Like a flare in the night sky, metro Denver apartment vacancy rates unexpectedly soared in the fourth quarter, signaling that the region’s long-running multifamily construction boom might be in danger.

“Some big warning signs flashed in the fourth quarter,” said Cary Bruteig, a principal with Apartment Appraiser & Consultants in Denver.

That is from the landlord’s perspective. But for tenants, that same flare may signal help is on the way after years of rising rents and limited supply.

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