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