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DENVER METRO

APARTMENT VACANCY & RENT

SECOND QUARTER 2016 REPORT

SPONSORED BY:



  

AUTHORS: Ron L. Throupe, Ph.D, Daniels College of Business, University of Denver



Jennifer L. Von Stroh, Colorado Economic and Management Associates

Denver Metro Area


Apartment Vacancy
and Rent Survey
Second Quarter 2016
Sponsored by

Apartment Association of Metro Denver


Apartment Realty Advisors
Colorado Division of Housing
Multifamily Capital Advisors
Pierce-Eislen
Xfinity Communities
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 2016

Survey Sponsors

Apartment Association of Metro Denver


7100 E. Belleview Avenue, Suite 305
Greenwood Village, CO 80111
D.J. Longo, 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 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

Survey Authors and Researchers


Ron L. Throupe, Ph.D.

Multifamily Capital Advisors

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

6950 E. Belleview Avenue, Suite 320


Greenwood Village, CO 80111
Jerry Kendall, Managing Director
Phone: (720) 280-7431
Email:jerrykendall@multifamilycap.com

Xfinity Communities
8000 E. Iliff Ave.
Denver, CO 80231
Jason Dembouski, Market Development Manager
Phone: (303) 710-4754
Email:Jason_dembouski@cable.comcast.net

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 2016

National Exposure.

Local Expertise.
ARA NEWMARK RECENT TRANSACTIONS

OUTLOOK LITTLETON
Littleton, CO
Price:
Number of Units:

$72,250,000
250

WATERMARK AT SOUTHLANDS
Aurora, CO
Price:
Number of Units:

$78,000,000
300

THE RETREAT AT CHEYENNE MOUNTAIN PROMENADE AT CASTLE ROCK (LAND)


Castle Rock, CO
Colorado Springs, CO
Price:
Number of Units:

Confidential
276

Price:
Acres:

$7,488,000
15.22

FOR MORE INFORMATION ON THESE TRANSACTIONS, INVESTMENT OPPORTUNITIES, MARKET RESEARCH,


OR FOR A FREE PROPERTY VALUATION, PLEASE CONTACT:
COLORADO
SPRINGS TEAM

INSTITUTIONAL TEAM

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CHAIRMAN

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MANAGER

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MANAGER

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EXECUTIVE
MANAGING
DIRECTOR

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SENIOR
MANAGING
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TRANSACTION
MANAGER

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ASSOCIATE

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DIRECTOR

Robert Bratley
DIRECTOR

The #1 multifamily brokerage firm in Colorado


North America

South America

Europe

Asia-Pacific

Africa

Middle East

Office: 1800 Larimer Street, Suite 1700, Denver, CO 80202 | Phone: 303-260-4400

www.aranewmark.com

From homeless shelters to down payment assistance, we


can help your organization better serve your community.
The Division of Housing provides financial and
technical support to organizations throughout
the state that are committed to serving
Colorados most vulnerable citizens. We offer
funding opportunities for rehabilitation and
new construction of housing to public housing
authorities, local governments, and private
developers. We support, license, and regulate
the factory-built construction industry,
including the provision of building department
services where none exist, and the adoption
and enforcement of building codes for factorybuilt structures. In concert with local housing
authorities and non-profit service organizations, we provide rental subsidies and downpayment assistance to bridge the gap between
household income and the cost of living. We
create a safety net for those most at-risk, with
foreclosure prevention initiatives and funding
for senior and special needs housing. Our
mission is to ensure that all Coloradans have
access to safe, affordable housing.

The Division of Housing assists


Colorados large and small communities
to meet their local housing goals.

1313 Sherman St., Room 500, Denver, CO 80203 P 303.864.7813 F 303.864.7856 TDD/TTY 303.864.7758 www.dola.colorado.gov
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Section I - Overview
Table of Contents

Executive Summary

I-1

Map of Vacancy Rates


Map of Average Rents

I-3
I-4

Vacancy Rates by County and Market Area


Current Survey Responses

I-5
I-6

Report Description and Methodology

I-7

Metro Denver Vacancy & Rent Report


EXECUTIVE SUMMARY 2ND

Vacancy Rate

QUARTER 2016

10%

5.4%
Last Quarter: 6.1%

$1,400
$1,342

9%

$1,283

8%

$1,225

7%

Average Rent

$1,371
Last Quarter: $1,315

5%

$1,050
$992
$933

3%

$875

2%

$1.60

$1,108

4%

Average per sq. ft.


Last Quarter: $1.55

$1,167

6%

$817

1%

$758

0%

Discount / Concessions

11Q2

11Q4

12Q2

12Q4

Line: Percent Vacant

8.2%
Last Quarter: 6.7%

13Q2

13Q4

14Q2

14Q4

Bar: Average Rent (in dollars)

16Q2

$700

PREV. YEAR

Vacancy Rate

Average Rent

Rate (/sq. ft.)

Adams

6.4%

$1,317

$1.55

14.3%
Last Quarter: 13.0%

Arapahoe

4.8%

$1,299

$1.52

Boulder/Broomfield

5.9%

$1,526

$1.67

Net Absorption (Units)

Denver

5.4%

$1,391

$1.71

Douglas

7.7%

$1,543

$1.60

Jefferson

4.1%

$1,329

$1.54

4,189

Last Quarter: 4,663

Yearly Economic Vacancy

(Average of all four quarters)

Hottest Sub-Markets
Wheat Ridge

23.4%

25.1%

24.3%

23.3%
18.5%

17.5%

17.7%

17.0% 16.6%

15.2%

13.7%

12.7% 13.1%

14.1% 13.7%

3.7%

Aurora - North

Several Submarkets

2.0%
3.7%

2003

Q1

2004

2005

Q2

2006

Q3

2007

2008

Q4

2009

2010

Average

2011

2012

2013

2014

2015

2016

Arvada

1.0%

Aurora - Central NE

Year

15Q4

County Overview

Economic Vacancy

2002

15Q2

3.8%

OVERALL COMMENTS:
5.4%
6.1 %
4.5 %
4.7%

Five counties were down in their vacancy rate, while one was up.
Twelve market areas showed an increase in their vacancy rate, while twenty five
showed a decrease.
Buildings with 200-349 units had the highest vacancy rate at 5.8 %. Buildings
with up to 8 units had the lowest vacancy rate of 3.1%. Historically, larger
buildings have the highest vacancy rates.
Buildings constructed since 2010 had the highest vacancies at 13.1%. Those
constructed between 1970-1979 had the lowest vacancy rate at 4.2 %.
Efficiencies were 5.2 % vacant; one-bedrooms 5.4 % vacant; two-bedroom one bath
4.7 %; two-bedroom, two bath 5.9 % vacant; and three bedroom 5.0 % vacant.

RENTAL RATES:
AVERAGE RENT:
Last quarter:
This quarter 2015:
This quarter 2014:

$ 1,370.96
$ 1,315.39
$ 1,265.28
$ 1,117.12

MEDIAN RENT:
Last quarter:
This quarter 2015:
This quarter 2014:

$ 1,324.08
$ 1,274.34
$ 1,224.93
$ 1,067.87

RENT / SQUARE FOOT:


Last quarter:
This quarter 2015:
This quarter 2014:

$ 1.60
$ 1.55
$ 1.50
$ 1.32

AVERAGE RENT FOR UNITS CONSTRUCTED:


2010-now
$1,756.88
2000-2009
$1,517.33
1990-1999
$1,525.25
1980-1989
$1,275.62
1970-1979
$1,062.42
1960-1969
$ 1,163.46
1959 and prior
$ 1,120.85
Rents do not include the cost of rental discounts and concessions. For the
second quarter of 2016, rental discounts and concessions averaged 8.2 percent,
up from 6.7 percent for the prior quarter.

14.3 %
13.0 %
14.5 %
14.0%

Economic vacancy is defined as physical vacancy plus concessions and discounts as a


percent of gross potential rent.

INVENTORY:
NEW UNITS: 2,442

The Denver Area Apartment Vacancy and Rent Survey reports median and average rates, and,
as a result, there are often differences in rental rates and vacancy rates by apartment type, size,
location, and age of building/complex. These variances are more pronounced as the vacancy
rate has fluctuated during the last several years. All information is based on data received for
the month of March, except for resident turnover and rental losses, which is for February.
This survey is conducted via mail and online submissions. It includes only those units with
a certificate of occupancy. The first quarter 2016 Survey includes information on 121,417
apartment units. The Survey is possible because of the excellent participation and help of
professionals in the apartment industry and the consistent support of the Survey sponsors.
Comments on the Survey are welcome at VonStrohHousingSurvey@gmail.com.

