Apartment Trends Magazine February 2016 | Page 23
DENVER METRO
APARTMENT VACANCY & RENT
4TH QUARTER 2015 SUMMARY
Vacancy Rate
6.8%
10%
$1,400
9%
$1,342
$1,283
8%
Last Quarter: 5.0%
$1,225
7%
Average Rent
$1,292
Last Quarter: $1,292
-
Average per sq. ft.
$1.52
Last Quarter: $1.52
-
Discount / Concessions
6.1%
Last Quarter: 7.9%
Economic Vacancy
13.7%
Last Quarter: 13.6%
Net Absorption (Units)
-4,247
Last Quarter: 376
$1,167
6%
$1,108
5%
$1,050
$992
4%
$933
3%
$875
2%
$817
1%
0%
$758
10Q4
11Q2
11Q4
Line: Percent Vacant
12Q2
12Q4
13Q2
13Q4
14Q2
14Q4
Bar: Average Rent (in dollars)
15Q2
15Q4
$700
PREV. YEAR
County Overview
Vacancy Rate
Average Rent
Rate (/sq. ft.)
Adams
5.6%
$1,197
$1.44
Arapahoe
6.2%
$1,229
$1.44
Boulder/Broomfield
7.6%
$1,494
$1.67
Denver
7.6%
$1,314
$1.64
Douglas
9.3%
$1,446
$1.49
Jefferson
5.3%
$1,266
$1.46
4
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
FEBRUARY 2016 • TRENDS | 21