Apartment Trends Magazine August 2016 | Page 31
DENVER METRO
APARTMENT VACANCY & RENT
2ND QUARTER 2016 SUMMARY
Vacancy Rate
10%
5.4%
Last Quarter: 6.1%
$1,400
$1,342
9%
$1,283
8%
$1,225
7%
Average Rent
$1,371
Last Quarter: $1,315
-
Average per sq. ft.
$1.60
Last Quarter: $1.55
-
Discount / Concessions
8.2%
Last Quarter: 6.7%
Economic Vacancy
14.3%
Last Quarter: 13.0%
Net Absorption (Units)
4,189
Last Quarter: 4,663
$1,167
6%
$1,108
5%
$1,050
$992
4%
$933
3%
$875
2%
$817
1%
0%
$758
11Q2
11Q4
12Q2
Line: Percent Vacant
12Q4
13Q2
13Q4
14Q2
14Q4
15Q2
Bar: Average Rent (in dollars)
15Q4
16Q2
$700
PREV. YEAR
County Overview
Vacancy Rate
Average Rent
Rate (/sq. ft.)
Adams
6.4%
$1,317
$1.55
Arapahoe
4.8%
$1,299
$1.52
Boulder/Broomfield
5.9%
$1,526
$1.67
Denver
5.4%
$1,391
$1.71
Douglas
7.7%
$1,543
$1.60
Jefferson
4.1%
$1,329
$1.54
4
SPONSORED BY:
AUTHORS: Ron L. Throupe, Ph.D, Daniels College of Business, University of Denver
Jennifer L. Von Stroh, Colorado Economic and Management Associates
www.aamdhq.org
AUGUST 2016 • TRENDS | 29