EXECUTIVE SUMMARY • 3RD QUARTER 2024
DENVER METRO
Metro Denver Vacancy & Rent Report
EXECUTIVE SUMMARY • 3RD QUARTER 2024
5.3 %
VACANCY RATE
Last Quarter : 5.6 %
|
$ 1,911
AVERAGE RENT
Last Quarter : $ 1,903
|
|
|
+ 1.2 %
12 MONTH CHANGE
3RD QUARTER 2023 : $ 1,888
$ 2.22
RENT / SQ . FT .
Last Quarter : $ 2.21
Line : Percent Vacant Bar : Average Rent ( in dollars )
PAST YEAR
INVENTORY
432,237
TOTAL UNITS
5,139
NEW UNITS
3rd Quarter 2024
6,018
NET ABSORPTION
3rd Quarter 2024
21,158
NEW UNITS
Previous 12 Months
20,395
NET ABSORPTION
Previous 12 Months
COUNTY OVERVIEW
ARROWS DESIGNATE CHANGE SINCE PREVIOUS QUARTER
VACANCY AVG RENT RENT / SF
Adams |
5.4 % |
$ 1,792 |
$ 2.14 |
Arapahoe |
5.2 % |
$ 1,833 |
$ 2.09 |
Boulder / Broomfield |
4.3 % |
$ 2,027 |
$ 2.29 |
Denver |
5.8 % |
$ 1,934 |
$ 2.34 |
Douglas |
4.9 % |
$ 2,047 |
$ 2.14 |
Jefferson |
5.1 % |
$ 1,913 |
$ 2.21 |
www . aamdhq . org 15 | TRENDS NOV / DEC 2024