EXECUTIVE SUMMARY • 2ND QUARTER 2023
DENVER METRO
Metro Denver Vacancy & Rent Report
EXECUTIVE SUMMARY • 2ND QUARTER 2023
5.5 %
VACANCY RATE
Last Quarter : 5.6 %
$ 1,878
AVERAGE RENT
Last Quarter : $ 1,846
$ 2.18
RENT / SQ . FT .
Last Quarter : $ 2.15
PAST YEAR
Line : Percent Vacant Bar : Average Rent ( in dollars )
INVENTORY
409,310
TOTAL UNITS
4,430
NEW UNITS
2nd Quarter 2023
4,591
NET ABSORPTION
2nd Quarter 2023
8,001
NEW UNITS
2023 Year to Date
8,079
NET ABSORPTION
2023 Year to Date
COUNTY OVERVIEW
ARROWS DESIGNATE CHANGE SINCE PREVIOUS QUARTER
VACANCY AVE RENT RATE / SQ . FT .
Adams |
5.8 % |
$ 1,717 |
$ 2.06 |
Arapahoe |
5.4 % |
$ 1,786 |
$ 2.05 |
Boulder / Broomfield |
4.8 % |
$ 1,980 |
$ 2.25 |
Denver |
5.5 % |
$ 1,925 |
$ 2.32 |
Douglas |
6.1 % |
$ 2,023 |
$ 2.11 |
Jefferson |
5.4 % |
$ 1,886 |
$ 2.16 |
www . aamdhq . org AUGUST 2023 TRENDS | 11