SPECIAL TOPIC : Market Dynamics


This quarter we look at the dynamics behind market cycles for apartments in the Denver metro area.
We are frequently asked questions such as when will rents collapse or pullback? Perhaps a better
question is: which of these types of rent change is plausible? We can use a combined chart of the
historic average rent table combined with the average vacancy table to address this question.
16

Quarterly Vacancy and Average Rent

1600

14

1400

12

1200

10

1000

800

600

400

200

81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15
Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3

Qtrly Vacancy
Qtrly Avg Rent

Year and Quarter

ECONOMIC VACANCY:
THIS QUARTER:
Last Quarter:
This quarter 2015:
This quarter 2014:

Given further increases in the number of new additions to the inventory this quarter and over
the last two plus years, the recent trend in the Denver metro unemployment rate, normal
seasonal vacancy changes, continued immigration, and an increase in metro area natural
population, a seasonal rent increase and declining vacancy in comparison to the 1st quarter
are both expected, with some variation across certain submarkets. Historically the vacancy
rate is higher in the fourth and first quarters than the second and third quarters, which we see
again this year. The number of new units added to the inventory during 2015 as expected
increased, as seasonal construction was completed and permitted construction obtained certificates of occupancy. 2,442 new units were reported for this quarter. Thus as expected there
were jumps in sub markets vacancy while new units are absorbed. The overall average rent for
the last ten years has increased from around $800.00 in 2002 to over $1,370.96 this quarter.
The overall vacancy rate was at 5.4%. Absorption was positive for the quarter with 4,189 units
being absorbed. The absorption and new supply numbers will continue to be watched closely
with significant new additions expected to the apartment stock over the next several quarters.

Rent ($)

THIS QUARTER:
Last quarter:
This quarter 2015:
This quarter 2014:

Vacancy (%)

VACANCY RATE:

TOTAL UNITS: 317,931

For the current quarter, there was a net absorption of 4,189 units for the metropolitan
Denver area. For all of 2015, 864 units were absorbed. For all of 2014, 8,631 units were
absorbed. For all of 2013, 4,613 units were absorbed. For all of 2012, 3,368 units were absorbed. Absorption is the net change in the number of apartment units rented in the current
time period (quarter/year) compared to the previous time period (quarter/year).

Notice that rent changes tend to be in steps. The first is 1981 to 1989, followed by 1989 to 2001,
then 2001 to 2012, and last 2012 to present. The first step shows over a 4 year period a slow rent
growth and then a small rent decline after peaking in 1985 (circled in green). The second step from
1989 to 2001 saw a steady rent growth rate over the time period. For 2001 there is a rent peak with
a slight rent pullback in the following year (circled in green). From then on there is a slow growing
rent trend until 2012 when rents start to take off on a new trajectory. Notice there is no steep rent
decline and only a minor rent decrease when rents pulled back, to rebalance supply and demand.
You may hear people in financial markets call this phenomena consolidation or a stock has gotten
ahead of itself. For real estate, supply got ahead of demand. Also notice from 2012 to present the
slope of the curve is steeper than the past trends. Of course looking backward one could have said
that about the 1990 to 2000 rent growth period. Notice that the first pullback in rent was slow and
for multiple years after many years of relatively high vacancy. However, the second rent pullback in
2002-2003 was after a sharp change in vacancy, and then when units were absorbed a multi-year
period of rent growth began. Also of note for both market cycles is that rent growth did not peak
until vacancy became relatively high.
The Denver apartment market rent and vacancy dynamic will certainly change again in the forthcoming years. The question is whether it will be a slow consolidation or will vacancy sharply increase
with a lack of new demand. History tells us rent increases will likely continue until vacancy does get
relatively high and the market resets rents with a rent pullback, not a collapse.

METRO DENVER
SUBMARKETS

LONGMONT
4.1%
$1,328.94

(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)


5.5%
6.1%
$1,556.17
$1,662.15

BROOMFIELD
UNIVERSITY
6.3%
$2,126.31
BROOMFIELD
6.9%
$1,504.04

ADAMS
NORTHGLENN / THORNTON
4.8%
$1,275.65

JEFFERSON

WESTMINSTER
9.1%
$1,356.97

COMMERCE CITY
6.9%
$1,238.16

ARVADA
3.7%
$1,359.37

GOLDEN
4.4%
$1,592.97

DENVER
DENVER NW
CITY PARK DENVER NE
7.7%
7.4%
3.8%
WHEAT RIDGE $1,801.29
$1,675.14
$1,209.75
DOWNTOWN
1.0%
7.6%
$927.20
$1,802.07
LOWRY
DENVER WC CAP HILL
3.9%
4.5%
3.8%
$1,316.32 $1,482.08
$1,165.42
LAKEWOOD N
3.8%
$1,228.74

LAKEWOOD S
3.8%
$1,389.77

DENVER SW
4.1%
$1,287.60

GLENDALE
WASH PARK
5.0% DENVER SE 8.5%
$1,515.07
5.1%
$1,441.04
$1,244.50
DENVER
FAR SE
4.9%
$1,232.82

ENGLEWOOD
SHERIDAN
5.4%
$1,326.79
LITTLETON
5.3%
$1,380.84

ARAPAHOE
COUNTY S
6.7%
$1,469.54

DOUGLAS
CASTLE ROCK
4.9%
$1,167.25

AURORA NORTH
2.0%
$1,559.15

AURORA CNW
6.5%
$1,146.33
AURORA CSW
4.2%
$1,207.57

AURORA CNE
3.7%
$1,150.49

AURORA CSE
5.3%
$1,193.62

AURORA SOUTH
3.8%
$1,294.90

ARAPAHOE
ARAPAHOE
COUTY SE
4.0%
$1,544.74

DOUGLAS
COUNTY N
7.9%
$1,560.89

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/Capitol Hill
Denver-Downtown
Denver-East Central/Lowry
Denver-Far SE
Denver-North Central/City Park
Denver-Northeast
Denver-Northwest
Denver-South Central/Wash Park
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

2005

2006

3rd

4th

1st

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

2012

2013

2015

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

1st

2nd

3rd

4th

1st

2nd

3rd

4th

3rd

4th

1st

2nd

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
3.6
4.9
4.2
3.8
3.8
2.3
5.2
6.1
5.3
4.6
4.9
3.8
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
4.2
3.7
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

4.7
3.7
21.0*
4.0
4.2
4.5
3.1
5.3
3.2
4.5
3.5
3.7
5.5
3.9
6.7
3.5
6.7
3.7
4.3
22.0*
1.8
1.3
6.8
6.4
11.8*
5.5
5.2
5.7
2.9
19.9*
8.8
3.5
9.9
3.1
3.7
1.7
4.0
3.4
4.2
3.3
3.2
3.3
3.2
5.1

4.5
0.9
9.2
4.4
4.5
4.6
2.7
5.8
4.4
4.1
3.4
4.2
6.0
4.3
5.7
3.3
4.4
6.3
4.5
4.2
2.3
3.0
5.6
6.5
7.7
4.3
3.6
4.1
4.8
12.0
18.4
3.4
1.9
2.7
3.8
2.3
4.0
3.7
3.2
3.7
3.4
3.9
3.5
4.7

3.9
2.3
3.5
4.2
3.6
4.6
3.1
9.4
3.7
4.0
3.3
4.0
4.6
3.6
4.9
6.1
3.3
4.2
3.6
3.1
2.3
2.5
3.5
2.3
4.3
3.8
3.2
2.2
3.5
2.6
7.1
3.6
1.8
3.2
3.7
3.1
3.8
3.2
4.5
2.1
2.9
2.9
2.7
3.9

3.7
4.0
3.9
4.4
3.0
1.0
0.0 10.4
4.0
3.1
3.2
3.4
4.2
5.3
3.7
4.5
3.3
2.8
3.9
4.1
4.9
4.9
5.0
5.5
4.7
4.5
3.1
4.8
5.5
4.8
5.2
5.5
2.4
3.6
2.2
5.2
8.5
6.2
5.8
4.7
3.8
3.1
5.5
5.0
4.0
4.6
3.3
4.7
4.5
3.7
4.8
3.7
3.5
3.4
4.7
4.5
6.6
5.8
6.5 25.6*
3.8 13.0*
9.4*
7.4
7.2
6.0
4.8
3.6
4.9
2.9
5.3
3.0
10.7 9.2*
5.4
4.1
5.4
3.8
4.7
4.3
3.5
5.1
5.6
3.0
2.7
1.8
3.0
3.4
4.6
6.3
4.9
5.3
6.9
5.4
3.5
4.0
4.5 11.1* 9.1*
9.7
6.8
4.1
3.7
1.6
4.2
7.0
3.5
3.7
2.4
4.5
3.0
3.6
3.3
3.0
2.3
2.7
3.1 11.4* 28.5* 43.3*
5.7
6.1
4.7
2.0
3.8
4.4
3.9
3.5
2.8
3.6
2.6
3.5
1.8
3.5
3.2
3.8
4.0
4.5
3.4
4.4
3.3
3.3
1.9
1.2
4.2
4.7
3.5
4.7
3.8
3.2
3.4
5.1
2.9
2.3
2.7
3.9
3.4
3.8
6.5 18.5*
3.9
2.2
2.6
2.9
4.5
3.8
3.8
5.8
1.5
1.6
1.6
1.0
4.7
4.9
4.5
5.0

5.6

4.7
0.9
4.0
5.1
4.0
5.7
7.8
5.4
6.0
5.9
5.9
4.8
3.4
5.8
12.9*
6.0
6.6
10.3*
7.0
6.7
1.7
3.8
6.2
5.1
7.5
3.2
7.1*
5.9
4.2
14.4*
2.5
5.7
4.8
5.0
11.2
2.9
12.0*
4.7
4.8
6.3*
5.4*
4.4
2.3
6.1

6.4
2.0
6.9
4.8
9.1*
4.8
6.7
4.0
3.7
6.5
5.3
4.2
3.8
5.4
8.5*
5.3
5.9
5.5
6.9
6.1
6.3
4.1
5.4
4.5
7.6
3.9
4.9
7.4
3.8
7.7
5.0
5.1
4.1
3.8
7.7
4.9
7.9*
4.1
3.7
4.4
3.8
3.8
1.0
5.4

