Apartment Trends Magazine May 2015 | Page 22

DENVER METRO APARTMENT VACANCY & RENT FIRST QUARTER 2015 SUMMARY Vacancy Rate 4.9% Last Quarter: 4.7% 10% $1,150 9% $1,100 8% $1,050 7% Average Rent $1,204 Last Quarter: $1,169 Average per sq. ft. $1.43 Last Quarter: $1.39 Discount / Concessions 9.7% Last Quarter: 8.7% Economic Vacancy 14.6% Last Quarter: 13.3% Net Absorption (Units) 185 Last Quarter: LK