MARKET OUTLOOK
1st Quarter 2021 Vacancy & Rent Overview
Vacancy Rate
5.5 % Last Quarter : 5.8 %
Average Rent
$ 1,544
Last Quarter : $ 1,510 -
Average per sq . ft .
$ 1.81 Last Quarter : $ 1.77
Discount / Concessions
7.9 % Last Quarter : 4.4 %
Economic Vacancy
14.0 % Last Quarter : 10.9 %
Net Absorption ( Units )
2,205 Last Quarter : 1,912
Line : Percent Vacant Bar : Average Rent ( in dollars ) PREV . YEAR
County Overview
ARROWS DESIGNATE CHANGE SINCE PREVIOUS QUARTER
|
Vacancy Rate |
Average Rent |
Rate (/ sq . ft .) |
Adams |
5.8 % |
$ 1,474 |
$ 1.77 |
Arapahoe |
4.7 % |
$ 1,460 |
$ 1.71 |
Boulder / Broomfield |
6.3 % |
$ 1,724 |
$ 1.88 |
Denver |
6.9 % |
$ 1,573 |
$ 1.91 |
Douglas |
4.0 % |
$ 1,663 |
$ 1.75 |
Jefferson |
4.2 % |
$ 1,535 |
$ 1.78 |
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AUTHORS :
Ron L . Throupe , Ph . D , Daniels College of Business , University of Denver Jennifer L . Von Stroh , Colorado Economic and Management Associates www . aamdhq . org MAY 2021 TRENDS | 37