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Denver Metro Area

Apartment Vacancy
and Rent Survey
Fourth Quarter 2013
Sponsored by

Apartment Association of Metro Denver
Apartment Realty Advisors
Colorado Housing and Finance Authority
Colorado Division of Housing
Multifamily Capital Advisors
Pierce-Eislen
Contributing Sponsor

Denver Housing Authority

Researched and authored by
Ron L. Throupe, Ph.D.
University of Denver
Daniels College of Business
Burns School of Real Estate & Construction Management
944 Aztec Dr.
Castle Rock, CO 80108
(425) 681-6602 voice
rthroupe@du.edu
Jennifer L. Von Stroh
Colorado Economic and Management Associates
2581 East Wynterbrook Drive
Littleton, Colorado 80126-4519
303-818-0510
VonStrohHousingSurvey@gmail.com
Copyright 2014

Survey Sponsors
Apartment Association of Metro Denver

7100 E. Belleview Avenue, Suite 305
Greenwood Village, CO 80111
Rocky Sundling, president
Mark Williams, executive vice president
Phone: (303) 329-3300; fax (303) 329-0403

Apartment Realty Advisors
1800 Larimer Street, Suite 1700
Denver, Colorado 80202
Jeff Hawks, principal
Phone (303) 260-4400; fax (303) 260-4234

Colorado Housing and Finance Authority
1981 Blake Street
Denver, CO 80202
Cris A. White, executive director
Phone: (303) 297-2432; fax (303) 297-2615

Colorado Division of Housing

1313 Sherman Street
Denver, CO 80203
Pat Coyle, executive director
Phone: (303)-866-2033

Pierce-Eislen

9200 East Pima Parkway, Suite 150
Scottsdale, AZ 85258
Ronald G. Brock, president/ceo
Phone: (480) 663-1149; fax (480) 663-6269
Email: info@pi-ei.com

Multifamily Capital Advisors

6950 E. Belleview Avenue, Suite 320
Greenwood Village, CO 80111
Jerry Kendall, managing director
Phone: (720) 280-7431
Email:jerrykendall@multifamilycap.com

Survey Authors and Researchers

Ron L. Throupe, Ph.D.
University of Denver
Daniels College of Business
Burns School of Real Estate & Construction Management
944 Aztec Dr.
Castle Rock, CO 80108
(425) 681-6602 voice
rthroupe@du.edu
Jennifer L. Von Stroh
Colorado Economic and Management Associates
2581 East Wynterbrook Drive
Littleton, Colorado 80126-4519
303-818-0510
VonStrohHousingSurvey@gmail.com

The sponsors of the Denver Area Apartment Vacancy and Rent Survey contract with an independent researcher to produce this report. No individual information is
released by the researcher to a sponsor or to the public.

Copyright 2013

METRO DENVER
SUBMARKETS

LONGMONT
3.3%
$1,045.44

(Individual Submarkets Defined on the “Market Area
Descriptions
and Census Tracts” Page at the end of each section.)

BOULDER

Red: Vacancy Rate
Blue: Average Rent

BOULDER (CITY) BOULDER (OTHER)
3.8%
3.9%
$1,331.03
$1,277.28

BROOMFIELD
UNIVERSITY
0.0%
$957.00
BROOMFIELD
3.6%
$1,212.46

ADAMS
NORTHGLENN / THORNTON
6.3%
$1,019.27

JEFFERSON

WESTMINSTER
4.5%
$887.56

COMMERCE CITY
2.8%
$819.03

ARVADA
3.9%
$909.15

GOLDEN
3.6%
$1,049.64

DENVER
DENVER NW
DENVER NC DENVER NE
3.9%
3.2%
6.3%
WHEAT RIDGE $1,162.03
$1,514.04
$844.18
DOWNTOWN
3.5%
10.9%
$822.79
$1,509.52
DENVER EC
DENVER WC DENVER C
6.2%
5.6%
4.6%
$1,040.68 $1,103.69
$700.90
LAKEWOOD N
3.4%
$958.26

LAKEWOOD S
5.6%
$1,053.30

DENVER SW
4.0%
$943.36

GLENDALE
DENVER SC
6.5% DENVER SE 7.1%
$953.35
4.5%
$1,173.33
$857.46
DENVER
FAR SE
5.3%
$945.61

ENGLEWOOD
SHERIDAN
4.6%
$989.69
LITTLETON
3.8%
$1,055.97

ARAPAHOE
COUNTY S
3.4%
$1,180.81

DOUGLAS
CASTLE ROCK
1.9%
$1,122.65

AURORA NORTH
1.1%
$750.61

AURORA CNW
5.6%
$1,013.30
AURORA CSW
4.1%
$878.28

AURORA CNE
3.0%
$886.62

AURORA CSE
3.3%
$869.31

AURORA SOUTH
7.3%
$994.05

ARAPAHOE
ARAPAHOE
COUTY SE
5.9%
$1,302.02

DOUGLAS
COUNTY N
5.6%
$1,256.49

Vacancy Rates by County and Market Area
(In Percent)
County/Market
Adams County
Aurora-North
Commerce City/Brighton
Northglenn/Thornton
Westminster
Arapahoe County
Arapahoe Co-South
Arapahoe Co-Southeast
Aurora-Central NE
Aurora-Central NW
Aurora-Central SE
Aurora-Central SW
Aurora-South
Englewood/Sheridan
Glendale
Littleton
Boulder/Broomfield
Boulder County-Other
Broomfield
City of Bldr-Except Unv.
City of Bldr-Unv. Area
Longmont
Denver City/County
Denver-Central
Denver-Downtown
Denver-East Central
Denver-Far SE
Denver-North Central
Denver-Northeast
Denver-Northwest
Denver-South Central
Denver-Southeast
Denver-Southwest
Denver-West Central
Douglas County
Castle Rock
Douglas County-North
Jefferson County
Arvada
Golden
Lakewood-North
Lakewood-South
Wheat Ridge
Metro Average

2003

2004

2005

2006

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

13.7
19.7
13.0
11.6
14.4
13.3
7.4
21.7
17.2
11.8
9.6
9.0
19.0
8.6
12.0
8.6
12.2
13.0
11.3
12.2
7.9
15.8
11.8
9.8
27.5
15.1
15.3
5.6
9.8
14.5
8.5
9.4
6.9
4.6
26.4
23.9
28.0
9.1
7.2
7.7
13.2
7.8
11.3
13.1

16.2
9.4
12.5
16.5
16.8
12.1
9.2
23.5
14.4
8.8
10.9
10.4
15.3
6.7
10.3
7.4
11.9
12.4
13.3
11.0
11.0
8.8
12.3
10.2
23.4
14.8
13.2
11.5
12.7
10.4
14.1
10.2
8.1
10.9
23.7
18.6
25.5
8.8
9.4
10.5
7.2
8.4
12.2
13.1

12.6
15.2
27.3
13.0
11.1
10.6
8.5
12.2
15.5
9.6
9.8
7.7
12.1
9.9
11.4
11.1
7.1
4.9
8.3
6.5
9.6
8.5
10.0
10.1
16.2
14.6
11.7
7.7
11.2
7.0
9.9
6.6
6.0
3.6
19.4
23.8
18.5
10.4
12.1
16.3
9.5
8.2
17.8
11.1

12.1
14.6
27.7
11.0
11.3
10.8
9.8
9.6
16.7
8.9
11.8
11.5
11.3
10.0
8.7
9.8
9.6
7.9
11.1
6.9
12.5
14.6
9.8
9.1
13.9
14.4
11.9
9.9
9.1
9.8
9.6
7.3
5.8
8.8
19.0
18.7
19.1
9.7
9.5
21.5
6.2
9.4
11.9
10.9

9.6
9.1
23.2
7.8
9.5
10.8
6.6
7.3
13.0
11.0
13.7
9.8
12.8
9.4
12.0
8.2
11.0
13.9
8.8
7.5
10.0
13.3
10.2
9.2
11.3
18.5
10.3
10.0
6.8
15.8
15.1
9.6
5.4
6.1
14.5
16.6
13.6
9.1
10.7
14.3
7.0
7.9
12.4
10.5

9.9
22.4
12.5
8.7
8.9
9.8
10.5
6.4
9.6
9.2
10.4
9.2
11.2
8.8
12.4
7.0
9.5
7.6
9.8
10.9
5.5
11.7
10.1
8.9
9.2
16.4
12.8
6.3
8.2
6.3
12.9
8.3
8.4
7.3
9.8
11.8
8.9
9.1
11.0
15.1
7.3
8.1
12.3
9.7

7.6
8.7
6.3
7.9
7.3
9.2
12.0
5.2
7.4
10.2
9.4
11.3
10.1
6.7
8.2
8.0
6.0
6.6
9.4
3.9
2.8
5.1
8.3
7.3
6.0
1.9
9.5
7.3
13.7
7.2
17.0
6.9
5.4
9.9
9.2
10.0
8.9
8.5
8.3
17.7
6.2
7.5
10.2
8.5

11.7
8.2
13.1
8.7
13.6
10.1
11.0
6.1
9.5
9.6
8.3
12.0
10.6
9.6
11.8
10.1
9.0
8.6
10.6
9.1
6.5
8.5
9.8
8.1
10.6
11.7
11.0
8.0
11.4
12.9
12.9
7.5
7.5
13.9
10.1
13.3
9.3
9.3
12.4
12.6
7.7
8.3
11.7
10.0

10.6
7.6
10.3
10.7
10.8
8.9
8.1
8.0
7.9
9.2
8.2
11.4
8.6
10.2
8.0
8.7
11.1
8.3
18.2
8.1
8.1
11.4
9.2
8.2
8.3
15.3
11.4
11.7
8.3
8.8
12.4
7.6
6.9
11.9
8.4
11.4
7.4
8.5
9.6
10.2
6.4
8.4
11.5
9.3

8.7
5.4
7.8
7.7
9.8
7.4
7.3
4.8
10.0
7.4
7.6
8.3
6.8
7.2
9.1
6.1
8.7
10.1
9.9
8.0
3.1
10.0
8.7
9.3
7.3
9.7
10.6
7.7
12.5
6.3
8.3
7.0
6.7
7.4
6.4
10.4
5.3
8.0
9.8
10.0
7.3
7.3
13.1
8.0

7.7
9.4
4.1
7.5
8.1
6.8
6.6
4.2
8.9
6.0
5.8
8.3
6.9
6.0
9.5
6.7
7.8
4.9
11.6
7.4
4.0
7.9
9.6
9.7
8.3
20.1
8.6
3.1
24.9
5.7
22.5
7.9
6.1
12.1
7.5
12.5
6.6
6.8
7.6
4.8
6.7
6.5
10.6
7.7

8.1
8.0
7.3
7.7
8.6
7.4
7.5
5.6
9.2
8.6
7.3
8.6
7.1
7.5
7.1
7.1
7.3
5.2
12.0
4.7
5.0
6.4
8.7
9.3
5.0
17.3
10.5
3.2
12.8
11.7
14.7
7.0
5.7
9.2
8.1
10.4
7.5
7.6
11.1
7.3
8.0
6.5
10.8
7.9

7.0
6.3
4.2
6.6
7.5
7.0
7.0
5.6
11.2
8.0
6.7
8.8
6.8
6.7
6.4
5.5
6.9
7.6
8.9
6.0
2.8
6.3
7.8
7.1
3.3
13.6
8.7
3.8
10.9
4.3
12.3
8.4
5.2
7.8
8.2
10.8
7.3
7.5
7.9
8.1
8.0
6.1
16.2
7.4

2nd

3rd

2007
4th

1st

2nd

6.1 6.4 7.4 7.8 6.3
6.2 6.4 8.5 8.4 10.9
4.3 5.6 9.4 3.2 3.2
5.6 6.1 6.9 7.1 6.6
6.8 6.7 7.5 8.3 6.1
6.8 6.7 7.4 7.8 6.1
5.9 6.6 6.4 5.6 3.8
5.4 3.9 7.6 4.4 5.1
11.8 12.5 9.6 8.4 10.7
6.8 14.6 7.1 7.2 6.1
7.4 6.4 6.8 6.9 4.9
7.5 8.1 10.4 13.5 7.0
5.7 4.2 5.6 7.7 7.1
6.5 5.1 6.6 7.0 6.6
9.0 7.5 8.3 8.2 6.6
5.5 4.9 5.8 5.6 4.7
7.0 4.8 5.5 4.7 4.0
7.2 4.5 5.5 3.9 3.7
7.5 4.3 5.6 4.8 4.5
8.8 6.0 5.6 4.3 3.2
3.0 4.1 1.6 0.8 5.9
4.7 4.5 7.6 8.4 3.9
7.6 7.3 6.9 7.2 6.1
6.0 7.0 6.7 7.0 5.1
4.9 8.0 6.7 7.8 7.1
6.1 6.5 7.9 8.0 7.8
10.0 9.7 6.2 6.9 5.2
5.1 3.1 6.7 1.8 1.6
13.7 4.1 7.3 7.2 6.9
5.4 6.2 3.1 4.3 6.7
12.7 13.1 14.0 12.1 9.6
6.2 4.4 6.7 7.1 6.3
5.6 7.7 6.3 6.3 5.4
13.0 6.7 6.3 5.4 5.8
5.7 6.4 7.0 6.4 5.8
7.2 6.4 6.6 8.0 5.9
5.5 6.4 7.2 6.0 5.8
7.3 7.2 6.6 6.3 7.4
9.2 7.9 6.2 8.1 8.0
6.7 6.0 7.2 5.3 10.4
8.2 8.1 6.4 6.5 8.0
6.4 6.6 6.6 6.0 6.7
9.2 9.7 7.2 6.7 6.9
6.9 6.7 7.0 7.1 6.2

3rd

2008
4th

1st

2009

2010

2011

2013

2012

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

1st

2nd

3rd

4th

5.9 7.4 6.4 6.8
4.3 4.1 6.2 6.4
3.7 4.8 5.2 4.0
7.2 8.7 6.6 7.9
5.1 6.7 6.4 5.9
5.0 6.0 6.5 5.9
3.9 4.8 4.8 3.0
4.4 5.3 11.2 5.7
8.9 7.1 7.0 5.3
4.8 7.0 7.3 6.2
4.2 4.2 5.2 7.8
5.3 5.8 5.9 5.6
5.1 6.8 5.2 6.5
5.5 5.4 5.1 4.4
6.3 7.6 9.0 7.3
4.4 5.5 5.7 5.0
3.6 5.4 5.7 6.4
5.2 3.3 3.3 4.3
4.1 6.0 4.9 4.9
2.6 2.0 3.2 3.3
1.9 3.7 3.8 4.4
3.2 11.5 15.1 19.6
5.7 5.5 5.1 5.7
5.9 5.0 4.7 5.4
4.3 4.9 3.6 4.6
5.5 5.0 5.5 5.8
5.3 5.3 5.0 6.7
3.0 3.4 2.4 3.8
5.5 6.0 8.1 7.3
3.7 3.7 5.1 5.0
7.2 6.6 8.8 9.9
6.9 6.9 4.5 4.3
6.8 4.1 6.1 6.0
8.4 15.0 5.6 4.5
5.5 7.0 6.1 8.3
5.4 7.3 6.7 7.3
5.6 6.9 6.0 8.6
5.3 6.0 5.6 6.0
4.7 5.4 6.4 6.0
5.5 5.5 5.8 5.7
5.9 7.1 6.2 8.1
5.3 5.6 5.3 5.2
4.7 8.6 6.1 7.9
5.3 6.1 5.9 6.2

7.5
13.7
5.2
8.8
5.6
6.9
4.4
6.3
13.0
8.1
10.0
7.4
5.7
5.1
7.5
4.4
4.7
3.6
5.5
2.4
1.1
10.5
6.0
6.6
5.4
4.4
7.0
4.0
7.6
5.1
7.5
5.1
5.4
4.5
5.9
6.9
5.7
6.5
5.1
5.1
6.9
6.7
9.1
6.5

8.8
11.8
8.3
8.9
8.5
8.3
5.5
9.0
11.9
10.3
10.0
8.4
7.0
7.4
8.5
7.3
6.1
6.6
7.2
3.0
0.6
8.7
8.0
7.6
7.6
7.5
8.7
5.2
8.1
7.9
9.1
8.5
6.9
6.9
7.4
7.7
7.3
7.3
5.6
8.4
6.9
7.6
9.2
7.9

8.4
22.2
8.3
8.2
7.3
9.7
6.4
15.7
11.9
13.9
14.3
6.6
7.9
7.4
8.9
5.2
6.0
6.0
6.7
3.6
2.4
8.9
8.6
9.5
8.4
8.0
10.9
4.4
4.6
5.6
8.0
7.9
5.9
2.3
7.1
7.9
6.9
7.6
8.1
7.5
7.8
7.0
12.2
8.4

8.5
17.3
7.9
8.7
7.5
10.7
4.3
10.5
13.5
12.8
14.1
8.6
12.4
8.4
10.0
6.6
7.2
5.1
7.0
6.6
11.4
9.1
9.8
9.6
7.8
8.5
16.4
10.2
6.6
4.5
9.4
7.4
5.3
8.6
5.8
9.4
4.9
7.2
6.7
9.4
6.3
6.5
12.5
9.0

6.7
11.8
2.3
6.0
7.4
8.5
5.3
6.9
12.4
9.5
7.0
9.3
7.8
13.7
9.7
5.0
5.5
4.9
4.0
7.2
3.5
7.8
8.5
7.3
7.2
5.5
14.7
5.0
7.9
3.5
10.0
7.2
5.9
10.1
4.3
8.5
3.9
6.3
5.7
8.1
5.2
6.2
9.2
7.4

6.3
9.0
7.2
6.3
6.2
8.6
3.9
7.8
15.1
9.8
7.3
7.8
8.9
9.3
9.6
10.9
5.8
4.9
5.1
5.8
2.0
12.8
8.8
7.7
6.8
6.4
15.5
8.9
6.1
5.3
11.0
6.8
5.8
7.8
5.5
11.0
4.9
7.3
7.3
7.5
8.8
6.4
11.7
7.7

6.8
10.7
2.1
5.6
8.6
7.2
3.1
6.0
7.2
7.5
5.6
9.1
8.6
7.6
8.0
5.7
5.0
5.3
5.1
4.9
1.5
6.4
6.9
7.3
5.9
7.2
9.6
5.7
5.2
4.5
11.8
5.0
5.4
11.9
4.4
6.3
4.2
5.8
5.6
7.5
5.9
5.0
13.9
6.5

5.2
10.3
4.0
4.6
5.5
6.4
3.0
4.9
8.9
5.8
5.5
8.7
8.1
5.6
6.6
3.2
4.9
3.8
4.3
6.9
4.2
5.0
7.4
6.9
9.3
6.8
9.4
8.8
6.8
5.1
9.8
5.3
5.3
10.2
3.9
4.6
3.8
5.4
4.9
6.0
4.5
5.4
10.9
6.1

4.4
6.1
3.4
4.2
4.6
6.7
2.4
3.9
5.7
4.7
4.9
12.2
8.4
5.6
6.1
3.5
3.5
5.0
4.1
2.6
1.1
3.0
5.3
6.2
5.2
5.5
5.1
2.3
4.5
5.5
8.6
4.8
4.2
6.8
4.4
5.2
4.3
3.9
3.4
3.8
4.9
3.8
4.8
5.3

5.7
9.0
5.9
4.5
6.8
6.6
3.4
4.8
6.2
5.1
5.3
10.2
8.2
5.2
6.2
3.8
3.6
3.8
5.2
3.5
0.6
2.6
5.2
5.2
5.6
7.7
5.1
1.2
4.8
4.1
4.4
4.8
5.4
2.8
5.2
5.7
5.1
4.5
4.5
6.2
4.8
4.2
3.8
5.5

5.6
7.3
5.0
4.4
6.6
6.4
2.8
5.8
7.5
6.2
4.5
8.2
8.4
4.3
6.9
2.9
4.9
10.0
5.7
3.1
0.0
2.8
4.8
3.7
5.1
6.9
4.3
2.3
5.7
8.6
4.6
4.9
4.6
4.1
5.3
5.2
5.4
4.7
4.4
6.1
5.1
4.6
2.7
5.5

5.2
5.6
1.9
4.9
5.7
5.5
2.8
4.2
8.6
6.0
4.5
7.2
6.0
5.0
5.0
4.5
4.6
6.4
5.7
4.7
0.4
2.6
4.1
3.6
3.3
5.2
4.5
4.2
5.1
3.0
4.9
4.2
3.7
1.4
3.8
4.2
3.7
4.5
3.8
6.0
4.2
4.8
3.4
4.8

5.3
6.4
6.6
5.5
5.0
5.6
3.0
4.6
7.9
6.2
4.7
7.0
6.7
4.1
5.5
2.9
4.7
4.3
5.7
4.6
0.0
5.0
4.3
3.2
3.6
5.3
5.1
0.9
4.4
2.7
5.8
4.2
4.2
0.7
3.8
4.4
3.7
4.4
4.9
4.8
4.9
4.1
3.7
4.9

5.3
4.0
4.7
6.1
4.5
6.8
4.0
5.6
7.9
6.6
5.7
9.9
7.8
5.3
5.4
5.2
4.4
4.0
5.8
3.5
0.3
4.9
4.8
3.8
4.4
5.6
5.8
2.3
5.8
5.5
3.4
4.1
5.4
2.7
4.7
5.5
4.6
4.4
4.6
3.9
4.5
4.4
3.9
5.4

4.5
6.0
4.4
4.8
4.2
6.3
3.9
6.0
13.2
6.2
4.6
9.1
6.7
2.7
5.1
4.1
3.9
3.3
4.8
4.6
0.1
3.6
4.2
2.6
4.0
6.3
5.6
4.9
4.9
3.2
3.5
3.4
3.4
0.0
4.9
3.6
5.0
3.8
3.8
4.2
3.2
4.0
3.4
4.9

4.9
5.4
5.9
5.3
4.5
5.5
3.1
4.1
5.9
5.5
4.6
7.9
6.0
4.8
6.4
3.9
3.6
4.6
4.1
4.4
0.0
2.2
4.8
3.7
4.9
4.7
5.3
2.3
4.8
5.2
4.2
6.2
3.9
2.7
3.9
2.9
4.1
4.0
1.9
4.6
3.7
4.6
3.6
4.8

4.2
4.5
5.2
2.7
3.2 42.6*
4.9
3.8
5.8
4.4
4.8
3.5
4.1
4.3
4.1
4.8
5.0
4.1
3.2
3.3
3.4
4.2
3.6
4.9
3.8
3.8
2.3
5.2
6.1
5.3
4.9
3.8
4.6
6.1
7.6
3.8
4.7
4.5
4.3
3.8
4.3
4.4
6.9
3.6
5.0
4.7
5.5
3.5
2.9
3.7
3.2
3.3
3.5
4.7
3.9
6.2
4.5
1.8
1.9
1.4
0.3
0.2
0.3
2.9
2.7
2.3
4.3
6.1
5.4
2.5
2.9
2.9
5.7 11.1* 9.6*
6.6
6.9
6.8
4.4
4.6
4.5
1.5
5.1
3.3
3.9
6.5
4.2
3.3
3.6
0.0
4.1
4.0
4.9
4.8
7.6
6.1
2.9
2.6
4.1
8.2
5.9
6.2
4.1
4.2
6.5
2.4
4.6
4.1
4.5
4.2
6.8
3.7
4.2
3.7
3.5
4.1
4.5
2.6
2.1
3.7
5.4
4.3
4.9
3.6
4.6
3.2
2.3
3.6
3.2
4.3
4.9
4.6

3.8
4.0
3.8
3.6
4.0
4.5
2.6
3.9
4.1
4.7
3.0
3.4
6.2
5.6
7.6
2.4
3.8
3.7
4.5
3.4
0.5
3.6
4.6
4.1
6.9
4.2
4.3
2.1
4.8
1.2
6.1
3.1
4.9
3.3
2.9
1.4
3.1
3.7
3.8
4.9
4.3
3.3
3.2
4.2

5.7
5.6
2.8
6.1
5.5
4.8
3.7
4.3
3.0
6.4
3.4
3.6
6.3
3.8
7.3
3.2
2.8
3.4
3.3
1.0
2.0
2.6
4.6
4.6
6.1
4.1
4.0
3.2
3.1
3.8
10.0
3.6
3.4
3.1
3.5
1.5
3.9
3.6
3.4
3.1
3.1
4.0
2.5
4.4

5.3
1.1
2.8
6.3
4.5
5.2
3.4
5.9
3.0
5.6
3.3
4.1
7.3
4.6
7.1
3.8
3.4
3.8
3.6
3.9
0.0
3.3
6.1
5.6
10.9
6.2
5.3
3.2
6.3
3.9
6.5
4.5
4.0
4.6
5.0
1.9
5.6
4.6
3.9
3.6
3.4
5.6
3.5
5.2

* vacancy rate affected by new units leasing up

I-5

4th

Current Survey Responses
Number Vacant
Totals for Denver Area

Units Reporting

Vacancy Rate

5,932

114,926

5.2

By County
Adams

823

15,535

5.3

2,022

39,195

5.2

Boulder

360

10,627

3.4

Denver

1,629

26,620

6.1

Douglas

426

8,467

5.0

Jefferson

672

14,482

4.6

Arapahoe

By Market Area
Adams County
Aurora-North

3

269

1.1

10

357

2.8

Northglenn/Thornton

484

7,675

6.3

Westminster

326

7,234

4.5
3.4

Commerce City/Brighton

Arapahoe County
Arapahoe County - South

88

2,572

176

2,964

5.9

Aurora - Central Northeast

73

2,417

3.0

Aurora - Central Northwest

236

4,208

5.6

Aurora - Central Southeast

132

3,995

3.3

Aurora - Central Southwest

244

5,957

4.1

Aurora - South

643

8,826

7.3

Englewood, Sheridan

141

3,071

4.6

Glendale

199

2,789

7.1

Littleton

90

2,396

3.8
3.8

Arapahoe County - Southeast

Boulder/Broomfield Counties
Boulder County - Other
Broomfield
City of Boulder - Except University

78

2,079

133

3,736

3.6

78

2,003

3.9

City of Boulder - University Area

0

672

0.0

71

2,137

3.3

Denver - Central

211

3,772

5.6

Denver - Downtown*

454

4,162

10.9

Denver - East Central

125

2,017

6.2

Denver - Far Southeast

301

5,647

5.3

Denver - North Central

18

571

3.2

Denver - Northeast

106

1,679

6.3

Denver - Northwest

12

304

3.9

Denver - South Central

113

1,750

6.5

Denver - Southeast

183

4,109

4.5

Denver - Southwest

87

2,196

4.0

Denver - West Central

19

413

4.6

24

1,244

1.9

402

7,223

5.6

Longmont
Denver City/County

Douglas County
Castle Rock
Douglas County - North
Jefferson County
Arvada

75

1,915

3.9

Golden

37

1,029

3.6

Lakewood - North

79

2,325

3.4

Lakewood - South

422

7,518

5.6

59

1,695

3.5

Wheat Ridge

* vacancy rate affected by new units leasing up

I-6

REPORT DESCRIPTION AND METHODOLOGY
The purpose of the Quarterly Denver Area Apartment Vacancy Survey is to show vacancy rates by type of
apartment (efficiency; one bedroom; two bedroom, one bath; two bedroom, two bath; three bedroom; and
other) and rent levels by location, age and size of building. In addition, information on estimates of new
apartment inventory and absorption is also provided.
The survey covers six counties (market areas in parentheses):
Adams (4), Arapahoe (10),
Boulder/Broomfield (5), Denver (11), Douglas (2), and Jefferson (5). A composite report of the total six
county areas are also provided. A geographical definition of each market area is given at the end of each
county section of this report.
The market areas are:
Adams County
Aurora North
Commerce City
Northglenn/Thornton
Westminster
Arapahoe County
Arapahoe County – South
Arapahoe County – Southeast
Aurora – Central Northeast
Aurora – Central Northwest
Aurora – Central Southeast
Aurora – Central Southwest
Englewood/Sheridan
Glendale
Littleton
Boulder/Broomfield Counties
Boulder County – Other
Broomfield
City of Boulder – Except University
City of Boulder – University Area
Longmont
Denver City/County
Denver – Central
Denver – Downtown
Denver – East Central
Denver – Far Southeast
Denver – North Central
Denver – Northeast
Denver – Northwest
Denver – South Central
Denver – Southeast
Denver – Southwest
Denver – W est Central
Douglas County
Castle Rock
Douglas County – North
Jefferson County
Arvada
Golden
Lakewood – North
Lakewood – South
Wheat Ridge

The source for the Census Tract information was the Denver Regional Council of Governments, 1990
Census Tracts, Denver Region, Regional Data Series; U. S. Census, 1990 Census of Population and
Housing, Population and Housing Characteristics for Census Tracts and Block Numbering Areas, DenverBoulder CO CMSA (Part) Denver, CO PMSA – Maps. A “pt” next to a tract indicates that it is only partially
located in the geographic entity.
Where market areas/jurisdictions overlap more than one county, they are placed in the county in where it
has the largest population concentration. Examples are Broomfield and W estminster.
The vacancy rate was calculated based on the number of units reporting in each category, and the
corresponding number of vacant units.
All vacancy and rental rates are for the 10th of the month of the survey (March, June, September,
December). In addition, the samples were taken with the assumption that the rates were for unfurnished
rental units with residents paying electricity and gas. Turnover rates are based on the months of
February, May, August and November.
The sample of apartment complexes/buildings surveyed was developed from official lists. Surveys were
completed online and via paper forms, which were checked for completeness and accuracy. Tabulations
were performed by the use of digital database and spreadsheet programs. The cumulative total has a
confidence interval of +/-1 percent at the 95 percent confidence level.
The excellent industry cooperation by the Apartment Association of Metro Denver, Institute of Real Estate
officials, and apartment owners and managers is greatly appreciated. Survey management and analysis
was managed by Ron L. Throupe, Ph.D., University of Denver; Jennifer L. Von Stroh, of Colorado
Economic and Management Associates. Assisting were S.P. Von Stroh, Ph.D.; C.M. Von Stroh, MBA,
MA; J.C. Von Stroh, Ph.D., MBA; and J.E. Von Stroh, J.D, MS.
The information for this survey was obtained from participating apartment managers, owners, and
property managers. All information collected on each building/complex is TOTALLY CONFIDENTIAL,
only survey totals are published. Information furnished by participants is considered reliable. The
sponsors and author make no warranty, expressed or implied, and assume no legal liability or
responsibility for the inclusion of data from the participants in the survey or for the use of the data from the
Survey. Any quotations of the survey must indicate the sponsors and the author.
This report is copyrighted by Jennifer L. Von Stroh. It is both unethical and illegal to make
photocopies of, or distribute electronically, this report without express written permission of the
author.

