DENVER METRO
Metro Denver Vacancy & Rent Report
EXECUTIVE SUMMARY • 1ST QUARTER 2023
5.6 %
VACANCY RATE
Last Quarter : 5.6 %
$ 1,846
AVERAGE RENT
Last Quarter : $ 1,838
$ 2.15
RENT / SQ . FT .
Last Quarter : $ 2.13
PAST YEAR
Line : Percent Vacant Bar : Average Rent ( in dollars )
INVENTORY
404,880
TOTAL UNITS
3,571
NEW UNITS
1st Quarter 2023
3,488
NET ABSORPTION
1st Quarter 2023
3,571
NEW UNITS
2023 Year to Date
3,488
NET ABSORPTION
2023 Year to Date
COUNTY OVERVIEW
ARROWS DESIGNATE CHANGE SINCE PREVIOUS QUARTER
VACANCY AVE RENT RATE / SQ . FT .
Adams |
5.8 % |
$ 1,686 |
$ 2.02 |
Arapahoe |
5.5 % |
$ 1,754 |
$ 2.01 |
Boulder / Broomfield |
5.1 % |
$ 1,940 |
$ 2.20 |
Denver |
5.5 % |
$ 1,903 |
$ 2.29 |
Douglas |
6.3 % |
$ 1,973 |
$ 2.06 |
Jefferson |
5.3 % |
$ 1,844 |
$ 2.12 |
www . aamdhq . org MAY 2023 TRENDS | 21