Apartment Trends Magazine August 2019 | Page 43

DENVER METRO APARTMENT VACANCY & RENT 2ND QUARTER 2019 SUMMARY 10% Vacancy Rate $1,500 $1,375 9% 5.0% $1,250 8% Last Quarter: 5.4% $1,125 7% Average Rent $1,520 Last Quarter: $1,481 - Average per sq. ft. - $1.79 Last Quarter: $1.74 Discount / Concessions 5.7% $1,000 6% $875 5% $750 4% $625 $500 3% $375 2% $250 1% 0% $125 14Q2 14Q4 15Q2 Line: Percent Vacant County Overview Last Quarter: 5.4% 15Q4 16Q2 16Q4 17Q2 Adams 3.9% 12.0% Arapahoe 4.8% Boulder/Broomfield 1,723 Last Quarter: 5,552 18Q4 19Q2 PREV. YEAR Average Rent Rate (/sq. ft.) $1,403 $1.69 $1,447 $1.69 3.6% $1,680 $1.91 Denver 5.3% $1,582 $1.93 Douglas 7.6% $1,633 $1.73 Jefferson 5.4% $1,490 $1.74 SPONSORED BY: $0 ARROWS DESIGNATE CHANGE SINCE PREVIOUS QUARTER Economic Vacancy Net Absorption (Units) 18Q2 Bar: Average Rent (in dollars) Vacancy Rate Last Quarter: 11.6% 17Q4 4 Visit www.aamdhq.org and register to receive the full quarterly Vacancy & Rent Survey: AUTHORS: Ron L. Throupe, Ph.D, Daniels College of Business, University of Denver Jennifer L. Von Stroh, Colorado Economic and Management AUGUST Associates www.aamdhq.org 2019 TRENDS | 41