Vacancy Rates by County
First Figure = Rate for Quarter in Percent
Second Figure = Change from Year Ago
Third Figure = Twelve Month Average
2004
County
Adams

Arapahoe

1st

2nd

9.6

9.9

-4.1

-6.3

12.6

11.1

10.8

9.8

2005
3rd

4th

1st

7.6 11.7 10.6
1.0

2006

2nd

3rd

4th

1st

2nd

8.7

7.7

8.1

7.0

6.1

-1.2

0.1

-3.6

-3.6

-2.6

3rd

2007
4th

1st

2nd

6.4

7.4

7.8

-1.4

-0.7

0.8

2008

3rd

4th

6.3

5.9

0.2

-0.5

2009
3rd

2010
4th

1st

2nd

2011

1st

2nd

3rd

4th

1st

2nd

3rd

7.4

6.4

6.8

7.5

8.8

8.4

8.5

6.7

6.3

6.8

5.2

4.4

0.0

-1.3

0.4

1.5

1.4

1.9

1.8

-0.8

-2.5

-1.6

-3.3

-2.2

4th

2012

1st

2nd

3rd

4th

1st

2nd

5.7

5.6

5.2

5.3

5.3

4.5

4.9

-0.6

-1.2

0.0

0.9

-0.5

-1.1

-0.3

2013
3rd

4th

1st

2nd

3rd

4th

4.2

4.5

-1.1

-0.7

5.2

3.8

5.7

5.3

0.6

-1.1

1.4

0.8

-5.0

-0.4

9.8

9.7

9.9

9.6

9.7

8.8

7.9

7.2

6.9

6.7

6.9

7.0

6.9

6.8

6.5

6.6

7.0

7.4

7.8

8.3

8.1

7.5

7.1

6.2

5.7

5.5

5.2

5.3

5.5

5.3

5.1

5.0

4.7

4.6

4.7

4.4

4.8

5.0

9.2 10.1

8.9

7.4

6.8

7.4

7.0

6.8

6.7

7.4

7.8

6.1

5.0

6.0

6.5

5.9

6.9

8.3

9.7 10.7

8.5

8.6

7.2

6.4

6.7

6.6

6.4

5.5

5.6

6.8

6.3

5.5

4.8

5.0

4.1

4.5

4.8

5.2

-2.5

-2.4

-1.3

-0.7

-1.9

-2.4

-2.4

-2.7

-1.9

-0.5

-0.1

0.0

0.8

-0.7

-1.7

-1.4

-1.4

-0.2

1.9

2.3

3.3

4.7

1.6

0.3

-2.5

-4.2

-1.8

-2.0

-0.8

-1.0

-1.2

0.2

-0.2

0.1

-0.8

-1.8

-2.1

-1.0

0.0

0.1

11.1

10.5

10.2 10.0

9.5

8.9

8.3

7.6

7.1

7.0

7.0

7.0

7.2

7.0

6.6

6.2

5.9

5.8

6.3

6.9

7.7

8.9

9.3

9.4

8.7

7.7

7.2

6.7

6.6

6.3

6.0

6.1

6.0

6.1

5.9

5.4

4.9

4.6

4.6

4.6

8.7

7.8

7.3

6.9

7.0

4.8

5.5

4.7

4.0

3.6

5.4

5.7

6.4

4.7

6.1

6.0

7.2

5.5

5.8

5.0

4.9

3.5

3.6

4.9

4.6

4.7

4.4

3.9

3.6

2.9

3.7

3.2

3.8

2.8

3.4

-0.8

1.8

-1.7

-4.2

-1.6

-3.0

-1.7

-2.2

-3.0

-1.1

-0.1

0.9

2.4

1.1

0.6

0.3

0.8

0.8

-0.3

-1.0

-2.2

-2.0

-2.2

-0.2

-0.3

1.2

0.9

-1.0

-1.0

-1.8

-0.7

-0.6

0.2

-0.2

-0.3

11.0

9.5

6.0

Boulder/
Broomfield

-1.2

-2.4

-1.1

9.9

9.3

9.0

8.9

8.9

8.7

9.1

8.7

7.6

7.2

6.5

6.0

5.5

4.8

4.5

4.4

4.7

5.3

5.5

5.7

5.8

6.0

6.2

6.1

5.9

5.3

4.8

4.3

4.2

4.1

4.4

4.7

4.4

4.2

3.7

3.5

3.4

3.4

3.4

3.3

Denver

10.2

10.1

8.3

9.8

9.2

8.7

9.6

8.7

7.8

7.6

7.3

6.9

7.2

6.1

5.7

5.5

5.1

5.7

6.0

8.0

8.6

9.8

8.5

8.8

6.9

7.4

5.3

5.2

4.8

4.1

4.3

4.8

4.2

4.8

4.3

6.1*

5.4

4.6

4.6

6.1

Douglas

Metro Average

0.1

-1.6

-2.2

-1.7

0.0

-1.0

-1.4

1.3

-1.1

-1.4

-1.1

-2.3

-1.8

-0.6

-1.5

-1.6

-1.4

-2.1

-0.5

0.3

2.5

3.5

4.1

2.5

0.8

-1.6

-2.3

-3.2

-3.6

-2.1

-3.3

-1.0

-0.5

-0.6

0.6

0.0

1.4

1.2

-0.2

10.6

10.0

9.6

9.6

9.4

9.0

9.3

9.1

8.7

8.4

7.9

7.4

7.3

6.9

6.5

6.1

5.6

5.5

5.6

6.2

7.1

8.1

8.7

8.9

8.5

7.9

7.1

6.2

5.7

4.9

4.6

4.5

4.3

4.5

4.5

4.9

4.8

4.7

14.5

9.8

0.3 ####
4.8

5.2

8.4

6.4

7.5

8.1

8.2

5.7

6.4

7.0

6.4

5.8

5.5

7.0

6.1

8.3

5.9

7.4

7.1

5.8

4.3

5.5

4.4

3.9

4.4

5.2

5.3

3.8

3.8

4.7

4.9

3.9

4.1

4.2

6.5

2.9

3.5

5.0

-8.9

-6.1

-3.4

-1.7

-2.0

-0.3

-0.6

-1.1

-1.0

-1.8

0.1

-0.9

0.0

-0.3

2.5

0.4

0.4

0.9

-2.5

-1.6

-1.9

-2.6

-1.9

0.1

-0.3

0.9

-0.1

-0.6

-0.5

-0.5

0.1

0.3

-0.4

1.6

-1.0

-0.6

0.8

13.1 10.9

9.2 10.1

-12.0 -13.9 -10.1

Jefferson

9.0 11.1
-0.6

19.1

15.6

9.4

8.5

8.1

7.6

7.5

7.4

7.1

6.8

6.4

6.4

6.2

6.2

6.1

6.7

6.8

6.9

7.2

6.5

6.1

5.7

5.0

4.5

4.5

4.5

4.7

4.7

4.5

4.4

4.3

4.3

4.4

4.3

4.7

4.4

4.3

4.5

9.1

9.1

8.5

9.3

8.5

8.0

6.8

7.6

7.5

7.3

7.2

6.6

6.3

7.4

5.3

6.0

5.6

6.0

6.5

7.3

7.6

7.2

6.3

7.3

5.8

5.4

3.9

4.5

4.7

4.5

4.4

4.4

3.8

4.0

3.7

4.2

3.7

3.7

3.6

4.6

0.0

0.3

-1.9

-0.4

-0.6

-1.1

-1.7

-1.7

-1.0

-0.8

0.5

-1.0

-1.2

0.1

-1.9

-0.5

-0.7

-1.4

1.1

1.2

1.9

1.2

-0.2

0.0

-1.8

-1.8

-2.3

-2.8

-1.1

-0.9

0.5

-0.1

-0.9

-0.6

-0.7

-0.2

-0.1

-0.3

-0.1

0.5

9.5

9.6

9.1

9.0

8.9

8.6

8.2

7.7

7.5

7.3

7.4

7.1

6.9

6.9

6.4

6.3

6.1

5.8

6.0

6.3

6.8

7.1

7.1

7.1

6.6

6.2

5.6

4.9

4.6

4.4

4.5

4.5

4.3

4.1

4.0

3.9

3.9

3.8

3.8

3.9

10.5

9.7

9.3

8.0

7.7

7.9

7.4

6.9

6.7

7.0

7.1

6.2

5.3

6.1

5.9

6.2

6.5

7.9

8.4

9.0

7.4

7.7

6.5

6.1

5.3

5.5

5.5

4.8

4.9

5.4

4.9

4.8

4.3

4.9

4.6

4.2

4.4

5.2

-2.6

-3.4

-2.6

-0.9

-1.2

-1.7

-0.8

-2.1

-1.9

-1.1

-0.9

-0.9

-0.3

-0.8

-1.4

-0.9

-1.2

0.0

1.2

1.8

2.5

2.8

0.9

-0.2

-1.9

-2.9

-2.1

-2.2

-1.0

-1.3

-0.3

-0.1

-0.6

0.0

-0.7

-0.5

-0.3

-0.6

0.2

0.2

11.4

10.5

9.9

9.7

9.4

8.9

8.7

8.2

7.7

7.5

7.2

7.0

6.9

6.7

6.4

6.2

5.9

5.9

6.2

6.6

7.2

8.0

8.2

8.1

7.6

6.9

6.4

5.9

5.6

5.3

5.2

5.2

5.0

5.0

4.8

4.7

4.6

4.5

4.5

4.6

8.5 10.0

Due to rounding of the vacancy rate, numbers may not always add exactly.
* vacancy rate affected by new units leasing up

II-11

Vacancy Rates by Size of Building by County
(In Percent)

County
Adams

Number of
Units

Up to 8
9 to 50
51 to 99
100 to199
200 to 349
350 up
Arapahoe Up to 8
9 to 50
51 to 99
100 to 199
200 to 349
350 up
Boulder/
Up to 8
Broomfield 9 to 50
51 to 99
100 to 199
200 to 349
350 up
Denver
Up to 8
9 to 50
51 to 99
100 to 199
200 to 349
350 up
Douglas
Up to 8
9 to 50
51 to 99
100 to 199
200 to 349
350 up
Jefferson
Up to 8
9 to 50
51 to 99
100 to 199
200 to 349
350 up
Metro
Up to 8
Average
9 to 50
51 to 99
100 to 199
200 to 349
350 up

2004
1st
0.0
4.5
14.8
9.2
9.0
10.7
7.0
8.0
9.4
9.9
10.1
12.1
4.4
5.3
8.3
10.0
10.3
14.7
7.8
11.2
12.7
9.9
9.5
9.7
2.0
11.7
10.3
15.1
14.5
12.9
10.6
8.2
9.6
10.9
6.5
8.4
9.6
11.1
9.7
10.4
11.1

2nd

2005
1st

0.0
0.0
6.3
5.6
5.9
6.2
3.8
6.4
4.7
6.6
4.4
5.1
0.0
3.3
3.2
2.8
3.6
4.7
5.2
7.6
5.2
4.9
6.3
4.9

0.0
10.0
3.8 7.4 10.6 7.0
7.7 6.9 5.1 4.3
5.6 5.7 4.2 5.8
6.6 6.4 6.8 7.3
9.0 6.9 7.5 8.3
1.6 2.7 1.4 8.5
1.8 5.8 3.6 6.9
4.3 10.8 5.5 8.3
7.5 5.0 5.3 4.9
5.2 6.3 5.6 7.5
6.5 6.7 6.5 6.7
0.0 0.0 0.0 0.0
2.1 1.6 2.2 4.4
3.6 5.0 2.9 5.2
3.4 4.2 3.7 3.9
5.8 5.4 7.2 4.4
7.4 7.8 8.4 5.6
8.4 7.1 7.1 7.0
6.1 5.3 5.8 6.6
4.5 4.7 4.8 4.9
4.0 4.5 4.4 4.4
6.3 5.2 6.3 6.3
5.3 5.2 5.7 6.4

0.0

4th

1st

6.0

9.6 9.8 10.4 9.9 6.6 7.5 8.8 8.7
10.5 9.1 10.3 7.6 6.3 7.5 7.7 7.9
12.1 16.2 12.7 13.0 17.6 9.1 11.1 4.4
11.4 7.9 11.5 9.1 8.2 9.7 8.3 7.3
9.3 7.0 8.4 6.8 7.5 6.5 6.0 4.9
9.9 8.4 9.5 8.3 9.2 7.0 6.9 8.7
11.1 11.9 10.0 10.4 9.8 8.3 8.6 9.5
5.6 4.0 7.7 6.6 5.2 4.4 7.1 4.6
9.8 8.6 12.5 11.0 10.3 6.6 7.6 5.5
10.0 9.1 10.7 10.6 10.1 10.3 10.1 7.3
11.1 6.8 9.3 9.8 7.9 8.6 8.2 6.9
9.7 7.4 8.7 8.2 8.1 7.1 6.1 7.1
9.2 8.4 10.5 9.4 7.8 7.0 7.7 7.4
10.1 9.1 10.0 9.3 8.0 8.3 8.5 7.6

2nd

8.0

6.5
5.3
5.1
7.9
7.0
8.8
8.1
5.2
8.3
7.3
7.6
6.9
6.4
7.4

3rd

4.8

7.3
5.8
2.4
9.1
9.2
6.6
7.9
6.4
5.7
6.3
7.6
6.8
6.3
7.2

4th

1st

4.0

7.3
6.9
1.2
8.9
5.9
6.3
7.3
5.8
3.8
7.5
8.7
7.1
6.9
6.8

14.0 10.8 13.3

7.7
5.7
3.0
7.3
5.8
7.4
6.1
5.7
4.4
7.1
6.5
7.7
7.1
6.9

6.1
5.6
9.6
7.9
6.7
6.4
8.6
6.5
7.2
6.9
6.1
5.9
6.3
6.0

5.8
5.3
5.8
6.6
6.2
5.2
5.6
4.7
4.6
6.9
5.3
5.3
5.3
5.2

6.5
7.3
6.0
6.2
5.0
5.6
6.5
5.5
6.0
5.4
4.8
5.4
6.0
6.6

1st

2nd

2009

27.3 0.0 0.0 10.0 7.7 9.1 0.0 0.0 0.0 15.4 0.0 0.0
6.7 9.3 6.6 9.6 6.7 6.4 11.3 4.0 3.9 7.4 3.8 1.0 12.1
14.5 8.2 9.4 11.9 7.7 6.5 5.6 9.6 5.2 5.8 12.5 16.6 9.4
11.2 7.4 9.0 8.8 7.5 8.0 6.2 5.6 6.1 6.8 9.1 8.6 5.4
8.8 7.4 12.4 11.1 8.5 7.8 8.2 6.3 5.8 6.3 6.9 7.7 5.9
9.7 8.2 12.4 10.5 10.0 7.7 8.9 8.2 6.8 6.3 7.1 7.2 7.0
13.5 5.2 17.5 10.6 11.8 8.0 6.3 7.3 10.8 8.8 5.6 5.9 11.0
8.1 5.7 10.5 10.4 11.7 6.0 7.8 5.3 8.8 4.8 15.2 14.3 8.2
10.2 10.0 10.6 9.3 8.9 9.1 9.6 7.9 9.0 8.3 15.3 6.8 7.6
9.7 8.6 9.2 9.5 8.8 6.9 5.0 7.2 7.2 7.6 7.5 9.0 7.2
9.3 8.8 10.8 8.2 7.1 5.8 7.1 6.6 5.8 5.1 6.7 7.2 5.0
10.4 9.9 9.5 9.2 6.8 7.8 8.3 7.5 7.6 8.2 6.9 8.0 6.7
0.0 9.1 9.8 12.3 10.2 3.6 2.1 7.3 9.1 7.3 0.0 2.1 5.6
7.2 7.0 6.0 4.0 5.7 8.0 5.4 4.8 4.4 4.5 2.6 2.4 3.3
10.3 4.9 7.4 11.0 8.0 5.2 5.1 3.7 6.8 6.5 5.8 2.2 2.5
6.8 4.6 8.2 7.8 10.0 5.3 6.2 6.9 7.3 5.0 4.5 4.3 5.9
10.5 6.5 10.1 11.8 7.8 7.0 8.9 6.4 7.9 4.9 6.9 5.7 4.0
10.6 7.0 8.8 13.8 9.7 10.5 7.0 9.0 6.0 3.9 4.8 4.1 2.3
8.3 7.8 11.3 10.6 8.0 6.1 9.0 4.9 8.6 4.9 3.2 5.1 5.1
11.3 10.8 11.6 12.3 11.4 12.7 11.4 8.2 7.3 6.0 6.3 6.4 6.2
11.6 5.7 10.7 11.0 8.1 11.2 10.9 7.4 8.0 7.2 6.6 5.7 4.7
9.9 6.3 7.0 6.3 5.7 7.9 6.4 6.2 5.0 7.0 7.3 8.0 4.3
7.7 6.7 9.0 8.2 7.3 7.0 6.8 7.6 5.9 6.8 6.8 7.5 7.9
12.7 11.0 10.9 9.9 11.3 12.1 10.5 8.8 10.8 8.4 7.2 7.3 5.3
2.0
3.1

3rd

2008
4th

1.2 10.8
1.3 0.0

2nd

2007
3rd

3.6
1.6

4th

2006

2nd

2.6
5.6

3rd

3rd

7.1

5.6
6.4
3.5
4.9
7.8
4.8
6.3
5.0
4.8
5.1
6.9
4.8
5.9
6.3

4th

6.0 8.0
5.8 7.1
4.0 10.3
4.5 5.9
8.6 7.7
6.6 8.5
7.7 8.4
4.7 5.2
5.9 7.2
6.1 7.4
6.3 6.5
5.2 7.1
6.9 8.4
6.5 7.9

* vacancy rate affected by new units leasing up

II-12

2nd

2010

3rd

4th

1st 2nd

0.0
0.0 0.0 0.0
7.2 7.7 10.6 10.1 7.7 7.1 8.8
4.7 8.2 10.2 8.7 9.4 10.3 8.7
9.4 7.5 9.1 10.2 5.7 6.2 5.8
8.6 8.6 7.7 6.8 6.9 8.1 5.3
9.2 8.4 9.2 5.1 5.7 4.9 4.5
0.0 5.0 1.8 5.2 10.0 2.0 1.8
9.0 10.4 14.2 8.9 13.7 9.2 9.7
8.5 7.9 10.8 10.6 6.4 8.8 8.5
6.6 7.0 6.3 8.3 9.2 9.1 7.5
8.7 10.4 9.3 8.7 7.4 5.6 5.0
8.2 9.8 12.9 8.3 9.2 7.9 7.1
0.0 0.0 6.7 3.6 0.0 2.7 0.0
1.6 2.1 5.5 3.7 5.4 2.5 2.4
4.1 2.9 7.3 3.4 5.8 6.0 8.3
4.8 4.8 7.7 4.8 5.5 4.7 5.8
5.3 5.3 6.2 6.7 5.8 6.1 5.3
9.1 9.1 8.4 4.9 5.9 4.1 3.9
8.8 6.9 4.3 3.7 2.6 5.2 5.6
8.2 6.4 9.1 7.1 9.1 6.6 7.3
5.9 4.4 6.0 6.5 8.7 7.9 7.3
5.9 8.6 6.3 7.2 6.5 7.4 7.4
9.2 10.4 9.6 8.5 7.6 5.4 6.7
8.0 7.9 12.8 10.0 11.1 8.4 8.5
14.3
7.8

7.6
8.7
3.9
5.6
7.3
7.7
5.9
4.5
4.8
5.5
5.4
5.2
6.3
6.6

1st

0.0

0.0
19.2

0.0 21.4

7.1

7.4 5.9 4.6 5.9
6.9 5.5 4.1 5.1
7.6 7.1 13.8 8.1
7.5 7.7 5.8 8.1
8.8 9.0 6.0 12.2
9.8 8.2 6.4 8.0
7.5 8.0 7.5 6.8
5.7 4.7 4.5 6.1
6.3 4.9 7.1 5.0
6.8 9.3 7.1 9.3
6.5 8.3 7.0 9.3
7.8 7.2 7.3 7.4
9.0 8.4 7.7 7.1
8.3 10.3 7.1 8.2

5.9
4.1
4.5
5.5
5.5
6.7
7.2
5.8
4.7
4.6
6.5
7.9
7.2
5.9
6.7

2011

2012

2013

3rd 4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

0.0
7.9
9.8
5.9
4.4
3.4
1.6
4.9
5.1
5.8
5.8
7.8
0.0
2.0
1.4
3.0
3.5
4.3
3.3
6.0
6.2
6.8
4.6
5.2

0.0
4.5
8.3
6.5
6.1
4.5
6.1
5.6
4.0
5.4
5.1
7.9
0.0
1.4
4.4
2.8
6.2
4.7
1.7
3.9
4.3
5.7
4.5
5.2

0.0
5.9
6.3
3.8
5.2
5.8
11.1
2.9
4.4
5.8
4.4
6.3
0.0
0.7
2.0
3.9
5.4
4.8
3.1
4.3
6.1
3.7
3.2
5.0

0.0
6.6
4.1
6.2
5.3
5.1
6.8
3.0
2.6
5.6
4.3
6.6
5.8
0.3
1.7
4.6
4.6
5.8
2.4
3.4
4.4
3.3
4.5
4.6

0.0 50.0
2.9 3.9
5.3 1.2
5.2 3.4
5.2 4.9
5.4 4.6
0.0 2.4
6.3 3.3
3.0 1.4
4.7 4.5
5.1 4.9
8.7 7.8
1.7 3.3
0.0 0.4
1.4 1.3
2.7 3.9
5.1 3.9
5.2 4.4
2.1 0.7
3.0 2.4
3.7 4.0
5.7 4.1
5.0 4.5
4.8 4.5

0.0
5.7
2.8
6.4
4.8
4.7
5.6
1.2
6.8
4.3
4.3
6.8
4.7
1.9
1.7
3.8
3.7
3.7
3.9
3.8
5.2
4.0
5.4
4.6

0.0
3.6
3.4
6.3
4.0
3.9
7.9
2.1
2.9
3.7
4.2
5.5
4.7
1.4
2.0
1.4
2.8
4.1
1.7
2.7
5.2
3.7
4.7
4.4

0.0
3.4
3.4
3.8
4.7
4.6
3.9
4.9
1.8
3.9
5.2
5.2
0.0
0.4
0.7
2.2
4.2
4.3
4.6
3.5
4.8
3.9
9.0*
5.4

0.0
6.9
7.8
6.1
6.6
4.4
1.8
9.7
4.2
5.4
5.5
7.7
0.0
1.3
6.2
2.4
3.6
4.5
3.6
3.9
5.8
7.5
4.8
5.1

14.3 7.1 0.0

0.0

1st

2nd

3rd

4th

1.3
2.6
3.0
4.3
6.5
8.2
3.8
1.8
4.2
4.1
4.3
2.0
1.5
1.1
1.9
2.8
4.6
2.4
3.1
3.1
4.5
7.2
4.9

0.0
2.8
2.1
3.3
4.0
3.8
0.0
3.0
5.2
4.5
3.9
5.0
2.0
1.0
4.4
3.4
3.8
4.1
3.2
3.6
6.2
3.7
5.1
4.4

0.0
4.7
1.3
3.7
5.9
6.4
0.0
0.8
2.0
4.4
3.7
5.8
1.9
0.0
1.6
2.0
3.0
3.3
4.7
3.8
6.4
4.5
5.1
4.0

4.1
2.9
3.0
6.7
4.8
5.6
1.9
2.6
4.1
4.4
6.1
1.9
0.0
5.2
3.4
3.3
3.5
5.0
4.4
5.4
5.9
7.2
5.7

3.1
2.8
1.5
2.0
4.1
3.4
4.3
3.1
2.0
3.1
5.0
3.8
4.1
4.3

4.8
3.4
3.5
0.8
1.9
3.6
3.3
3.6
4.1
2.3
2.9
4.2
3.8
4.3
4.9

0.0
0.0

6.5
3.6
3.9
4.4
5.9
5.8
7.0
5.3
4.4
4.2
7.1
7.5
7.0
5.5
6.2

4.4
4.2
4.4
6.9
4.6
5.6
5.0
3.1
3.7
3.7
5.5
5.9
5.5
4.6
5.7

4.3
4.8
5.4
3.9
3.3
4.4
4.8
4.1
5.0
3.0
4.5
5.4
5.4
5.2
6.1

4.3
5.2
5.6
3.8
3.0
4.3
4.6
5.0
4.8
2.8
3.7
4.5
5.1
5.3
6.1

4.3
3.5
3.9
5.2
3.4
4.5
4.6
4.2
5.2
4.5
3.7
5.0
4.5
4.3
5.6

4.3
4.0
3.7
3.1
3.6
4.5
4.2
3.7
5.7
3.8
3.3
3.7
4.8
4.5
5.6

11.3
4.2
4.7
1.7
2.8
3.1
4.2
3.9
5.2
1.5
3.2
3.4
4.8
4.9
6.5

4.5
5.3
2.4
3.5
4.6
3.3
3.9
3.9
2.2
2.6
3.2
3.9
4.6
5.9

4.3
4.5
3.3
1.7
3.2
4.3
3.8
3.8
4.3
3.7
3.4
4.8
4.3
4.5
5.3

3.1
5.0
3.0
1.4
2.5
3.2
3.8
4.6
3.3
2.4
3.8
3.8
4.0
4.9

4.6
4.0
0.8
2.8
2.8
4.2
4.4
4.5
2.6
3.4
3.3
3.8
5.5
4.9

8.6
5.1
2.4
2.5
3.5
3.5
4.2
3.3
3.1
2.9
2.7
3.7
5.0
4.8

5.1
5.0
1.9
2.0
2.1
2.9
7.1
3.3
3.7
3.4
3.8
4.2
5.6
5.3

Vacancy Rates by Size of Apartment Unit by County
(In Percent)

