DENVER METRO
APARTMENT VACANCY & RENT
1ST QUARTER 2016 SUMMARY
Vacancy Rate
6.1 % Last Quarter : 6.8 %
Average Rent
$ 1,315
Last Quarter : $ 1,292 -
Average per sq . ft .
$ 1.55
Last Quarter : $ 1.52 -
Discount / Concessions
6.7 % Last Quarter : 6.1 %
Economic Vacancy
13.0 % Last Quarter : 13.7 %
Net Absorption ( Units )
4,663 Last Quarter : -4,247
10 %
9 %
8 %
7 %
6 %
5 %
4 %
3 %
2 %
1 %
0 %
$ 1,400 $ 1,342 $ 1,283 $ 1,225 $ 1,167 $ 1,108 $ 1,050 $ 992 $ 933 $ 875 $ 817 $ 758 $ 700
11Q1 11Q3 12Q1 12Q3 13Q1 13Q3 14Q1 14Q3 15Q1 15Q3 16Q1
PREV . YEAR
Line : Percent Vacant Bar : Average Rent ( in dollars )
County Overview
|
Vacancy Rate |
Average Rent |
Rate (/ sq . ft .) |
Adams |
4.7 % |
$ 1,258 |
$ 1.50 |
Arapahoe |
5.7 % |
$ 1,236 |
$ 1.46 |
Boulder / Broomfield |
6.6 % |
$ 1,475 |
$ 1.66 |
Denver |
6.2 % |
$ 1,331 |
$ 1.65 |
Douglas |
11.2 % |
$ 1,493 |
$ 1.55 |
Jefferson |
4.7 % |
$ 1,304 |
$ 1.50 |
Hottest Sub-Markets
|
Aurora - North
0.9 %
|
|
|
|
|
|
Boulder - University 1.7 % |
Wheat Ridge
2.3 %
|
|
|
|
Denver - Wash Park 2.5 % |
Castle Rock
2.9 %
|
Denver - Lowry
3.2 %
|
www . aamdhq . org
AUTHORS : Ron L . Throupe , Ph . D , Daniels College of Business , University of Denver Jennifer L . Von Stroh , Colorado Economic and Management Associates
MAY 2016 • TRENDS | 23