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 |
www . aamdhq . org FEBRUARY 2023 TRENDS | 33