County
Adams

Arapahoe

Square Feet
in Unit

2008

2009

2010

2011

2012

2013

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

499 below

18.3 14.0

6.7

9.5

7.5

8.8 12.8

6.6

2.2

6.3 13.0

9.2

9.2

3.5

3.3

4.7

4.2

6.2

4.9

7.7

8.3

7.8

6.4

2.8

16.4

17.6

2.8

11.9

1.9

10.5

7.4

3.4

1.3

6.3

2.2

3.2

0.7

7.8

4.9

5.8

500 to 749

7.8 10.2

5.8 10.3

9.1

8.0

8.4

7.2

5.4

4.9

6.0

6.5

7.5

5.5

5.5

6.7

5.8

5.6

7.1

8.9

7.5

8.2

7.3

6.1

6.9

5.0

4.4

6.0

5.9

4.9

4.7

4.4

4.1

3.8

3.7

3.8

2.9

3.5

3.2

4.7

750 to 999

9.8

9.8

7.9 11.0

9.6

8.6

7.2

8.7

7.6

6.4

6.0

7.7

8.0

7.3

6.5

7.7

6.6

6.8

7.6

9.2

9.0

8.9

6.6

6.5

6.9

5.3

4.6

6.0

5.7

5.9

6.0

5.7

4.8

5.9

4.8

4.7

7.2

3.9

7.2

5.1

1000 above

10.3

9.0

9.7 15.0 14.6

7.6

8.1

8.1

8.4

8.3

8.4

6.0

6.7

499 below

Boulder/
499 below
Broomfield
500 to 749

9.8

7.5

8.4

8.1

7.3

6.9

7.5

6.3

5.8

7.8

7.6

6.3

6.1

4.9

4.4

4.7

5.2

4.4

5.1

5.6

4.8

4.7

4.1

5.4

5.1

4.2

6.9

5.0

5.8

9.3 11.8

9.1

7.4

9.6 11.6 10.1

6.4

7.0

8.2

9.0 11.3 12.5 18.8 16.2 17.3 15.2 11.4

18.0

18.4

13.9

14.3

13.1

10.0

12.4

8.4

7.3

5.0

4.0

4.9

3.2

3.7

3.9

2.1

8.7 10.0

7.8

7.2

6.4

6.6

6.3

6.4

6.5

6.8

8.3

5.5

4.4

5.2

7.1

5.8

6.5

6.5

9.4 12.6

7.5

8.5

6.8

6.6

6.0

5.4

5.4

4.6

5.3

6.9

5.3

6.6

5.0

4.0

3.4

5.2

4.9

5.3

8.2

5.0

5.5 11.4 10.0 11.0
11.6 10.0

8.3

7.2

6.4

6.9

6.7

7.5

6.5

7.1

7.7

6.7

5.3

6.2

5.7

5.6

6.8

7.9

9.4

9.2

9.0

8.5

6.6

5.7

6.3

6.6

5.9

5.2

5.5

6.6

7.3

5.2

5.0

5.5

3.8

4.1

4.7

12.0 12.0 10.6 11.2 10.2

9.3

8.2

9.5

8.3

7.2

7.8

7.6

6.3

6.7

7.5

6.9

5.9

5.0

6.1

6.4

6.1

6.6

8.8 10.0

9.4

7.9

8.5

6.6

5.1

6.8

6.7

7.1

6.0

5.0

6.9

5.8

5.0

4.4

5.5

5.4

4.4

4.8

5.6

12.9

9.6

8.1

6.1

8.3

8.5

4.3

4.1

3.6

4.3

4.5

5.1

4.3

6.5

3.8

4.1

3.7

5.1

4.5

4.9

4.9

7.9

5.0

5.3

4.8

6.5

3.9

1.4

2.0

3.1

3.0

3.6

1.6

3.9

2.4

3.4

2.3

2.2

2.8

2.2

7.2

7.8

4.8

8.8 12.1

5.3

9.0

5.4

5.2

5.0

3.7

4.2

3.7

2.3

2.2

5.5

6.7

7.0

4.2

5.2

5.4

6.6

5.8

6.1

4.8

4.3

3.0

2.5

2.6

2.2

4.2

3.6

3.8

2.6

2.4

2.1

1.3

3.6

1.9

2.8

750 to 999

11.9

8.7

4.9

9.2

8.2

8.9

7.4

5.7

7.9

5.5

6.6

5.6

4.4

3.8

5.7

6.0

7.0

4.8

6.0

5.7

7.6

6.0

6.3

5.6

5.3

3.2

3.2

5.9

5.0

4.6

4.8

3.9

3.7

2.7

4.0

3.6

4.3

2.7

3.8

1000 above

12.8 11.4

7.0

9.1 13.7 12.2

6.9

9.6 11.4

8.6

4.7

5.4

4.5

3.6

4.4

5.4

5.2

6.2

5.1

7.6

7.3

6.8

5.0

5.0

4.7

4.1

4.1

5.4

6.0

6.0

5.5

4.6

4.5

4.0

3.8

4.5

4.1

3.6

3.4

3.5

8.4 11.1

9.4

9.4

9.4

8.7

9.1

8.3

6.3

5.8

5.4

4.8

5.2

3.5

5.4

4.4

3.6

3.8

4.1

4.8

5.5

7.0

5.6

5.7

5.4

6.2

4.9

3.5

3.4

3.3

2.3

2.6

2.8

4.5

3.4

4.1

3.4

3.0

3.2

3.6

8.6

6.4

499 below
500 to 749

Metro
Average

2007

4th

1000 above

Jefferson

2006

3rd

750 to 999

Douglas

2005

2nd

500 to 749

Denver

2004
1st

9.8

9.7

7.2

9.0

8.3

8.2 10.0

8.7

7.1

7.1

6.5

5.8

6.0

4.9

4.9

5.2

4.6

5.0

5.2

6.8

6.9

6.9

5.9

7.1

5.6

5.8

4.3

3.8

4.2

4.0

3.5

4.0

3.8

4.6

3.9

5.4

3.9

3.8

4.1

750 to 999

10.1 10.4

8.4

8.8

8.3

8.3

8.5

8.3

8.6

8.0

8.4

7.2

7.7

6.7

4.9

5.3

5.6

5.9

6.3

8.5

7.9 10.1

9.3

9.4

6.9

7.3

5.5

5.8

4.4

3.5

4.5

5.5

4.4

4.6

4.3

5.6

5.0

4.2

4.4

6.0

1000 above

13.1 10.7 10.6 12.5 12.4 10.5 10.6

9.5

9.2

9.2

8.3

9.2

9.4

8.6

8.2

7.0

6.0

7.1

7.6 10.6 13.4 15.4 12.6 11.9

9.4

10.5

6.6

7.2

6.9

5.6

5.8

5.7

5.2

5.3

5.2

8.8*

8.7

6.8

5.9

6.6

35.8

499 below

5.7

9.5

8.7

9.8

8.3

4.2

8.7

1.9

1.4

2.2

1.8

9.1

9.1

9.4

8.6

8.6

0.0 21.4

7.1

14.3

7.1

0.0

6.1

6.1

3.0

1.1

500 to 749

12.3

7.2

8.0

5.6

4.2

8.9

7.2

6.3

4.2

2.8

3.4

4.1

4.5

5.9

4.8

5.4

3.9

5.4

5.1

6.1

5.7

6.7

4.9

7.9

3.3

4.3

2.3

5.2

2.7

4.3

0.0
5.1

6.7

2.3

2.4

0.3

4.3

3.1

3.1

2.8

5.7

750 to 999

13.8 10.3

6.7

8.8

6.9

5.6

6.7

6.2

6.2

5.3

5.7

5.9

5.1

4.8

4.7

5.5

5.3

8.2

5.9

6.8

6.7

5.9

3.7

4.9

4.8

4.5

4.3

4.6

4.2

4.3

3.9

4.4

4.9

4.1

4.0

3.9

4.8

2.9

3.7

4.1

1000 above

15.9

9.8 11.9 11.8 10.6

6.9

8.2 10.2 10.7

6.7

7.4

8.8

7.9

7.2

6.8

9.3

7.8

8.9

5.7

8.3

7.6

5.3

5.0

5.9

4.0

3.1

4.6

5.9

7.1

3.1

3.6

4.7

5.0

3.7

4.7

4.9

4.9

2.9

3.4

5.9

499 below

7.7

9.5

5.2

5.5 11.3

6.9

6.2

6.2 11.0

9.1

9.3

9.0

6.6 11.9

6.7

7.6

7.0

8.1

6.7

6.3

7.3

9.0

9.9

8.2

4.8

5.0

4.9

4.8

4.7

4.1

2.6

2.0

4.2

1.7

0.2

3.2

3.3

3.4

2.7

1.8

500 to 749

9.4

8.5

8.3

9.9

7.7

7.2

6.1

6.1

6.4

6.5

6.5

5.7

5.1

7.9

4.6

5.4

5.5

5.4

5.5

6.8

7.3

7.4

6.0

7.5

5.5

5.2

3.8

4.3

4.7

3.7

4.0

3.1

3.5

3.4

4.0

3.5

3.1

3.0

2.7

3.3

750 to 999

9.0

9.4

9.9

9.1

9.3

9.8

7.6

8.2

7.7

7.8

7.6

6.3

6.2

6.3

5.1

5.9

5.1

6.2

6.4

7.9

8.0

7.2

6.1

7.1

6.4

5.9

3.9

4.2

4.9

4.6

4.3

5.0

3.7

3.9

3.5

4.2

4.3

4.1

4.1

5.0

1000 above

9.0

9.1

6.9

8.9

8.6

6.8

6.4

9.0

7.8

7.1

7.2

7.9

7.7

7.6

6.4

6.4

6.4

6.1

7.9

7.2

7.4

6.1

6.1

6.7

5.2

5.0

4.0

5.1

4.4

5.6

5.5

5.1

4.3

5.2

4.2

5.1

3.4

4.0

4.0

6.3

499 below

9.2 10.7

8.8

8.9

8.3

7.6

8.1

8.5

7.4

6.5

7.2

7.5

7.1

5.6

5.4

5.5

5.2

5.7

6.1

8.5

7.5 10.1

8.3

6.9

9.0

9.9

7.5

6.8

6.4

5.7

6.0

4.0

3.8

4.3

3.0

3.8

6.4

3.3

3.3

2.7

500 to 749

9.6

9.5

7.5

9.6

8.4

7.5

7.9

7.2

6.4

6.3

6.2

6.0

6.7

5.5

4.6

5.4

5.8

5.5

5.9

6.9

7.7

8.9

6.6

7.4

6.1

5.8

4.8

4.7

4.8

4.2

4.5

5.0

4.3

4.9

4.1

4.2

3.3

4.2

4.0

5.1

750 to 999

10.1

9.3

8.1

9.4

8.6

8.0

7.3

7.6

7.2

7.3

6.8

6.9

7.1

6.4

5.2

6.1

5.7

6.3

6.6

8.0

8.2

8.6

7.5

7.7

6.4

5.9

5.1

5.5

5.3

4.8

5.0

5.7

5.3

4.8

4.4

4.9

4.7

4.0

4.6

5.0

1000 above

12.1 10.6

9.7 11.4 11.3

8.8

7.8

8.9

8.7

7.4

7.1

8.0

7.6

6.8

6.2

6.9

6.5

6.9

7.0

8.8

9.6

9.4

7.8

8.1

6.6

6.0

5.6

6.2

6.4

5.4

5.1

5.8

5.1

4.8

4.5

5.9

5.6

4.5

4.8

5.8

* vacancy rate affected by new units leasing up

II-13

Vacancy Rates by Age of Building by County
(In Percent)
2004
County
Adams

Year
To 1939
1940-49
1950-59
1960-69
1970-79
1980-89
1990-99
2000-04
2005 up
To 1939
Arapahoe
1940-49
1950-59
1960-69
1970-79
1980-89
1990-99
2000-04
2005 up
To 1939
Boulder/
1940-49
Broomfield
1950-59
1960-69
1970-79
1980-89
1990-99
2000-04
2005 up
To 1939
Denver
1940-49
1950-59
1960-69
1970-79
1980-89
1990-99
2000-04
2005 up
To 1939
Douglas
1940-49
1950-59
1960-69
1970-79
1980-89
1990-99
2000-04
2005 up
To 1939
Jefferson
1940-49
1950-59
1960-69
1970-79
1980-89
1990-99
2000-04
2005 up
Metro Average To 1939
1940-49
1950-59
1960-69
1970-79
1980-89
1990-99
2000-04
2005 up

2005

1st

2nd

3rd

4th

1st

0.0
0.0
3.1
12.3
6.7
8.5
13.8

50.0
0.0
16.5
12.4
8.2
6.4
9.9

0.0
0.0
7.1
7.8
7.5
6.9
8.4

10.4
11.3
10.8
12.3
13.7

0.0
9.2
8.5
9.7
10.2
13.1

4.5
7.4
13.0
8.8
6.8
20.0

7.4
8.5
14.1
7.2
6.0
15.1

3.9
7.8
13.6
7.3
5.8
10.8

5.1
10.2
14.4
8.3
6.9
11.6

0.0
0.0
6.1
11.8
7.7

0.0

0.0

9.7
9.2
9.5

12.2
7.1
7.5
12.1
10.8
11.8
6.9
8.6
13.9

11.3
3.5
10.3
17.5

2nd

2006

2007

4th

1st

2nd

3rd

4th

0.0
0.0
7.7
8.8
8.3
8.0
7.9

0.0
5.2
6.7
8.3
7.1
6.5
0.0

0.0
0.0
6.8
5.8
6.4
5.1
6.7
3.3

0.0
21.2
8.2
7.2
6.6
4.5
5.6
4.2
0.0

0.0

16.7
7.6
8.3
8.8
10.7
8.2

3rd
14.0
0.0
16.7
5.6
10.1
8.0
6.4
6.9

5.1

2.2
10.5
10.4
8.0
5.6
9.8

3.9
9.7
9.6
6.6
5.7
7.4

3.9
9.8
9.9
5.7
5.3
5.6

3.1
9.2
9.7
6.3
6.1
6.7

0.0
7.7
9.1
5.9
5.4
7.6

3.0
9.5
9.1
6.4
5.1
6.5

15.4
16.7
9.5
5.4
4.2
4.7

0.0

0.0

0.0

0.0

13.3
0.0

0.0

0.0

0.9
6.9
3.5

5.0
8.6
15.0

7.3
9.0
13.2

15.7

6.2

7.3

18.5

7.2
8.1
9.6
9.8
7.1

10.8
5.0
6.5
6.2
12.8

3.9
5.5
7.7
7.5
9.2

4.0
2.9
5.1
8.0
11.0

5.2
5.6
7.2
8.2
7.2

9.7
15.4
10.3
12.1
11.6
8.0
7.9
8.0

6.1
8.0
13.4
10.6
8.5
6.5
7.1
11.1

6.2
5.5
13.3
10.0
10.6
7.7
7.6
13.0

7.2
7.9
9.8
9.2
10.9
5.6
7.5
11.4

5.8
8.2
9.5
10.5
11.5
5.6
5.9
9.3

5.0
6.0
14.2
15.3
12.0
8.2
5.9
6.2

6.1
7.0
11.7
11.4
10.7
6.9
8.0
5.7
0.0

4.4
3.8
12.7
6.9
9.6
6.0
8.3
5.9
3.6

11.3
1.9
7.9
12.3

2.7
9.4
9.1

0.7
10.4
9.5

8.1
9.2
8.4

3.1
2.6
8.3
4.9

0.0
8.2
7.2

8.8
7.7

6.0
8.3
8.1

1st

2nd

2008
3rd

1st

2nd

2009
3rd
0.0

4th
8.3

1st
8.3

2nd
0.0

2010
3rd
0.0

2011

2012

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

0.0
8.0
6.4
5.0
4.5
4.1
8.3
9.1

10.0
7.3
5.1
4.1
4.2
4.1
4.3
0.0

10.0
10.7
7.9
4.4
5.2
4.7
6.7
9.1

20.0
7.6
8.9
4.0
5.3
4.6
5.3

0.0
6.8
5.8
4.6
5.5
5.1
4.8

0.0
8.2
6.2
4.8
5.5
4.7
5.5

0.0
6.4
5.3
4.7
5.8
5.2
6.1

0.0
6.2
5.0
4.4
3.6
4.1
7.5

10.0
6.2
4.8
3.9
5.0
5.5
7.0

0.0
5.0
4.3
3.6
3.9
4.7
6.5
1.5

0.0
5.3
7.5
4.5
4.7
5.2
17.1
0.0
0.0

4.6
5.6
4.6
4.7
3.9
13.3
0.0
0.0

3.8
7.2
5.1
4.5
3.3
9.6
0.0
0.0

5.1
8.7
6.8
5.9
4.5
10.0
0.0
0.0

1.8
7.6
6.3
6.1
4.4
7.6
0.0
0.0

3.3
7.5
6.1
5.0
3.3
5.7

0.0

20.0
6.5
9.2
7.2
6.0
6.5
30.0
0.0

0.0
6.0
10.6
9.1
8.7
7.3
22.1
9.1

7.7
11.4
8.9
7.7
6.4
7.5
45.8
9.1

7.7
12.0
10.9
7.7
5.1
7.5
21.4
9.1

7.7
14.2
9.7
6.3
5.8
4.9
3.4
4.5

3.8
8.7
8.7
5.9
5.6
4.8
6.5
4.5

0.0
7.3
4.8
5.7
5.0
6.2
22.9

0.0
7.0
7.4
6.9
4.7
7.2
19.7

0.0
9.0
9.2
6.6
5.6
6.9
23.4

0.0
9.1
10.5
7.4
6.6
11.1
31.9

5.0
9.4
13.7
7.8
5.7
11.1
28.1

0.0
9.5
9.9
6.4
6.3
5.7
27.5

0.0
7.1
11.1
7.0
6.8
6.0
21.0

0.0
7.0
9.1
6.1
3.7
5.0
18.6

0.0
5.0
9.6
4.8
3.9
4.8
10.2

0.0
4.8
7.7
4.7
3.3
4.5
23.2

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0
4.5
7.1
5.3
4.5
4.2
18.9
0.0
0.0

4.7
3.2
10.1
6.5
4.8

2.0
3.8
13.9
6.3
5.8

1.2
4.4
6.3
4.8
5.2

1.9
4.4
7.0
7.5
6.5

3.4
7.5
6.7
4.2
6.5
5.3
5.2
5.1
7.6

4.4
4.0
5.2
4.5
5.3
5.7
4.9
4.9
5.1

3.8
6.1
8.2
4.0
5.7
6.5
5.8
5.3
6.5

4.9
4.4
7.2
4.6
6.4
5.2
6.5
6.2
9.2

5.8
7.0
9.3
6.4
7.6
6.9
10.3
8.1
16.3

2.2
5.0
5.6
7.2
6.8
5.2
9.3
5.0
8.8
6.0
7.4
6.7
10.9
7.5
24.1

3.1
10.3
4.3
7.6
7.6
7.8
6.9
6.5
9.7
8.8
10.8
6.8
8.5
6.4
29.7

7.8
4.9
2.7
6.8
4.7
0.6
5.8
4.9
6.7
7.5
9.4
5.6
7.1
7.0
23.1

2.9
5.5
5.7
7.2
5.0
0.6
4.2
5.0
8.9
9.9
9.9
5.9
7.0
6.9
21.8

2.9
5.0
5.1
6.0
4.8
0.6
5.6
5.4
6.8
8.0
6.7
6.2
5.3
4.8
19.4

4.0
4.3
3.7
6.0
4.7
3.4
5.5
6.1
7.6
7.4
6.8
6.1
5.7
7.6
17.6

1.4
3.4
4.6
4.0
3.4
1.1
2.4
4.6
7.7
7.6
4.5
4.3
4.8
4.4
10.8

2.2
2.8
4.8
4.1
2.3
5.3
2.6
3.1
4.3
5.1
5.0
4.1
4.3
4.8
11.1

2.9
2.9
6.8
3.7
2.5
22.1
2.1
2.7
5.1
5.9
4.3
4.5
4.4
4.5
8.6

3.1
4.6
5.5
3.5
3.4
12.1
2.6
2.8
4.6
6.3
3.9
3.9
3.6
3.7
5.4

1.9
4.1
7.1
5.1
3.5
5.4
1.8
2.8
3.8
4.1
4.2
4.0
3.7
4.0
7.3

2.6
3.4
7.0
4.7
3.8
5.2
2.4
3.0
1.3
3.8
5.0
5.2
3.6
5.1
6.7

1.2
1.3
11.2
3.0
4.1
4.8
1.5
2.5
3.0
2.8
5.0
3.8
5.4
4.8
4.8

5.5
6.4
5.1

4.5
8.0
6.6

4.1
7.1
5.7

4.5
9.5
7.9

4.5
7.6
5.1

7.8
7.6
7.8
7.2

7.3
7.0

15.1
4.6
5.5

8.9
3.1
4.6

6.7
5.4
5.3

6.1
3.7
4.5

4.2
3.4
4.1

4.4
4.5
4.2

4.3
5.1
5.4

4.3
4.3
6.1

3.7
3.8
3.8

2.2
4.1
3.9

4.4
3.6
5.4

3.2
5.5
4.6

0.0
9.3
8.0
4.9
4.8
6.8

0.0
8.9
7.7
5.7
3.9
5.3

0.0
8.8
9.0
6.8
5.3
7.5

11.1
7.5
10.0
7.7
4.8
7.3

0.0
7.9
6.9
5.6
4.2
7.4

11.1
6.6
5.9
4.9
4.0
4.7

0.0

0.0

0.0

0.0

2.9
4.6
5.4
5.9
7.4
3.7
4.3
6.0
6.3
5.5
8.1
8.7
6.8
19.7

2.8
3.1
6.8
3.8
8.2
2.6
3.6
5.4
10.3
5.1
5.8
7.1
11.3
6.9
28.4

1.6
4.5
5.5
4.2
3.4

3.9
5.2
8.9
8.5
9.2
6.1
7.4
7.0
33.1

5.0
3.7
5.1
4.4
5.3
9.5
3.6
6.1
6.9
7.3
8.2
6.4
4.6
6.2
30.9

8.0
4.9
6.4

4.8
6.1
6.6

4.0
6.4
7.5

6.9
6.1

8.7
12.2
6.9
4.5
6.2

5.8
7.5
5.7
6.4
6.5

8.8
7.9
5.9
7.6
6.3

9.1

9.1

0.0
6.4
6.4
5.8
5.4
6.2

0.0
8.9
6.6
5.2
5.4
5.9
98.2

0.0

0.0

2.5
2.3
4.3
4.3
3.7

3.1
3.3
8.3
6.7
4.3

2.7
6.8
9.0
5.3
4.9
6.8
9.1
5.0
18.5

4.2
7.3
8.6
5.8
5.6
4.6
8.0
4.7
13.4

5.5
6.9
5.2

2013

4th

0.0
4.5
10.3
10.0
6.2
5.1
4.5
8.2
0.0

0.0
9.1
9.6
8.1
6.8
6.4

7.6
9.4
7.1
6.7
6.1

4th

3rd

4th

10.0
0.0
2.7
5.1
4.1
3.1
4.0
3.9
5.3
3.5
4.7
4.5
9.1 31.8*

30.0
4.9
3.8
4.1
4.0
3.4
3.6

40.0
5.3
4.5
2.9
10.4
3.8
55.5
0.0

20.0
2.1
4.9
5.2
5.2
4.8
15.0
3.0

3.8
6.6
3.8
4.1
3.6
5.4
0.0
0.0

2.1
5.1
6.5
4.3
4.9
3.4
4.5
0.0
0.0

0.0
6.9
5.8
4.5
5.4
4.8
5.6
14.3
0.0

1.7
2.7
3.6
4.2
3.6
4.4
3.2
3.6
5.0
4.6
6.1
4.4
5.0
4.1
4.3

2.0
2.2
2.2
2.3
4.1
4.4
2.8
3.2
2.4
4.2
4.5
6.7
2.6
2.2
1.5
3.0
2.2
2.8
3.7
4.2
4.4
6.7
5.0
5.1
4.7
5.7
4.4
5.8
4.6 15.7*

0.5
2.1
3.0
4.0
3.3
4.0
2.2
3.1
2.2
5.0
5.1
4.7
5.5
5.2
11.5

0.9
2.1
6.1
3.9
3.2
4.2
2.2
18.9
2.6
4.2
3.7
4.7
3.7
4.7
7.5

0.0
2.3
4.0
2.9
2.3
3.8
2.0
12.0
3.3
4.8
3.0
5.6
3.9
4.0
7.7

1.5
3.0
3.1
3.8
3.8
3.5
2.9
12.7
2.0
4.6
4.9
6.2
8.1
5.5
10.7

3.4
3.4
4.3

0.2
5.1
3.7
8.4
12.5

0.5
4.1
5.4
28.2
0.0

1.7
4.0
2.5
0.0
12.5

2.2
4.7
2.9
3.6
0.0

0.0
3.0
6.4
4.4
6.6
0.0

3.4
2.8
3.8
5.1
4.7
5.7
3.5
2.3
2.8
2.9
3.3
4.7
5.1
4.9
4.5
7.9

1.5
3.0
3.7
3.6
3.6
6.2
4.1
2.3
2.9
2.2
4.0
4.1
3.6
4.2
4.8
10.1

1.1
3.7
3.4
3.1
4.0
5.5
4.3
2.2
17.6
2.6
3.9
4.4
4.0
4.0
3.7
5.6

4.4
2.6
2.9
3.0
4.9
4.3
3.2
2.0
11.4
3.9
4.0
4.2
4.3
5.1
3.5
6.4

1.8
2.7
2.8
4.3
3.4
4.0
39.5
2.9
11.8
1.9
4.4
4.6
4.9
5.1
4.7
9.5

6.8

6.5

15.9

8.9

2.4

4.8

0.0

7.1

14.3

4.8

0.0

0.0

0.0

0.0

0.0

37.5

0.0

0.0

0.0

0.0

0.0

4.5

12.5

12.5

0.0

0.0

0.0

0.0

0.0

0.0

4.5

0.0

0.0

0.0

11.1
4.9
12.5
6.1
3.3
7.6

12.8
7.7
11.7
7.5
4.0
6.9

6.7
6.7
11.1
5.3
8.2
5.7

7.3
10.1
11.9
7.2
7.1
6.5

9.8
8.6
10.9
6.6
8.5
5.8

10.4
7.1
11.0
6.8
6.5
3.3

10.5
8.8
9.7
5.1
4.9
3.1

7.1
7.2
10.3
7.3
12.4
7.7
8.3
16.0

9.6
15.4
10.2
10.9
12.2
7.5
6.9
12.0

6.5
7.3
10.8
7.2
10.2
6.8
7.1
9.5

6.3
5.4
11.0
9.6
11.9
8.5
8.9
11.3

7.1
7.7
8.7
9.2
10.4
7.7
7.9
10.6

5.7
8.0
8.7
8.9
10.3
6.9
7.4
7.1

5.8
5.8
11.7
10.5
10.3
6.6
5.9
6.8

12.4
5.9
9.0
6.0
5.9
8.2
28.8
6.6
6.7
11.4
8.3
9.6
6.7
7.0
7.3
24.8

26.7
7.7
9.2
5.5
4.9
8.4
22.7
4.7
3.8
14.5
6.6
8.6
6.2
6.6
7.6
14.1

27.7
7.8
8.9
5.8
4.8
6.9
17.4
3.9
5.1
11.4
8.1
8.5
6.3
5.6
6.6
17.7

26.4
8.3
8.2
5.9
5.8
7.5
10.6
3.4
6.0
13.0
10.1
8.1
5.8
4.9
5.8
22.7

5.8
5.4
6.9
5.5
7.5
7.2
8.5
3.7
4.2
5.9
6.4
7.3
6.8
6.5
7.0
13.9

7.1
6.0
6.4
5.8
5.5
7.0
18.2
3.6
5.3
10.0
6.2
7.5
7.3
6.1
6.8
21.1

17.4
5.4
8.3
7.8
5.7
7.3
9.6
2.6
6.7
9.5
5.6
6.6
6.1
5.6
6.1
14.4

5.8
4.2
5.6
4.6
6.3
4.7
6.0
4.2
7.2
8.3
5.6
5.8
4.9
5.4
4.8
10.8

7.3
4.9
5.8
5.8
6.3
7.6
6.5
3.7
7.4
6.7
5.1
6.8
5.9
6.0
6.0
7.2

2.9
5.1
5.4
5.1
6.3
7.2
5.2
4.4
4.0
5.0
6.0
5.8
5.5
6.0
5.8
22.8

8.7
6.3
6.8
5.0
4.5
6.5
11.5
3.7
6.0
8.3
5.6
5.9
6.1
6.2
6.4
12.7

9.3
5.3
6.7
5.1
5.0
4.9
24.2
4.7
4.3
7.6
5.1
6.9
6.3
5.6
6.2
17.2

10.8
7.1
7.4
6.5
7.9
4.9
11.6
5.9
6.9
9.4
6.6
8.1
7.1
7.6
7.2
19.0

11.0
5.6
9.0
5.8
6.5
8.0
10.6
9.2
5.0
9.1
6.8
8.5
7.0
7.3
8.2
25.9

11.5
4.7
9.2
6.4
5.9
4.7
7.4
6.8
6.4
10.0
7.7
11.2
7.4
6.2
7.5
26.0

12.6
4.5
8.9
4.8
5.1
5.7
7.1
5.8
4.9
7.7
8.2
8.9
5.9
5.9
5.4
20.0

10.2
10.8
9.0
5.3
6.3
7.1
5.9
4.3
4.9
8.9
8.4
9.4
6.3
6.5
5.8
17.2

6.1
4.1
7.9
4.4
4.5
7.3
5.3
5.5
5.1
6.6
7.0
7.9
5.9
4.7
4.9
13.5

7.0
6.2
7.7
4.4
4.2
4.3
3.9
5.5
5.9
7.3
6.3
7.6
5.0
4.6
5.1
11.0

9.1
4.6
4.0
3.5
4.3
3.5
3.5
2.4
4.5
7.9
5.8
5.3
4.4
4.0
4.2
13.1

7.5
4.4
4.7
3.8
4.6
4.3
6.1
2.6
3.0
5.2
4.9
5.8
4.7
4.6
4.5
12.7

9.0
4.7
4.3
4.2
5.2
5.0
7.2
2.1
2.6
6.3
5.2
5.7
4.5
4.6
5.0
12.5

6.8
3.2
5.1
4.6
5.1
2.5
4.2
2.5
2.6
4.8
4.9
5.0
4.4
4.5
3.9
8.9

4.7
2.7
4.9
3.7
4.5
4.4
10.2
1.8
2.7
3.9
3.9
5.6
4.7
4.6
3.9
8.0

2.4
2.6
4.1
4.4
4.8
4.5
11.0
2.3
2.9
1.3
4.0
5.9
5.8
5.1
4.9
7.8

3.5
3.3
3.8
3.5
4.4
3.6
3.4
1.5
2.4
3.0
2.9
5.3
5.4
4.9
4.4
6.0

2.4
3.6
4.2
3.4
4.7
4.1
1.1
3.2
3.6
4.9
4.0
5.6
4.9
4.6
4.1
5.0

4.9
2.4
2.8
4.3
4.3
5.5
5.7
2.5
1.8
2.5
3.0
4.5
4.7
4.1
4.0
5.2

II-14

2nd

16.7
4.0
4.6
3.3
4.7
4.6
4.9
14.3
0.0

0.2
4.1
4.0
9.5
0.0

* vacancy rate affected by new units leasing up

1st

0.0
3.2
4.1
5.7
5.3
4.2
5.7
0.0
0.0

0.0

16.7
2.0
6.1
5.2
4.4
3.3
5.2
0.0
12.5

4th

Vacancy Rates by Apartment Type by County
(In Percent)
2004

County

2nd

3rd

4th

1st

Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All

4.6
8.5
9.9
11.4
10.9
9.6
10.1
10.5
9.3
12.0
11.6
10.8
14.1
9.8
9.0
10.8
18.1
11.0
10.1
8.8
11.2
11.7
12.5
10.2
33.3
12.7
12.1
16.2
18.1
14.5
6.8
8.5
9.9
9.2
12.2
9.1
10.2
9.6
10.1
11.7
13.4
10.5