I-5

1st

2nd

2016

3rd

* vacancy rate affected by new units leasing up

4th

2014

2nd

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

6.2
6.1
5.0
6.2
6.0
6.6
5.8
8.1
5.7
4.9
4.9
3.3
18.6*
8.3
7.6
14.0*
6.2
5.6
2.7
6.0
7.6
5.3
11.2*
6.9
6.8
5.3
4.1
17.4*
5.8
7.3
4.2
3.5
9.3
6.8
9.6*
5.3
4.4
8.5*
6.2*
4.6
2.6
6.8

3rd

4th

Current Survey Responses


Number Vacant
Totals for Denver Area

Units Reporting

Vacancy Rate

6,565

121,417

5.4

Adams

1,021

16,008

6.4

Arapahoe

1,545

31,878

4.8

Boulder

612

10,313

5.9

Denver

2,020

37,632

5.4

Douglas

687

8,895

7.7

Jefferson

675

16,598

4.1

Aurora-North

10

492

2.0

Commerce City/Brighton

41

595

6.9

Northglenn/Thornton

475

9,917

4.8

Westminster

637

7,035

9.1*

Arapahoe County - South

123

1,833

6.7

Arapahoe County - Southeast

176

4,438

4.0

Aurora - Central Northeast

97

2,615

3.7

Aurora - Central Northwest

149

2,300

6.5

Aurora - Central Southeast

241

4,585

5.3

Aurora - Central Southwest

283

6,795

4.2

Aurora - South

119

3,122

3.8

Englewood, Sheridan

116

2,156

5.4

Glendale

156

1,830

8.5*

Littleton

69

1,311

5.3

Boulder County - Other

127

2,319

5.5

Broomfield

320

4,638

6.9

City of Boulder - Except University

49

804

6.1

City of Boulder - University Area

34

542

6.3

Longmont

82

2,010

4.1

Denver - Central/Capitol Hill

189

4,171

4.5

Denver - Downtown

550

7,200

7.6

73

1,861

3.9

539

10,928

4.9

26

351

7.4

Denver - Northeast

130

3,389

3.8

Denver - Northwest

76

987

7.7

Denver - South Central/Wash Park

52

1,030

5.0

Denver - Southeast

260

5,093

5.1

Denver - Southwest

108

2,644

4.1

33

871

3.8

By County

By Market Area
Adams County

Arapahoe County

Boulder/Broomfield Counties

Denver City/County

Denver - East Central/Lowry


Denver - Far Southeast
Denver - North Central/City Park

Denver - West Central


Douglas County
Castle Rock
Douglas County - North

20

406

4.9

667

8,489

7.9*

Jefferson County
Arvada

71

1,936

3.7

Golden

49

1,103

4.4

Lakewood - North

123

3,218

3.8

Lakewood - South

280

7,307

3.8

10

1,003

1.0

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:
Adams, Arapahoe, Boulder/Broomfield, Denver, Douglas, and
Jefferson. 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:
Aurora North
Commerce City
Northglenn/Thornton
Westminster
Arapahoe County South
Arapahoe County Southeast
Aurora Central Northeast
Aurora Central Northwest
Aurora Central Southeast
Aurora Central Southwest
Englewood/Sheridan
Glendale
Littleton
Boulder County Other
Broomfield
City of Boulder Except University
City of Boulder University Area
Longmont
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
Castle Rock
Douglas County North
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 , the properties are reported in the
county into which they fall. 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.

Section II - Metro Area


Table of Contents
Graphs
Vacancy Rate by Quarter
Average Rent by Quarter
Vacancy Rate by Market Area
Vacancy Rate by County by Quarter
Vacancy Rate by Size of Building
Vacancy Rate by Age of Building
Average Rents by Market Area
Average Rent by County by Apartment Type
Rent per Square Feet by Apartment Type
Rent per Square Feet by Apartment Unit Size
Rental Losses by Quarter
Estimate of Total Apartments by Year
New Apartment Units Added in Metro Area by Year
Apartment Units Built in Current Quarter
Units Absorbed per Year
Monthly Resident Turnover
Vacancy Rates by County by Apartment Type
Vacancy Rate by Apartment Type by Quarter
Median Rent by County by Quarter
Average Rent by Size of Building

II-1
II-1
II-2
II-2
II-3
II-3
II-4
II-4
II-5
II-5
II-6
II-6
II-7
II-7
II-8
II-8
II-9
II-9
II-10
II-10

Vacancy Rates by County


Vacancy Rates by Size of Building by County
Vacancy Rates by Size of Apartment Unit by County
Vacancy Rates by Age of Building by County
Vacancy Rates by Apartment Type by County

II-11
II-12
II-13
II-14
II-15

Average Rents by Apartment Type by County


Average Rents by Age of Building by County
Average Rents by Size of Building by County

II-16
II-17
II-18

Average Rent per Square Foot by Apartment Type by County


Average Rent per Square Foot by Apartment Unit Size by County

II-19
II-20

Rental Losses by Size, Age and County


Economic Vacancy Rates by Size, Age and County

II-21
II-22

Average Rents for the Metropolitan Area


Average Rents for Buildings with Up to Six Units
Average Rents for Buildings with Seven to Thirty-Six Units
Average Rents for Buildings with Thirty-Seven and Above Units
Average Rents for Buildings with Five Stories and Above

II-23
II-24
II-25
II-26
II-27

Median Rents by Apartment Type by County

II-28

Average Rent for Apartment Building/Community Features and Amenities

II-29

Estimate of New Apartments by County by Quarter

II-30

Apartment Unit Absorption by Quarter and Year

II-31

Tables

Monthly Resident Turnover by Size, Age and County

II-32

Vacancy Rates During the Current Quarter - Cumulative Totals

II-33

81 Q1
81 Q3
82 Q1
82 Q3
83 Q1
83 Q3
84 Q1
84 Q3
85 Q1
85 Q3
86 Q1
86 Q3
87 Q1
87 Q3
88 Q1
88 Q3
89 Q1
89 Q3
90 Q1
90 Q3
91 Q1
91 Q3
92 Q1
92 Q3
93 Q1
93 Q3
94 Q1
94 Q3
95 Q1
95 Q3
96 Q1
96 Q3
97 Q1
97 Q3
98 Q1
98 Q3
99 Q1
99 Q3
00 Q1
00 Q3
01 Q1
01 Q3
02 Q1
02 Q3
03 Q1
03 Q3
04 Q1
04 Q3
05 Q1
05 Q3
06 Q1
06 Q3
07 Q1
07 Q3
08 Q1
08 Q3
09 Q1
09 Q3
10 Q1
10 Q3
11 Q1
11 Q3
12 Q1
12 Q3
13 Q1
13 Q3
14 Q1
14 Q3
15 Q1
15 Q3
16 Q1

1600

81 Q1
81 Q3
82 Q1
82 Q3
83 Q1
83 Q3
84 Q1
84 Q3
85 Q1
85 Q3
86 Q1
86 Q3
87 Q1
87 Q3
88 Q1
88 Q3
89 Q1
89 Q3
90 Q1
90 Q3
91 Q1
91 Q3
92 Q1
92 Q3
93 Q1
93 Q3
94 Q1
94 Q3
95 Q1
95 Q3
96 Q1
96 Q3
97 Q1
97 Q3
98 Q1
98 Q3
99 Q1
99 Q3
00 Q1
00 Q3
01 Q1
01 Q3
02 Q1
02 Q3
03 Q1
03 Q3
04 Q1
04 Q3
05 Q1
05 Q3
06 Q1
06 Q3
07 Q1
07 Q3
08 Q1
08 Q3
09 Q1
09 Q3
10 Q1
10 Q3
11 Q1
11 Q3
12 Q1
12 Q3
13 Q1
13 Q3
14 Q1
14 Q3
15 Q1
15 Q3
16 Q1

Rent (in dollars)

Percent Vacant

Vacancy Rate by Quarter

16

14

12

10

Quarter

Average Rent by Quarter

1400

1200

1000

800

600

400

200

Quarter

II-1

Percent Vacant
10
Aurora-North

Adams

Arapahoe

Boulder/
Broomfield

II-2

Denver

County

Douglas

Jefferson

Wheat Ridge

Lakewood-South

Lakewood-North

Golden

Arvada

Douglas County-North

Castle Rock

Denver-West Central

Denver-Southwest

Denver-Southeast

Denver-South Central/Wash Park

Denver-Northwest

Denver-Northeast

Denver-North Central/City Park

Denver-Far SE

Denver-East Central/Lowry

Denver-Downtown

Denver-Central/Capitol Hill

Longmont

City of Bldr-Unv. Area

City of Bldr-Except Unv.

