Apartment Trends Magazine January 2016 | Page 25

DENVER METRO

APARTMENT VACANCY & RENT

3RD QUARTER 2015 SUMMARY

Vacancy Rate

5.0%
Last Quarter: 4.5%

10%

$1,300

9%

$1,250
$1,200

8%

$1,150

7%

Average Rent

$1,292
Last Quarter: $1,265
Average per sq. ft.

$1.52

Last Quarter: $1.50

Discount / Concessions

7.9%
Last Quarter: 10%
Economic Vacancy

13.6%
Last Quarter: 14.5%
Net Absorption (Units)

376

Last Quarter: 4,550

$1,100

6%

$1,050

5%

$1,000
$950

4%

$900

3%

$850

2%

$800

1