DENVER METRO
APARTMENT VACANCY & RENT
2ND QUARTER 2020 SUMMARY
Vacancy Rate
5.1%
Last Quarter: 5.9%
Average Rent
$1,506
Last Quarter: $1,536 -
Average per sq. ft.
$1.78
Last Quarter: $1.79
Discount / Concessions
5.6%
Last Quarter: 5.7%
Economic Vacancy
12.1%
Last Quarter: 13.3%
Net Absorption (Units)
3,801
Last Quarter: -429
Line: Percent Vacant Bar: Average Rent (in dollars) PREV. YEAR
County Overview
ARROWS DESIGNATE CHANGE SINCE PREVIOUS QUARTER
Vacancy Rate Average Rent Rate (/sq. ft.)
Adams 3.4% $1,423 $1.72
Arapahoe 4.1% $1,456 $1.68
Boulder/Broomfield 5.2% $1,593 $1.80
Denver 6.9% $1,539 $1.91
Douglas 4.4% $1,597 $1.69
Jefferson 5.1% $1,506 $1.76
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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
AUGUST 2020 TRENDS | 29