Apartment Trends Magazine January 2015 | Page 19

Metro Denver Vacancy & Rent Report
EXECUTIVE SUMMARY • 3RD QUAR TER 2014
10%

Vacancy Rate

$1,150

9%

3.9%

$1,100

8%

Last Quarter: 4.7%

$1,050

7%
6%

Average Rent

$1,000

5%

$1,145.49
Last Quarter: $1,117.12

$950

4%
3%

Average per sq. ft.

$900

2%

$1.36

$850

1%
0%

Last Quarter:$1.32

09 Q3

Discount / Concessions

10Q3

11Q3

12Q3

13Q3

Bar: Average Rent (in dollars)

Line: Percent Vacant

14Q3

$800

PREV. YEAR

County Overview

9.1%

Last Quarter: 9.3%

Vacancy Rate

Average Rent

Rate (/sq. ft.)

$1,066.70

$1.29

$1112.87

$1.29

Economic Vacancy

Adams

3.9%

13.0%

Arapahoe

4.6%

Boulder/Broomfield

3.3%

$1,287.15

$1.50

Net Absorption (Units)

Denver

3.5%

$1,118.11

$1.44

4,470

Douglas

3.7%

$1,372.28

$1.41

Jefferson

3.2%

$1,155.20

$1.34

Last Quarter: 14.0%

Last Quarter: 3,127

Yearly Economic Vacancy (Average of all four quarters)

3

Hottest Sub-Markets
Denver - Southwest

18.5%

Year

2002

2003

2004

Q1

2003
2004
2005

www.aamdhq.org
2006

2005

2006

2007

17.7%

2008

17.0%

16.6%

2009

2010

15.2%

2011

13.7%

2012

12.7%

2013

13.0%

2.3%

Golden

23.3%

17.5%

2002

1.8%

Denver - Capitol Hill

2.1%

2.7%
Aurora - North

2.2%

24.3%

Boulder- University

Denver - City Park

23.4%

25.1%

2.3%

2014

4TH QUARTERQ42014 Average
NUMBERS TO BE RELEASED AT THE
Q3
17.5%
16.7%
16.9%
20.2%
2015 ECONOMIC CONFERENCE ON JANUARY 14, 2015
23.4%
20.5%
28.5%
23.1%

Q2
16.0%
21.5%
25.7%

25.2%

24.5%

25.1%

24.3%

23.5%

24.9%

24.6%

23.7%

24.1%

23.1%

22.3%

25.1%
24.3%
23.3%

JANUARY 2015 • TRENDS | 17