Broomfield

Boulder County-Other

Littleton

Glendale

Englewood/Sheridan

Aurora-South

Aurora-Central SW

Aurora-Central SE

Aurora-Central NW

Aurora-Central NE

Arapahoe Co-Southeast

Arapahoe Co-South

Westminster

Northglenn/Thornton

Commerce City

Percent Vacant

Vacancy Rate by Market Area

10

Market Area

Vacancy Rate by County by Quarter

12
15 Q3

15 Q4

16 Q1

8
16 Q2

Metro Average

Vacancy Rate by Size of Building


8
15 Q3
7

15 Q4
16 Q1

Percent Vacant

16 Q2

5
4
3
2
1
0
Up to 8

9 to 50

51 to 99

100 to 199

200 to 349

350 up

Number of Units in Building

Vacancy Rate by Age of Building


25
15 Q3
15 Q4
20

16 Q1

Percent Vacant

16 Q2
15

10

0
To 1939

1940-49

1950-59

1960-69

1970-79

Year Built

II-3

1980-89

1990-99

2000-09

2010 up

Rent (in dollars)

Aurora-North

Adams

Arapahoe

Boulder/ Broomfield

II-4
Market Area

Denver

County

2000

Douglas

Jefferson

Wheat Ridge

Lakewood-South

Lakewood-North

Golden

Arvada

Douglas County-North

Castle Rock

Denver-West Central

Denver-Southwest

Denver-Southeast

Denver-South Central/Wash

Denver-Northwest

Denver-Northeast

Denver-North Central/City Park

Denver-Far SE

Denver-East Central/Lowry

Denver-Downtown

Denver-Central/Capitol Hill

Longmont

City of Bldr-Unv. Area

City of Bldr-Except Unv.

Broomfield

Boulder County-Other

Littleton

Glendale

Englewood/Sheridan

Aurora-South

Aurora-Central SW

Aurora-Central SE

Aurora-Central NW

Aurora-Central NE

Arapahoe Co-Southeast

Arapahoe Co-South

Westminster

Northglenn/Thornton

Commerce City

Rent (in dollars)

Average Rent by Market Area

2500

2000

1500

1000

500

Average Rent by County by Apartment Type

2500

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

1500

1000

500

Metro Average

Rent per Square Foot by Apartment Type


2.5

Rent per Square Foot (in dollars)

15 Q3
15 Q4
2

16 Q1
16 Q2

1.5

0.5

0
Efficiency

One Bedroom

Two Bed, One Bath Two Bed, Two Bath

Three Bed

Average

Apartment Type

Rent per Square Foot by Apartment Unit Size


2.5

Rent per Square Foot (in dollars)

15 Q3
15 Q4
16 Q1

16 Q2
1.5

0.5

0
499 below

500 to 749

750 to 999

Apartment Unit Size (in square feet)

II-5

1000 above

Number of Apartment Units


0

II-6

Year

16 Q1

15 Q3

15 Q1

14 Q3

14 Q1

13 Q3

13 Q1

12 Q3

12 Q1

11 Q3

11 Q1

10 Q3

10 Q1

09 Q3

09 Q1

08 Q3

08 Q1

07 Q3

07 Q1

06 Q3

06 Q1

05 Q3

05 Q1

04 Q3

04 Q1

03 Q3

03 Q1

02 Q3

02 Q1

01 Q3

01 Q1

00 Q3

00 Q1

99 Q3

99 Q1

98 Q3

98 Q1

97 Q3

97 Q1

96 Q3

96 Q1

95 Q3

95 Q1

94 Q3

94 Q1

93 Q3

93 Q1

92 Q3

92 Q1

91 Q3

91 Q1

90 Q3

90 Q1

Loss (in percent)

Rental Losses by Quarter

20

18

16

14

12

10

Quarter

Estimate of Total Apartments by Year

340,000

320,000

300,000

280,000

260,000

240,000

220,000

200,000

89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16

New Apartment Units Added in Metro Area by Year


10000
9400

9000

9123

9300

7841

7761

8000

7588

7500

7000
6300

6000

6445

6200

5669

5600

5626

5594

5320

5000

4251

4500
3800

2887

2799

2000

2548

2033
1729

2262

2517

1973

1166
889

1146

16

15

14

10

09

08

07

06

05

04

03

02

01

00

99

98

97

96

95

11

498

446
94

92

91

89

88

87

86

85

84

83

82

81

80

253

93

1000
0

3791

13

3000

3791

3584

3526

12

4000

90

Number of Apartment Units

7949

Year

Apartment Units Built in Current Quarter


3000

2442

Number of Apartment Units

2500

2000
1516
1500

1000

500
257

349
198

122

0
0
Adams

Arapahoe

Boulder

Denver

County

II-7

Douglas

Jefferson

Metro Totals

II-8

Year

2
11

10

09

08

07

06

05

04

03

02

01

00

99

98

97

96

95

94

93

92

91

90

89

88

87

86

85

84

83

82

81

80

16 Q1

16

15

8
14

10

15 Q3

12
13

Monthly Resident Turnover

15 Q1

Year

12

-4000

14 Q3

-2000

14 Q1

13 Q3

13 Q1

12 Q3

12 Q1

11 Q3

11 Q1

10 Q3

10 Q1

09 Q3

09 Q1

08 Q3

08 Q1

07 Q3

07 Q1

06 Q3

06 Q1

05 Q3

05 Q1

04 Q3

04 Q1

03 Q3

03 Q1

02 Q3

02 Q1

01 Q3

01 Q1

00 Q3

00 Q1

99 Q3

99 Q1

98 Q3

98 Q1

97 Q3

97 Q1

Number of Apartment Units

96 Q3

96 Q1

Turnover (in percent)

Units Absorbed per Year

14000

12000

10000

8000

6000

4000

2000

Vacancy Rates by County by Apartment Type

10
9

Percent Vacant

Efficiency

One bedroom

Two bed, one bath

Two bed, two bath

Three bedroom

All

7
6
5
4
3
2
1
0
Adams

Arapahoe

Boulder

Denver

Douglas

Jefferson

Metro Average

County

Vacancy Rate by Apartment Type by Quarter


8
15 Q3

15 Q4

16 Q1

16 Q2

Percent Vacant

6
5
4
3
2
1
0
Efficiency

One Bedroom

Two Bed, One Bath Two Bed, Two Bath

Quarter

II-9

Three Bed

Average

Median Rent by County by Quarter


1600
1400

15 Q3

15 Q4

16 Q1

16 Q2

Rent (in dollars)

1200
1000
800
600
400
200
0
Adams

Arapahoe

Boulder

Denver

Douglas

Jefferson

Metro Area

County

Average Rent by Size of Building


1800
$1,569.17

1600
$1,378.02

Rent (in dollars)

1400
1200

$1,175.62

$1,117.82

1000
800
600
400
200
0
Up to 6 units

7 - 36 units

37 + units

Size of Building

II-10

5 Story or More

Vacancy Rates by County


First Figure = Rate for Quarter in Percent
Second Figure = Change from Year Ago
Third Figure = Twelve Month Average
2006
County
Adams

