February 2023 | Page 35

EXECUTIVE SUMMARY • 4TH QUARTER 2022

Metro Denver Vacancy & Rent Report

EXECUTIVE SUMMARY • 4TH QUARTER 2022

5.6 %

VACANCY RATE
Last Quarter : 4.8 %

$ 1,838

AVERAGE RENT
Last Quarter : $ 1,870

$ 2.13

RENT / SQ . FT .
Last Quarter : $ 2.17
REVISED SOURCE DATA FROM APARTMENT INSIGHTS
Line : Percent Vacant Bar : Average Rent ( in dollars )
INVENTORY

392,593

TOTAL UNITS

3,215

NEW UNITS
4th Quarter 2022

-367

NET ABSORPTION
4th Quarter 2022

10,992

NEW UNITS
2022 Year to Date

6,933

NET ABSORPTION
2022 Year to Date
COUNTY OVERVIEW
ARROWS DESIGNATE CHANGE SINCE PREVIOUS QUARTER
VACANCY AVE RENT RATE / SQ . FT .
Adams
5.5 %
$ 1,679
$ 2.01
Arapahoe
5.5 %
$ 1,736
$ 1.99
Boulder / Broomfield
5.0 %
$ 1,936
$ 2.20
Denver
6.0 %
$ 1,900
$ 2.28
Douglas
6.1 %
$ 1,966
$ 2.05
Jefferson
5.3 %
$ 1,836
$ 2.11
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