13.9
9.2
11.7
9.9
7.7
9.9
13.7
8.8
8.9
10.8
13.5
9.8
12.6
7.3
9.3
8.7
19.2
9.5
10.9
9.3
11.5
10.0
13.5
10.1
41.7
7.7
12.3
9.8
11.5
9.8
7.9
8.4
10.0
9.6
10.1
9.1
11.8
8.8
10.4
10.1
12.2
9.7

3.5
6.4
8.0
8.2
12.0
7.6
10.7
7.8
9.1
10.6
12.1
9.2
5.5
4.9
6.2
6.0
10.1
6.0
9.8
7.4
7.9
9.4
14.3
8.3
25.0
7.1
6.2
11.8
13.1
9.2
8.2
8.3
9.6
7.9
9.0
8.5
9.6
7.3
8.4
9.5
11.4
8.5

19.2
10.1
11.8
14.0
10.3
11.7
11.3
9.2
10.6
10.8
11.1
10.1
7.6
7.6
11.2
9.7
8.9
9.0
10.3
8.6
9.3
11.4
15.4
9.8
0.0
8.5
9.1
11.8
14.0
10.1
6.4
9.1
10.1
8.9
10.0
9.3
10.0
9.0
10.3
11.1
11.1
10.0

18.8
9.4
8.7
13.2
11.3
10.6
7.0
7.4
9.9
10.2
11.1
8.9
7.2
10.3
10.4
14.0
12.4
11.1
9.7
7.8
9.8
10.7
14.2
9.2
2.1
5.9
11.1
9.7
14.2
8.4
9.1
7.7
10.6
7.8
9.0
8.5
9.2
7.9
9.9
10.6
11.4
9.3

Jefferson

Douglas

Denver

Boulder/Broomfield

Arapahoe

Adams

1st

Metro Average

2006

2005

Apartment Type

2nd

3rd

4th

13.2 9.5 6.6
7.5 7.1 6.6
9.2 8.9 9.2
10.5 8.2 9.8
8.2 7.4 9.2
8.7 7.7 8.1
5.4 8.0 8.5
6.7 5.7 6.4
8.1 9.0 9.4
7.8 6.9 7.5
9.7 9.6 9.8
7.4 6.8 7.4
7.9 3.8 4.2
5.6 6.9 4.6
9.5 9.1 9.9
10.8 9.2 9.4
13.7 6.9 8.8
8.7 7.8 7.3
10.4 11.4 9.0
7.5 8.7 7.9
9.7 10.7 9.8
9.2 9.6 8.9
15.9 15.0 16.0
8.7 9.6 8.7
2.1 0.0
5.3 6.2 5.7
7.6 9.0 9.0
7.2 8.2 9.9
6.2 8.9 12.1
6.4 7.5 8.1
12.1 9.8 4.8
6.5 5.6 5.8
10.0 9.8 10.0
7.7 5.6 8.1
8.5 7.7 8.3
8.0 6.8 7.6
9.7 9.9 7.9
6.8 6.7 6.5
9.1 9.5 9.6
8.6 7.7 8.5
9.9 8.6 10.1
8.0 7.7 7.9

1st

2nd

3rd

2007
4th

1st

2nd

4.3 6.5 7.4 7.3 5.9 4.2
5.9 4.9 5.7 5.8 6.8 5.6
7.1 5.9 6.3 9.4 9.2 7.7
7.9 7.5 6.9 7.9 8.0 7.1
10.0 8.8 8.7 8.9 8.9 6.2
7.0 6.1 6.4 7.4 7.8 6.3
7.5 8.4 5.9 9.5 7.1 4.3
5.9 6.1 5.6 6.4 7.1 5.4
8.6 8.5 9.6 10.2 10.7 8.4
7.4 7.2 6.5 7.1 7.4 6.0
10.0 7.3 10.8 9.2 9.1 7.8
7.0 6.8 6.7 7.4 7.8 6.1
5.1 8.0 6.9 8.1 8.8 8.6
4.9 4.5 3.9 4.8 3.8 2.5
6.4 9.5 5.7 6.7 5.7 5.8
9.6 9.2 5.1 5.7 5.0 4.4
10.4 7.2 5.3 4.7 5.0 3.9
6.9 7.0 4.8 5.5 4.7 4.0
7.1 8.2 7.3 5.6 7.1 4.7
6.9 6.5 6.6 6.3 6.6 5.4
9.7 9.3 9.1 6.6 6.3 5.5
8.0 7.9 6.9 8.4 8.7 8.7
18.5 14.7 16.1 13.1 12.8 6.1
7.8 7.6 7.3 6.9 7.2 6.1
0.0 4.2 2.1 8.3 0.0 6.3
4.8 4.9 4.5 4.6 4.4 4.2
9.7 6.9 8.7 9.2 7.9 6.4
10.7 6.0 7.0 8.2 7.7 6.9
12.2 8.0 9.8 10.9 9.1 7.9
8.2 5.7 6.4 7.0 6.4 5.8
9.7 12.9 8.6 12.1 12.5 10.6
6.3 6.5 6.5 5.5 4.9 7.2
8.6 8.3 8.4 6.5 6.9 7.2
6.8 6.3 6.8 7.6 7.1 7.8
9.9 9.0 8.5 7.4 7.8 7.0
7.5 7.3 7.2 6.6 6.3 7.4
7.0 8.6 7.2 7.0 7.4 5.3
6.1 5.9 5.8 5.9 6.2 5.4
8.5 8.2 8.3 8.2 8.1 7.0
8.0 7.2 6.6 7.6 7.6 7.0
11.0 8.9 9.7 9.0 8.8 6.8
7.4 6.9 6.7 7.0 7.1 6.2

3rd

2008
4th

4.2 3.3
5.0 5.9
6.3 9.1
7.4 8.1
5.5 9.7
5.9 7.4
5.0 4.1
4.4 5.7
6.4 6.6
5.1 6.0
6.9 7.2
5.0 6.0
4.0 8.5
2.5 4.0
3.4 5.7
5.2 6.4
3.8 7.3
3.6 5.4
5.1 4.7
5.2 4.9
5.5 6.7
6.9 6.4
7.0 7.4
5.7 5.5
0.0 2.1
4.3 4.9
6.3 7.5
6.0 8.6
8.8 11.6
5.5 7.0
5.1 7.1
4.4 5.4
6.4 6.5
5.6 6.6
7.0 5.7
5.3 6.0
4.9 5.1
4.6 5.3
5.9 6.9
5.9 6.7
6.7 8.0
5.3 6.1

1st

2nd

2009

3rd

4th

1st

2nd

4.9 2.2 4.1 24.9
5.3 5.6 7.4 8.6
7.2 7.3 6.7 8.6
7.4 7.9 8.2 8.4
9.5 9.4 7.4 8.1
6.4 6.8 7.5 8.8
5.2 6.4 10.2 4.5
6.7 5.7 6.3 7.7
6.7 6.2 7.7 9.2
6.1 5.7 7.0 8.1
7.5 8.8 7.0 14.6
6.5 5.9 6.9 8.3
9.1 12.4 5.2 5.9
4.3 4.6 3.2 4.9
5.5 6.1 4.7 5.3
7.1 8.2 6.8 8.4
6.8 9.5 4.5 5.3
5.7 6.4 4.7 6.1
4.4 4.8 5.1 5.8
4.5 5.0 5.4 7.4
6.1 5.8 6.4 8.9
5.9 6.5 6.7 8.9
7.4 10.1 11.7 14.0
5.1 5.7 6.0 8.0
0.0 8.3 0.0 0.0
4.8 8.5 5.9 7.1
6.2 5.9 5.8 5.7
7.4 8.6 5.2 8.7
8.5 9.2 9.0 6.7
6.1 8.3 5.9 7.4
6.7 8.4 7.6 7.6
5.2 5.6 5.9 7.1
6.0 6.8 6.1 7.4
5.9 5.6 7.5 7.6
6.9 8.1 6.8 7.3
5.6 6.0 6.5 7.3
5.2 5.9 6.0 6.9
5.4 5.6 5.9 7.4
6.4 6.4 6.6 8.1
6.4 6.6 7.0 8.3
7.8 9.1 7.7 10.2
5.9 6.2 6.5 7.9

6.3
8.5
8.2
8.4
7.0
8.4
3.4
10.2
8.8
9.3
13.1
9.7
8.3
4.8
5.6
7.5
6.7
6.0
5.9
7.2
8.7
12.0
13.9
8.6
0.0
6.6
6.8
8.0
6.6
7.1
9.9
6.9
7.8
8.0
8.0
7.6
6.3
8.0
8.0
9.3
9.4
8.4

6.3
8.1
9.7
8.4
6.6
8.5
16.9
11.3
10.8
8.9
13.2
10.7
8.3
6.0
7.8
8.7
5.1
7.2
8.4
7.8
9.7
14.0
20.1
9.8
4.2
5.8
6.4
5.6
5.9
5.8
9.3
6.7
7.1
7.2
6.5
7.2
9.7
8.6
9.2
9.2
9.7
9.0

* vacancy rate affected by new units leasing up

II-15

3rd

2011

2010

2013

2012

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

25.8 1.4
5.5 5.2
7.5 8.0
6.4 6.6
5.4 7.1
6.7 6.3
3.1 4.5
8.7 8.8
8.8 9.4
8.1 8.2
10.2 8.4
8.5 8.6
4.9 3.9
5.1 5.2
6.2 6.2
5.8 6.8
6.1 5.2
5.5 5.8
6.9 6.9
7.2 7.7
7.5 8.8
11.7 11.2
15.5 14.1
8.5 8.8
0.0 6.3
4.0 4.7
2.9 6.0
5.0 5.9
5.6 7.1
4.3 5.5
6.9 11.3
5.4 6.7
7.0 8.1
7.0 7.1
5.9 6.5
6.3 7.3
7.4 6.6
6.9 7.3
7.4 8.3
8.0 8.1
8.1 8.0
7.4 7.7

23.8
6.2
7.6
6.4
6.3
6.8
11.4
6.8
8.0
7.1
8.9
7.2
4.1
5.0
5.3
5.3
3.9
5.0
5.7
6.3
5.9
8.8
11.5
6.9
0.0
4.5
5.0
4.1
5.2
4.4
8.8
4.9
6.5
6.5
4.4
5.8
7.0
6.1
6.8
6.9
7.1
6.5

23.3
4.7
5.6
5.3
4.6
5.2
10.2
6.3
7.5
5.6
8.2
6.4
5.1
4.4
4.6
5.7
5.1
4.9
6.8
6.4
7.2
9.8
8.9
7.4
2.1
4.4
3.6
3.5
2.7
3.9
3.0
4.9
6.1
6.0
5.2
5.4
7.1
5.7
6.3
6.4
6.0
6.1

0.8
4.2
5.0
4.7
3.8
4.4
9.6
6.3
7.8
6.4
9.7
6.7
1.5
2.8
3.9
4.6
3.3
3.5
4.8
4.7
5.7
6.4
4.6
5.3
2.1
4.0
5.1
4.2
5.6
4.4
4.2
3.9
4.1
3.9
3.4
3.9
5.2
4.9
5.7
5.5
5.6
5.3

7.7
5.6
6.5
5.7
4.6
5.7
4.7
6.0
8.1
6.8
7.6
6.6
1.2
2.7
4.6
4.1
5.0
3.6
3.7
4.5
6.4
6.5
6.4
5.2
6.3
4.2
6.1
5.9
5.5
5.2
2.5
4.5
4.5
5.0
3.4
4.5
3.7
5.1
6.4
6.1
5.6
5.5

7.7
5.2
5.8
6.2
4.3
5.6
5.8
5.8
7.7
6.7
6.8
6.4
2.6
4.7
4.8
5.8
2.0
4.9
2.8
4.4
6.0
5.8
6.8
4.8
2.1
3.9
4.6
7.5
5.7
5.3
7.1
4.7
5.2
4.3
3.3
4.7
4.1
5.0
6.1
6.1
5.1
5.5

6.9
5.0
6.3
5.2
3.2
5.2
5.1
4.7
5.6
6.3
7.0
5.5
3.5
3.6
5.3
5.4
5.2
4.6
3.2
3.9
4.5
4.8
4.4
4.1
4.2
4.6
3.1
3.0
3.9
3.8
2.6
4.2
4.6
5.0
5.2
4.5
3.7
4.4
5.2
5.4
5.1
4.8

5.8
4.7
6.6
5.9
3.0
5.3
5.5
5.0
7.7
5.8
5.0
5.6
3.3
3.7
5.4
5.2
5.4
4.7
2.5
3.9
5.0
5.4
3.6
4.3
2.1
3.7
4.7
3.2
5.5
3.8
0.4
4.2
4.4
4.6
5.9
4.4
3.0
4.4
6.0
5.4
4.7
4.9

4.8
4.4
6.1
6.4
4.1
5.3
4.2
6.4
8.7
6.7
8.7
6.8
4.0
3.6
5.0
5.3
4.4
4.4
3.3
4.2
6.8
5.4
5.6
4.8
8.3
4.8
2.6
4.9
6.1
4.7
2.3
3.6
5.2
4.8
5.0
4.4
3.5
4.9
6.5
5.9
6.0
5.4

1.3
3.7
5.5
5.3
4.0
4.5
3.7
5.1
9.9
6.7
5.6
6.3
1.3
3.8
3.0
4.4
1.6
3.9
3.1
3.9
5.1
4.9
4.7
4.2
2.1
4.9
4.4
5.3
4.2
4.9
5.9
3.3
3.6
4.6
3.7
3.8
3.1
4.3
6.0
5.6
4.3
4.9

3.8
3.9
5.4
6.0
4.6
4.9
8.5
5.3
6.7
5.5
4.5
5.5
5.6
3.3
3.5
3.8
4.7
3.6
4.1
4.4
5.9
5.1
4.7
4.8
6.3
3.7
4.4
3.9
3.6
3.9
3.4
3.8
3.1
4.5
4.6
4.0
4.7
4.5
5.2
5.1
4.5
4.8

1.2
3.9
4.4
4.3
4.4
4.2
3.8
4.5
6.4
4.9
3.5
4.8
1.4
2.4
2.9
4.0
3.3
2.9
2.9
4.1
4.6
5.4
2.8
4.3
0.0
3.7
3.4
4.9
4.3
4.1
1.1
3.9
3.7
3.6
3.7
3.7
2.6
4.0
4.7
4.7
3.7
4.3

3.7
3.9
4.7
5.1
6.1
4.5
4.2
4.1
6.0
5.9
5.8
5.0
1.4
3.4
3.2
4.6
4.9
3.7
3.4
6.1
6.7
7.3
3.5
6.1*
0.0
4.0
2.9
4.9
5.4
4.2
3.5
3.7
4.1
5.3
3.7
4.2
3.3
4.4
5.2
5.8
5.1
4.9

1.4
5.7
3.9
5.0
5.5
5.2
2.8
3.6
3.7
4.8
6.6
4.1
1.1
2.8
3.6
3.9
3.2
3.2
3.9
4.4
6.6
7.3
4.5
5.4
4.2
6.3
8.5
6.1
4.8
6.5
2.7
3.9
4.2
3.2
3.5
3.7
3.3
4.3
4.7
5.1
5.1
4.6

7.7
3.3
3.5
4.8
3.9
3.8
4.7
4.5
5.1
4.4
4.5
4.5
1.7
3.8
3.2
4.4
2.5
3.8
5.5
4.0
4.7
5.6
4.2
4.6
0.0
3.1
2.9
2.8
2.5
2.9
3.3
3.8
3.0
4.0
4.5
3.7
4.9
4.0
4.1
4.5
4.0
4.2

5.3
3.9
4.8
9.4
6.5
5.7
3.7
4.8
5.0
4.7
4.6
4.8
0.6
2.5
3.3
3.2
2.4
2.8
5.7
4.2
4.5
5.2
5.0
4.6
6.3
3.1
4.8
3.6
3.2
3.5
1.4
3.7
2.8
4.5
3.0
3.6
4.6
4.1
4.3
5.1
4.4
4.4

5.0
5.1
4.7
5.7
7.5
5.3
4.2
5.0
5.5
5.3
5.1
5.2
1.2
2.9
4.0
3.9
2.7
3.4
6.3
5.8
6.1
7.4
4.5
6.1
10.4
4.2
3.9
5.7
8.4
5.0
1.6
4.5
3.8
5.8
3.8
4.6
4.9
4.9
5.0
5.7
5.3
5.2

Average Rents by Apartment Type by County
(In Dollars)
2007
County

Adams
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Arapahoe
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Boulder/Broomfield
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Denver
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Douglas
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Jefferson
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Metro Average
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All

1st

2nd

2008
3rd

4th

1st

2nd

2010

2009
3rd

4th

1st

2nd

3rd

4th

1st

2nd

2011
3rd

4th

1st

2nd

2012
3rd

4th

1st

2nd

2013
3rd

4th

1st

2nd

3rd

4th

600.10 630.40 629.71 645.76 643.24 636.28 633.13 524.15 577.47 545.73 537.85 599.85 587.55 674.19 659.39 613.67 557.55 527.74 610.85 638.59 647.56 649.30 650.79 671.53 701.46 721.47 635.85 730.12
697.89 712.23 703.81 721.63 717.07 765.23 752.28 745.74 736.51 748.66 725.94 695.11 754.64 770.89 784.46 769.27 789.71 766.82 822.10 797.86 816.52 789.62 778.08 771.42 794.79 806.27 826.73 825.68
766.98 843.24 774.76 801.97 817.23 848.16 819.32 815.05 811.43 878.07 861.62 776.56 857.24 860.80 891.80 846.93 861.82 830.40 858.73 852.48 830.95 843.82 848.13 858.56 863.02 889.58 902.76 931.98
993.45 1009.73 982.53 982.56 963.46 1016.66 1020.40 1013.34 1006.93 1009.62 970.65 923.00 1013.25 1012.72 1035.89 1030.50 1036.53 1047.53 1080.14 1051.87 1116.15 1062.60 1067.54 1061.47 1077.02 1116.03 1150.05 1129.35
1146.78 1245.65 1195.80 1184.33 1199.67 1270.60 1291.58 1256.68 1204.98 1237.07 1125.97 1077.46 1113.73 1173.47 1203.03 1200.72 1255.98 1204.07 1308.25 1236.80 1246.64 1241.14 1282.64 1283.09 1315.65 1358.96 1479.06 1282.23
822.92 855.15 823.49 844.30 835.88 890.07 882.52 872.68 863.63 884.23 848.22 809.39 874.56 892.48 914.71 892.65 904.78 886.33 935.46 909.71 934.03 906.85 893.86 893.35 910.71 933.96 962.53 948.68
533.57 541.01 551.00 524.86 537.20 571.37 543.53 551.67 565.86 548.82 551.88 534.69 514.25 564.44 602.73 572.34 604.83 546.36 571.32 575.42 593.65 629.83 617.47 656.03 632.68 674.74 686.78 678.27
685.63 706.18 710.79 704.39 715.97 722.66 729.40 738.70 738.98 709.33 738.43 722.13 731.76 737.27 754.90 762.02 755.00 759.68 763.50 775.02 787.86 814.37 816.94 815.01 823.70 848.95 872.20 863.51
763.23 790.50 785.71 779.96 776.96 815.42 809.18 808.18 805.67 757.07 789.78 782.27 810.60 820.17 826.76 836.34 810.53 820.77 835.52 835.36 843.87 867.12 877.57 853.50 875.36 917.45 930.55 934.75
933.87 999.36 947.92 956.38 972.83 968.01 998.71 1021.66 1001.23 978.55 1025.35 1001.19 974.12 1004.12 1044.61 1046.47 1035.97 1055.76 1052.06 1061.60 1068.62 1131.74 1137.46 1133.25 1116.60 1152.42 1179.87 1165.74
1078.45 1224.26 1165.91 1166.23 1179.71 1225.42 1274.25 1236.44 1269.28 1218.78 1206.83 1255.12 1235.90 1262.30 1299.39 1325.81 1283.60 1322.59 1305.15 1289.19 1302.07 1376.53 1375.89 1392.63 1356.72 1390.48 1431.93 1429.87
790.19 831.48 814.41 813.83 827.45 837.62 850.72 865.30 859.01 828.46 862.16 847.95 841.03 856.54 881.97 889.67 879.65 892.08 892.61 900.48 909.56 956.30 956.62 950.93 950.29 979.47 1007.31 995.27
791.67 723.26 676.61 707.64 608.89 760.59 776.53 760.98 713.64 712.88 719.32 714.41 731.22 747.61 731.30 737.71 752.78 798.59 816.26 782.56 805.66
823.76 816.66 819.32 835.84 834.33 847.52 868.08 850.00 843.51 880.02 859.59 844.49 850.10 882.44 876.48 878.39 875.48 893.63 905.02 929.51 942.26
806.63 832.45 828.15 839.98 842.97 872.58 882.77 899.52 912.01 917.76 898.18 880.94 865.38 898.44 919.67 939.04 961.14 960.80 958.95 961.02 996.00
1225.12 1207.09 1130.87 1156.10 1124.72 1128.19 1153.34 1137.12 1087.21 1104.97 1117.28 1085.42 1095.48 1180.20 1167.59 1172.99 1170.00 1168.75 1193.74 1197.83 1255.23
1188.26 1253.23 1215.52 1267.50 1258.75 1220.86 1285.12 1291.99 1216.97 1280.24 1283.15 1320.96 1317.18 1381.29 1376.10 1292.24 1375.22 1371.89 1374.00 1390.50 1453.69
950.20 945.89 920.61 936.53 921.46 952.22 974.68 962.27 942.18 967.19 951.11 943.23 946.60 995.07 993.25 996.22 1003.08 1016.15 1031.18 1037.94 1070.38

852.01
962.03
1012.48
1267.41
1455.25
1091.12

816.43
1017.54
1059.78
1272.76
1512.71
1115.69

868.49
971.61
1056.15
1273.80
1472.61
1103.61

864.99
991.77
1085.71
1354.92
1526.98
1150.02

893.42
1041.22
1084.64
1412.06
1568.64
1194.57

810.59
1045.16
1110.98
1439.82
1583.28
1194.19

832.25
1059.93
1121.06
1412.58
1579.45
1198.13

648.26 626.70 627.27 631.27 636.83 649.30 664.01 646.67 647.05 663.25 675.65 721.60 648.52 664.78 672.42 680.93 720.46 717.25 746.82 723.18 737.93 815.19 816.45 808.01 844.54 884.42 886.17 884.29
747.32 764.54 784.46 780.33 784.21 822.74 814.55 808.35 806.46 790.70 798.49 793.86 793.92 818.10 819.69 823.59 834.82 839.20 866.16 864.70 881.34 904.86 919.51 862.38 901.61 915.25 950.36 968.23
872.37 892.55 862.73 834.07 827.45 872.11 885.58 877.57 885.53 869.53 897.82 878.06 898.55 906.66 896.83 888.26 868.55 860.92 900.15 896.31 947.96 959.23 979.48 919.45 957.98 958.24 993.68 1015.52
1038.52 1090.88 1119.93 1107.75 1103.91 1137.85 1131.52 1149.92 1169.04 1126.14 1097.55 1163.05 1108.16 1143.62 1125.83 1135.90 1133.45 1147.66 1166.21 1181.63 1250.83 1290.11 1298.80 1250.77 1302.49 1327.00 1362.69 1353.31
1320.61 1292.57 1341.53 1402.28 1529.22 1490.17 1411.77 1405.35 1495.73 1456.48 1439.59 1397.92 1263.72 1321.12 1309.38 1332.35 1318.35 1301.38 1448.66 1381.17 1420.19 1429.85 1494.50 1653.35 1424.02 1457.73 1471.85 1576.77
841.23 859.56 874.42 860.00 866.49 909.03 906.12 903.41 901.44 881.37 888.07 902.66 883.87 909.46 905.01 910.73 915.30 918.05 950.14 940.81 973.39 1005.98 1015.87 985.09 1008.67 1025.93 1055.92 1064.87
735.00
844.42
994.83
1118.32
1330.29
1001.11

742.00
874.75
1009.32
1137.48
1374.25
1030.35

620.00 725.00 742.00 675.00 675.00 687.50 742.00 742.00 742.00 570.00
866.33 921.34 895.89 922.36 927.68 874.49 861.40 861.56 900.19 874.91
1008.83 966.15 912.07 953.66 974.98 1034.22 939.81 939.64 1020.57 1011.95
1124.68 1153.86 1136.87 1166.03 1153.70 1128.07 1131.33 1115.79 1187.23 1144.54
1369.97 1370.85 1363.59 1367.92 1435.08 1362.63 1319.20 1354.96 1446.95 1406.91
1016.13 1043.09 1018.16 1045.23 1051.05 1020.79 1002.54 999.55 1058.13 1027.15

