DENVER METRO
Metro Denver Vacancy & Rent Report
EXECUTIVE SUMMARY • 4TH QUARTER 2024
6.9 %
VACANCY RATE
Last Quarter : 5.3 %
|
$ 1,842
AVERAGE RENT
Last Quarter : $ 1,911
|
|
|
-1.5 %
12 MONTH CHANGE
4th QUARTER 2023 : $ 1,870
$ 2.14
RENT / SQ . FT .
Last Quarter : $ 2.21
Line : Percent Vacant Bar : Average Rent ( in dollars )
PAST YEAR
INVENTORY
434,465
TOTAL UNITS
2,228
NEW UNITS
4th Quarter 2024
-4,862
NET ABSORPTION
4th Quarter 2024
19,910
NEW UNITS
Previous 12 Months
14,082
NET ABSORPTION
Previous 12 Months
COUNTY OVERVIEW
ARROWS DESIGNATE CHANGE SINCE PREVIOUS QUARTER
VACANCY AVG RENT RENT / SF
Adams |
7.2 % |
$ 1,705 |
$ 2.03 |
Arapahoe |
7.2 % |
$ 1,746 |
$ 1.99 |
Boulder / Broomfield |
6.0 % |
$ 1,959 |
$ 2.29 |
Denver |
7.5 % |
$ 1,867 |
$ 2.26 |
Douglas |
6.0 % |
$ 2,013 |
$ 2.09 |
Jefferson |
5.7 % |
$ 1,864 |
$ 2.15 |
www . aamdhq . org 25 | TRENDS FEBRUARY 2025