DENVER METRO
Metro Denver Vacancy & Rent Report
EXECUTIVE SUMMARY • 1ST QUARTER 2025
7.0 %
VACANCY RATE
Last Quarter 6.9 % This Quarter w2024 5.8 % This Quarter 2023 5.6 %
$ 1,819
AVERAGE RENT
Last Quarter $ 1,842
This Quarter 2024 $ 1,875 This Quarter 2023 $ 1,846
$ 2.11
RENT / SQ. FT.
Last Quarter $ 2.14 This Quarter 2024 $ 2.18 This Quarter 2023 $ 2.15
VACANCY RATE THREE YEAR TREND AVERAGE RENT THREE YEAR TREND
COUNTY OVERVIEW ARROWS DESIGNATE CHANGE SINCE PREVIOUS QUARTER AGE OF BUILDING
VACANCY AVG RENT RENT / SF DECADE BUILT
AVERAGE RENT
Adams |
7.1 % |
$ 1,676 |
$ 2.00 |
Arapahoe |
7.3 % |
$ 1,716 |
$ 1.95 |
Boulder / Broomfield |
5.9 % |
$ 1,930 |
$ 2.17 |
Denver |
7.7 % |
$ 1,843 |
$ 2.23 |
Douglas |
5.8 % |
$ 1,998 |
$ 2.07 |
Jefferson |
5.9 % |
$ 1,853 |
$ 2.14 |
DENVER METRO |
7.0 % |
$ 1,819 |
$ 2.11 |
Pre-1970 |
$ 1,586 |
1970-1979 |
$ 1,497 |
1980-1989 |
$ 1,700 |
1990-1999 |
$ 2,001 |
2000-2009 |
$ 2,068 |
2010-2019 |
$ 2,248 |
2020-now |
$ 2,340 |
INVENTORY
440,521
TOTAL NUMBER OF UNITS
1ST QUARTER 2025
6,056
NEW UNITS
5,455
NET ABSORPTION
PREVIOUS 12 MONTHS
20,822
NEW UNITS
14,504
NET ABSORPTION www. aamdhq. org 17 | TRENDS MAY 2025