3rd

4th

6.4

7.4

-1.4 -0.7
6.9
Arapahoe

Boulder/
Broomfield

Denver

Douglas

Metro Average

2008

2nd

3rd

7.8

6.3

5.9

0.8

0.2 -0.5

6.9

7.0

6.9

6.8

6.1

5.0

6.0

2nd

3rd

2009
4th

1st

2010
4th

1st

2nd

2011
3rd

4th

1st

2nd

2012
3rd

4th

1st

2nd

2013
3rd

4th

1st

2nd

2014
3rd

4th

1st

2nd

2015
3rd

4th

1st

2nd

2016

4th

1st

2nd

3rd

3rd

4th

1st

2nd

7.4

6.4

6.8

7.5

8.8

0.0 -1.3

0.4

1.5

1.4

8.4

8.5

6.7

6.3

6.8

5.2

4.4

5.7

5.6

5.2

5.3

5.3

4.5

4.9

4.2

4.5

5.2

3.8

5.7

5.3

4.7

4.5

3.9

3.7

4.0

3.9

4.4

5.6

4.7

6.4

1.9

1.8 -0.8

-2.5

-1.6

-3.3

-2.2

-0.6

-1.2

0.0

0.9

-0.5

-1.1

-0.3

-1.1

-0.7

0.6

-1.1

1.4

0.8

-0.4

0.7

-1.8

-1.6

-0.8

-0.7

0.5

1.9

0.7

2.5

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

4.9

5.1

4.6

4.2

4.0

3.9

4.0

4.5

4.6

5.3

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

4.5

4.6

4.6

4.9

4.9

5.0

5.5

6.2

5.7

4.8

-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

0.3

0.1

-0.2

-0.3

0.4

0.4

0.9

1.3

0.9

-0.1

6.7

7.4

7.8

-0.1

0.0

0.8 -0.7

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

4.7

4.8

4.7

4.6

4.7

4.8

5.1

5.4

5.6

5.6

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

6.7

4.4

3.3

7.2

6.0

4.8

3.6

7.6

6.6

5.9
1.1

-3.0 -1.7 -2.2

-1.7 -1.4

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

3.5

0.6

0.5

3.8

-0.8

0.4

0.4

0.5

0.6

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

4.2

4.3

4.4

5.4

5.2

5.3

5.4

5.5

5.7

6.0

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

6.8

5.6

3.5

4.6

6.3

4.9

5.3

7.6

6.2

5.4

-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

0.3

0.0

1.5

1.1

-1.1

-1.5

-0.5

-0.7

1.8

3.0

-0.1

0.4

-3.0 -1.1 -0.1

6.1

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

4.8

5.2

5.5

5.8

5.5

5.1

5.0

4.8

5.3

6.0

6.0

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

3.7

3.8

3.7

4.0

4.5

3.4

4.4

9.3

11.2

7.7

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

-2.8

0.8

0.2

-1.0

0.8

-0.4

0.7

5.3

6.7

4.3

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

3.8

4.0

4.0

3.8

4.0

3.9

4.1

5.4

7.1

8.2

-1.1

Jefferson

6.7

2007
1st

-1.0 -1.8

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

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

3.4

3.7

3.2

3.8

3.2

3.4

5.1

5.3

4.7

4.1

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

-0.3

-0.1

-0.4

-0.8

-0.2

-0.2

1.9

1.4

1.5

0.6

7.4

7.1

6.9

6.9

6.4

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

3.8

3.8

3.7

3.5

3.5

3.4

3.9

4.2

4.6

4.8

6.7

7.0

7.1

6.2

5.3

-0.9 -0.9 -0.3


7.2

7.0

6.9

-0.8 -1.4
6.7

6.4

6.3

6.1

5.8

6.0

6.3

6.8

7.1

7.1

7.1

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

5.1

4.7

3.9

4.7

4.9

4.5

5.0

6.8

6.1

5.4

-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

0.5

0.5

-0.6

-0.5

-0.2

-0.2

1.1

2.1

1.1

0.9

5.9

6.2

6.6

7.2

8.0

8.2

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

4.7

4.9

4.7

4.6

4.5

4.5

4.8

5.3

5.6

5.8

6.2

5.9

8.1

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

II-11

3rd

4th

Vacancy Rates by Size of Building by County


(In Percent)
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
County
Adams

2006

2007

3rd 4th
1st 2nd
15.4 0.0 0.0
7.4 3.8 1.0 12.1
5.8 12.5 16.6 9.4
6.8 9.1 8.6 5.4
6.3 6.9 7.7 5.9
6.3 7.1 7.2 7.0
8.8 5.6 5.9 11.0
4.8 15.2 14.3 8.2
8.3 15.3 6.8 7.6
7.6 7.5 9.0 7.2
5.1 6.7 7.2 5.0
8.2 6.9 8.0 6.7
7.3 0.0 2.1 5.6
4.5 2.6 2.4 3.3
6.5 5.8 2.2 2.5
5.0 4.5 4.3 5.9
4.9 6.9 5.7 4.0
3.9 4.8 4.1 2.3
4.9 3.2 5.1 5.1
6.0 6.3 6.4 6.2
7.2 6.6 5.7 4.7
7.0 7.3 8.0 4.3
6.8 6.8 7.5 7.9
8.4 7.2 7.3 5.3
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

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

2008
3rd
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

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

2009

4th
1st 2nd 3rd
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

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

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

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

2010

4th
1st 2nd 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

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

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

3rd
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

4th
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

1st
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

14.3

7.1

0.0

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

2nd
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

3rd
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

2012
4th 1st
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

2nd
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

2013
3rd
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

4th
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

1st
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

2nd
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

3rd
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

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

2014
4th

1st

4.1 1.9
2.9 9.9
3.0 3.5
6.7 6.0
4.8 3.7
5.6 1.8
1.9 3.1
2.6 2.8
4.1 4.6
4.4 4.0
6.1 4.8
1.9 0.0
0.0 4.8
5.2 7.8
3.4 5.6
3.3 8.9
3.5 4.0
5.0 0.8
4.4 3.3
5.4 5.1
5.9 6.7
7.2 10.6
5.7 4.7

2nd
0.0
1.9
1.7
5.0
4.8
4.4
0.0
2.1
5.2
4.4
4.2
5.1
2.6
1.9
3.7
3.9
3.8
5.7
2.2
7.6
4.1
6.6
7.2
3.9

3rd
0.0
2.9
2.7
5.1
3.2
4.7
2.9
2.3
4.6
4.2
4.8
4.6
2.2
0.5
4.1
2.6
3.2
4.2
1.3
3.5
2.5
3.5
3.4
3.7

2015
4th 1st
0.0 0.0
2.6 1.0
1.9 0.3
5.5 4.2
3.5 4.5
3.7 3.3
0.0 2.4
3.3 1.2
4.4 1.6
3.2 3.5
4.5 6.0
5.6 4.5
0.0 0.0
0.5 0.0
3.4 5.1
2.7 3.0
5.5 4.0
12.6 10.0
2.4 3.6
3.7 3.5
3.5 5.9
7.3 7.6
4.4 6.7
4.0 6.0

2nd
0.0
0.0
3.3
3.1
4.5
3.4
0.0
0.6
3.9
4.8
6.3
4.3
0.0
1.0
4.9
4.8
3.2
7.6
3.0
3.3
5.2
6.1
6.5
3.2

3rd
0.0
7.1
1.7
3.4
5.2
3.7
0.0
1.8
2.3
4.7
7.2
4.6
1.7
1.4
4.4
4.0
3.3
4.0
2.4
2.3
3.5
8.6
6.7
3.5

2016
4th
0.0
5.0
5.7
5.8
6.1
5.2
0.0
4.1
6.1
4.1
7.9
5.3
0.0
0.9
6.0
4.9
9.7
6.6
0.9
5.2
5.2
8.4
8.6
7.1

1st

2nd

6.5
0.9
4.0
5.8
3.8
0.0
4.1
3.3
4.5
7.6
4.8
2.7
0.0
2.7
5.5
7.2
6.7
3.3
2.9
5.0
5.2
6.8
6.7

0.0
1.5
6.2
8.2
4.6
5.7
3.5
3.5
4.1
5.0
4.9
2.2
0.0
6.6
4.5
5.4
7.1
5.0
4.8
6.0
4.9
6.3
4.7

5.7
12.5
1.8
1.1
7.8
6.2
6.1
4.2
1.0
4.2
5.9
6.2
7.6
6.4

3.7
66.1
7.0
11.8
4.0
1.3
2.2
5.0
4.6
5.3
3.1
2.6
3.8
6.3
6.6
6.0

17.6
5.8
8.4
0.9
4.0
3.3
3.7
4.0
4.5
3.1
4.4
5.1
5.0
5.8
5.3

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

4.3
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

* vacancy rate affected by new units leasing up

II-12

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

3.6
3.7
0.0
1.9
3.5
3.1
3.6
3.6
0.6
3.1
5.3
4.9
6.2
4.4

4.2
3.5
1.7
1.0
2.2
4.0
3.5
4.4
1.8
5.2
3.6
5.0
4.8
4.5

2.7
4.2
2.4
1.7
1.9
2.1
3.0
4.3
2.1
2.8
3.0
3.6
3.7
4.3

5.1
3.2
3.3
2.0
1.5
2.6
3.7
5.1
2.3
3.2
3.0
4.6
4.4
5.2

5.5
3.8
0.0
1.9
2.7
2.5
3.1
3.9
1.4
2.7
3.8
4.7
5.3
4.9

4.4
2.9
10.5
1.7
1.4
3.0
4.2
3.0
7.2
2.6
4.0
4.6
5.4
3.9

5.4
3.7
0.0
1.9
3.9
7.9
5.5
4.4
1.0
2.2
3.4
6.1
6.0
4.0

3rd

4th

Vacancy Rates by Size of Apartment Unit by County


(In Percent)

