DENVER METRO
APARTMENT VACANCY & RENT
3RD QUARTER 2016 SUMMARY
Vacancy Rate
5.1 % Last Quarter : 5.4 %
Average Rent
$ 1,368
Last Quarter : $ 1,371 -
Average per sq . ft .
$ 1.60
Last Quarter : $ 1.60 -
Discount / Concessions
5.4 % Last Quarter : 8.2 %
Economic Vacancy
10.9 % Last Quarter : 14.3 %
Net Absorption ( Units )
3,641 Last Quarter : 4,189
10 %
9 %
8 %
7 %
6 %
5 %
4 %
3 %
2 %
1 %
0 %
$ 1,400 $ 1,342 $ 1,283 $ 1,225 $ 1,167 $ 1,108 $ 1,050 $ 992 $ 933 $ 875 $ 817 $ 758 $ 700
11Q3 12Q1 12Q3 13Q1 13Q3 14Q1 14Q3 15Q1 15Q3 16Q1 16Q3
PREV . YEAR
Line : Percent Vacant Bar : Average Rent ( in dollars )
County Overview
|
Vacancy Rate |
Average Rent |
Rate (/ sq . ft .) |
Adams |
5.0 % |
$ 1,265 |
$ 1.51 |
Arapahoe |
4.9 % |
$ 1,303 |
$ 1.51 |
Boulder / Broomfield |
5.2 % |
$ 1,511 |
$ 1.68 |
Denver |
5.5 % |
$ 1,404 |
$ 1.72 |
Douglas |
6.0 % |
$ 1,509 |
$ 1.55 |
Jefferson |
4.1 % |
$ 1,343 |
$ 1.55 |
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
JANUARY 2017 • TRENDS | 21