Apartment Trends Magazine August 2017

DENVER METRO APARTMENT VACANCY & RENT 2ND QUARTER 2017 SUMMARY Vacancy Rate 10% 5.0% $1,420 Last Quarter: $1,382 $1,375 9% $1,250 8% Last Quarter: 5.7% Average Rent $1,500 $1,125 7% - Average per sq. ft. $1.67 Last Quarter: $1.62 Discount / Concessions 7.2% Last Quarter: 6.2% Economic Vacancy 12.9% Last Quarter: 12.5% Net Absorption (Units) 4,348 Last Quarter: 4,664 $1,000 6% $875 5% $750 $625 4% $500 3% $375 2% $250 1% 0% $125 12Q2 12Q4 13Q2 Line: Percent Vacant County Overview 13Q4 14Q2 14Q4 15Q2 15Q4 16Q2 16Q4 17Q2 $0 PREV. YEAR Bar: Average Rent (in dollars) ARROWS DESIGNATE CHANGE SINCE PREVIOUS QUARTER Vacancy Rate Adams 5.2% Arapahoe 4.3% Boulder/Broomfield Average Rent Rate (/sq. ft.) $1,338 $1.59 $1,362 $1.60 5.1% $1,605 $1.80 Denver 6.5% $1,439 $1.78 Douglas 4.7% $1,554 $1.60 Jefferson 4.7% $1,371 $1.60 5 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 2017 • TRENDS | 21

Apartment Trends Magazine August 2017 | Page 23