County
Adams

Square Feet
in Unit

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

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

1st

2nd

3rd

4th

1st

2nd

499 below

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

4.1

6.5

3.1

5.3

4.3

4.2

8.2

9.1

8.3

4.5

500 to 749

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

4.1

3.8

3.8

3.4

3.2

3.5

3.7

5.7

3.4

5.5

750 to 999

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

4.8

4.9

3.7

3.9

4.7

4.6

4.7

5.9

4.2

7.0

1000 above

6.9

7.6

7.5

6.3

5.8

7.8

7.6

8.1

8.1

8.4

8.3

8.4

6.0

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

6.7

5.5

5.0

4.5

3.8

4.2

3.4

4.4

5.0

6.7

6.5

499 below

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

2.4

3.9

2.8

19.0

14.5

10.7

3.9

6.3

6.6

7.4

500 to 749

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

4.6

4.7

4.8

4.4

5.0

4.9

4.9

5.7

5.3

4.5

750 to 999

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

5.0

4.3

4.5

4.3

3.9

3.6

4.3

5.4

6.0

5.8

4.6

1000 above

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

4.7

4.8

4.8

5.5

5.6

5.6

6.3

7.1

6.1

5.5

Boulder/
499 below
Broomfield

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

5.9

3.5

1.2

1.4

2.9

3.1

1.0

1.9

2.5

2.6

500 to 749

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

5.3

3.9

2.5

3.4

3.2

2.7

3.2

3.9

3.3

3.2

750 to 999

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

8.0

4.9

3.8

7.9

6.7

5.2

3.7

8.7

6.2

6.3

1000 above

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

6.0

4.3

3.4

9.5

7.0

5.9

4.2

8.5

8.9

6.6

499 below

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

3.3

4.9

3.1

2.2

2.8

7.2

2.8

5.1

3.7

4.4

500 to 749

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

6.4

7.8

5.9

3.6

3.5

6.3

4.0

4.0

6.5

4.7

4.7

750 to 999

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

6.4

4.9

2.6

5.1

6.1

5.0

6.5

8.0

7.4

5.5

1000 above

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

6.9

6.7

4.8

6.9

7.8

5.6

5.8

9.1

7.4

6.4

499 below

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

35.8

500 to 749

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

5.1

6.7

2.3

2.4

0.3

4.3

3.1

3.1

2.8

5.7

1.6

1.5

3.4

3.2

1.5

1.4

2.7

30.8

27.9

18.0

750 to 999

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

3.8

3.3

3.7

3.8

4.2

3.3

4.2

4.8

7.6

4.9

1000 above

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

3.9

4.4

3.7

4.4

5.2

3.7

4.7

10.5

11.9

8.6

499 below

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

2.3

2.6

1.0

2.4

1.7

5.5

1.5

3.9

2.8

5.3

500 to 749

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

3.2

4.1

3.1

3.4

2.4

2.2

2.5

3.8

3.6

3.7

750 to 999

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

3.1

3.4

3.3

3.2

3.1

3.5

5.9

5.6

4.4

4.5

1000 above

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

4.2

3.8

3.4

5.4

4.3

4.3

7.0

6.3

6.2

3.7

499 below

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

3.5

4.2

2.5

5.4

5.0

7.3

2.8

5.2

4.1

4.9

500 to 749

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

5.4

4.8

3.9

3.8

4.7

3.9

4.0

6.1

5.0

4.9

750 to 999

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

5.0

4.4

3.6

4.4

4.5

4.4

5.4

6.6

6.0

5.3

1000 above

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

5.2

5.0

4.3

5.9

5.8

5.0

5.7

7.8

7.5

6.1

Arapahoe

Denver

Douglas

Jefferson

Metro
Average

0.0

* vacancy rate affected by new units leasing up

II-13

3rd

4th

Vacancy Rates by Age of Building by County


(In Percent)
2006
County
Adams

Year
To 1939
1940-49
1950-59
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1939
Arapahoe
1940-49
1950-59
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1939
Boulder/
1940-49
Broomfield
1950-59
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1939
Denver
1940-49
1950-59
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1939
Douglas
1940-49
1950-59
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1939
Jefferson
1940-49
1950-59
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
Metro Average To 1939
1940-49
1950-59
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up

