Metro Denver Vacancy & Rent Report
EXECUTIVE SUMMARY • 2ND QUARTER 2021
Vacancy Rate
3.7 % Last Quarter : 5.5 %
Average Rent
$ 1,651
Last Quarter : $ 1,544 -
Average per sq . ft .
$ 1.93 Last Quarter : $ 1.81
Discount / Concessions
11.6 % Last Quarter : 7.9 %
Economic Vacancy
16.0 % Last Quarter : 14.0 %
Net Absorption ( Units )
10,298
Last Quarter : 2,205
Line : Percent Vacant Bar : Average Rent ( in dollars ) PREV . YEAR
County Overview
ARROWS DESIGNATE CHANGE SINCE PREVIOUS QUARTER
|
Vacancy Rate |
Average Rent |
Rate (/ sq . ft .) |
Adams |
4.1 % |
$ 1,589 |
$ 1.91 |
Arapahoe |
3.3 % |
$ 1,570 |
$ 1.82 |
Boulder / Broomfield |
3.3 % |
$ 1,952 |
$ 2.10 |
Denver |
4.0 % |
$ 1,671 |
$ 2.04 |
Douglas |
2.2 % |
$ 1,797 |
$ 1.91 |
Jefferson |
4.4 % |
$ 1,584 |
$ 1.87 |
Yearly Economic Vacancy ( Average of all four quarters )
Hottest Sub-Markets
Denver - City Park
0.7 %
Longmont
1.0 %
Aurora - North
1.7 %
Denver - NE
2.0 %
Broomfield
2.0 %
Arapahoe - South 2.1 % www . aamdhq . org AUGUST 2021 TRENDS | 37