EXECUTIVE SUMMARY • 3RD QUARTER 2023
DENVER METRO
Metro Denver Vacancy & Rent Report
EXECUTIVE SUMMARY • 3RD QUARTER 2023
5.4 %
VACANCY RATE
Last Quarter : 5.5 %
$ 1,888
AVERAGE RENT
Last Quarter : $ 1,878
$ 2.19
RENT / SQ . FT .
Last Quarter : $ 2.19
PAST YEAR
Line : Percent Vacant Bar : Average Rent ( in dollars )
INVENTORY
411,079
TOTAL UNITS
2,812
NEW UNITS
3rd Quarter 2023
3,164
NET ABSORPTION
3rd Quarter 2023
10,258
NEW UNITS
2023 Year to Date
10,258
NET ABSORPTION
2023 Year to Date
COUNTY OVERVIEW
ARROWS DESIGNATE CHANGE SINCE PREVIOUS QUARTER
VACANCY AVE RENT RATE / SQ . FT .
Adams |
5.5 % |
$ 1,725 |
$ 2.07 |
Arapahoe |
5.5 % |
$ 1,795 |
$ 2.05 |
Boulder / Broomfield |
4.7 % |
$ 2,009 |
$ 2.27 |
Denver |
5.6 % |
$ 1,924 |
$ 2.32 |
Douglas |
5.4 % |
$ 2,044 |
$ 2.13 |
Jefferson |
4.9 % |
$ 1,910 |
$ 2.19 |
www . aamdhq . org NOV / DEC 2023 TRENDS | 49