DENVER METRO
APARTMENT VACANCY & RENT
1ST QUARTER 2019 SUMMARY
10%
Vacancy Rate
$1,481
Last Quarter: $1.70
-
-
Discount / Concessions
5.4%
Last Quarter: 4.3%
Economic Vacancy
11.6%
Last Quarter: 10.6%
Net Absorption (Units)
5,552
Last Quarter: 2,783
$1,125
7%
Average per sq. ft.
$1.74
$1,250
8%
Last Quarter: 5.8%
Last Quarter: $1,456
$1,375
9%
5.4%
Average Rent
$1,500
$1,000
6% $875
5% $750
4% $625
$500
3%
$375
2%
$250
1%
0%
$125
14Q1
14Q3
15Q1
15Q3
Line: Percent Vacant
County Overview
16Q1
16Q3
17Q1
17Q3
18Q1
Bar: Average Rent (in dollars)
18Q3
19Q1
PREV. YEAR
ARROWS DESIGNATE CHANGE SINCE PREVIOUS QUARTER
Vacancy Rate
Adams 4.8%
Arapahoe 5.4%
Boulder/Broomfield
Average Rent
Rate (/sq. ft.)
$1,373 $1.64
$1,419 $1.64
4.6% $1,615 $1.82
Denver 5.8% $1,507 $1.87
Douglas 7.3% $1,617 $1.72
Jefferson 4.4% $1,462 $1.70
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4
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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
www.aamdhq.org
MAY 2019 TRENDS | 21