May 2023 | Page 23

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
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