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