Apartment Trends Magazine August 2016 | Page 31

DENVER METRO

APARTMENT VACANCY & RENT

2ND QUARTER 2016 SUMMARY

Vacancy Rate

10%

5.4%
Last Quarter: 6.1%

$1,400
$1,342

9%

$1,283

8%

$1,225

7%

Average Rent

$1,371
Last Quarter: $1,315

-

Average per sq. ft.

$1.60

Last Quarter: $1.55

-

Discount / Concessions

8.2%

Last Quarter: 6.7%

Economic Vacancy

14.3%
Last Quarter: 13.0%
Net Absorption (Units)

4,189

Last Quarter: 4,663

$1,167

6%

$1,108

5%

$1,050
$992

4%

$933

3%

$875

2%

$817

1%
0%

$758
11Q2

11Q4

12Q2

Line: Percent Vacant

12Q4

13Q2

13Q4

14Q2

14Q4

15Q2

Bar: Average Rent (in dollars)

15Q4

16Q2

$700

PREV. YEAR

County Overview
Vacancy Rate

Average Rent

Rate (/sq. ft.)

Adams

6.4%

$1,317

$1.55

Arapahoe

4.8%

$1,299

$1.52

Boulder/Broomfield

5.9%

$1,526

$1.67

Denver

5.4%

$1,391

$1.71

Douglas

7.7%

$1,543

$1.60

Jefferson

4.1%

$1,329

$1.54

4

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AUTHORS: Ron L. Throupe, Ph.D, Daniels College of Business, University of Denver

Jennifer L. Von Stroh, Colorado Economic and Management Associates
www.aamdhq.org
AUGUST 2016 • TRENDS | 29