Over the last year, we have seen many properties come on the rental market. We have represented owners all over Larimer and Weld counties. We have seen a trend in certain areas. This trend has to do with Fort Collins specifically.
It seems there are two areas that are most desirable from a demand perspective. Those two areas are Southeast Fort Collins and the Old Town area. Both attract a completely different type of renter. In the Southeast portion of the city, we typically see tenants who are concerned with school districts. In the Old Town area, we typically see tenants who are interested in the “walk score” and urban activities.
In Southeast Fort Collins, the areas that are of most interest are Harvest Park, Observatory Village, Morningside, Fossil Lake, and Westchase. We typically see properties rent for the highest price and fastest in these areas. From an investment perspective, we have seen buyers make purchases and create positive cash flow in the rental market. With interest rates holding low, this has created a great investment market.
In Old Town, we are seeing areas from Colorado State University to Old Town North doing very well. With students back in town, the area is extremely hot. We are also seeing a strong desire from non-students. Also, with many new restaurants opening in the Old Town area, we are seeing strong demand from those who are interested in the amenities the area brings.
For additional information about the local rental market, please contact us today. We would be honored to serve your property management needs in Fort Collins, Loveland, Wellington, Windsor, Timnath and the rest of the surrounding Northern Colorado area.