2007

3rd

4th

0.0
21.2
8.2
7.2
6.6
4.5
4.9

0.0
7.6
9.4
7.1
6.7
6.1

1st

2nd

2008
3rd

4th

0.0
9.1
9.6
8.1
6.8
6.4

0.0
9.3
8.0
4.9
4.8
6.8

0.0
8.9
7.7
5.7
3.9
5.3

8.7
12.2
6.9
4.5
6.2

1st

5.8
7.5
5.7
6.4
6.5

2nd

8.8
7.9
5.9
7.6
6.3

2009
3rd
0.0

20.0
6.5
9.2
7.2
6.0
18.3

4th
8.3
0.0
6.0
10.6
9.1
8.7
14.7

1st
8.3
7.7
11.4
8.9
7.7
6.4
26.7

2nd
0.0
7.7
12.0
10.9
7.7
5.1
14.5

2010
3rd
0.0

7.7
14.2
9.7
6.3
5.8
4.1

2011

2012

2013

2014

2015

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

3.8
8.7
8.7
5.9
5.6
5.6

0.0
4.5
10.3
10.0
6.2
5.1
6.3

0.0
8.0
6.4
5.0
4.5
6.2

10.0
7.3
5.1
4.1
4.2
4.2

10.0
10.7
7.9
4.4
5.2
5.7

20.0
7.6
8.9
4.0
5.3
5.0

0.0
6.8
5.8
4.6
5.5
4.9

0.0
8.2
6.2
4.8
5.5
5.1

0.0
6.4
5.3
4.7
5.8
5.6

0.0
6.2
5.0
4.4
3.6
5.8

10.0
6.2
4.8
3.9
5.0
6.3

0.0
5.0
4.3
3.6
3.9
5.6

10.0
2.7
4.1
4.0
5.3
6.9

0.0
5.1
3.1
3.9
3.5
4.5

30.0
4.9
3.8
4.1
4.0
3.5

40.0
5.3
4.5
2.9
10.4
29.6

20.0
2.1
4.9
5.2
5.2
9.9

20.0
3.8
5.4
3.2
3.7
7.6

10.0
4.0
5.1
3.1
4.8
5.5

10.0
4.1
4.2
3.3
2.7
4.1

10.0
3.5
3.6
3.8
3.9
3.5

0.0

3.0

4.0

3.5

2.0

0.9

0.0
3.2
4.1
5.7
5.3
5.0

16.7
4.0
4.6
3.3
4.7
4.7

3.8
6.6
3.8
4.1
4.5

2.1
5.1
6.5
4.3
4.9
4.0

0.0
6.9
5.8
4.5
5.4
5.2

0.0
4.6
5.5
3.5
4.6
4.9

1.0
4.6
5.5
4.1
5.4
4.3

0.0
3.1
4.9
4.1
5.2
4.8

0.0
5.4
8.4
3.4
5.6
4.0

0.0

5.1

9.1

9.1

0.0

0.0

9.1

9.1

9.1

4.5

4.5

0.0

9.1

0.0

9.1

15.4
16.7
9.5
5.4
4.2
4.7

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
6.4
6.4
5.8
5.4
6.2

0.0
8.9
6.6
5.2
5.4
52.0

0.0
7.3
4.8
5.7
5.0
14.6

0.0
7.0
7.4
6.9
4.7
13.5

0.0
9.0
9.2
6.6
5.6
15.2

0.0
9.1
10.5
7.4
6.6
21.5

5.0
9.4
13.7
7.8
5.7
19.6

0.0
9.5
9.9
6.4
6.3
16.6

0.0
7.1
11.1
7.0
6.8
13.5

0.0
7.0
9.1
6.1
3.7
11.8

0.0
5.0
9.6
4.8
3.9
7.5

0.0
4.8
7.7
4.7
3.3
13.9

0.0
4.5
7.1
5.3
4.5
11.6

0.0
5.3
7.5
4.5
4.7
11.1

4.6
5.6
4.6
4.7
8.6

3.8
7.2
5.1
4.5
6.5

5.1
8.7
6.8
5.9
7.2

1.8
7.6
6.3
6.1
6.0

3.3
7.5
6.1
5.0
4.5

16.7
2.0
6.1
5.2
4.4
4.2

1.5

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0
0.0

0.0
0.0

0.0
0.0

0.0
0.0

0.0
0.0

0.0
0.0

0.0

0.0
12.5

0.0
0.0

14.3
0.0

0.0
0.0

0.0
0.0

14.3
0.0

0.0
0.0

0.0
12.5

14.3
0.0

0.0
0.0

5.0
3.7
5.1
4.4
7.4

2.9
4.6
5.4
5.9
7.4

2.8
3.1
6.8
3.8
5.4

1.6
4.5
5.5
4.2
3.4

2.5
2.3
4.3
4.3
3.7

3.1
3.3
8.3
6.7
4.3

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

2.2
5.0
5.6
7.2
6.0

3.1
10.3
4.3
7.6
7.7

7.8
4.9
2.7
6.8
2.6

2.9
5.5
5.7
7.2
2.8

2.9
5.0
5.1
6.0
2.7

4.0
4.3
3.7
6.0
4.0

1.4
3.4
4.6
4.0
2.2

2.2
2.8
4.8
4.1
3.8

2.9
2.9
6.8
3.7
12.3

3.1
4.6
5.5
3.5
7.8

1.9
4.1
7.1
5.1
4.4

2.6
3.4
7.0
4.7
4.5

1.2
1.3
11.2
3.0
4.4

1.7
2.7
3.6
4.2
4.0

2.0
2.2
4.1
2.8
3.4

2.2
2.3
4.4
3.2
5.4

0.5
2.1
3.0
4.0
3.6

0.9
2.1
6.1
3.9
3.7

0.0
2.3
4.0
2.9
3.1

1.5
3.0
3.1
3.8
3.7

12.7
4.3
1.6
3.3
12.0

1.2
4.0
4.6
4.4
4.8

0.0
2.1
5.6
3.0
4.0

0.5
1.4
4.0
4.0
11.7

3.6
6.1
6.9
7.3
8.2
6.4
4.6
18.5

3.7
4.3
6.0
6.3
5.5
8.1
8.7
13.3

3.6
5.4
10.3
5.1
5.8
7.1
11.3
17.7

2.7
6.8
9.0
5.3
4.9
6.8
9.1
11.8

4.2
7.3
8.6
5.8
5.6
4.6
8.0
9.0

3.4
7.5
6.7
4.2
6.5
5.3
5.2
6.4

4.4
4.0
5.2
4.5
5.3
5.7
4.9
5.0

3.8
6.1
8.2
4.0
5.7
6.5
5.8
5.9

4.9
4.4
7.2
4.6
6.4
5.2
6.5
7.7

5.8
7.0
9.3
6.4
7.6
6.9
10.3
12.2

9.3
5.0
8.8
6.0
7.4
6.7
10.9
15.8

6.9
6.5
9.7
8.8
10.8
6.8
8.5
18.1

5.8
4.9
6.7
7.5
9.4
5.6
7.1
15.0

4.2
5.0
8.9
9.9
9.9
5.9
7.0
14.4

5.6
5.4
6.8
8.0
6.7
6.2
5.3
12.1

5.5
6.1
7.6
7.4
6.8
6.1
5.7
12.6

2.4
4.6
7.7
7.6
4.5
4.3
4.8
7.6

2.6
3.1
4.3
5.1
5.0
4.1
4.3
8.0

2.1
2.7
5.1
5.9
4.3
4.5
4.4
6.6

2.6
2.8
4.6
6.3
3.9
3.9
3.6
4.5

1.8
2.8
3.8
4.1
4.2
4.0
3.7
5.7

2.4
3.0
1.3
3.8
5.0
5.2
3.6
5.9

1.5
2.5
3.0
2.8
5.0
3.8
5.4
4.8

3.2
3.6
5.0
4.6
6.1
4.4
5.0
4.2

2.6
1.5
2.2
3.7
4.4
5.0
4.7
4.5

2.2
3.0
2.8
4.2
6.7
5.1
5.7
5.8

2.2
3.1
2.2
5.0
5.1
4.7
5.5
8.3

2.2
18.9
2.6
4.2
3.7
4.7
3.7
6.1

2.0
12.0
3.3
4.8
3.0
5.6
3.9
5.8

2.9
12.7
2.0
4.6
4.9
6.2
8.1
8.1

1.9
2.7
18.3
4.2
4.2
5.1
3.3
11.5

4.5
3.2
12.8
6.0
3.3
5.0
3.6
8.1

1.4
3.0
3.0
3.7
2.6
4.5
6.7
3.6

2.3
4.0
2.1
3.3
3.3
5.3
5.7
6.4

4.8
6.1
6.6

4.0
6.4
7.5

6.9
6.1

5.5
6.9
5.2

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

3.4
3.4
4.3

0.2
4.1
6.8

0.2
5.1
6.0

0.5
4.1
16.8

1.7
4.0
1.3

2.2
4.7
3.2

0.0
3.0
6.4
5.5

2.2
4.5
3.6

3.0
5.7
4.2

2.7
4.3
3.7

1.7
5.1
5.8

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

0.0

12.5

0.0

12.5

0.0

0.0

0.0

0.0

26.4
8.3
8.2
5.9
5.8
9.1

5.8
5.4
6.9
5.5
7.5
7.9

7.1
6.0
6.4
5.8
5.5
12.6

17.4
5.4
8.3
7.8
5.7
8.5

5.8
4.2
5.6
4.6
6.3
5.4

7.3
4.9
5.8
5.8
6.3
7.0

2.9
5.1
5.4
5.1
6.3
6.2

8.7
6.3
6.8
5.0
4.5
9.0

9.3
5.3
6.7
5.1
5.0
14.5

10.8
7.1
7.4
6.5
7.9
8.3

11.0
5.6
9.0
5.8
6.5
9.3

11.5
4.7
9.2
6.4
5.9
6.0

12.6
4.5
8.9
4.8
5.1
6.4

10.2
10.8
9.0
5.3
6.3
6.5

6.1
4.1
7.9
4.4
4.5
6.3

7.0
6.2
7.7
4.4
4.2
4.1

9.1
4.6
4.0
3.5
4.3
3.5

7.5
4.4
4.7
3.8
4.6
5.2

9.0
4.7
4.3
4.2
5.2
6.1

6.8
3.2
5.1
4.6
5.1
3.4

4.7
2.7
4.9
3.7
4.5
7.3

2.4
2.6
4.1
4.4
4.8
7.8

3.5
3.3
3.8
3.5
4.4
3.5

2.4
3.6
4.2
3.4
4.7
2.6

4.9
2.4
2.8
4.3
4.3
5.6

3.4
2.8
3.8
5.1
4.7
4.6

1.5
3.0
3.7
3.6
3.6
5.2

1.1
3.7
3.4
3.1
4.0
4.9

4.4
2.6
2.9
3.0
4.9
3.8

1.8
2.7
2.8
4.3
3.4
21.8

1.7
2.8
3.2
3.8
3.2
5.5

0.6
1.9
3.7
4.6
3.4
3.5

0.0
0.0
1.7
2.3
2.3
4.2
3.2
4.5

4.8
2.2
3.0
2.7
5.0
5.2

3.4
6.0
13.0
10.1
8.1
5.8
4.9
14.2

3.7
4.2
5.9
6.4
7.3
6.8
6.5
10.5

3.6
5.3
10.0
6.2
7.5
7.3
6.1
13.9

2.6
6.7
9.5
5.6
6.6
6.1
5.6
10.3

4.2
7.2
8.3
5.6
5.8
4.9
5.4
7.8

3.7
7.4
6.7
5.1
6.8
5.9
6.0
6.6

4.4
4.0
5.0
6.0
5.8
5.5
6.0
14.3

3.7
6.0
8.3
5.6
5.9
6.1
6.2
9.6

4.7
4.3
7.6
5.1
6.9
6.3
5.6
11.7

5.9
6.9
9.4
6.6
8.1
7.1
7.6
13.1

9.2
5.0
9.1
6.8
8.5
7.0
7.3
17.0

6.8
6.4
10.0
7.7
11.2
7.4
6.2
16.7

5.8
4.9
7.7
8.2
8.9
5.9
5.9
12.7

4.3
4.9
8.9
8.4
9.4
6.3
6.5
11.5

5.5
5.1
6.6
7.0
7.9
5.9
4.7
9.2

5.5
5.9
7.3
6.3
7.6
5.0
4.6
8.0

2.4
4.5
7.9
5.8
5.3
4.4
4.0
8.7

2.6
3.0
5.2
4.9
5.8
4.7
4.6
8.6

2.1
2.6
6.3
5.2
5.7
4.5
4.6
8.8

2.5
2.6
4.8
4.9
5.0
4.4
4.5
6.4

1.8
2.7
3.9
3.9
5.6
4.7
4.6
6.0

2.3
2.9
1.3
4.0
5.9
5.8
5.1
6.3

1.5
2.4
3.0
2.9
5.3
5.4
4.9
5.2

3.2
3.6
4.9
4.0
5.6
4.9
4.6
4.6

2.5
1.8
2.5
3.0
4.5
4.7
4.1
4.6

2.3
2.8
2.9
3.3
4.7
5.1
4.9
6.2

2.3
2.9
2.2
4.0
4.1
3.6
4.2
7.5

2.2
17.6
2.6
3.9
4.4
4.0
4.0
4.6

2.0
11.4
3.9
4.0
4.2
4.3
5.1
4.9

2.9
11.8
1.9
4.4
4.6
4.9
5.1
7.1

2.2
2.6
14.1
4.8
4.6
3.7
4.0
8.5

4.3
3.5
9.8
4.8
4.3
4.2
4.7
6.0

1.6
2.8
2.9
3.2
3.5
4.1
4.2
4.2

2.0
3.9
2.6
3.4
4.4
3.8
5.0
6.3

* vacancy rate affected by new units leasing up

II-14

0.0

2016

1st

2nd

3rd

3rd

1st

2nd

1.5
3.5
2.9
4.0
3.7
17.6
1.0

2.2
4.9
3.1
3.5
3.9
1.2
1.0

2.2
4.8
4.8
3.0
4.3
5.8
2.3

4.7
7.3
4.8
4.1
5.1
8.3
2.3

2.2
4.1
5.1
7.8
3.5
4.8
5.1

1.8
6.1
4.3
4.9
3.5
53.2
2.3

0.0
2.7
6.5
3.1
5.2
3.1
28.9
0.0
0.0

0.0
4.4
5.8
3.6
3.9
3.3
27.4
0.0

4.4
4.6
4.3
5.4
4.1
24.6
2.5
0.0

0.0
7.4
5.9
4.5
5.6
6.0
22.4
0.0
0.0

0.0
5.6
4.3
5.5
5.2
4.3
27.2
0.0
12.5

7.9
4.2
4.7
4.7
4.3
14.2
14.3
0.0

2.0
2.7
3.8
2.8
3.9
19.2
2.5
0.7
2.0
4.0
4.0
5.2
3.2
5.1
24.2

0.8
2.6
3.3
4.5
2.3
12.3
2.5
2.1
3.7
3.9
2.4
4.3
2.5
4.4
18.8

1.2
1.7
3.3
2.6
2.7
8.6
2.2
2.2
4.5
3.9
2.9
4.5
3.9
5.7
16.8

0.0
0.8
5.3
5.8
3.7
17.3
5.0
1.5
6.5
8.2
5.1
5.9
5.3
5.2
19.3

0.7
1.7
3.6
5.2
7.7
10.5
3.9
2.2
9.6
4.1
4.5
5.7
6.2
6.5
12.0

0.0
1.5
4.6
3.9
8.2
7.6
6.3
4.6
7.5
4.2
4.0
3.9
4.6
5.3
10.0

2.2
5.9
3.7
7.0
0.0

0.2
4.6
3.1
3.1
0.0

5.0
5.5
3.7
6.7
0.0

5.4
6.5
5.2
43.8
0.0

3.7
7.9
5.7
5.1
44.8
0.0

5.3
4.9
4.2
26.4
0.0

3.2
1.9
2.4
2.5
4.8
3.1
4.3
2.2
0.7
2.2
3.0
4.2
3.5
4.6
3.8
21.0

1.2
1.4
2.7
2.2
5.1
2.7
7.9
2.3
2.1
3.3
3.3
3.8
3.5
4.1
3.5
17.0

1.1
0.6
2.4
3.0
5.0
4.6
37.0
2.2
2.0
3.7
2.9
3.6
4.2
4.4
4.3
18.0

3.8
1.8
3.6
3.8
4.4
5.9
20.9
4.4
1.5
5.7
6.8
5.4
4.8
5.3
5.4
20.9

2.9
1.2
3.5
4.0
4.3
5.0
14.9
4.0
2.4
8.3
3.9
4.2
5.2
5.6
5.1
17.2

1.4
2.2
2.8
5.7
4.0
3.2
7.2
5.3
4.5
6.3
4.4
4.2
4.6
4.5
4.6
13.1

3rd

3rd

Vacancy Rates by Apartment Type by County


(In Percent)
County

2006
3rd

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

7.4
5.7
6.3
6.9
8.7
6.4
5.9
5.6
9.6
6.5
10.8
6.7
6.9
3.9
5.7
5.1
5.3
4.8
7.3
6.6
9.1
6.9
16.1
7.3
2.1
4.5
8.7
7.0
9.8
6.4
8.6
6.5
8.4
6.8
8.5
7.2
7.2
5.8
8.3
6.6
9.7
6.7

