Apartment Trends Magazine February 2015 | Page 22

DENVER METRO APARTMENT VACANCY & RENT FOURTH QUARTER 2014 SUMMARY Vacancy Rate 4.7% Last Quarter: 3.9% Average Rent $1,168.65 Last Quarter: $1,145.49 10% $1,150 9% $1,100 8% $1,050 7% 6% $1,000 5% Average per sq. ft. $1.39 Last Quarter:$1.36 Discount / Concessions 8.7% Last Quarter: 9.3% Economic Vacancy 13.3% Last Quarter: 13.0% $950 4% 3% $900 2% $850 1% 0% 09 Q4 10Q2 10Q4 Line: Percent Vacant 11Q2 11Q4 12Q2 12Q4 13Q2 13Q4 Bar: Average Rent (in dollars) 14Q2 14Q4 $800 PREV. YEAR County Overview Vacancy Rate Average Rent Rate (/sq. ft.) Adams 3.7% $1,096.11 $1.33 Arapahoe 4.9% $1,120.14 $1.31 Boulder/Broomfield 7.2% $1,329.54 $1.55 Last Quarter: 4,470 Denver 4.6% $1,183.28 $1.51 Total Inventory (Units) Douglas 4.0% $1,384.25 $1.42 305,708 Jefferson 3.8% $1,123.56 $1.31 Net Absorption (Units) -1,021 3 SPONSORED BY: Colorado Division of Housing AUTHORS: Ron L. Throupe, Ph.D, Daniels College of Business, University of Denver Jennifer L. Von Stroh, Colorado Economic and Management Associates 20 | TRENDS • FEBRUARY 2015 www.aamdhq.org