DENVER METRO
APARTMENT VACANCY & RENT
4TH QUARTER 2016 SUMMARY
Vacancy Rate
6.2 % Last Quarter: 5.1 %
Average Rent
$ 1,347
Last Quarter: $ 1,368-
Average per sq. ft.
$ 1.58 Last Quarter: $ 1.60
Discount / Concessions
4.4 % Last Quarter: 5.3 %
Economic Vacancy
11.3 % Last Quarter: 10.9 %
Net Absorption( Units)
-1,437
Last Quarter: 3,641
PREV. YEAR
Line: Percent Vacant Bar: Average Rent( in dollars)
County Overview
ARROWS DESIGNATE CHANGE SINCE PREVIOUS QUARTER
|
Vacancy Rate |
Average Rent |
Rate(/ sq. ft.) |
Adams |
6.1 % |
$ 1,251 |
$ 1.49 |
Arapahoe |
6.6 % |
$ 1,290 |
$ 1.50 |
Boulder / Broomfield |
5.5 % |
$ 1,499 |
$ 1.71 |
Denver |
7.2 % |
$ 1,376 |
$ 1.69 |
Douglas |
5.8 % |
$ 1,495 |
$ 1.55 |
Jefferson |
4.4 % |
$ 1,308 |
$ 1.51 |
SPONSORED BY:
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www. aamdhq. org
AUTHORS: Ron L. Throupe, Ph. D, Daniels College of Business, University of Denver
Jennifer L. Von Stroh, Colorado Economic and Management Associates
FEBRUARY 2017 • TRENDS | 19