Apartment Trends Magazine February 2018 | Page 29
DENVER METRO
APARTMENT
VACANCY & RENT
Metro Denver Vacancy
& Rent Report
Q U 4TH
A R T QUARTER
E R 2 0 1 7 2017 SUMMARY
EXECUTIVE SUMMARY • 4TH
$1,500
Vacancy Rate
6.4%
$1,400
Last Quarter: 5.4%
$1,300
$1,200
Average Rent
-
$1,396
Last Quarter: $1,412
$1,100
$1,000
Average per sq. ft.
$900
$1.63
Last Quarter: $1.65
$800
12Q4
13Q2
13Q4
14Q2
Line: Percent Vacant
Discount / Concessions
4.6%
14Q4
11.7%
Last Quarter: 11.5%
Net Absorption (Units)
-59
Last Quarter: 2,869
17Q4
Average Rent
Rate (/sq. ft.)
$1.57
Arapahoe 4.9% 6
$1,332 $1.54
Boulder/Broomfield 5.9% $1,522 $1.69
Denver 7.2% $1,432 $1.74
Douglas 10.1% $1,527 $1.59
Jefferson 6.7% $1,386 $1.62
SPONSORED BY:
(Average of all four quarters)
Hottest Sub-Markets
Boulder-University Denver - Wash. Park
Denver - City Park Commerce City
Wheat Ridge Longmont
1.9%
24.3%
23.3%
17.0% 16.6%
15.2%
13.7%
12.7% 13.1%
14.1%
12.4% 12.2%
2.2%
3.0%
3.3%
AUTHORS: Ron L. Throupe, Ph.D, Daniels College of Business, University of Denver
3.3%
Jennifer L. Von Stroh, Colorado Economic and 2.3%
Management Associates
2002
2003
2004
www.aamdhq.org
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
$700
PREV. YEAR
$1,306
25.1%
17.7%
17Q2
5.9%
18.5%
16Q4
Adams
Yearly Economic Vacancy
17.5%
16Q2
ARROWS DESIGNATE CHANGE SINCE PREVIOUS QUARTER
Vacancy Rate
Economic Vacancy
23.4%
15Q4
Bar: Average Rent (in dollars)
County Overview
Last Quarter: 5.4%
15Q2
2016
2017
FEBRUARY 2018 • TRENDS | 27