%
$1,552.70
$1.75
5.5% (per mo.)
MOVING IN
Element 47
2185 Bryant Street, Denver
The AG Spanos company took on the challenge of building on this steeply sloping, hilltop site and
the payback was having dramatic, panoramic views, particularly toward Elitch Gardens, backdropped by the downtown Denver skyline. Residents are willing to pay a premium of $150
per month for this breathtaking view, and smaller premiums for views toward the mountains, Jefferson Park, and Sports Authority Field only a couple of blocks to the south.
With the Pepsi Center only a few blocks to the east, the property is in walking
distance to numerous sporting and entertainment events at these facilities.
The site rises up steeply above a bend in I-25, likely making it the most
visibl