DENVER METRO
APARTMENT
VACANCY & RENT
Metro Denver Vacancy
& Rent Report
EXECUTIVE SUMMARY • 4TH
Q 4TH
U A R QUARTER
T E R 2 0 1 9 2019
SUMMARY
Vacancy Rate
5.3%
Last Quarter: 4.7%
Average Rent
$1,503
Last Quarter: $1,506
-
Average per sq. ft.
$1.77
Last Quarter: $1.79
Line: Percent Vacant
Discount / Concessions
4.9%
Last Quarter: 4.1%
Economic Vacancy
11.3%
Last Quarter: 9.5%
Net Absorption (Units)
638
Last Quarter: 2,917
PREV. YEAR
Bar: Average Rent (in dollars)
County Overview
ARROWS DESIGNATE CHANGE SINCE PREVIOUS QUARTER
Vacancy Rate
Average Rent
Rate (/sq. ft.)
Adams 4.8% $1,400 $1.68
Arapahoe 4.8% $1,432 $1.67
Boulder/Broomfield 5.6% $1,659 $1.86
Denver 6.0% $1,557 $1.90
Douglas 5.8% $1,610 $1.70
Jefferson 5.1% $1,474 $1.73
SPONSORED BY:
Yearly Economic Vacancy
(Average of all four quarters)
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Hottest
Sub-Markets
register
to receive the full
quarterly
Vacancy & Rent
Survey:
Aurora - North
Denver
- City Park
2.4% 3.3%
Boulder - University Aurora - Central SE
Wheat Ridge Aurora - Central NW
2.5%
3.4%
AUTHORS: Ron L. Throupe, Ph.D, Daniels College of Business, University of Denver
2.8%
3.7%
Jennifer L. Von Stroh, Colorado Economic and Management Associates
www.aamdhq.org
JANUARY 2020
TRENDS | 35