835.00
908.53
1038.55
1180.02
1474.66
1055.12

600.00
917.84
1094.79
1197.13
1555.55
1085.79

784.50
949.36
1106.59
1217.95
1567.48
1112.52

710.00
936.07
1092.49
1176.85
1545.91
1089.60

710.00
946.23
1097.67
1220.34
1503.32
1099.47

728.00
921.16
1070.52
1214.56
1550.72
1086.51

782.00
946.09
1128.00
1253.30
1590.98
1120.37

745.00
921.35
1077.86
1249.01
1452.82
1092.40

742.00
949.78
1102.37
1233.92
1516.24
1109.74

790.00
948.13
1099.92
1267.69
1612.31
1131.19

795.00
960.55
1118.67
1281.57
1544.48
1140.85

787.50
1003.31
1186.36
1324.29
1621.09
1186.98

885.00
1005.37
1170.55
1329.91
1605.32
1186.34

896.00
1032.08
1218.70
1412.23
1704.51
1242.74

900.00
1057.44
1218.95
1371.85
1644.69
1235.84

930.00
1088.18
1194.11
1352.49
1636.38
1236.83

514.94 534.47 586.67 599.82 601.94 571.56 584.69 564.74 560.38 561.07 540.43 556.80 557.52 556.99 594.63 593.84 595.32 561.67 602.76 596.41 608.94 636.58 619.65 625.85 681.21 703.19 709.82 679.61
725.51 717.85 727.21 743.42 730.26 736.34 754.70 729.24 723.15 720.93 724.18 725.32 726.04 745.26 766.70 752.94 750.47 764.29 787.22 789.83 807.02 827.41 857.89 841.52 869.21 890.37 928.32 902.43
763.60 769.02 773.93 803.14 779.40 785.34 802.53 778.09 787.50 789.60 780.35 917.03 798.69 814.16 816.09 815.55 816.91 816.50 844.89 838.82 849.31 867.10 873.24 863.55 878.46 901.06 944.53 924.73
930.57 919.74 934.15 925.48 943.30 971.72 988.27 953.89 936.59 936.01 951.02 962.08 969.19 965.82 985.51 954.99 973.16 994.94 1008.49 1000.72 1018.26 1037.18 1081.12 1103.71 1107.51 1178.82 1208.44 1143.89
1066.16 1070.83 1044.82 1035.05 1059.12 1084.21 1127.62 1086.38 1080.05 1119.47 1118.76 1122.91 1111.09 1133.51 1157.06 1156.45 1164.89 1184.76 1221.11 1219.64 1213.65 1229.41 1241.19 1241.30 1235.79 1284.50 1372.52 1310.14
818.76 812.15 823.11 826.07 825.00 827.14 847.43 819.71 814.84 812.41 818.18 848.75 833.94 845.38 863.99 847.17 851.33 862.86 888.02 889.19 897.65 919.55 949.28 941.79 958.08 1003.19 1035.64 994.94
624.60 613.25 618.84 623.83 618.90 635.74 645.31 629.66 632.37 638.61 645.74 676.71 628.95 645.61 656.95 655.70 677.32 674.53 706.77 695.27 710.79 773.67 765.09 770.85 778.51 809.86 823.49 816.49
732.58 744.71 752.78 759.88 759.28 781.73 782.91 775.89 772.32 760.75 770.94 756.42 770.29 787.18 798.11 795.33 799.90 799.50 819.58 822.47 838.93 856.38 866.10 848.30 868.14 889.81 918.82 921.44
808.62 838.29 821.36 817.69 811.42 841.35 841.57 841.81 841.40 834.13 845.57 850.90 852.62 869.51 876.64 870.33 866.15 858.27 883.64 877.73 893.91 911.04 923.56 906.18 930.39 952.66 976.12 984.23
1003.81 1034.80 1018.11 1021.31 1020.84 1040.72 1052.78 1056.04 1043.45 1027.33 1042.66 1035.87 1032.92 1058.99 1074.70 1068.95 1071.28 1085.16 1097.10 1098.45 1130.98 1162.32 1174.35 1170.70 1182.71 1227.38 1254.11 1233.91
1162.03 1225.86 1198.79 1199.53 1230.57 1261.69 1290.76 1258.64 1245.42 1250.45 1229.25 1222.57 1216.55 1267.18 1285.56 1283.99 1286.43 1292.61 1336.55 1295.00 1316.48 1359.15 1374.33 1406.98 1378.91 1421.42 1468.13 1437.85
842.69 863.53 858.36 860.36 861.26 886.14 892.22 888.81 881.92 870.37 880.99 875.39 877.16 899.97 912.68 908.77 911.41 915.08 936.46 932.02 952.60 979.80 986.42 978.99 992.77 1022.33 1048.63 1041.61

Rents are based on the units being unfurnished with tenants paying electricity and gas.
Average rents do not reflect "rental losses" from discounts, concessions, models, delinquents, and bad debts.
Average rent minus rental losses equals effective rent.

II-16

Average Rents by Age of Building by County
(In Dollars)
2007
County

Year Built

Adams

To 1959
1960-69
1970-79
1980-89
1990-99
2000-04
2005 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-04
2005 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-04
2005 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-04
2005 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-04
2005 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-04
2005 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-04
2005 up

Arapahoe

Boulder/
Broomfield

Denver

Douglas

Jefferson

Metro
Average

1st

2nd

2008
3rd

4th

1st

2nd

587.50
609.41
640.81
797.85
923.17
975.49

562.50
1037.27
642.61
839.18
958.05
986.31

562.50
641.55
654.28
768.94
936.58
993.14

640.62
667.07
773.86
940.95
991.46

771.85
664.89
775.43
933.09
974.50

1223.15
689.63
851.28
942.72
1022.66

556.33
626.80
634.52
716.46
1028.83
990.22

1783.75
620.01
660.22
727.19
1145.55
1035.33

559.22
612.50
659.66
737.30
1027.92
1012.29

805.14
641.68
658.99
735.27
1017.80
999.70

763.13
805.61
671.58
836.82
1179.94
971.89
745.69
624.46
632.18
713.25
867.38
1046.70
1104.21
1258.35

784.38
823.83
675.68
862.57
1176.89
955.49

766.25
766.54
703.70
848.59
1104.19
917.41

767.50
811.61
677.53
837.43
1072.27
1063.76

800.81
640.37
655.13
751.59
1027.67
1036.65
1224.20
764.38
801.14
690.69
858.16
1061.87
1026.05

624.98
632.11
704.02
901.64
1146.00
1099.82
1607.59

629.67
632.67
690.04
950.14
1150.65
1092.78
1545.46

665.18
672.04
675.69
923.46
1138.71
1108.50
1497.58

976.48
1016.89

829.74
1012.82
1061.06

838.27
1055.39
1010.01

594.69
719.69
689.91
840.98
954.44
863.29
1069.27
623.63
664.62
672.58
785.31
1017.86
1010.55
1118.29

587.44
727.86
675.28
824.05
961.76
885.16
1060.53
629.37
713.39
675.15
800.24
1074.10
1030.29
1354.33

587.08
739.03
697.65
834.40
959.52
885.57
1022.90
628.07
665.99
678.89
805.96
1040.75
1011.12
1364.64

2009
3rd

4th

1151.42
672.97
689.74
752.26
1057.61
982.76
1226.41
767.50
917.80
687.99
869.93
1039.70
1112.19

595.45
647.10
692.22
838.19
962.23
1011.81
1316.98
1101.67
580.76
680.05
770.29
1035.38
1013.00
1198.54
764.38
920.52
725.76
847.51
1076.32
1194.75

593.18
639.69
685.52
857.63
940.15
983.48
1249.48
1071.18
676.19
691.37
766.50
1014.19
1057.87
1190.06
821.88
915.78
734.92
832.57
1065.93
1094.06

687.70
683.56
675.88
945.79
1067.50
1118.35
1487.61

688.30
679.98
694.00
897.46
1192.30
1216.35
1452.69

701.17
722.09
697.31
879.79
1195.83
1171.44
1475.04

852.10
1044.65
1059.02

849.11
1054.17
1014.19

852.10
1049.47
1060.01

569.66
972.50
687.29
839.57
914.67
918.72
1035.87
664.15
718.17
672.39
801.07
1020.53
1032.48
1330.06

602.03
772.85
690.95
840.78
919.11
956.73
1080.63
687.11
704.47
673.06
810.23
1011.33
1030.23
1323.36

639.23
740.23
692.03
853.15
975.38
980.12
1198.81
688.91
743.31
691.48
814.88
1048.18
1069.34
1313.82

1st

2nd

2010
3rd

4th

1st

2nd

2011
3rd

4th

1st

2nd

2012
3rd

4th

1st

546.84
981.27
690.22
834.01
942.30
969.32
1173.72
925.00
642.85
671.33
731.21
970.20
1055.53
1186.55
821.88
885.33
789.71
858.35
1003.98
1100.69
1415.47
682.32
708.35
680.08
822.71
1216.94
1124.59
1321.57

547.11
968.27
677.97
798.01
876.24
959.33
1146.08
977.50
691.38
663.08
741.60
1042.55
1068.37
1093.18
841.25
883.70
772.83
848.40
1014.68
1123.01
1244.94
725.88
693.78
677.37
839.14
1184.72
1046.06
1378.88

473.46
590.24
688.69
805.77
874.99
874.82
1093.50
847.98
654.48
635.02
719.54
1028.47
992.40
1145.61
841.25
898.31
768.09
862.21
1026.18
980.32
1240.57
707.25
718.62
665.19
841.72
1185.93
1017.16
1453.86

644.23
578.99
781.06
830.75
937.69
962.73
1158.59
937.07
675.93
696.05
749.09
1003.76
1014.95
1133.88
731.57
904.31
760.80
874.26
1038.47
981.49
1240.57
721.40
728.03
727.01
883.84
1045.51
1045.08
1479.97

515.91
659.71
790.89
821.40
937.45
1002.68
1161.61
918.89
653.04
700.78
763.15
1018.85
1046.87
1138.89
733.13
890.03
734.14
881.07
1125.50
1007.75
1275.80
720.47
723.79
707.40
919.35
1064.16
1059.61
1533.13

550.00
778.76
782.74
867.57
972.69
993.61
1162.10
991.33
672.76
690.95
781.12
1045.47
1112.68
1174.62
625.00
873.54
760.25
902.00
1116.94
998.84
1291.98
732.15
728.36
704.16
898.54
1080.01
1071.89
1462.73

560.00
670.43
756.47
868.24
952.81
1005.66
1155.31
984.33
695.24
669.45
784.24
1105.65
1111.09
1174.06
700.22
906.04
817.73
897.23
1108.35
1013.44
1159.85
701.22
724.62
710.00
906.87
1089.37
1069.35
1433.62

560.00
784.93
755.42
860.01
964.22
1006.92
1155.88
665.63
687.13
669.78
794.32
1032.12
1104.25
1188.54
700.22
969.17
814.87
935.11
1094.47
1056.04
1177.75
689.70
722.99
717.55
901.96
1114.47
1109.22
1372.09

585.00 585.00 585.00
677.17 676.64 806.59
697.43 741.47 743.56
858.44 968.22 868.76
984.93 979.10 979.09
1030.32 1057.00 1041.82
1155.95 1087.11 1177.48

585.00
734.60
695.41
1007.29
990.91
1048.61
1176.86

706.92
700.21
696.78
875.35
1223.33
1173.06
1441.60

537.24
729.08
691.71
822.99
933.50
967.30
1252.63
1092.50
687.94
703.99
756.75
985.26
1064.02
1194.22
821.88
971.10
742.22
859.88
993.65
1077.54
1374.69
689.15
697.80
701.13
855.30
1234.64
1182.57
1454.64

688.14
665.29
768.30
1100.00
1110.46
1145.67
701.30
972.20
822.44
934.82
1090.26
1090.83
1219.73
656.49
718.51
722.06
895.76
1114.45
1123.14
1402.18

694.65
678.31
789.20
1123.27
1094.93
1164.49
748.26
990.40
791.05
955.20
1127.70
1067.12
1244.07
759.48
765.14
725.94
931.85
1190.85
1189.27
1363.93

651.03
686.20
797.99
1134.34
1115.12
1164.19
741.39
1010.84
852.21
954.12
1203.55
1111.85
1231.49
718.77
775.13
754.15
982.62
1222.41
1208.48
1347.30

852.10
1123.60
1028.09

635.00
808.70
1070.64
1020.44

1027.62
992.65

852.63
991.04
1019.24

886.76
1069.31
1069.81

886.76
1034.89
1037.61

900.18
1081.59
1067.85

865.86
1152.44
1066.22

931.67
1186.78
1059.19

895.97
1172.80
1018.56

895.97
1085.75
1120.42

871.45 917.49 892.45
1091.13 1099.56 1115.19
1120.42 1168.07 1112.77

1017.75
1162.74
1086.85

641.68
762.47
706.85
850.59
1008.08
955.09
1160.63
700.75
709.73
696.27
818.55
1062.50
1054.74
1314.90

632.90
698.26
694.97
848.24
970.91
887.36
1118.07
704.72
716.56
696.37
820.41
1043.60
1051.27
1261.43

598.31
701.19
705.24
839.92
959.87
913.24
1094.77
685.39
739.15
704.94
803.49
1015.58
1038.11
1279.56

628.09
711.79
707.70
812.82
992.11
914.04
921.38
680.32
748.51
691.18
783.44
1011.87
1037.21
1220.24

641.62
715.95
684.09
795.71
969.84
915.69
1154.79
721.13
758.84
685.39
785.04
1027.48
1035.66
1220.48

629.42
740.46
767.30
801.35
968.28
914.59
1148.34
700.98
710.72
692.89
775.80
1024.00
977.65
1244.52

627.49
760.68
702.15
833.10
920.94
913.28
1093.17
720.01
721.88
724.87
808.84
999.75
1013.78
1236.08

609.05
720.27
723.44
823.04
934.27
934.50
1192.89
717.43
715.21
721.66
822.03
1033.69
1035.13
1291.78

549.76
733.27
741.34
829.12
993.82
977.09
1158.44
721.60
731.96
722.10
828.80
1063.00
1055.27
1280.70

553.90
731.91
756.20
817.26
991.99
922.16
1086.51
691.21
736.07
723.48
832.74
1074.10
1049.80
1269.71

605.94
714.94
758.48
819.55
1012.03
947.59
1195.59
681.17
751.66
725.13
837.66
1043.00
1077.06
1259.87

658.59
729.94
747.63
809.22
1022.95
995.62
1195.59
656.79
734.12
713.37
823.75
1070.34
1091.52
1255.71

690.40
733.65
777.94
852.94
1085.61
1086.35
1195.59
717.34
765.84
735.90
886.41
1129.44
1114.79
1245.67

Rents are based on units being unfurnished with tenants paying gas and electricity.
Average rent minus rental losses equals effective rent.
Average rents do not reflect "rental losses" from discounts/concessions, models, delinquents, and bad debts.

II-17

713.63
670.85
792.47
1120.57
1071.39
1118.75
641.67
1039.59
824.73
951.19
1122.24
1060.29
1158.80
675.55
749.35
749.55
920.78
1132.67
1121.80
1519.12

642.99
743.55
769.27
844.17
1035.71
1068.28
1195.59
672.46
760.50
732.96
861.51
1086.02
1095.10
1272.96

795.18
740.44
776.27
846.08
1051.52
1025.32
1195.59
759.38
768.79
727.89
847.68
1096.80
1099.49
1254.01

2nd

2013
3rd

4th

1st

2nd

3rd

4th

610.00 610.00 650.00
740.15 730.40 775.74
734.55 700.15 698.72
833.14 854.09 852.50
1000.62 1036.80 1059.86
1069.11 1095.03 1076.24
1206.87 1108.39 1092.92
686.67 586.11
668.28 666.51 675.91
702.95 698.81 710.99
820.53 837.79 810.49
1153.25 1168.62 1190.27
1111.23 1123.89 1162.30
1224.18 1207.63 1193.16
948.13 641.67 763.57
1090.27 985.02 989.54
839.77 847.40 878.80
967.30 1005.63 1007.33
1185.27 1233.30 1262.23
1125.67 1125.82 1050.27
1250.43 1320.40 1221.63
784.24 755.50 741.08
802.50 810.95 790.60
754.04 792.49 750.61
1016.69 986.12 1031.60
1251.22 1254.87 1197.98
1273.26 1334.96 1274.25
1399.12 1424.27 1733.91

650.00
764.94
729.19
862.67
1053.79
1092.11
1086.61
643.33
739.85
724.74
839.55
1141.40
1191.16
1199.69
796.17
999.53
948.56
1049.42
1257.37
1081.59
1349.10
774.05
845.42
791.36
1031.93
1194.53
1280.12
1491.57

705.00 720.00 690.00
765.37 792.83 826.88
735.49 751.95 778.81
909.93 934.65 937.01
1082.90 1115.67 1090.93
1137.95 1182.49 1113.60
1128.52 1156.00 1147.16
906.38 794.68
784.84 777.16 796.52
731.12 748.19 776.66
866.22 900.03 883.95
1191.92 1208.85 1207.95
1171.10 1198.43 1205.19
1217.61 1253.79 1264.69
752.35 779.04 785.83
1015.54 987.90 950.65
905.59 891.79 942.94
1079.47 1145.03 1084.98
1316.98 1323.19 1341.05
1142.17 1152.03 1173.65
1410.59 1414.54 1405.19
830.89 818.34 862.50
844.78 839.17 874.29
781.24 820.61 829.63
1054.38 1071.91 1097.79
1191.78 1245.29 1404.32
1308.04 1310.45 1275.78
1471.80 1527.97 1481.23

983.70 985.93 1062.57
1180.77 1203.10 1216.23
1121.54 1119.27 1190.26
1142.60 1095.36
803.86 792.88 753.58
775.74 774.80 788.39
776.99 824.67 804.81
885.75 933.86 960.13
1117.16 1106.97 1088.90
1124.03 1144.79 1117.64
1195.59 1252.20 1290.78
784.50 752.63 740.01
798.17 806.51 803.25
748.10 754.99 747.66
880.02 888.81 886.73
1148.09 1161.76 1171.01
1142.64 1157.33 1163.76
1279.19 1290.45 1304.71

1083.58
1223.35
1168.49
1266.28
752.26
790.53
808.00
955.22
1124.29
1222.01
1271.43
772.61
818.76
770.35
905.51
1159.70
1176.30
1290.04

1097.50
1276.35
1229.65
1426.79
714.34
805.78
819.89
1030.82
1149.35
1207.77
1293.91
820.33
824.18
771.44
940.47
1201.11
1207.89
1334.79

1034.47
1271.72
1223.96
1355.80
739.86
825.39
851.76
1047.29
1172.89
1236.59
1302.75
815.34
841.73
796.31
971.11
1219.24
1223.41
1380.67

835.00
1083.59
1241.62
1238.08
1345.38
736.13
852.72
867.64
1024.92
1146.30
1219.01
1406.60
844.20
858.50
821.11
964.44
1226.37
1206.10
1362.99

Average Rents by Size of Building by County
(In Dollars)

County

Adams

Arapahoe

Boulder/
Broomfield

Denver

Douglas

Jefferson

Metro
Average

Number of Units

Up to 8
9 to 50
51 to 99
100 to 199
200 to 349
350 and up
Up to 8
9 to 50
51 to 99
100 to 199
200 to 349
350 and up
Up to 8
9 to 50
51 to 99
100 to 199
200 to 349
350 and up
Up to 8
9 to 50
51 to 99
100 to199
200 to 349
350 and up
Up to 8
9 to 50
51 to 99
100 to 199
200 to 349
350 and up
Up to 8
9 to 50
51 to 99
100 to 199
200 to 349
350 and up
Up to 8
9 to 50
51 to 99
100 to 199
200 to 349
350 and up

2007
1st

656.25
607.73
600.96
656.48
855.96
855.48
592.41
636.71
632.01
675.11
873.91
761.04
699.20
790.01
728.05
847.02
873.23
1231.34
586.42
576.60
683.41
770.65
954.11
857.55

957.84
1024.94
677.43
625.40
694.60
739.11
877.25
877.47
616.97
603.26
672.73
729.34
894.77
872.67

2nd

2008
3rd

4th

1st

1636.88
517.41
693.10
906.60
841.58
1193.23
632.12
645.63
709.50
928.54
794.40
715.49
831.91
726.45
879.98
850.98
1271.10
719.62
573.38
718.25
846.77
987.68
840.27

821.00
604.21
581.38
689.93
864.60
841.91
528.67
540.56
642.86
712.63
892.58
794.66
706.61
837.94
755.00
849.64
885.67
1100.29
616.57
589.80
713.91
864.61
1019.78
856.13

1600.00
610.29
604.82
707.29
875.93
878.21
1166.47
609.44
621.83
701.81
867.80
809.59
763.60
864.68
920.67
822.47
871.41
1146.02
676.64
621.32
742.64
846.30
961.55
856.07

1015.49
611.40
725.82
872.92
856.06
598.53
583.54
631.53
729.28
894.34
813.58
1339.81
870.73
871.56
826.62
882.40
1049.72
626.13
640.59
738.61
853.74
901.06
927.52

737.40

679.04

512.50

548.21

1020.27
1039.65
665.57
624.46
691.22
748.48
868.17
856.25
798.14
654.36
681.36
774.22
930.38
870.43

1045.12
1004.84
678.97
631.13
705.70
766.53
863.16
873.11
643.56
608.74
689.24
775.13
923.31
869.11

1042.40
1044.95
671.74
965.25
738.21
760.66
857.88
836.38
757.37
694.46
717.69
768.92
902.60
882.95

993.11
1032.73
675.78
648.62
716.12
764.11
888.96
844.53
708.78
667.16
711.97
781.86
898.18
891.76

2nd

1398.37
580.12
761.36
913.51
902.85
1196.76
640.09
602.32
723.45
886.56
835.79
726.72
842.03
931.95
937.56
893.42
1072.37
628.21
660.84
738.11
860.13
1031.09
917.70

2009
3rd

748.30
600.99
583.07
763.03
921.66
897.59
664.41
633.17
629.44
764.38
914.59
829.43
747.44
781.61
917.17
941.22
926.64
1089.39
625.60
661.62
726.64
836.28
1010.22
925.62

4th

937.50
614.36
581.23
759.07
908.57
900.67
1205.11
613.56
651.98
740.34
941.42
837.14
742.95
836.92
887.11
935.70
916.85
1083.65
653.76
668.24
728.25
838.49
1006.33
924.47
523.21
635.00

1021.55
1057.30
661.29
666.41
695.28
720.49
892.28
890.33
743.86
712.43
706.32
790.21
933.58
912.11

1031.21
1063.59
699.15
669.36
721.56
753.59
911.92
895.52
662.93
665.16
701.83
802.30
945.78
911.16

1001.68
1042.29
716.44
648.92
686.57
739.11
883.11
862.98
742.42
667.72
704.28
791.94
945.05
907.03

1st

2nd

2010
3rd

4th

1st

986.14
630.73
763.07
883.67
892.07
2136.93
643.98
631.78
751.57
934.60
821.08
1606.98
835.91
929.34
969.45
911.30
980.22
645.67
653.98
719.28
799.88
1029.02
913.57

1766.34
621.46
758.45
902.78
896.62
786.30
621.31
610.64
724.44
923.67
785.49
787.50
870.50
917.00
972.64
937.80
1024.11
642.49
653.04
744.95
805.81
999.50
899.54

1499.32
607.77
724.13
859.09
869.51
1255.03
615.04
751.13
733.28
932.00
843.99
725.11
901.56
889.64
898.74
909.09
1070.97
729.48
698.63
725.06
831.69
962.68
922.85

862.50
622.13
643.83
739.03
847.98
805.06
637.75
593.84
706.37
731.88
882.21
861.57
747.59
888.29
887.72
950.56
893.32
1006.60
701.58
840.63
790.59
845.24
977.79
883.46

523.21

523.21
689.10

523.21

548.21

523.21

1056.94
1007.31
733.50
1237.78
768.27
766.20
866.58
854.48
706.29
868.55
768.06
796.14
910.94
880.34

837.50
1103.63
1047.59
704.16
677.34
692.30
829.89
864.85
849.31
667.23
685.29
765.69
812.94
916.46
894.90

963.76
1031.41
725.09
660.09
715.79
766.96
850.55
853.57
903.01
678.59
708.10
798.84
935.29
890.56

988.55
1014.80
742.45
659.62
686.35
765.49
824.13
891.88
702.10
710.62
704.81
791.39
930.67
876.38

592.50
649.78
741.41
769.95
854.88
967.47
619.23
629.42
673.96
747.04
899.12
833.75
758.65
814.09
918.71
946.07
891.99
1044.11
643.35
689.93
807.52
813.32
970.90
882.90

2nd

862.50
675.90
788.26
772.47
896.93
948.28
668.13
662.49
686.27
715.59
926.87
850.44
768.17
857.30
953.16
1022.61
896.19
1118.93
713.54
719.14
772.46
891.85
987.23
909.36

2011
3rd

4th

1st

2nd

782.25
738.30
632.34
718.97
917.85
935.87
650.08
658.65
685.24
726.87
960.55
885.44
739.38
890.23
969.82
1076.79
965.44
1083.10
648.49
688.47
758.20
920.29
968.30
934.71

2012
3rd

4th

1st

556.25
624.73
592.71
739.78
932.64
1044.10
583.34
642.19
697.16
740.53
958.03
891.06
710.44
902.14
1042.91
1078.29
989.85
1091.70
688.79
695.06
872.85
938.35
1021.78
941.58

362.50
1032.74
625.72
747.67
924.68
961.71
568.76
634.27
707.69
757.94
968.98
896.41
767.47
924.39
1052.99
1044.88
1000.14
1103.34
696.78
775.56
816.81
971.87
983.00
954.77

672.00
724.26
680.20
740.35
942.39
1016.68
696.22
661.87
727.29
765.13
974.98
907.94
759.00
947.06
1054.23
1068.74
1015.76
1158.47
701.87
747.64
830.37
936.09
1027.01
1027.91

672.00
731.58
714.32
774.16
936.64
920.81
630.24
677.22
717.79
806.08
1046.71
931.22
795.35
953.69
1085.30
1083.50
1025.32
1202.59
720.53
781.67
810.49
1009.07
1028.65
1081.64

1141.23
1077.92
738.19
791.81
714.04
832.48
917.35
953.53
720.12
756.95
797.17
854.97
990.43
979.45

850.26
1144.94
1132.55
765.18
812.30
735.52
853.07
937.38
969.27
721.34
787.62
793.26
895.38
1016.90
1000.11

862.50
968.40
765.50
768.79
945.09
941.53
634.53
634.14
703.20
701.06
962.83
876.90
759.82
872.99
942.44
1029.87
901.39
1102.53
697.41
698.94
787.52
929.35
975.96
895.96

862.50
621.37
705.50
752.60
905.72
952.12
633.96
653.45
696.66
720.31
988.93
872.21
728.98
811.88
917.37
1020.00
936.35
1108.73
643.88
695.72
802.48
927.30
994.31
906.30

237.50
902.24
795.27
720.03
917.87
956.12
619.36
639.52
707.06
731.76
958.12
865.76
754.10
882.34
947.45
1048.91
961.11
1074.07
651.28
668.21
804.36
923.22
975.66
926.51

487.50

487.50

548.21

523.21

931.67
1094.76
1125.67
706.06
671.70
760.49
810.34
912.50
888.37
694.44
711.04
776.58
838.11
957.52
929.36

895.97
1088.04
1102.57
710.14
667.56
743.78
792.22
876.87
903.48
674.97
688.04
771.52
830.85
960.23
925.03

895.97
1120.80
1096.01
713.79
676.16
735.52
791.98
889.18
906.19
677.34
695.03
785.58
831.18
957.30
925.21

895.97 895.97 824.18
1130.81 1157.95 1135.01
1067.58 1106.87 1072.50
750.73 732.64 741.58
671.02 781.16 800.08
746.96 760.45 758.32
792.02 816.59 817.93
905.43 904.97 897.59
914.52 954.98 948.79
696.32 689.48 696.63
702.23 723.13 781.63
748.57 793.02 789.47
826.77 838.90 852.74
957.79 974.55 968.07
931.46 956.36 948.91

2nd

2013
3rd

4th

1367.00
704.35
630.43
774.76
944.29
894.69
689.56
673.69
751.31
782.95
1030.46
951.32
731.51
1000.66
1066.92
1092.93
1070.29
1217.60
703.92
805.26
842.52
990.95
1069.79
1073.51

1367.00
656.13
632.18
767.55
928.61
910.19
652.69
662.36
738.32
795.39
1027.52
930.72
778.41
961.41
1064.90
1123.97
1078.51
1143.11
719.56
798.40
795.31
1015.56
1045.31
1010.35

1195.34
1180.60
749.35
800.68
745.03
838.06
980.56
1027.67
729.96
785.41
781.69
884.20
1026.89
992.15

1st

3rd

4th

729.67
676.15
795.86
940.28
920.77
609.37
690.83
784.11
790.57
1026.48
932.85
794.49
971.30
990.34
1205.68
1095.90
1216.67
731.53
823.24
844.68
979.81
1056.12
1058.87

1367.00
693.04
663.76
801.93
974.11
942.45
622.29
704.98
935.63
780.89
1038.37
976.13
773.68
980.99
989.43
1248.65
1121.89
1302.61
732.74
856.87
866.87
996.04
1092.54
1035.63

2nd

1367.00
744.18
678.97
815.81
1022.59
954.06
659.43
746.08
936.82
843.04
1079.55
989.21
796.00
1075.56
1071.42
1232.21
1111.14
1292.37
741.67
875.11
933.42
1037.31
1113.35
1064.22

756.70
750.81
836.29
981.26
970.70
770.50
761.16
872.31
853.96
1065.50
984.03
810.55
1031.19
1097.28
1257.22
1169.49
1238.10
761.44
886.60
844.13
1123.81
1093.86
1081.57

1230.44
1157.42
755.48
804.10
738.23
866.67
1007.96
1037.06
732.15
806.95
819.04
902.26
1038.28
1005.42

1302.66
1201.30
784.11
834.52
752.29
871.46
1058.11
1087.77
748.91
840.54
846.92
913.20
1068.03
1034.17

920.27
1271.16
1218.40
792.91
840.44
795.31
913.28
1092.99
1127.57
758.60
859.63
898.82
952.82
1097.95
1055.50

1268.28
1217.85
775.42
837.13
854.26
906.62
1011.62
1070.56
774.39
862.72
875.68
986.90
1079.82
1050.31

709.88
835.00

1085.25
1040.39
763.31
663.44
853.60
765.82
851.12
835.10
823.15
741.74
756.41
789.55
925.13
896.55

Rents reflect units being unfurnished with tenants paying gas and electricity.
Average rents do not reflect "rental losses" from discounts/concessions, models, delinquents, and bad debts.
Average rent minus rental losses equals effective rent.

