Apartment Trends Magazine August 2015 | Page 20

DENVER METRO

APARTMENT VACANCY & RENT

2ND QUARTER 2015 SUMMARY

Vacancy Rate

4.5%
Last Quarter: 4.9%

10%

$1,300

9%

$1,250
$1,200

8%

$1,150

7%

Average Rent

$1,265
Last Quarter: $1,204
Average per sq. ft.

$1.50

Last Quarter: $1.43

Discount / Concessions

10.0%

Last Quarter: 9.7%

Economic Vacancy

14.5%
Last Quarter: 14.6%
Net Absorption (Units)

4,550

Last Quarter: 185

$1,100

6%

$1,050

5%

$1,000

4%

$950
$900

3%

$850

2%

$800

1%
0%

$750
10Q2

10Q4

11Q2

Line: Percent Vacant

11Q4

12Q2

12Q4

13Q2

13Q4

14Q2

Bar: Average Rent (in dollars)

14Q4

15Q2

$700

PREV. YEAR

County Overview
Vacancy Rate

Average Rent

Rate (/sq. ft.)

Adams

3.9%

$1,179

$1.42

Arapahoe

5.0%

$1,224

$1.42

Boulder/Broomfield

4.8%

$1,442

$1.68

Denver

4.9%

$1,279

$1.62

Douglas

3.4%

$1,488

$1.52

Jefferson

3.4%

$1,217

$1.44

4






AUTHORS: Ron L. Throupe, Ph.D, Daniels College of Business, University of Denver

Jennifer L. Von Stroh, Colorado Economic and Management Associates
18 | TRENDS •AUGUST 2015

www.aamdhq.org