2025 Membership Directory and Resource Guide | Page 20

5,139
6,018
21,158
20,395
METRO DENVER MARKET REPORT ( 3RD QUARTER 2024 )

5.3 %

VACANCY RATE
Last Quarter : 5.6 %

$ 1,911

AVERAGE RENT
Last Quarter : $ 1,903
+ 1.2 %
12 MONTH CHANGE
3RD QUARTER 2023 : $ 1,888

$ 2.22

RENT / SQ . FT .
Last Quarter : $ 2.21
Line : Percent Vacant Bar : Average Rent ( in dollars )
PAST YEAR
INVENTORY

432,237

TOTAL UNITS
5,139
NEW UNITS
3rd Quarter 2024
6,018
NET ABSORPTION
3rd Quarter 2024
21,158
NEW UNITS
Previous 12 Months
20,395
NET ABSORPTION
Previous 12 Months
COUNTY OVERVIEW
ARROWS DESIGNATE CHANGE SINCE PREVIOUS QUARTER
VACANCY AVG RENT RENT / SF
Adams
5.4 %
$ 1,792
$ 2.14
Arapahoe
5.2 %
$ 1,833
$ 2.09
Boulder / Broomfield
4.3 %
$ 2,027
$ 2.29
Denver
5.8 %
$ 1,934
$ 2.34
Douglas
4.9 %
$ 2,047
$ 2.14
Jefferson
5.1 %
$ 1,913
$ 2.21
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