Rapid Employment Growth

Employment growth in Colorado Springs has been consistently higher than the U.S. national average for about a decade, leading to significant growth in professional and business services, education and health services, and natural resources, mining, and construction industries. The shift to remote-work or hybrid-work cultures allowed many young professionals to relocate to Colorado Springs to take advantage of the relatively low cost of living.

High Potential for Income Growth

The Urban Edge Apartments is poised to capitalize on the lack of smaller, more affordable units in Colorado Springs, given that fewer than 10 percent of apartments in Colorado Springs are studios. The average asking rent at 50+ unit properties in Colorado Springs is $1,451/ month, whereas the average proforma asking rent at The Urban Edge Apartments is $919/month.  This 36 percent discount to the market average rent will ensure consistent demand and sustained occupany. The Urban Edge Apartments is extremely well-positioned as a value-oriented living option that will become increasingly attractive as rents grow and the demand for affordable, quality housing continues to increase.

Close Proximity to Employment

In 2021, Colorado Springs was ranked the ninth best place in the United States to find a job by WalletHub, based on 32 metrics and 180 cities surveyed. 39.9% of the population has a bachelor’s degree or higher, while 94% have a GED or higher.

Highly Sought-After Location

Colorado Springs was recently ranked the sixth best place to live on U.S. News’ list of “150 Best Places to Live in the U.S. in 2021-2022.” Colorado Springs continues to attract young, affluent professionals due to the relatively low cost of living, ample job opportunities, wage growth, and proximity to the mountains and outdoor recreation.

Immense Rental Demand

Renting at the Urban Edge Apartments is 63 percent less expensive than buying a home in the area. The Urban Edge Apartments is surrounded by excellent area demographics that support future rent growth and rental demand, and is well located in Colorado Springs.