Apartment Trends Magazine May 2017 | Page 37

DENVER METRO
APARTMENT VACANCY & RENT
1ST QUARTER 2017 SUMMARY
Vacancy Rate
5.7%
$1,382
Last Quarter: $1,347
$1,500
9% $1,375
$1,250
8%
Last Quarter: 6.2%
Average Rent
10%
$1,125
7%
-
Average per sq. ft.
$1.62
Last Quarter: $1.58
Discount / Concessions
6.2%
Last Quarter: 4.4%
Economic Vacancy
12.5%
Last Quarter: 11.3%
Net Absorption (Units)
4,664
Last Quarter: -1,437
$1,000
6% $875
5% $750
$625
4%
$500
3%
$375
2%
$250
1%
0%
$125
12Q1
12Q3
13Q1
Line: Percent Vacant
County Overview
13Q3
14Q1
14Q3
15Q1
15Q3
16Q1
Bar: Average Rent (in dollars)
16Q3
17Q1
$0
PREV. YEAR
ARROWS DESIGNATE CHANGE SINCE PREVIOUS QUARTER
Vacancy Rate
Adams 6.6%
Arapahoe 5.3%
Boulder/Broomfield 5.2%
Denver
Average Rent
Rate (/sq. ft.)
$1,278 $1.53
$1,315 $1.54
$1,565 $1.75
6.5% $1,413 $1.73
Douglas 5.9% $1,538 $1.60
Jefferson 4.2% $1,349 $1.59
5
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AUTHORS: Ron L. Throupe, Ph.D, Daniels College of Business, University of Denver

Jennifer L. Von Stroh, Colorado Economic and Management Associates
www.aamdhq.org
MAY 2017 • TRENDS | 35