Apartment Trends Magazine Nov / Dec 2017 | Page 11

DENVER METRO
APARTMENT VACANCY & RENT
3RD QUARTER 2017 SUMMARY
Vacancy Rate
5.4%
$1,412
Last Quarter: $1,420
$1,500
9% $1,375
$1,250
8%
Last Quarter: 5.0%
Average Rent
10%
$1,125
7%
-
Average per sq. ft.
$1.65
Last Quarter: $1.67
Discount / Concessions
5.4%
Last Quarter: 7.2%
Economic Vacancy
11.5%
Last Quarter: 12.9%
Net Absorption (Units)
2,869
Last Quarter: 4,348
$1,000
6%
$875
5% $750
4% $625
$500
3%
$375
2%
$250
1%
0%
$125
12Q3
13Q1
13Q3
Line: Percent Vacant
County Overview
14Q1
14Q3
15Q1
15Q3
16Q1
16Q3
17Q1
17Q3
$0
PREV. YEAR
Bar: Average Rent (in dollars)
ARROWS DESIGNATE CHANGE SINCE PREVIOUS QUARTER
Vacancy Rate
Adams 5.3%
Arapahoe 4.5%
Boulder/Broomfield
Average Rent
Rate (/sq. ft.)
$1,313 $1.59
$1,343 $1.56
3.8% $1,557 $1.75
Denver 6.8% $1,457 $1.76
Douglas 5.8% $1,532 $1.60
Jefferson 4.4% $1,370 $1.60
5
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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
NOV/DEC 2017 • TRENDS | 9