Apartment Trends Magazine February 2016 | Page 23

DENVER METRO

APARTMENT VACANCY & RENT

4TH QUARTER 2015 SUMMARY

Vacancy Rate

6.8%

10%

$1,400

9%

$1,342
$1,283

8%

Last Quarter: 5.0%

$1,225

7%

Average Rent

$1,292
Last Quarter: $1,292

-

Average per sq. ft.

$1.52

Last Quarter: $1.52

-

Discount / Concessions

6.1%

Last Quarter: 7.9%

Economic Vacancy

13.7%
Last Quarter: 13.6%
Net Absorption (Units)

-4,247

Last Quarter: 376

$1,167

6%

$1,108

5%

$1,050
$992

4%

$933

3%

$875

2%

$817

1%
0%

$758
10Q4

11Q2

11Q4

Line: Percent Vacant

12Q2

12Q4

13Q2

13Q4

14Q2

14Q4

Bar: Average Rent (in dollars)

15Q2

15Q4

$700

PREV. YEAR

County Overview
Vacancy Rate

Average Rent

Rate (/sq. ft.)

Adams

5.6%

$1,197

$1.44

Arapahoe

6.2%

$1,229

$1.44

Boulder/Broomfield

7.6%

$1,494

$1.67

Denver

7.6%

$1,314

$1.64

Douglas

9.3%

$1,446

$1.49

Jefferson

5.3%

$1,266

$1.46

4






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
FEBRUARY 2016 • TRENDS | 21