Aspen has been a popular location for car rentals in recent years.
But the rental industry has been hit by a downturn in popularity.
The city has seen a large drop in car rentals as people turn away from the city and elsewhere.
But, the rental market is expected to rebound.
According to the National Association of Realtors, the number of listings for cars in the metro area has dropped to 4,076 in the fourth quarter of 2018, down from 4,255 in the same period last year.
But the industry continues to grow.
The national average for car rental properties is now up to 6,719, up from 6,532 a year ago.
“The market is in a very strong position to continue growing in the years ahead,” NAR told CNBC in an email.
The industry is expected as many as 2,000 new listings are expected in the first quarter of 2019.
Renters in the Portland area were not impressed with the news.
“The prices are not going to go down, especially when you’re looking at a car rental that costs almost $10,000 a month,” Dale Aldrich, owner of a rental company in Portland, told The Associated Press.
He noted that people in the city are also going to drive much farther to find a car.
“We’re still seeing that in Portland,” he said.
The city’s economic woes have also led to fewer new car rentals.
The average monthly rental price in the U.S. is $4,836, down $1,900 from a year earlier.
Some cities are seeing their rental market rebound in recent months.
The Washington Metropolitan Area is expected see an average rental increase of 2 percent over the next 12 months, according to the National Association of Real Estate Investment Trusts.
However, that number could be inflated by the impact of the Federal Reserve’s policy to keep the unemployment rate at 5.5 percent.