II-18

834.78
1095.50
1090.61
746.87
673.96
759.05
820.92
876.89
864.07
722.10
712.29
765.54
829.13
937.59
920.23

1163.43
1126.61
752.52
809.72
759.64
810.49
1005.56
1038.44
721.79
794.69
807.21
872.23
1036.21
1006.18

Average Rent per Square Foot by Apartment Type by County
(In Dollars)

Metro Average

Jefferson

Douglas

Denver

Boulder/
Broomfield

Arapahoe

Adams

Apartment
County Type
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All

1st
1.15
1.01
0.89
0.95
0.91
0.96
1.11
0.97
0.89
0.89
0.89
0.93
1.48
1.17
0.93
0.99
0.90
1.07
1.18
1.00
0.86
0.90
0.93
0.96
1.33
1.10
1.01
1.02
0.96
1.05
1.02
1.00
0.88
0.90
0.89
0.97
1.18
1.01
0.89
0.92
0.91
0.97

2004
2nd 3rd
1.14 1.17
0.98 1.01
0.84 0.93
0.96 0.93
0.90 0.88
0.94 0.96
1.10 1.08
0.98 0.98
0.89 0.88
0.91 0.90
0.93 0.91
0.95 0.94
1.51 1.55
1.19 1.17
0.94 0.97
1.08 1.09
0.99 0.96
1.11 1.10
1.12 1.14
1.01 1.03
0.87 0.90
0.91 0.92
0.92 0.90
0.97 0.99
1.28 1.34
1.12 1.15
0.94 1.04
1.00 1.05
1.05 1.09
1.04 1.10
1.13 1.11
1.03 1.02
0.86 0.86
0.92 0.93
0.88 0.88
0.95 0.95
1.15 1.15
1.02 1.03
0.88 0.90
0.94 0.94
0.93 0.92
0.97 0.98

4th
1.15
0.99
0.90
0.93
0.91
0.95
1.12
0.98
0.89
0.91
0.92
0.94
1.53
1.21
0.96
1.08
0.95
1.12
1.13
1.03
0.90
0.94
0.89
0.99
1.34
1.12
1.03
1.03
1.04
1.08
1.09
1.03
0.88
0.94
0.88
0.96
1.16
1.03
0.90
0.95
0.92
0.98

1st
1.17
1.00
0.89
0.94
0.93
0.95
1.15
1.00
0.89
0.92
0.91
0.96
2.17
1.16
0.90
1.04
0.94
1.16
1.10
1.05
0.89
0.96
0.95
1.00
1.47
1.14
1.04
1.08
1.08
1.10
1.10
1.03
0.87
0.95
0.90
0.96
1.35
1.04
0.90
0.96
0.93
1.00

2005
2nd 3rd
1.20 1.18
1.02 1.00
0.92 0.89
0.96 0.97
0.96 0.93
0.98 0.97
1.21 1.14
0.99 1.01
0.89 0.91
0.91 0.93
0.90 0.93
0.95 0.97
1.48 1.44
1.17 1.17
0.90 0.92
1.04 1.03
0.98 0.96
1.08 1.08
1.17 1.17
1.02 1.05
0.90 0.91
0.96 0.98
0.91 0.93
1.00 1.02
1.35
1.10 1.12
1.02 1.09
1.01 1.05
1.02 1.08
1.05 1.09
1.08 1.08
1.05 1.06
0.87 0.85
0.94 0.95
0.90 0.89
0.97 0.97
1.20 1.18
1.03 1.04
0.90 0.91
0.95 0.97
0.94 0.94
0.99 1.00

4th
1.10
1.01
0.90
0.95
0.91
0.96
1.14
0.99
0.89
0.91
0.93
0.95
1.49
1.17
0.95
1.09
0.91
1.09
1.23
1.07
0.93
0.95
0.95
1.03
1.35
1.13
1.04
1.05
1.03
1.08
1.11
1.05
0.86
0.95
0.92
0.97
1.22
1.05
0.91
0.96
0.94
1.00

1st
1.12
1.00
0.91
0.94
0.92
0.96
1.14
1.00
0.88
0.92
0.93
0.95
1.38
1.17
0.98
1.02
0.89
1.08
1.24
1.05
0.95
0.93
0.99
1.03
1.01
1.10
1.07
1.02
1.02
1.06
1.17
1.03
0.87
0.92
0.92
0.96
1.22
1.04
0.92
0.94
0.94
0.99

2006
2nd 3rd
1.09 1.09
1.04 1.04
0.93 0.91
0.96 0.96
0.91 0.94
0.99 0.98
1.12 1.15
1.00 1.02
0.88 0.89
0.92 0.93
0.91 0.89
0.96 0.97
1.89 1.77
1.20 1.20
0.88 0.92
1.06 1.14
0.87 0.84
1.08 1.12
1.30 1.37
1.08 1.15
0.97 0.99
0.94 0.97
0.92 0.93
1.04 1.10
1.09 1.05
1.08 1.09
1.11 1.05
1.05 1.02
1.05 1.01
1.07 1.05
1.18 1.20
1.06 1.06
0.89 0.89
0.94 0.95
0.91 0.92
0.98 0.98
1.27 1.32
1.05 1.08
0.92 0.93
0.95 0.97
0.92 0.92
1.00 1.02

4th
1.11
1.02
0.91
0.94
0.93
0.97
1.10
0.99
0.87
0.92
0.91
0.95
1.66
1.18
0.93
1.10
0.97
1.11
1.32
1.09
0.96
0.96
0.95
1.06
1.35
1.08
1.04
1.01
0.95
1.04
1.04
1.07
0.88
0.95
0.94
0.99
1.28
1.05
0.92
0.96
0.93
1.01

1st
1.10
1.02
0.91
0.94
0.93
0.97
1.21
0.98
0.87
0.90
0.90
0.94
1.74
1.18
0.92
1.11
0.94
1.11
1.33
1.08
0.97
0.96
0.96
1.06
1.34
1.06
1.04
1.00
0.99
1.03
1.03
1.03
0.85
0.92
0.90
0.95
1.29
1.04
0.92
0.94
0.93
1.00

2007
2nd 3rd
1.15 1.15
1.04 1.04
1.00 0.93
0.96 0.95
1.00 0.95
1.01 0.99
1.24 1.24
1.01 1.02
0.90 0.90
0.95 0.90
1.01 0.94
0.98 0.97
1.57 1.37
1.18 1.18
0.95 0.92
1.08 1.03
1.01 0.97
1.10 1.08
1.23 1.24
1.10 1.12
0.99 0.96
1.00 1.04
0.95 0.97
1.07 1.09
1.35 1.13
1.11 1.09
1.06 1.05
1.01 1.00
1.02 1.02
1.06 1.05
1.03 1.09
1.03 1.04
0.86 0.87
0.91 0.92
0.89 0.87
0.95 0.96
1.24 1.25
1.06 1.07
0.95 0.93
0.97 0.96
0.97 0.95
1.02 1.01

4th
1.17
1.04
0.95
0.94
0.96
0.99
1.18
1.01
0.89
0.92
0.94
0.96
1.41
1.21
0.96
1.06
1.04
1.12
1.30
1.12
0.94
1.02
1.00
1.09
1.32
1.16
1.03
1.02
1.02
1.08
1.12
1.07
0.91
0.91
0.87
0.97
1.28
1.08
0.93
0.96
0.95
1.02

1st
1.17
1.05
0.97
0.94
0.97
1.00
1.13
1.01
0.89
0.92
0.94
0.97
1.24
1.22
0.95
1.03
1.02
1.10
1.30
1.13
0.93
1.01
1.08
1.08
1.35
1.13
0.97
1.01
1.01
1.06
1.07
1.04
0.88
0.93
0.89
0.96
1.25
1.07
0.92
0.96
0.97
1.02

2008
2nd 3rd
1.21 1.21
1.09 1.07
1.01 0.97
0.99 0.98
1.06 1.05
1.04 1.02
1.11 1.18
1.02 1.03
0.91 0.91
0.92 0.94
0.94 0.97
0.97 0.99
1.64 1.67
1.23 1.25
0.99 0.99
1.04 1.05
1.00 1.01
1.13 1.15
1.30 1.32
1.18 1.16
0.97 1.00
1.04 1.03
1.06 1.05
1.12 1.12
1.23 1.23
1.15 1.16
1.01 1.03
1.03 1.02
1.02 1.06
1.08 1.09
1.19 1.24
1.07 1.08
0.90 0.92
0.96 0.97
0.92 0.95
1.00 1.01
1.28 1.31
1.10 1.10
0.95 0.96
0.98 0.99
0.99 1.01
1.04 1.05

4th
1.06
1.06
0.96
0.97
1.03
1.01
1.13
1.03
0.93
0.95
0.96
0.99
1.61
1.23
1.03
1.04
1.03
1.14
1.30
1.15
0.99
1.05
1.05
1.11
1.25
1.10
1.11
1.00
1.01
1.06
1.21
1.05
0.90
0.95
0.91
0.99
1.28
1.09
0.96
0.98
0.99
1.04

Rents are based on the units being unfurnished with tenants paying electricity and gas.
Average rents do not reflect "rental losses" from discounts/concessions, models, delinquents, and bad debts.
Average rent minus rental losses equals effective rent.

II-19

1st
1.33
1.05
0.96
0.96
0.99
1.00
1.15
1.04
0.91
0.94
0.95
0.98
1.50
1.22
1.04
0.99
0.97
1.12
1.29
1.16
1.00
1.06
1.08
1.12
1.35
1.08
0.99
1.00
0.98
1.04
1.17
1.05
0.91
0.93
0.92
0.99
1.28
1.09
0.96
0.97
0.97
1.03

2009
2nd 3rd
1.25 1.03
1.06 1.04
1.03 1.01
0.96 0.93
1.01 0.92
1.02 1.00
1.16 1.12
1.01 1.02
0.88 0.91
0.92 0.95
0.96 0.94
0.96 0.98
1.40 1.44
1.21 1.24
1.03 1.01
1.00 1.02
1.01 1.02
1.12 1.13
1.32 1.34
1.13 1.13
0.98 0.99
1.02 0.99
1.05 1.01
1.10 1.10
1.35 1.35
1.08 1.12
0.98 1.06
0.98 1.04
1.00 1.06
1.03 1.08
1.17 1.16
1.05 1.05
0.91 0.91
0.93 0.94
0.93 0.93
0.98 0.99
1.29 1.29
1.07 1.08
0.95 0.96
0.96 0.97
0.98 0.96
1.02 1.03

4th
1.19
1.00
0.92
0.89
0.90
0.94
1.06
1.00
0.89
0.93
0.95
0.96
1.50
1.20
0.97
0.99
1.03
1.10
1.45
1.13
0.99
1.06
1.00
1.12
1.04
1.09
1.05
1.00
1.03
1.05
1.20
1.05
1.06
0.95
0.93
1.02
1.37
1.06
0.96
0.96
0.95
1.02

1st
1.32
1.09
1.00
0.99
0.97
1.04
1.15
1.04
0.94
0.92
0.98
0.99
1.54
1.20
0.96
1.00
1.03
1.10
1.31
1.13
1.02
1.02
0.93
1.10
1.52
1.14
1.08
1.05
1.07
1.10
1.12
1.05
0.90
0.95
0.92
0.98
1.29
1.09
0.97
0.97
0.97
1.04

2010
2nd
3rd
1.55 1.26
1.10 1.11
1.01 1.04
0.97 0.99
0.99 1.02
1.04 1.06
1.20 1.19
1.05 1.07
0.95 0.96
0.95 0.98
0.99 1.00
1.01 1.03
1.58 1.52
1.25 1.24
1.00 1.02
1.09 1.08
1.07 1.07
1.16 1.16
1.32 1.35
1.15 1.16
1.01 1.01
1.04 1.03
0.96 0.94
1.12 1.11
1.09 1.43
1.14 1.18
1.11 1.13
1.05 1.07
1.12 1.13
1.11 1.13
1.11 1.11
1.06 1.08
0.93 0.92
0.95 0.97
0.94 0.95
1.00 1.01
1.31 1.33
1.11 1.12
0.99 0.99
0.99 1.01
1.00 1.01
1.06 1.07

4th
1.19
1.11
1.01
0.99
1.02
1.05
1.14
1.07
0.96
0.98
1.03
1.03
1.53
1.24
1.05
1.11
1.00
1.16
1.35
1.16
1.00
1.05
0.95
1.12
1.29
1.19
1.12
1.05
1.11
1.12
1.10
1.08
0.93
0.94
0.96
1.00
1.32
1.12
0.99
1.00
1.01
1.07

1st
1.05
1.13
1.02
1.00
1.04
1.06
1.19
1.06
0.92
0.97
1.00
1.01
1.56
1.26
1.08
1.11
1.07
1.18
1.41
1.17
0.98
1.05
0.93
1.12
1.29
1.19
1.14
1.07
1.10
1.14
1.13
1.08
0.93
0.96
0.97
1.01
1.34
1.12
0.98
1.01
1.01
1.07

2011
2nd
3rd
1.05 1.18
1.10 1.21
0.98 1.01
1.02 1.05
1.03 1.06
1.05 1.11
1.18 1.24
1.06 1.07
0.93 0.96
0.98 0.98
1.03 1.03
1.02 1.03
1.66 1.72
1.27 1.29
1.06 1.06
1.09 1.12
1.06 1.07
1.18 1.19
1.40 1.45
1.17 1.20
0.97 1.01
1.06 1.07
0.94 1.02
1.13 1.16
1.32 1.42
1.16 1.19
1.11 1.17
1.07 1.11
1.14 1.16
1.12 1.16
1.17 1.23
1.10 1.13
0.92 0.95
0.98 1.00
0.98 1.01
1.02 1.05
1.35 1.41
1.12 1.15
0.97 1.00
1.02 1.03
1.02 1.05
1.07 1.09

4th
1.24
1.16
1.00
1.01
1.01
1.08
1.26
1.09
0.95
0.99
0.99
1.04
1.66
1.32
1.06
1.11
1.08
1.21
1.44
1.22
1.01
1.09
1.00
1.17
1.35
1.16
1.11
1.11
1.07
1.13
1.22
1.12
0.95
0.98
1.00
1.04
1.41
1.16
0.99
1.03
1.01
1.09

1st
1.22
1.19
0.98
1.08
1.03
1.11
1.31
1.11
0.97
1.00
1.00
1.05
1.70
1.34
1.09
1.15
1.12
1.24
1.46
1.25
1.06
1.16
1.05
1.21
1.35
1.19
1.14
1.10
1.13
1.15
1.26
1.15
0.97
1.01
1.00
1.06
1.44
1.18
1.01
1.06
1.03
1.12

2012
2nd
3rd
1.23 1.24
1.14 1.15
1.01 1.01
1.03 1.03
1.00 1.02
1.07 1.09
1.29 1.35
1.13 1.14
0.98 1.00
1.05 1.06
1.05 1.05
1.08 1.10
1.81 1.64
1.36 1.44
1.12 1.18
1.16 1.17
1.17 1.20
1.26 1.31
1.57 1.58
1.29 1.30
1.07 1.10
1.19 1.18
1.06 1.12
1.25 1.26
1.44 1.45
1.20 1.19
1.14 1.15
1.13 1.13
1.20 1.15
1.17 1.16
1.36 1.28
1.18 1.22
0.99 1.01
1.03 1.07
1.02 1.03
1.09 1.12
1.52 1.52
1.20 1.22
1.03 1.05
1.09 1.10
1.06 1.07
1.14 1.16

4th
1.27
1.14
1.02
1.02
1.02
1.08
1.37
1.13
0.97
1.04
1.05
1.08
1.90
1.38
1.19
1.17
1.16
1.28
1.57
1.24
1.06
1.15
1.25
1.22
1.43
1.25
1.22
1.16
1.20
1.21
1.47
1.21
1.00
1.09
1.04
1.12
1.54
1.19
1.04
1.09
1.09
1.14

1st
1.36
1.18
1.04
1.04
1.06
1.11
1.39
1.15
1.00
1.05
1.04
1.10
1.81
1.42
1.23
1.24
1.24
1.33
1.64
1.27
1.10
1.19
1.06
1.24
1.61
1.25
1.19
1.16
1.18
1.20
1.36
1.25
1.02
1.09
1.05
1.14
1.56
1.22
1.06
1.10
1.08
1.16

2013
2nd
3rd
1.36 1.35
1.20 1.23
1.08 1.10
1.09 1.11
1.09 1.17
1.14 1.17
1.44 1.50
1.19 1.22
1.04 1.07
1.08 1.11
1.08 1.10
1.13 1.17
1.87 1.56
1.48 1.48
1.20 1.25
1.31 1.32
1.25 1.26
1.37 1.38
1.69 1.67
1.28 1.34
1.10 1.13
1.21 1.25
1.11 1.11
1.26 1.30
1.63 1.64
1.29 1.32
1.24 1.25
1.24 1.20
1.25 1.21
1.27 1.26
1.38 1.42
1.27 1.32
1.05 1.09
1.15 1.18
1.07 1.14
1.18 1.22
1.61 1.61
1.25 1.29
1.09 1.12
1.15 1.17
1.11 1.14
1.20 1.23

4th
1.37
1.23
1.12
1.10
1.08
1.16
1.48
1.21
1.08
1.10
1.10
1.15
1.64
1.52
1.25
1.32
1.25
1.41
1.70
1.38
1.15
1.26
1.19
1.34
1.69
1.35
1.24
1.18
1.21
1.27
1.52
1.31
1.07
1.14
1.10
1.20
1.62
1.30
1.13
1.16
1.13
1.23

Average Rent Per Square Foot by Apartment Unit Size by County
(In Dollars)

County

Apartment
Size (Sq. Ft)

Adams

499 below

Arapahoe

Boulder/
Broomfield

Denver

Douglas

Jefferson

Metro
Average

2004

2005

2006

2007

2008

2009

2010

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

1.07

1.09

1.25

1.23

1.31

1.27

1.22

1.27

1.22

1.13

1.05

1.09

1.09

1.47

1.47

1.28

1.32

1.31

1.30

1.28

1.37

1.28

1.30

1.33

1.25

2nd

2011
3rd

4th

2012

1st

2nd

3rd

1.49 1.36 1.23 1.24

1.23

1.28

4th

2013

1st

2nd

3rd

1.38 1.29

1.35

1.33

4th

1st

2nd

3rd

4th

1.38 1.46

1.33

1.35

1.39

500 to 749

0.99

0.96

1.00

0.99

0.99

1.00

0.96

0.96

0.96

1.00

1.02

1.00

1.01

1.04

1.02

1.03

1.05

1.09

1.07

1.07

1.07

1.07

1.06

1.04

1.11

1.12 1.13 1.12 1.15

1.09

1.24

1.18 1.21

1.15

1.15

1.13 1.18

1.21

1.24

1.24

750 to 999

0.94

0.91

0.93

0.92

0.92

0.96

0.96

0.98

0.95

0.98

0.96

0.95

0.95

0.98

0.96

0.98

0.98

1.02

1.00

0.99

0.96

1.00

0.98

0.91

1.01

1.01 1.03 1.02 1.03

1.02

1.07

1.02 1.07

1.04

1.05

1.05 1.07

1.10

1.12

1.13

1000 above

0.95

0.95

0.93

0.95

0.95

0.98

0.97

0.95

0.96

0.96

0.96

0.95

0.96

0.99

0.97

0.96

0.95

1.03

1.01

1.00

0.98

0.98

0.94

0.88

0.98

0.99 1.01 1.00 1.00

1.02

1.02

1.02 1.03

1.02

1.04

1.03 1.06

1.10

1.14

1.10

499 below

1.01

1.06

1.08

1.10

0.97

1.05

0.97

1.02

1.01

1.01

1.07

1.03

1.10

1.16

1.14

1.11

1.02

1.09

1.13

1.16

1.17

1.15

1.16

1.10

1.45

1.48 1.41 1.18 1.18

1.20

1.20

1.23 1.25

1.26

1.31

1.31 1.35

1.39

1.42

1.41

500 to 749

0.94

0.96

0.94

0.94

0.98

0.97

0.98

0.96

0.96

0.96

0.97

0.95

0.94

0.98

1.00

1.00

1.01

1.02

1.02

1.00

1.02

0.99

0.99

0.98

1.03

1.04 1.05 1.04 1.05

1.03

1.05

1.06 1.08

1.10

1.11

1.10 1.13

1.15

1.20

1.19

750 to 999

0.94

0.94

0.94

0.94

0.95

0.93

0.96

0.95

0.96

0.96

0.97

0.95

0.94

0.95

0.95

0.94

0.95

0.96

0.97

0.99

0.98

0.95

0.98

0.96

0.97

0.98 1.01 1.02 1.00

1.01

1.02

1.03 1.05

1.06

1.08

1.07 1.08

1.13

1.15

1.15

1000 above

0.91

0.93

0.93

0.93

0.94

0.93

0.95

0.93

0.93

0.94

0.94

0.94

0.91

1.01

0.93

0.93

0.94

0.93

0.96

0.96

0.94

0.94

0.96

0.94

0.93

0.96 1.00 1.01 0.99

1.00

1.00

1.01 1.02

1.07

1.09

1.06 1.07

1.10

1.13

1.10

499 below

1.37

1.37

1.35

1.38

1.85

1.36

1.33

1.37

1.34

1.40

1.34

1.38

1.40

1.36

1.43

1.39

1.34

1.39

1.39

1.43

1.40

1.61

1.42

1.39

1.42

1.43 1.44 1.60 1.47

1.54

1.56

1.63 1.62

1.74

1.81

1.70 1.68

1.73

1.64

1.88
1.53

500 to 749

1.17

1.14

1.12

1.17

1.16

1.17

1.14

1.13

1.11

1.17

1.18

1.19

1.21

1.17

1.19

1.22

1.24

1.30

1.31

1.29

1.30

1.31

1.31

1.27

1.25

1.25 1.26 1.28 1.33

1.32

1.36

1.38 1.41

1.43

1.47

1.48 1.51

1.54

1.53

750 to 999

1.01

1.05

1.06

1.08

0.98

1.00

1.01

1.05

1.05

1.03

1.06

1.03

1.02

1.05

1.01

1.04

1.03

1.04

1.09

1.08

1.06

1.07

1.07

1.05

1.06

1.11 1.12 1.12 1.14

1.14

1.14

1.16 1.18

1.21

1.28

1.25 1.29

1.33

1.37

1.40

1000 above

0.99

1.08

1.06

1.06

1.01

1.03

1.05

1.06

1.01

1.00

1.08

1.05

1.06

1.04

0.99

1.04

0.99

1.02

1.02

1.01

0.96

0.98

1.00

0.97

0.98

1.09 1.06 1.06 1.07

1.08

1.10

1.10 1.14

1.14

1.16

1.14 1.22

1.27

1.26

1.26

499 below

1.14

1.13

1.16

1.13

1.13

1.08

1.10

1.16

1.19

1.25

1.35

1.31

1.34

1.18

1.22

1.32

1.30

1.31

1.32

1.34

1.33

1.37

1.39

1.56

1.39

1.38 1.41 1.40 1.40

1.43

1.48

1.51 1.53

1.56

1.60

1.56 1.64

1.71

1.70

1.72

500 to 749

1.01

1.01

1.04

1.02

1.02

1.02

1.03

1.06

1.05

1.08

1.10

1.08

1.08

1.10

1.12

1.11

1.12

1.14

1.13

1.11

1.12

1.09

1.11

1.13

1.13

1.13 1.13 1.12 1.15

1.15

1.18

1.20 1.22

1.26

1.28

1.22 1.25

1.26

1.30

1.37

750 to 999

0.89

0.90

0.93

0.95

0.96

0.96

0.99

0.98

0.97

0.98

1.11

1.02

1.02

1.04

1.08

1.04

1.04

1.11

1.10

1.09

1.11

1.08

1.07

1.09

1.06

1.11 1.11 1.12 1.11

1.10

1.13

1.13 1.18

1.23

1.22

1.17 1.20

1.23

1.28

1.29

1000 above

0.90

0.93

0.93

0.96

0.97

0.98

0.99

1.00

0.98

0.97

1.01

0.99

0.99

1.01

1.02

1.02

1.02

1.06

1.06

1.08

1.09

1.05

1.02

1.04

1.01

1.04 1.02 1.03 1.03

1.05

1.10

1.08 1.15

1.18

1.21

1.20 1.17

1.20

1.23

1.23

499 below
500 to 749

0.86

0.94

0.98

0.92

0.98

0.94

1.13

1.01

0.99

1.08

1.01

1.00

0.97

1.00

1.01

1.06

1.01

1.02

1.07

1.06

1.03

1.05

1.08

1.00

1.19

1.05 1.16 1.20 1.21

1.21

1.23

1.18 1.20

1.20

1.18

1.19 1.24

1.39

1.37

1.39

750 to 999

1.11

1.09

1.16

1.13

1.14

1.09

1.12

1.12

1.10

1.09

1.08

1.08

1.06

1.11

1.09

1.15

1.12

1.14

1.15

1.11

1.07

1.05

1.11

1.08

1.12

1.14 1.16 1.16 1.17

1.14

1.18

1.14 1.18

1.18

1.18

1.25 1.24

1.28

1.30

1.32

1000 above

1.01

1.02

1.06

1.04

1.08

1.02

1.06

1.05

1.03

1.06

1.02

1.00

1.00

1.02

1.01

1.01

1.01

1.03

1.03

1.00

1.00

1.00

1.05

1.01

1.06

1.08 1.10 1.08 1.09

1.09

1.12

1.12 1.11

1.15

1.14

1.17 1.16

1.24

1.21

1.20

499 below

2.56

1.09

1.09

1.07

1.08

1.05

1.04

1.07

1.13

1.10

1.11

0.99

0.99

0.98

0.99

1.08

0.99

1.37

1.41

1.40

1.41

1.39

1.36

1.40

1.24

1.21 1.07 1.08 1.16

1.18

1.24

1.19 1.17

1.51

1.21

1.52 1.32

1.35

1.41

1.58

500 to 749

0.99

1.02

1.02

1.02

1.02

1.04

1.05

1.03

1.03

1.06

1.05

1.05

1.02

1.02

1.02

1.06

1.02

1.04

1.05

1.02

1.03

1.03

1.03

1.02

1.03

1.04 1.05 1.06 1.07

1.08

1.11

1.11 1.13

1.16

1.21

1.18 1.21

1.24

1.29

1.28
1.17

750 to 999

0.92

0.92

0.91

0.94

0.93

0.95

0.94

0.95

0.94

0.94

0.95

0.95

0.91

0.93

0.94

0.96

0.95

0.97

1.00

0.96

0.96

0.97

0.98

1.05

0.97

0.99 1.01 0.99 1.00

1.00

1.03

1.03 1.05

1.08

1.11

1.10 1.13

1.15

1.21

1000 above

0.89

0.91

0.89

0.90

0.91

0.91

0.91

0.92

0.89

0.91

0.94

0.96

0.91

0.90

0.90

0.89

0.91

0.96

0.97

0.94

0.93

0.91

0.93

0.94

0.93

0.94 0.96 0.94 0.95

0.97

0.99

0.97 0.99

1.01

1.04

1.07 1.07

1.14

1.14

1.11

499 below

1.31

1.16

1.18

1.16

1.32

1.11

1.11

1.15

1.17

1.20

1.25

1.23

1.26

1.22

1.25

1.28

1.23

1.30

1.30

1.33

1.32

1.32

1.35

1.42

1.40

1.41 1.40 1.36 1.34

1.38

1.41

1.46 1.47

1.52

1.55

1.53 1.55

1.60

1.59

1.65
1.29

500 to 749

0.99

0.99

1.00

1.00

1.01

1.01

1.02

1.02

1.01

1.03

1.05

1.03

1.02

1.05

1.06

1.07

1.07

1.09

1.08

1.07

1.08

1.06

1.07

1.06

1.09

1.09 1.10 1.10 1.11

1.10

1.14

1.14 1.17

1.18

1.20

1.17 1.20

1.22

1.27

750 to 999

0.95

0.95

0.96

0.96

0.97

0.97

0.98

0.99

0.98

0.98

1.01

0.98

0.97

0.99

0.99

1.00

1.00

1.03

1.03

1.02

1.01

1.00

1.02

1.01

1.02

1.04 1.06 1.06 1.06

1.05

1.08

1.07 1.10

1.12

1.13

1.12 1.14

1.18

1.22

1.22

1000 above

0.93

0.95

0.95

0.96

0.97

0.97

0.98

0.98

0.96

0.96

0.98

0.98

0.96

1.00

0.97

0.97

0.97

1.00

1.00

1.00

0.98

0.97

0.98

0.96

0.97

1.01 1.01 1.01 1.01

1.03

1.04

1.04 1.07

1.10

1.11

1.11 1.11

1.16

1.18

1.16

Rents are based on units being unfurnished with tenants paying gas and electricity.
Average rents do not reflect "rental losses" due to concessions, discounts, model, delinquents and bad debts.

