EXECUTIVE SUMMARY • 1ST QUARTER 2024
Metro Denver Vacancy & Rent Report
EXECUTIVE SUMMARY • 1ST QUARTER 2024
5.8 %
VACANCY RATE
Last Quarter : 5.8 %
$ 1,875
AVERAGE RENT
Last Quarter : $ 1,870
$ 2.18
RENT / SQ . FT .
Last Quarter : $ 2.17
PAST YEAR
Line : Percent Vacant Bar : Average Rent ( in dollars )
INVENTORY
419,699
TOTAL UNITS
5,144
NEW UNITS
1st Quarter 2024
5,034
NET ABSORPTION
4th Quarter 2023
14,819
NEW UNITS
Previous 12 Months
13,159
NET ABSORPTION
Previous 12 Months
COUNTY OVERVIEW
ARROWS DESIGNATE CHANGE SINCE PREVIOUS QUARTER
VACANCY AVG RENT RENT / SF
Adams |
6.3 % |
$ 1,732 |
$ 2.07 |
Arapahoe |
5.8 % |
$ 1,796 |
$ 2.04 |
Boulder / Broomfield |
5.4 % |
$ 1,953 |
$ 2.20 |
Denver |
5.9 % |
$ 1,915 |
$ 2.32 |
Douglas |
6.1 % |
$ 2,015 |
$ 2.11 |
Jefferson |
5.3 % |
$ 1,879 |
$ 2.16 |
www . aamdhq . org MAY 2024 TRENDS | 23