Bill alleging landlord collusion in rigging of rental market pricing advances in House
By Brian Porter | Rocky Mountain Voice
The average residential property rental in Denver is $2,050, a decrease of $117 in a year from a peak in August 2024, according to Zillow.com.
In Colorado Springs the rental market has seen almost no change in a year, while in other cities like Pueblo and Grand Junction rents have increased, Zillow.com says.
The rise of rents, or potentially the decline, is all a product of supply of rentals and demand by renters, some industry experts say, but two Colorado Democrat representatives have written a bill to try and prevent landlord price fixing. They say multiple online companies offer algorithms that allow landlords to collude to set rental price points.
House Bill 25-1004, by Denver County Reps. Steven Woodrow and Javier Mabrey, aims to cor...