II-20

Rental Losses from
Discounts/Concessions, Models, Delinquents, and Bad Debts
(In Percent)
Average Rent Minus Rental Losses Equals Effective Rent
2004
Building Type

1st

2nd

2005
3rd

4th

1st

2nd

2006
3rd

4th

1st

2nd

2007
3rd

4th

1st

2nd

2008
3rd

4th

1st

2nd

2009

2010

3rd

4th

1st

2nd

3rd

7.1

26.9

8.0

24.2

4th

2011

2012

2013

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

9.9

4.7

2.1

3.8

5.2

4.2

5.2

4.6

0.1

5.5

2.4

2.4

-2.1

Size
Up to 8

1.4

2.3

2.8

-1.5

6.5

2.4

3.5

4.3

2.6

9 - 50

5.3

-0.1

3.7

3.5

2.3

2.8

1.3

-7.1

6.8

51 - 99

4.5

4.7

8.8

6.8

5.4

3.6

4.7

7.3

7.4

1.2

4.1

0.3

6.6

22.2

1.2 15.3 13.9 16.6

3.9

6.4

3.4

2.7

6.4

3.3

5.2

2.1

3.5

13.8

4.9 11.6

8.2 12.1

1.7

4.3

3.6 10.7

13.7

26.5

-8.5

4.8

7.3

3.8

5.0

4.2

8.1

8.9

3.9

4.2

6.0

3.2

4.9

4.2

4.9

11.0 13.2

5.7

4.8

6.8

7.9

5.0

5.9 11.2

5.6

6.8

5.3

5.0

13.3

12.2

4.9

4.9

5.7

6.5

4.7

5.9

7.3

8.2

5.2

3.2

1.1

6.5

3.5

2.4 10.2

100 - 199

5.6

9.1

11.0

11.1

10.0

9.6

11.1

13.6

3.4

13.4

14.0 14.7 13.9

11.1

11.5 13.5

8.5

8.2

13.0

7.4

3.6

5.9

7.3

5.1

5.4

6.7

10.4 10.4 10.8

13.0

8.0

10.3

7.8

7.7

5.5

4.3

5.6

200 to 349

14.5

17.2

17.2

16.7

15.1

18.5

19.7

350 up

23.9

19.5

18.7

16.9

19.9

17.3

20.3

18.2

19.0

20.1 17.0 16.2

14.1

13.7 14.3 11.0 11.8 14.3

12.9 10.0

10.3

9.1

8.7

6.9

11.3

9.9

14.4 10.5 10.3

10.9

9.0

9.0

8.4

9.8

8.9

7.7

8.2

20.5

17.9

18.6 17.9 17.7

18.4

11.3

13.3

6.6

7.0

13.4

9.0

11.5 11.2

15.5

12.6

12.9

8.4 10.8

11.0

11.9

9.7

5.6

3.6

-9.1

8.7

9.7 10.9 11.0 10.4

9.1

9.8

8.7

-3.1 10.5

4.2

9.2 11.6
10.5

7.0

4.4

6.1
10.9

Age
To 1959

2.9

5.2

2.4

2.0

5.5

10.2

9.5

1960-69

6.8

2.7

2.6

0.2

2.8

6.5

5.8

5.8

9.4

1970-79

5.1

1.7

12.3

7.9

9.4

5.6

12.5

11.4

12.5

6.7

7.2

14.2 10.9

6.0

1.9

16.5 13.6 12.0

6.8

10.6

6.5

9.2

6.6

5.8

8.4

1.4

15.3 10.6 12.8 15.5 15.5
10.8 12.1

7.8 10.0 10.9

2.8

5.2

6.6

8.2

12.4 10.7

3.1

8.5

4.9

4.4

5.4 10.5

2.9

10.4

8.6

16.9

4.2

5.7

7.5

4.5

9.3

6.5

8.4

4.2

4.6

3.8

4.6

6.2

9.6

7.7

9.6

6.5

9.4

7.9

5.7

6.6

5.6

3.0

4.6

14.8 11.1

8.3

5.0

9.2

2.7

10.4

5.7

8.3

5.6

10.7

9.4

9.1 11.2

1980-89

13.4

9.1

10.3

12.4

8.7

15.1

18.7

14.3

12.6

16.2 16.9 16.4

13.6

12.2 12.2 10.8 10.8 12.2

14.3

9.1

7.9

6.7

9.7

6.9

6.7

9.6

13.2

9.8

7.9

13.7

11.7

1990-99

17.4

19.0

18.7

16.3

13.8

18.6

20.0

17.1

18.9

17.7 17.3 15.4

18.2

11.1 12.0 12.0

11.5 11.2

3.5

6.2

8.0

3.3

7.3

7.7

12.3

8.6

7.5

11.1

9.2

2000-04

16.0

18.1

18.6

16.4

19.0

23.8

21.2

7.6

8.8

16.7

10.5

13.6 11.7

14.6 11.1 11.1

11.9

11.5

18.6 12.2

18.0

17.5

22.7 15.5

22.0 11.2 18.9

18.6

9.4

2005 up

9.7

7.7

24.5

22.7

20.7 19.2 19.2

18.5

13.3 12.0 11.4 10.5 12.6

16.0

18.0

10.7 21.0 16.9

-5.4

23.0 17.6

7.3

4.2 34.1

8.7

8.3

32.9

8.1

11.9

4.2

4.8

5.9

4.5

4.7

6.5

5.6

5.6

5.9 17.7

6.9

5.3

8.5 12.2

9.1

7.8

9.8

6.4

7.7

7.7

6.1

8.1

9.7

10.5

7.2

7.1

8.1

7.3

7.0

9.7

11.7

6.9

5.5

12.2

6.0

14.1

13.1

8.4

2.8

5.8

10.5

7.9

3.2

14.4

8.4

10.1 10.8
8.9

9.0

County
Adams

14.5

18.4

17.3

15.5

13.6

17.6

15.5

15.5

16.7

18.1 18.1 14.7

14.7

16.2 12.6 12.6 12.0 12.5

11.8 11.1

7.1 11.8

10.4

8.3

12.4 11.9

14.6 10.4 10.6

13.8

14.5

10.8

8.1

5.5

5.7

7.9

7.2

Arapahoe

17.2

14.2

17.3

13.4

15.3

16.7

17.9

14.5

14.6

16.1 15.8 17.1

12.1

13.3 13.3 10.7 12.0 15.4

12.5 10.8

9.5

7.4

10.8

9.9

11.6 11.4

17.1 12.4

8.9

11.7

10.4

8.8

8.7

11.0

11.4

8.3

8.2

10.2

8.0

4.8

Boulder/Broomfield

12.1

19.4

19.2

17.4

25.1

11.9

17.8

19.8

18.2

22.6 19.5 17.3

17.6

12.3 10.5

9.5

7.2

8.3

5.3

5.6 13.7

12.3

5.3

8.0

6.4

6.1

6.3

2.5

8.3

7.9

7.6

6.2

7.9 11.6

12.3

10.3

9.2

7.7

8.3

7.8

9.5

7.2

9.1

11.7

9.2

8.6

13.5

15.7

9.5

7.1

Denver

15.1

15.1

15.7

15.8

12.3

13.3

17.9

15.0

16.5

18.8 16.8 14.6

13.6

10.8 10.6

Douglas

26.6

28.2

22.5

23.3

20.6

25.8

22.6

26.7

22.8

26.1 17.4 19.0

18.9

16.7 13.9 11.1

Jefferson

7.4

5.7

7.7

9.9

8.9

10.6

11.8

14.7

12.4

9.4 12.9 10.5

14.6

Average

15.2

15.5

16.1

15.1

15.0

15.4

17.3

16.7

16.4

17.1 16.3 15.3

14.3

7.8 10.7 11.6

8.7
8.4

7.0

7.7

5.5

4.0

3.9

7.5

7.2

9.8

15.4

7.4

10.2

8.9

13.8

9.2

7.7

9.7

13.3 10.4 10.6

9.9

16.4 11.2

8.7

7.8

12.3

9.0

11.5

5.3

13.4

6.5

9.3

10.4 14.2

6.1 10.9
14.6

7.2

6.9
13.3

8.3 11.2

7.8

6.8

3.5

4.6

8.1

8.1

8.3

6.4

8.9

6.4

5.6

7.7

7.8

6.7

8.6

7.6

8.7

4.8

4.9

7.4 10.4

7.5

12.3 12.0 10.5 10.7 12.1

12.3

9.1

7.8

7.9

10.8

8.7

9.7

9.6

13.6

9.8

9.5

11.4

10.4

8.8

9.1

9.7

9.6

7.4

7.2

8.9

7.7

II-21

8.8

Economic Vacancy Rates by Size, Age and County
Defined as Physcial Vacancy Plus Concessions and Writeoffs
as a Percentage of Gross Potential Rent
(In Percent)
Building
Type

2004
1st

2nd

3rd

2005
4th

1st

2nd

3rd

2006
4th

1st

2nd

3rd

9.8 12.2 11.4 11.0 17.5 12.8 10.0 11.9

8.1

9.5

9.8

2007
4th

1st

2nd

3rd

2008
4th

1st

2nd

2009

3rd

4th

1st

2nd

3rd

2011

2010
4th

1st

2nd

3rd

4th

1st

2nd

2013

2012
3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1.6

Size (in units)
Up to 6

3.0 14.1 10.5 11.5

5.7 21.3 18.7 21.4

9.8 14.3 33.2 12.9 31.3 11.3

8.0

14.1

8.4

5.1

6.6

9.7

8.0

6.7

6.7

3.8

8.8

5.0

5.5

4.7

8.6

9.7 10.6 20.7 11.8 17.0 13.3 17.6

4.0 11.0 29.5

7.8 11.7 10.3 20.1 20.7 35.7

-1.9

11.9

12.8

8.3

8.7

7.9

11.4

12.1

6.4

7.6

8.3

6.6

7.8

7.3

7.9

7.8

9.8 12.8 16.6 11.9 13.3 11.7 13.3 20.3 21.5

12.8

12.4

11.6

12.0

9.2

10.9

11.0

11.6

8.4

7.9

4.9

9.8

6.2

7.4 14.4

7.2

9 - 50

14.9 10.0 12.8 14.1 12.9 12.9 11.6

51 - 99

15.6 15.9 15.5 16.0 15.2 11.5 13.3 15.5 14.3 18.6 20.8 14.4 11.2 13.0 13.3

100 - 199

15.4 18.8 18.4 19.8 18.2 17.7 18.2 19.7 20.5 20.8 21.6 20.9 18.9 17.4 18.8 13.8 13.1 14.0 18.2 14.5 11.4 13.1 14.6 12.4

12.7

13.6

16.0

15.9

15.9

17.5

12.9

15.1

11.7

12.0

9.3

0.7

14.2

8.0

9.7

200 to 349

24.9 26.4 25.7 27.2 24.5 26.3 26.7 25.9 26.4 26.5 23.3 23.1 21.2 20.0 19.6 17.0 17.7 20.5 19.8 18.4 19.4 17.5 16.5 13.9

17.2

15.4

19.0

15.7

15.6

15.2

13.4

13.8

13.0

14.3

12.9

13.3

13.2

13.3 15.9

11.7

350 up

35.1 29.5 27.9 26.9 29.3 25.3 28.7 29.0 25.5 26.0 25.1 24.5 25.3 17.3 14.9 17.5 17.3 17.0 19.8 17.0 14.9 17.3 20.5 17.2

18.2

17.4

21.3

15.8

14.9

18.2

18.5

14.9

16.7

16.3

16.8

14.6

10.4

14.9 12.0

16.2

8.1

Age (year built)
To 1959

11.9

1960-69

17.1 12.9 13.4 11.3 11.5 15.4 16.3 14.1 16.0 22.2 21.0 12.5

1.5 11.4 13.4 10.2

8.8 13.3 18.5 17.7 14.0 14.5 11.7 12.8 15.3 12.8 11.4 13.0

8.5 12.5 11.3 10.9 14.8 11.1

10.2

10.4

9.2

7.2

8.7

5.9

8.2

14.1

6.4

8.5

8.3

7.1

8.5

8.3

8.6

8.7

8.1 20.9 16.2 17.9 21.5 21.0 11.7 14.8 12.2 18.2 18.7 17.1

7.2

23.9

10.4

15.3

12.6

14.8

11.4

13.3

11.9

8.7

10.6

8.6

6.3

8.6

10.4

9.5

9.9
11.5

1970-79

12.4 12.6 19.5 17.4 18.6 15.9 22.8 21.0 21.1 25.0 21.7 19.3 18.1 17.4 17.9 14.6 15.8 16.8 19.3 18.8 15.0 19.6 14.7 16.9

12.4

16.9

20.1

16.9

14.1

14.1

15.9

14.3

10.9

16.3

13.8

13.8

15.3

10.3 21.9

1980-89

25.8 21.2 20.4 24.3 19.2 22.0 25.2 21.0 18.8 22.5 22.7 23.2 20.9 18.3 17.1 16.7 16.3 18.2 20.6 16.2 15.0 14.1 15.6 13.2

12.6

14.6

17.6

14.5

12.4

18.2

16.4

14.3

17.6

14.0

12.5

14.9

10.0

11.7 12.0

11.0

1990-99

25.2 25.9 25.6 25.1 21.4 26.0 25.9 24.2 25.5 23.3 22.2 22.0 24.4 16.7 17.3 18.0 15.7 13.9 17.1 18.8 10.8 12.4 13.9

11.9

12.3

16.3

13.2

12.1

15.6

13.9

13.2

13.3

14.3

14.6

12.1

11.3

12.1 12.4

12.0

2000-04

24.6 25.7 26.0 25.2 27.4 30.9 28.0 31.8 30.3 27.4 25.0 26.3 25.3 19.4 16.9 17.4 16.3 19.0 14.9 15.4 15.8 16.3 22.1 16.3

18.5

16.8

18.7

15.7

16.1

15.8

15.4

15.0

15.2

13.8

15.7

11.5

10.3

15.9

9.5

18.7

2005 up

40.8 32.1 28.4 43.7 30.8 15.7 37.4 28.4 14.5 27.0 46.8 50.2 27.2 44.5 38.2 38.0 34.6

36.2

26.5

35.1

23.9

31.4

27.5

17.4

16.7

14.9

18.1

13.6

10.7

15.9

16.1 14.3

12.7

9.8

County
Adams

24.1 28.3 24.9 27.2 24.2 26.4 23.2 23.6 23.6 24.3 24.5 22.0 22.5 22.6 18.5 20.0 18.5 19.3 19.3 19.9 15.5 20.3 17.1 14.6

19.2

17.1

19.1

16.2

16.1

19.0

19.9

15.6

18.7

15.7

12.3

10.0

10.8

11.7 12.9

19.7

Arapahoe

28.0 24.0 26.5 23.5 24.2 24.1 24.7 21.9 21.6 23.0 22.6 24.5 19.9 19.5 18.3 16.7 18.4 21.3 19.5 19.1 19.2 18.1 19.3 18.5

18.8

17.8

23.8

19.0

15.3

17.2

16.0

15.6

15.0

16.6

16.2

13.3

12.4

14.7 12.7

9.9

Boulder/Broomfield

23.1 28.9 25.2 26.4 36.2 20.6 25.5 27.0 25.1 29.7 24.3 22.8 22.3 16.4 14.1 14.9 14.3 13.4 12.4 11.6 10.0 14.4 13.8 11.1

8.9

12.4

10.7

9.2

18.6

16.9

10.0

12.4

10.3

9.8

9.3

6.2

11.5

11.7 10.4

9.6

Denver

25.2 25.3 24.0 25.6 21.5 22.1 27.5 23.7 24.3 26.4 24.1 21.5 20.8 16.9 16.3 13.4 16.7 15.5 21.4 15.4 18.7 18.7 22.2 18.0

14.6

17.1

18.6

15.6

15.5

16.5

14.6

14.0

11.9

13.1

12.1

15.6

12.6

10.7 15.5

13.0

Douglas

41.1 38.0 31.7 33.4 29.0 32.2 30.1 34.8 31.0 31.8 23.8 26.0 25.3 22.6 19.4 18.1 14.5 18.2 22.3 18.6 15.8 13.6 16.6 14.4

16.0

9.2

17.8

11.7

14.7

12.8

15.5

13.8

13.5

17.4

19.9

13.7

13.6

17.5 10.7

18.3

Jefferson

16.5 14.8 16.2 19.2 17.4 18.6 18.6 22.3 19.9 16.7 20.2 17.1 20.9 15.2 16.1 17.6 13.9 17.2 14.3 14.1 11.1 11.8 14.4 15.4

14.1

11.9

12.8

10.9

10.3

12.3

12.2

11.0

12.4

11.5

12.4

9.0

8.6

11.1 14.0

12.1

Average

25.7 25.2 24.5 25.1 24.3 23.5 24.9 24.6 23.7 24.1 23.1 22.3 21.4 18.5 17.3 16.6 16.6 18.3 18.8 17.0 16.3 16.9 18.2 16.4

16.2

15.7

18.9

15.4

15.0

16.2

15.3

14.3

14.0

14.5

13.8

12.3

11.8

13.0 13.2

12.9

II-22

Average Rents for the Metropolitan Area
(in dollars)

Efficency

1 Bed

2 Bed
1 Bath

2 Bed
2 Bath

3 Bed

Other

All

By County
Adams

730.12

825.68

931.98

1129.35

1282.23

1035.93

Arapahoe

678.27

863.51

934.75

1165.74

1429.87

1182.75

948.68
995.27

Boulder/Broomfield

832.25

1059.93

1121.06

1412.58

1579.45

1390.30

1198.13

Denver

884.29

968.23

1015.52

1353.31

1576.77

965.69

1064.87

Douglas

930.00

1088.18

1194.11

1352.49

1636.38

1903.00

1236.83

Jefferson

679.61

902.43

924.73

1143.89

1310.14

944.68

994.94

Metro Average

816.49

921.44

984.23

1233.91

1437.85

1081.45

1041.61

By Market Area
Adams County
Aurora-North

608.81

706.80

835.99

910.00

Commerce City

475.00

704.24

870.40

956.82

1003.85

750.61

Northglenn/Thornton

779.16

875.64

997.47

1172.34

1314.13

1059.30

1019.27

Westminster

750.31

787.14

895.44

1075.94

1189.92

999.00

887.56

Arapahoe County - South

917.36

1006.87

1121.96

1298.21

1596.03

1335.53

1180.81

Arapahoe County - Southeast

924.00

1138.97

1292.83

1449.87

1980.76

1824.00

1302.02

Aurora - Central Northeast

561.97

749.48

844.24

1043.48

1301.85

1262.50

886.62

Aurora - Central Northwest

599.00

861.52

906.22

1211.05

1372.37

30.00

1013.30

Aurora - Central Southeast

637.50

756.31

836.55

963.83

1451.15

1613.14

869.31

Aurora - Central Southwest

580.41

780.14

861.02

1013.94

1051.22

900.00

878.28

Aurora - South

697.85

843.16

953.51

1143.70

1493.89

1260.00

994.05

Englewood, Sheridan

639.64

860.14

999.28

1207.09

1441.85

1490.00

989.69

Glendale

670.31

864.72

929.88

1290.70

1773.38

1175.00

Littleton

695.38

926.17

1030.46

1262.66

1667.12

819.03

Arapahoe County

953.35
1055.97

Boulder/Broomfield Counties
Boulder County - Other

935.00

1161.00

1275.57

1465.85

1580.01

1689.00

1331.03

Broomfield

1085.53

1085.57

1054.83

1428.87

1574.28

1486.29

1212.46

City of Boulder - Except University

1800.00

1277.28

1108.84

1082.54

1174.38

1637.79

2028.89

City of Boulder - University Area

746.53

999.24

1428.95

1368.13

2650.00

Longmont

858.36

915.89

1025.91

1166.11

1327.52

957.00
1162.50

1045.44

2030.33

1509.52

Denver City/County
Denver - Central

721.95

1011.33

1227.00

1568.47

1585.96

1201.08

1407.46

1375.31

1762.82

2487.15

Denver - East Central

778.70

924.93

1030.56

1276.01

1667.75

Denver - Far Southeast

765.76

856.04

983.44

1146.31

1300.79

Denver - North Central

665.61

1433.23

1193.83

2077.90

2202.16
1050.00

Denver - Downtown

Denver - Northeast

833.00

749.98

751.46

1157.32

Denver - Northwest

1260.33

1047.66

1131.26

2488.00

Denver - South Central

969.33

988.55

1475.91

1663.14

Denver - Southeast

611.77

782.11

901.79

1015.35

Denver - Southwest

552.58

858.78

1034.12

1086.66

Denver - West Central

626.61

662.82

749.28

1018.46
1098.23

1040.68
1103.69
1238.75

945.61
1514.04
844.18

701.45

1162.03

1191.56

881.75

1173.33

1380.22

699.29

857.46

2060.00

875.75

778.00

988.29

1218.90

1408.40

1246.46

1373.95

1702.90

1903.00
1449.00

943.36
700.90

Douglas County
Castle Rock
Douglas County - North

930.00

1122.65
1256.49

Jefferson County
Arvada

714.67

793.37

876.28

1114.36

1165.73

Golden

639.77

1035.40

920.63

1205.08

1170.89

Lakewood - North

584.39

850.61

936.76

1131.75

1391.65

965.58

958.26

Lakewood - South

704.40

951.26

990.84

1169.86

1419.01

1095.62

1053.30

Wheat Ridge

628.67

696.72

849.40

866.38

1129.94

796.58

822.79

II-23

909.15
1094.64

Average Rents for the Metropolitan Area - Buildings with up to Six Units
(in dollars)

Efficency

2 Bed
1 Bath

1 Bed

2 Bed
2 Bath

3 Bed

Other

All

By County
Adams
Arapahoe

846.58

766.11

898.00

Boulder/Broomfield

500.00

775.00

1020.00

1051.67

1099.50

837.03

Denver

462.50

713.78

851.38

Jefferson

425.00

689.00

769.38

Metro Average

450.00

741.18

805.10

974.83

1127.16

844.00

898.00

898.00

1098.00

922.33

1052.50

1052.50

1195.00

1430.83

870.94
1144.29

522.50

790.89

Douglas
1126.00

786.90
522.50

805.96

By Market Area
Adams County
Aurora-North
Commerce City
Northglenn/Thornton
Westminster
Arapahoe County
Arapahoe County - South
Arapahoe County - Southeast
Aurora - Central Northeast
Aurora - Central Northwest
Aurora - Central Southeast
Aurora - Central Southwest
Aurora - South
Englewood, Sheridan

1580.00

1325.00

571.88

688.00

649.29

821.25

967.50

870.00

Glendale
Littleton
Boulder/Broomfield Counties
Boulder County - Other
Broomfield
City of Boulder - Except University

775.00

1051.67

913.33

City of Boulder - University Area
Longmont

500.00

590.00

1072.50

550.00

635.00

1100.00

808.75

Denver City/County
Denver - Central

1297.50

767.00

Denver - Downtown
Denver - East Central

781.25

Denver - Far Southeast

781.25
885.50

885.50

Denver - North Central
Denver - Northeast
Denver - Northwest

630.00
375.00

Denver - South Central

1050.00

840.00

635.00

819.62

445.00

737.63

967.86

1000.00

600.00

943.18

Denver - Southeast
Denver - Southwest
Denver - West Central

695.00

885.00

758.33

Douglas County
Castle Rock
Douglas County - North
Jefferson County
Arvada
Golden

425.00

601.67

772.14

765.00

1011.25

Lakewood - North

672.22

Lakewood - South

750.00

Wheat Ridge

675.00

II-24

768.08

721.00
761.82
1144.71

878.94

995.00

764.81

750.00

Average Rents for the Metropolitan Area - Buildings with Seven to Thirty-Six Units
(in dollars)

Efficency

2 Bed
1 Bath

1 Bed

2 Bed
2 Bath

3 Bed

Other

All

By County
Adams

495.00

702.75

822.97

950.08

900.00

785.36

Arapahoe

618.75

668.12

750.59

1095.52

1242.43

763.67

Boulder/Broomfield

698.75

857.90

1401.38

1133.50

1586.67

985.49

Denver

637.91

854.14

1080.76

1175.74

1117.21

1506.80

877.23

Douglas
Jefferson

649.00

670.74

732.82

858.44

897.25

983.19

732.90

Metro Average

637.25

819.97

913.14

1095.29

1116.48

1258.78

848.86

600.00

750.00

768.41

918.00

1019.00

900.00

850.56

650.00

800.00

900.00

733.33

625.00

725.00

795.00

892.00

1161.00

By Market Area
Adams County
Aurora-North
Commerce City

475.00

Northglenn/Thornton
Westminster

555.00

690.00

700.63

Arapahoe County
Arapahoe County - South
Arapahoe County - Southeast
Aurora - Central Northeast
Aurora - Central Northwest

1237.00

1140.33

Aurora - Central Southeast
Aurora - Central Southwest
Aurora - South
Englewood, Sheridan

651.84

790.00

Glendale

645.00

675.90

760.30

Littleton

575.00

677.97

655.00

665.00
1275.00

734.10

950.00

707.50

Boulder/Broomfield Counties
Boulder County - Other
Broomfield

700.00

800.00

City of Boulder - Except University

910.00

912.65

1150.00

1170.00

1600.00

714.29
963.03

City of Boulder - University Area

765.00

1017.35

1685.29

1368.13

2650.00

1294.35

Longmont

560.00

685.09

785.00

880.63

873.33

723.07

Denver - Central

638.74

862.20

1131.64

1111.03

1185.71

879.40

Denver - Downtown

675.00

880.00

Denver - East Central

515.00

849.60

665.61

902.08

1193.83

686.25

802.22

Denver City/County
950.00

847.80
833.67

Denver - Far Southeast
Denver - North Central
Denver - Northeast
Denver - Northwest

