February 2024 | Page 28

EXECUTIVE SUMMARY • 4TH QUARTER 2023
DENVER METRO

Metro Denver Vacancy & Rent Report

EXECUTIVE SUMMARY • 4TH QUARTER 2023

5.8 %

VACANCY RATE
Last Quarter : 5.4 %

$ 1,870

AVERAGE RENT
Last Quarter : $ 1,888

$ 2.17

RENT / SQ . FT .
Last Quarter : $ 2.19
Line : Percent Vacant Bar : Average Rent ( in dollars )
PAST YEAR
INVENTORY

414,555

TOTAL UNITS

3,476

NEW UNITS
4th Quarter 2023

1,452

NET ABSORPTION
4th Quarter 2023

13,246

NEW UNITS
2023 Year to Date

11,613

NET ABSORPTION
2023 Year to Date
COUNTY OVERVIEW
ARROWS DESIGNATE CHANGE SINCE PREVIOUS QUARTER
VACANCY AVG RENT RENT / SF
Adams
6.1 %
$ 1,725
$ 2.07
Arapahoe
5.8 %
$ 1,794
$ 2.04
Boulder / Broomfield
5.6 %
$ 1,950
$ 2.20
Denver
6.1 %
$ 1,909
$ 2.31
Douglas
6.1 %
$ 2,006
$ 2.10
Jefferson
5.1 %
$ 1,874
$ 2.16
26 | TRENDS FEBRUARY 2024 www . aamdhq . org