Metro Denver Vacancy & Rent Report
EXECUTIVE SUMMARY • 2ND QUARTER 2022
Vacancy Rate
4.7 % Last Quarter : 4.3 %
Average Rent
$ 1,860
Last Quarter : $ 1,766 -
Average per sq . ft .
$ 2.20 Last Quarter : $ 2.06
Discount / Concessions
9.5 % Last Quarter : 9.2 %
Economic Vacancy
14.4 % Last Quarter : 13.8 %
Net Absorption ( Units )
2,227
Last Quarter : 457
Line : Percent Vacant Bar : Average Rent ( in dollars )
County Overview
ARROWS DESIGNATE CHANGE SINCE PREVIOUS QUARTER
PREV . YEAR
|
Vacancy Rate |
Average Rent |
Rate (/ sq . ft .) |
Adams |
4.1 % |
$ 1,685 |
$ 2.11 |
Arapahoe |
5.0 % |
$ 1,803 |
$ 2.06 |
Boulder / Broomfield |
3.2 % |
$ 2,055 |
$ 2.25 |
Denver |
5.6 % |
$ 1,877 |
$ 2.35 |
Douglas |
3.8 % |
$ 2,119 |
$ 2.20 |
Jefferson |
3.7 % |
$ 1,838 |
$ 2.15 |
Yearly Economic Vacancy ( Average of all four quarters )
Hottest Sub-Markets
Castle Rock
1.7 %
Longmont
2.2 %
Arvada
2.6 %
Boulder - Other
2.6 %
Denver Southwest 2.8 %
Boulder - Exc . Univ . 2.9 % www . aamdhq . org AUGUST 2022 TRENDS | 41