650.00

767.09

751.00

Denver - South Central

757.72

867.05

1026.88

296.25

701.40

1147.00

827.71
766.54
752.46

1600.00

1350.00

2600.00

1066.73

745.00

850.00

778.00

744.28

924.00

Denver - Southeast
Denver - Southwest
Denver - West Central

650.00

591.53

Douglas County
Castle Rock
Douglas County - North
Jefferson County
600.00

723.44

Golden

Arvada
673.68

720.00

830.00

Lakewood - North

575.00

665.50

706.27

742.50

834.00

638.82

759.87

Lakewood - South
Wheat Ridge

562.50

II-25

756.36
711.85

855.67

863.33

900.00

785.00

921.56
1032.50

713.34
958.28
709.03

Average Rents for the Metropolitan Area - Buildings with Thirty-Seven and Above Units
(in dollars)

Efficency

2 Bed
1 Bath

1 Bed

2 Bed
2 Bath

3 Bed

Other

All

By County
Adams

736.11

826.23

932.95

1129.92

1285.01

1035.93

Arapahoe

678.92

864.68

939.36

1165.96

1431.53

1182.75

949.56
996.98

Boulder/Broomfield

834.42

1066.80

1116.70

1414.62

1579.35

1390.30

1202.64

Denver

917.36

979.91

1012.63

1355.17

1595.14

895.79

1079.42

Douglas

930.00

1088.18

1194.11

1352.49

1636.38

1903.00

1236.83

Jefferson

684.09

910.00

938.33

1145.09

1316.52

940.75

1003.99

Metro Average

832.03

924.93

987.37

1234.54

1442.02

1071.74

1046.80

By Market Area
Adams County
Aurora-North

608.81

Commerce City

709.89

841.26

910.00

696.67

862.99

950.00

1050.00

752.95
814.49

Northglenn/Thornton

779.16

876.03

998.26

1172.34

1314.91

1059.30

1019.72

Westminster

751.97

787.38

896.00

1076.64

1189.92

999.00

887.97

Arapahoe County - South

917.36

1006.87

1121.96

1298.21

1596.03

1335.53

1180.81

Arapahoe County - Southeast

924.00

1138.97

1292.83

1449.87

1980.76

1824.00

1302.02

Aurora - Central Northeast

561.97

749.48

844.24

1043.48

1301.85

1262.50

886.62

Aurora - Central Northwest

599.00

861.53

906.40

1212.27

1378.96

30.00

1012.52

Aurora - Central Southeast

637.50

756.31

836.55

963.83

1456.97

1613.14

869.22

Aurora - Central Southwest

580.41

780.14

861.02

1013.94

1051.22

900.00

878.28

Aurora - South

697.85

843.16

953.51

1143.70

1493.89

1260.00

994.05

Englewood, Sheridan

639.64

863.69

999.68

1207.09

1445.97

1490.00

993.33

Glendale

671.34

869.42

961.02

1290.70

1787.22

1175.00

Littleton

702.60

935.18

1073.16

1266.43

1667.12

Arapahoe County

963.89
1069.23

Boulder/Broomfield Counties
Boulder County - Other

935.00

1162.80

1278.59

1465.85

1580.01

1689.00

1332.36

Broomfield

1085.53

1086.96

1055.22

1428.87

1574.28

1486.29

1213.40

City of Boulder - Except University

1645.68

2037.13

1800.00

1289.33

1116.20

1094.73

1174.71

City of Boulder - University Area

746.45

997.42

1320.00

Longmont

873.28

929.20

1028.42

922.71
1169.42

1341.43

1162.50

1055.23

2030.33

1517.57

Denver City/County
Denver - Central

743.96

1110.55

1293.14

1606.82

1890.23

1212.59

1412.38

1375.31

1773.75

2487.15

Denver - East Central

825.24

930.60

1030.56

1276.01

1667.75

Denver - Far Southeast

765.76

856.04

983.78

1146.31

1300.79

2077.90

2400.00

Denver - Downtown

Denver - North Central

1544.19

Denver - Northeast

833.00

750.31

750.71

1157.32

Denver - Northwest

1325.00

1100.88

2113.00

2488.00

Denver - South Central

1120.99
1113.08
1238.75

945.63
1730.69
844.79

710.00

1251.63

1011.94

1012.72

1520.95

1666.61

1190.12

741.49

1188.52

Denver - Southeast

611.77

782.11

901.79

1015.35

1380.22

699.29

857.46

Denver - Southwest

624.53

865.23

1034.12

1086.66

Denver - West Central

626.61

663.69

751.30

2060.00

887.50

1018.46

988.29

1218.90

1408.40

1098.23

1246.46

1373.95

1702.90

1903.00

794.56

884.36

1449.00

953.07
694.41

Douglas County
Castle Rock
Douglas County - North

930.00

1122.65
1256.49

Jefferson County
Arvada

714.67

Golden

1055.55

1114.36

1175.91

1205.08

1170.89

913.86
1119.88

Lakewood - North

585.56

870.37

975.40

1142.23

1414.50

975.94

983.88

Lakewood - South

704.40

951.54

992.65

1169.86

1419.01

1108.37

1053.87

Wheat Ridge

631.61

701.74

861.30

866.26

1132.97

796.58

830.20

II-26

Average Rents for the Metropolitan Area - Buildings with Five Stories and Above
(in dollars)

Efficency

2 Bed
1 Bath

1 Bed

2 Bed
2 Bath

3 Bed

Other

All

By County
Adams

624.00

699.09

910.00

885.24

Arapahoe

705.00

929.07

920.86

1333.35

2808.89

1649.00

2198.00

1594.44

1372.24

886.02

1594.08

977.44

Boulder/Broomfield
Denver

1200.00
1514.80

762.25
1336.45

1027.76
1626.02

1004.94

1227.27

1323.49

951.40

1092.93

1220.65

1492.28

624.00

762.00

910.00

910.00

784.72

884.00

752.21

Douglas
Jefferson
Metro Average

989.26

1145.06

1065.53
1210.15

By Market Area
Adams County
Aurora-North
Commerce City
Northglenn/Thornton
Westminster

679.00

Arapahoe County
Arapahoe County - South

963.00

Arapahoe County - Southeast

1149.00

1537.00

2652.00

1475.00

2100.00

3600.00

1397.00

1732.11

1297.81

1637.00

1931.00

1460.34

Aurora - Central Northeast
Aurora - Central Northwest
Aurora - Central Southeast
Aurora - Central Southwest

1257.00

Aurora - South

811.27

944.00

966.33

Englewood, Sheridan

734.00

780.00

933.00

Glendale

691.86

785.72

904.57

Littleton

538.00

788.00

938.00

1200.00

1649.00

870.60
831.68

1019.91

1175.00

829.02
810.20

Boulder/Broomfield Counties
Boulder County - Other
Broomfield
City of Boulder - Except University

2198.00

1626.02

City of Boulder - University Area
Longmont
Denver City/County
Denver - Central
Denver - Downtown

788.25

1076.82

1051.07

1541.22

1820.00

1269.35

1412.86

1361.88

1761.20

2607.00

Denver - East Central

525.00

650.00

725.00

750.00

955.00

Denver - Far Southeast

921.67

1192.88

1305.62

1105.40

1350.00

2077.90

2400.00

Denver - North Central

1544.19

1146.67
1735.00

1530.24

1475.00

1162.60

697.32
1730.69

Denver - Northeast
Denver - Northwest

1325.00

1797.00

2113.00

2488.00

Denver - South Central

1154.05

1177.68

1946.82

1755.67

Denver - Southeast

589.00

695.00

843.00

877.00

Denver - Southwest

595.00

774.99

837.00

Denver - West Central

648.00

745.00

948.00

1786.21
1105.88

835.82

1343.13

619.00

734.62
724.83

2060.00

731.26

1841.10

2294.58

2082.96

870.00

948.00

907.66

Douglas County
Castle Rock
Douglas County - North
Jefferson County
Arvada
Golden
Lakewood - North
Lakewood - South
Wheat Ridge

II-27

Median Rents by Apartment Type by County
(in dollars)

Metro Average

Jefferson

Douglas

Denver

Boulder/ Broomfield

Arapahoe

Adams

County
2007
2008
2009
Apartment Type
1st
2nd
3rd
4th
1st
2nd
3rd
4th
1st
2nd
3rd
Efficency
588.78 665.67 659.18 687.09 663.36 729.95 728.63 512.76 521.40 514.20 493.62
1 Bed
703.81 701.13 687.88 708.60 695.61 741.40 752.27 735.45 714.80 712.92 698.05
2 Bed, 1 Bath
730.18 756.23 745.73 771.42 790.21 796.14 821.64 790.32 781.20 772.57 768.97
2 Bed, 2 Bath
960.29 1044.99 948.32 939.24 938.80 990.08 971.09 970.45 970.46 977.07 933.63
3 Bed
1123.86 1247.29 1159.33 1207.00 1195.71 1220.91 1299.10 1219.00 1263.30 1263.95 1144.13
Other
1084.29 961.60 982.40 985.00 979.20 966.40 933.00 1081.45 825.00 796.69 792.40
All
777.35 793.34 785.30 819.27 800.82 860.09 846.85 819.93 804.19 830.88 792.58
Efficency
572.71 563.38 581.18 484.08 522.83 549.66 539.97 506.74 520.67 471.39 508.58
1 Bed
677.63 703.54 705.76 695.46 692.64 702.28 712.16 696.99 698.93 671.26 695.23
2 Bed, 1 Bath
732.67 749.17 757.65 759.97 769.82 799.46 813.51 783.15 774.87 737.18 759.10
2 Bed, 2 Bath
877.04 938.19 918.27 920.55 922.50 926.97 943.52 960.37 939.21 932.95 964.12
3 Bed
1050.00 1182.21 1131.18 1134.12 1165.40 1194.58 1194.51 1187.51 1202.94 1211.50 1179.00
Other
1082.00 1096.10 952.78 994.00 943.33 992.22 987.78 1012.33 890.44 844.00 892.22
All
743.36 773.73 781.29 793.85 793.42 803.78 813.80 817.00 811.29 766.91 797.97
Efficency
793.80 687.14 623.39 687.68 591.11 782.25 761.20 748.00 703.73 711.21 731.84
1 Bed
789.33 812.86 801.96 821.48 831.50 848.72 929.41 819.20 814.27 837.06 838.45
2 Bed, 1 Bath
785.23 816.75 828.98 799.47 834.40 847.82 864.36 878.08 878.45 860.57 868.03
2 Bed, 2 Bath 1191.40 1102.55 1094.49 1044.47 1157.47 1130.67 1158.99 1176.93 1027.71 1040.15 1063.13
3 Bed
1164.25 1167.00 1124.79 1190.86 1190.50 1252.50 1292.55 1276.23 1221.75 1283.62 1268.54
Other
1001.69 1001.69 799.65 796.65 796.65 1004.55 1056.08 1038.82 1038.82 1038.82 1038.82
All
903.27 892.11 883.58 897.03 900.88 939.52 962.40 933.41 908.63 912.98 900.89
Efficency
600.00 545.37 547.26 562.62 585.05 586.95 579.56 567.78 560.87 569.66 583.13
1 Bed
692.91 721.58 713.33 687.00 709.48 712.36 716.15 729.99 717.59 710.60 729.80
2 Bed, 1 Bath
793.58 834.57 808.30 770.75 761.44 801.30 794.22 808.07 813.26 772.78 784.20
2 Bed, 2 Bath 1004.05 999.88 1027.05 1057.62 1017.87 996.59 996.61 1003.89 1015.48 1012.45 965.53
3 Bed
1373.00 1377.23 1381.72 1387.00 1416.45 1394.00 1389.81 1384.29 1249.63 1295.50 1225.00
Other
1111.77 1074.60 1106.67 1118.67 1082.00 1004.00 1000.00 998.29 1063.00 1382.00 917.50
All
772.75 780.31 798.44 787.32 792.76 800.19 808.46 809.75 794.74 785.91 785.26
Efficency
738.00 738.00 613.00 713.00 738.00 663.00 663.00 688.00 738.00 738.00 738.00
1 Bed
842.33 830.32 856.56 886.05 865.20 858.90 848.82 830.38 831.26 828.04 862.26
2 Bed, 1 Bath 1016.00 923.97 960.00 916.68 901.53 969.33 991.46 916.67 920.75 872.31 1027.94
2 Bed, 2 Bath 1129.93 1129.08 1114.46 1152.86 1116.84 1168.58 1141.68 1088.58 1096.33 1045.20 1126.49
3 Bed
1283.45 1283.43 1360.10 1345.38 1357.65 1351.22 1430.44 1377.22 1287.69 1294.31 1431.09
Other
1238.00 1238.00 1238.00 1244.26 1388.00 1542.00
All
949.20 1007.50 950.61 1010.31 941.51 1009.32 1018.39 956.59 981.90 963.78 1015.36
Efficency
487.79 490.23 659.00 656.60 660.00 524.93 524.16 523.09 521.12 520.75 516.23
1 Bed
705.16 724.01 734.14 702.80 717.96 722.68 729.85 718.27 684.40 694.00 691.44
2 Bed, 1 Bath
696.79 709.98 736.78 742.88 757.63 756.43 768.54 745.31 749.32 757.26 756.89
2 Bed, 2 Bath
891.33 887.10 916.88 893.44 937.69 939.20 958.37 905.91 911.90 881.18 914.68
3 Bed
1078.17 1106.91 1022.00 1057.24 1081.94 1080.96 1111.56 1032.26 1033.11 1086.62 1083.50
Other
905.33 870.20 914.86 923.45 901.41 912.25 911.88 951.90 957.18 941.87 938.69
All
787.85 760.35 799.72 785.33 798.25 783.40 808.45 769.71 776.89 773.87 767.07
Efficency
586.53 566.95 589.55 602.37 584.82 592.10 582.07 566.98 570.29 581.92 588.23
1 Bed
710.35 729.68 729.66 719.42 722.14 735.56 745.89 738.93 724.82 710.88 726.67
2 Bed, 1 Bath
757.41 771.34 781.57 784.33 789.41 809.05 826.45 801.88 804.14 769.97 782.65
2 Bed, 2 Bath
963.58 986.29 965.70 966.17 962.72 980.89 988.95 988.68 966.46 964.30 982.39
3 Bed
1126.32 1196.56 1153.74 1170.80 1199.32 1210.45 1268.08 1214.02 1209.31 1216.93 1198.11
Other
1010.05 967.78 960.13 982.78 956.20 980.00 979.97 992.55 942.14 932.00 912.25
All
795.55 802.30 813.88 817.84 820.85 833.75 841.81 829.24 821.14 808.42 817.09
Rents are based on units being unfurnished with tenants paying gas and electricity.
Average rent minus rental losses equals effective rent.
Average rents do not reflect "rental losses" from discounts/concessions, models, delinquents, and bad debts.

4th
629.64
708.81
764.09
935.27
1091.43
834.73
791.26
491.69
682.06
755.78
912.03
1196.42
924.33
775.82
694.11
848.61
859.19
1081.09
1291.75
1056.08
898.70
598.60
714.86
745.70
985.72
1218.19
1058.13
779.53
563.00
822.73
924.92
1101.38
1366.47
1011.78
522.91
702.01
749.52
919.93
1083.97
938.41
780.74
596.64
711.90
769.37
963.07
1193.86
947.68
811.32

1st
493.45
721.02
839.67
985.21
1134.00
835.53
841.34
478.53
696.61
776.51
910.27
1182.00
1126.40
804.38
730.69
876.13
852.88
1084.97
1294.50
1088.82
901.77
591.04
728.44
838.18
1010.27
1203.15
1061.29
801.41
838.00
864.82
1039.00
1122.12
1415.61
1038.00
1036.39
517.02
698.46
776.46
926.46
1079.86
940.47
787.94
571.13
728.63
809.55
964.45
1162.92
992.85
836.61

2010
2nd
3rd
595.20 686.00
745.48 783.20
811.42 880.89
971.53 989.41
1164.66 1207.00
830.00 863.86
848.31 880.96
505.62 563.55
704.76 714.65
796.06 804.76
939.95 968.34
1263.00 1289.50
1063.00 1064.17
806.11 831.40
732.50 730.75
881.92 847.46
848.26 882.52
1185.00 1128.96
1319.40 1304.91
1095.91 1120.91
976.65 952.14
604.62 589.58
712.75 731.88
844.91 828.27
990.80 966.00
1203.47 1213.79
1068.02 638.75
814.14 809.30
588.00 750.00
862.86 941.95
1020.53 1090.13
1194.51 1207.70
1607.57 1606.43
1038.00 1038.00
1024.27 1111.17
516.98 529.60
711.34 752.37
786.35 771.55
921.66 956.22
1093.17 1130.85
940.71 979.35
795.47 828.57
579.18 613.21
735.15 749.67
826.90 838.76
973.29 992.71
1235.78 1252.71
1045.31 986.29
842.70 856.64

II-28

4th
676.73
792.03
832.92
1056.45
1312.31
856.05
873.69
519.33
722.67
794.31
997.97
1245.69
1065.33
840.24
760.00
916.29
923.49
1274.69
1324.48
1379.55
993.85
631.86
768.28
818.78
1017.09
1274.74
548.60
834.48
738.00
887.06
1021.08
1184.93
1330.50

1st
702.27
779.40
793.02
1054.66
1301.78
863.63
881.63
554.33
740.45
803.43
1004.74
1276.50
1069.48
849.43
784.38
954.05
978.23
1267.79
1458.50
1494.80
1014.74
662.74
780.53
878.81
1104.38
1307.16
571.27
867.56
738.00
923.88
1153.27
1258.34
1556.00

2012
2nd
3rd
677.27 624.16
793.20 767.72
797.12 808.12
1023.82 1066.03
1302.55 1311.26
797.60 874.60
872.27 870.20
591.89 548.46
777.85 785.29
822.21 823.32
1122.12 1127.86
1348.30 1410.00
1184.89 1211.22
902.88 899.56
809.63 782.72
958.53 948.68
964.20 1038.39
1337.68 1259.27
1417.50 1405.00
921.65 921.65
1038.85 1095.91
693.65 720.82
797.76 824.09
876.38 862.23
1179.63 1093.91
1309.29 1319.95
642.80 693.27
888.95 887.05
788.00 788.00
944.90 912.17
1038.12 1085.51
1220.53 1265.45
1528.73 1530.67

4th
701.75
780.22
795.92
1038.05
1348.67
745.20
854.94
679.69
766.38
808.42
1081.10
1408.33
1182.22
885.48
818.56
959.71
1073.99
1257.63
1344.00
921.54
1080.40
686.98
771.98
809.29
1131.19
1424.24
2008.34
859.14
750.00
1006.37
1161.45
1323.42
1566.27

1043.79 1061.57 1015.33 1071.85 1046.92
541.00 568.29 581.65 634.25 632.53
737.28 724.24 747.63 761.23 767.34
809.40 807.31 772.33 811.44 797.76
924.78 939.75 968.47 1006.82 951.88
1145.26 1131.56 1155.84 1159.13 1166.11
979.35 984.61 939.06 943.29 949.08
823.47 828.82 813.50 837.55 836.43
617.73 614.10 602.36 644.04 635.77
747.91 760.10 759.83 778.94 780.20
830.29 834.19 810.13 858.70 835.18
986.01 997.82 1018.22 1032.43 1031.29
1244.29 1257.54 1277.71 1332.51 1271.46
998.70 989.53 976.16 1023.93 979.81
846.36 858.97 863.37 881.67 870.71

1049.33
655.12
774.56
816.16
991.00
1165.13
835.00
847.52
657.78
789.42
841.84
1057.14
1315.06
980.29
891.85

1053.92
657.82
798.99
822.89
1008.94
1187.11
877.30
877.08
680.71
814.21
854.70
1102.00
1340.94
907.35
916.08

1141.19
588.72
830.30
832.59
1092.83
1165.68
1003.84
902.83
699.90
820.61
834.47
1130.18
1406.18
1122.00
911.12

4th
653.36
765.16
797.46
990.97
1169.86
1201.80
857.15
499.53
716.19
801.30
959.54
1292.50
1062.83
829.84
737.93
840.79
933.47
1159.90
1273.25
1255.40
957.92
592.16
736.69
802.27
977.63
1214.33
523.67
806.79
713.00
898.70
1038.62
1160.00
1514.00

1st
497.49
783.66
844.36
994.69
1271.24
772.84
871.26
531.60
728.56
792.67
984.18
1235.87
1062.17
825.08
736.33
869.68
954.84
1159.27
1319.44
1344.80
961.79
612.51
738.83
794.33
978.63
1213.67
524.67
818.53
713.00
910.71
1041.00
1194.26
1395.54

2011
2nd
3rd
514.25 594.00
786.37 803.36
788.36 865.35
1051.94 1070.68
1255.18 1318.75
851.95 856.54
863.85 886.50
516.17 514.86
717.26 740.27
789.15 795.98
985.32 992.22
1319.84 1341.35
1037.83 1037.83
838.79 844.77
756.13 805.71
887.72 919.34
954.21 920.81
1138.14 1155.16
1336.88 1370.50
1388.82 1288.82
969.13 991.60
630.74 664.63
737.69 746.61
765.12 809.20
984.13 998.38
1196.67 1246.15
523.33 1381.00
800.94 853.34
738.00 788.00
903.17 905.08
1041.10 1130.33
1208.90 1205.62
1537.89 1540.09

1091.66
656.25
858.65
815.48
1107.92
1278.56
999.25
913.87
706.89
842.59
862.09
1139.03
1359.79
953.47
919.97

1st
732.81
793.75
809.32
1103.39
1396.50
888.15
868.39
580.76
781.08
849.53
1062.30
1372.33
1190.44
891.96
858.80
1005.91
1084.78
1404.73
1375.00
922.58
1088.75
747.69
829.48
848.19
1129.26
1313.90
671.40
890.44
888.00
1008.43
1129.75
1260.79
1565.18
1913.00
1137.94
662.36
855.70
821.21
1091.13
1145.74
907.00
927.45
701.34
844.78
863.38
1130.91
1367.40
947.60
934.82

2013
2nd
3rd
671.40 635.00
812.60 821.52
826.07 845.39
1140.50 1178.69
1388.50 1417.33
942.41 1013.43
897.33 930.56
681.42 640.71
816.84 846.26
868.36 889.87
1113.35 1162.13
1334.40 1418.96
1205.40 1337.78
939.48 946.55
892.22 744.05
1053.17 1075.00
1066.17 1094.46
1471.72 1480.95
1582.75 1589.50
947.69 947.69
1140.87 1171.68
789.88 798.15
839.92 857.19
858.42 894.97
1191.32 1243.51
1384.05 1373.07
671.07 708.60
906.70 933.29
888.00 888.00
1019.86 1073.73
1173.57 1196.54
1388.96 1349.51
1727.50 1577.50
1913.00 1913.00
1184.58 1188.00
697.47 711.01
869.33 916.80
839.43 874.10
1203.04 1228.88
1237.68 1343.44
1024.20 1020.71
960.76 996.00
737.33 720.84
865.87 892.10
880.43 898.29
1192.96 1232.96
1394.86 1458.05
1012.20 1019.68
960.57 987.63

4th
803.25
823.78
884.57
1155.36
1242.50
1016.13
929.75
614.68
823.80
884.26
1142.51
1437.68
1280.89
942.98
781.00
1087.00
1126.18
1447.21
1556.80
1172.46
1169.91
778.31
879.12
937.62
1211.71
1418.45
697.67
961.70
938.00
1035.77
1180.75
1289.89
1494.00
1913.00
1199.02
703.77
858.91
888.68
1107.73
1283.71
865.00
956.59
732.32
889.34
932.48
1199.90
1422.06
1031.85
990.31

Apartment Unit Absorption by Quarter and Year

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

Units to Start Quarter/Year
Units Added this Quarter
Total Units Available
Quarterly Vacancy Rate
Units Rented
Units Vacant
Number Absorbed this Quarter/Year
Units to Start Quarter/Year
Units Added this Quarter
Total Units Available
Quarterly Vacancy Rate
Units Rented
Units Vacant
Number Absorbed this Quarter/Year
Units to Start Quarter/Year
Units Added this Quarter
Total Units Available
Quarterly Vacancy Rate
Units Rented
Units Vacant
Number Absorbed this Quarter/Year
Units to Start Quarter/Year
Units Added this Quarter
Total Units Available
Quarterly Vacancy Rate
Units Rented
Units Vacant
Number Absorbed this Quarter/Year
Units to Start Quarter/Year
Units Added this Quarter
Total Units Available
Quarterly Vacancy Rate
Units Rented
Units Vacant
Number Absorbed this Quarter/Year
Units to Start Quarter/Year
Units Added this Quarter
Total Units Available
Quarterly Vacancy Rate
Units Rented
Units Vacant
Number Absorbed this Quarter/Year
Units to Start Quarter/Year
Units Added this Quarter
Total Units Available
Quarterly Vacancy Rate
Units Rented
Units Vacant
Number Absorbed this Quarter/Year
Units to Start Quarter/Year
Units Added this Quarter
Total Units Available
Quarterly Vacancy Rate
Units Rented
Units Vacant
Number Absorbed this Quarter/Year
Units to Start Quarter/Year
Units Added this Quarter
Total Units Available
Quarterly Vacancy Rate
Units Rented
Units Vacant
Number Absorbed this Quarter/Year
Units to Start Quarter/Year
Units Added this Quarter
Total Units Available
Quarterly Vacancy Rate
Units Rented
Units Vacant
Number Absorbed this Quarter/Year

First
274148
331
274479
0.105
246122
28889
1278
276696
789
277485
0.093
252228
25789
2706
279213
154
279367
0.074
258694
20673
1049
279951
120
280071
0.071
260186
19885
-168
282213
217
282430
0.059
265767
16663
769
285100
1401
286501
0.084
262435
24066
-142
288891
173
289064
0.065
270275
18789
3629
289389
62
289451
5.5%
273531
15920
58
290827
276
291103
4.9%
276816
14287
1807
292558
1091
293649
4.6%
280281
13610
2330

Second
274479
729
275208
0.097
248897
26843
2776
277485
1075
278560
0.080
256765
22327
4537
279367
130
279497
0.069
260212
19285
1518
280071
642
280713
0.062
263309
17404
3123
282430
276
282706
0.062
265178
17528
-589
286501
693
287194
0.090
261347
25847
-1088
289064
96
289160
0.061
271521
17639
1246
289451
519
289970
4.8%
276051
13919
2520
291103
563
291666
4.8%
277700
13966
885
293649
229
293878
4.2%
281799
12321
1519

Third
275208
1041
276249
0.085
253381
23400
4483
278560
369
278929
0.077
257943
21518
1178
279497
75
279572
0.067
260841
18731
629
280713
586
281299
0.053
266390
14909
3081
282706
1605
284311
0.065
265831
18480
653
287194
1528
288722
0.074
267357
21365
6010
289160
0
289160
0.053
273835
15325
2314
289970
565
290535
4.8%
276478
14057
427
291666
563
292229
4.3%
279792
12437
2092
293878
229
294107
4.4%
281799
12321
1519

Fourth
276249
447
276696
0.100
249522
27706
-3876
278929
284
279213
0.079
257645
22100
-298
279572
379
279951
0.070
260354
19597
-487
281299
914
282213
0.061
264998
17215
-1392
284311
789
285100
0.079
262577
22523
-3254
288722
169
288891
0.077
266646
22245
-711
289160
229
289389
0.055
273473
15916
-362
290535
292
290827
5.4%
275009
15818
-1469
292229
329
292558
4.9%
278147
14411
-1645
294107
832
294939
5.2%
281059
15484
-1793

Due to rounding of the vacancy rate, numbers may not always add exactly.
Quarterly absorption totals will not equal year-end total because absorption is the change from time period to time period.
Comparisons should be made using comparable time periods, quarter to quarter or year-end to year-end.

II-31

Year-End
274148
2548
276696
0.100
249522
27706
4679
276696
2517
279213
0.079
257645
22100
8123
279213
738
279951
0.070
260354
19597
2709
279951
2262
282213
0.061
264998
17215
4644
282213
2887
285100
0.079
262577
22523
-2421
285100
3791
288891
0.077
266646
22245
4069
288891
498
289389
0.055
273473
15916
6827
289389
1438
290329
5.4%
275009
15791
1536
290827
1731
292558
4.9%
278147
14411
3138
292558
2381
294939
5.2%
279715
15224
1569