Aspen summer rental market skyrockets ahead of ‘sold out’ season

A search for summer listings in Aspen, most of which have already been rented and are no longer available, reveals as much: A 1,238-square-foot, three-bedroom apartment near Lift 1A listed for $26,000 a month.

Among the few areas with seemingly comparable property values are destinations like the Hamptons, which experienced a similar urban exodus as Aspen over the past year.

“July is all gone,” Angi Wang, a broker with Setterfield & Bright, said Friday.

The demand for rentals this summer is mirroring that of the ­residential sales market, she said.

“The lack of inventory, I think, is because a lot of the people who came for temporary purposes for COVID have decided to stay longer term,” Wang said.

“They’re surrounded by other high-net worth individuals, like-minded people ­doing similar things, and a lot of them are in business with one another.

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