EXECUTIVE SUMMARY • 2ND QUARTER 2024
DENVER METRO
Metro Denver Vacancy & Rent Report
EXECUTIVE SUMMARY • 2ND QUARTER 2024
5.6 %
VACANCY RATE
Last Quarter : 5.8 %
$ 1,903
AVERAGE RENT
Last Quarter : $ 1,875
$ 2.21
RENT / SQ . FT .
Last Quarter : $ 2.18
Line : Percent Vacant Bar : Average Rent ( in dollars )
PAST YEAR
INVENTORY
427,098
TOTAL UNITS
7,399
NEW UNITS
2nd Quarter 2024
7,892
NET ABSORPTION
2nd Quarter 2024
18,831
NEW UNITS
Previous 12 Months
17,446
NET ABSORPTION
Previous 12 Months
COUNTY OVERVIEW
ARROWS DESIGNATE CHANGE SINCE PREVIOUS QUARTER
VACANCY AVG RENT RENT / SF
Adams |
5.9 % |
$ 1,777 |
$ 2.12 |
Arapahoe |
5.3 % |
$ 1,819 |
$ 2.07 |
Boulder / Broomfield |
4.8 % |
$ 2,004 |
$ 2.26 |
Denver |
6.0 % |
$ 1,937 |
$ 2.34 |
Douglas |
5.3 % |
$ 2,048 |
$ 2.14 |
Jefferson |
5.3 % |
$ 1,906 |
$ 2.19 |
38 | TRENDS AUGUST 2024 www . aamdhq . org