Metro Average

Jefferson

Douglas

Denver

Boulder/Broomfield

Arapahoe

Adams

Apartment Type

4th

2007
1st

2nd

7.3 5.9 4.2


5.8 6.8 5.6
9.4 9.2 7.7
7.9 8.0 7.1
8.9 8.9 6.2
7.4 7.8 6.3
9.5 7.1 4.3
6.4 7.1 5.4
10.2 10.7 8.4
7.1 7.4 6.0
9.2 9.1 7.8
7.4 7.8 6.1
8.1 8.8 8.6
4.8 3.8 2.5
6.7 5.7 5.8
5.7 5.0 4.4
4.7 5.0 3.9
5.5 4.7 4.0
5.6 7.1 4.7
6.3 6.6 5.4
6.6 6.3 5.5
8.4 8.7 8.7
13.1 12.8 6.1
6.9 7.2 6.1
8.3 0.0 6.3
4.6 4.4 4.2
9.2 7.9 6.4
8.2 7.7 6.9
10.9 9.1 7.9
7.0 6.4 5.8
12.1 12.5 10.6
5.5 4.9 7.2
6.5 6.9 7.2
7.6 7.1 7.8
7.4 7.8 7.0
6.6 6.3 7.4
7.0 7.4 5.3
5.9 6.2 5.4
8.2 8.1 7.0
7.6 7.6 7.0
9.0 8.8 6.8
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

3rd

2009
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

3rd

2010

2011

2012

2013

2014

2015

2016

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

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

4.0
4.5
4.7
5.0
6.3
4.7
3.2
4.5
4.7
4.4
4.4
4.5
15.7
7.4
6.0
6.3
2.4
6.7
8.3
7.1
5.7
7.2
3.7
6.8
2.1
3.7
2.9
4.0
3.6
3.7
3.6
3.3
3.3
3.5
4.4
3.4
7.3
5.3
4.7
5.1
4.3
5.1

3.3
4.1
5.1
4.8
5.1
4.5
3.1
4.5
4.5
5.0
4.2
4.6
5.3
4.0
4.9
4.5
6.9
4.4
5.6
5.6
4.3
5.4
8.5
5.6
4.2
3.1
2.9
4.4
6.2
3.8
3.3
3.6
3.4
3.6
5.0
3.7
4.9
4.5
4.3
4.8
5.6
4.7

4.6
3.6
4.8
3.9
2.9
3.9
5.4
4.7
4.2
4.7
3.9
4.6
0.0
2.9
3.8
4.0
3.6
3.3
3.6
3.2
3.2
4.2
3.7
3.5
2.1
3.8
3.1
3.7
3.5
3.7
2.7
3.2
3.3
3.0
4.3
3.2
3.5
3.8
3.8
4.1
3.7
3.9

6.1
3.4
3.6
4.1
3.2
3.7
3.2
4.7
5.6
4.8
6.8
4.9
9.3
6.7
3.6
10.3
2.8
7.2
3.3
4.2
4.5
5.6
8.3
4.6
0.0
3.7
3.4
4.6
4.7
4.0
1.3
3.8
2.7
4.7
4.7
3.8
3.5
4.4
4.1
5.4
5.2
4.7

5.1
4.4
2.6
4.1
3.9
4.0
4.9
4.9
4.0
5.2
4.0
4.9
5.3
6.0
3.8
7.6
2.4
6.0
13.1
5.1
4.7
6.9
9.5
6.3
1.4
3.9
3.5
5.3
6.0
4.5
2.4
3.2
2.7
3.8
2.7
3.2
9.9
4.7
3.6
5.4
4.4
4.9

2.0
3.9
4.0
4.1
3.1
3.9
4.2
4.9
4.5
5.3
4.9
5.0
4.4
4.5
2.9
6.8
5.1
4.8
7.7
4.5
3.9
5.8
2.5
4.9
0.0
3.2
3.2
3.5
4.5
3.4
2.2
3.1
3.2
3.9
4.5
3.4
6.0
4.3
3.9
5.0
4.1
4.5

3.0
4.1
4.8
5.0
2.7
4.4
11.4
5.4
4.5
5.6
5.9
5.5
1.4
3.6
3.0
4.6
1.8
3.6
4.0
5.9
3.5
6.0
1.8
5.3
2.1
4.3
3.7
4.4
6.5
4.4
2.8
5.4
3.3
6.1
4.4
5.1
4.8
5.2
3.9
5.5
4.3
5.0

4.1
5.6
6.6
5.3
5.0
5.6
11.0
6.0
5.7
6.4
8.1
6.2
2.8
6.9
9.5
8.7
4.2
7.6
7.7
7.5
5.1
8.9
6.2
7.6
0.0
9.2
4.8
10.9
10.4
9.3
1.6
5.0
4.3
6.3
4.3
5.3
7.3
6.6
5.7
7.4
6.7
6.8

6.1
3.7
4.3
6.3
5.0
4.7
9.8
5.7
5.4
5.8
5.6
5.7
3.8
5.8
3.4
9.4
2.4
6.6
5.2
6.2
4.4
7.4
5.5
6.2
7.2
12.3
3.0
12.1
13.7
11.2
4.1
4.4
3.5
6.1
4.7
4.7
5.8
5.9
4.3
7.2
6.1
6.1

2.5
6.9
5.6
6.8
3.6
6.4
6.2
4.7
4.8
4.8
6.3
4.8
4.6
5.9
3.7
6.9
5.4
5.9
5.6
5.1
4.8
6.1
4.5
5.4
2.4
7.9
3.3
9.0
7.1
7.7
0.5
4.0
4.5
4.4
3.7
4.1
5.2
5.4
4.7
5.9
5.0
5.4

* vacancy rate affected by new units leasing up

II-15

3rd

4th

Average Rents by Apartment Type by County


(In Dollars)
2010

2009
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

3rd

4th

1st

2nd

2011
3rd

4th

1st

2nd

2012
3rd

4th

1st

2nd

2013

3rd

4th

1st

2nd

537.85 599.85 587.55 674.19 659.39 613.67 557.55 527.74 610.85 638.59 647.56 649.30 650.79 671.53 701.46 721.47 635.85 730.12 793.18 665.08 634.23
725.94 695.11 754.64 770.89 784.46 769.27 789.71 766.82 822.10 797.86 816.52 789.62 778.08 771.42 794.79 806.27 826.73 825.68 858.89 891.45 927.93
861.62 776.56 857.24 860.80 891.80 846.93 861.82 830.40 858.73 852.48 830.95 843.82 848.13 858.56 863.02 889.58 902.76 931.98 957.70 973.75 1025.65
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 1170.24 1234.15 1265.21
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 1402.53 1427.92 1476.72
848.22 809.39 874.56 892.48 914.71 892.65 904.78 886.33 935.46 909.71 934.03 906.85 893.86 893.35 910.71 933.96 962.53 948.68 988.48 1024.07 1066.70

678.44
951.44
1064.45
1302.52
1518.36
1096.11

745.59
991.77
1090.62
1348.87
1673.17
1130.71

783.53
1026.21
1153.31
1365.60
1715.27
1179.43

769.24
1063.53
1211.07
1419.78
1673.31
1207.18

756.93
1040.74
1187.37
1384.01
1729.76
1196.99

833.94
1083.28
1233.85
1435.67
1794.45
1257.78

966.69
1147.29
1263.64
1524.03
1844.95
1316.62

551.88 534.69 514.25 564.44 602.73 572.34 604.83 546.36 571.32 575.42 593.65 629.83 617.47 656.03 632.68 674.74 686.78 678.27 702.83 696.00
738.43 722.13 731.76 737.27 754.90 762.02 755.00 759.68 763.50 775.02 787.86 814.37 816.94 815.01 823.70 848.95 872.20 863.51 891.19 918.57
789.78 782.27 810.60 820.17 826.76 836.34 810.53 820.77 835.52 835.36 843.87 867.12 877.57 853.50 875.36 917.45 930.55 934.75 954.51 993.87
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 1199.19 1265.02
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 1452.84 1562.96
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 1026.03 1067.01

799.91
960.11
1045.22
1308.75
1619.44
1112.87

802.01
975.63
1065.40
1305.64
1656.59
1120.14

832.70
1004.95
1115.57
1363.69
1735.84
1164.15

846.24
1065.38
1155.45
1427.39
1815.87
1224.41

890.45
1079.96
1170.98
1410.87
1768.32
1230.34

914.09
1069.55
1167.67
1412.23
1810.50
1229.09

948.47
1078.34
1180.83
1433.46
1839.74
1235.67

978.25
1139.44
1252.10
1498.93
1899.14
1298.76

719.32 714.41 731.22 747.61 731.30 737.71 752.78 798.59 816.26 782.56 805.66
859.59 844.49 850.10 882.44 876.48 878.39 875.48 893.63 905.02 929.51 942.26
898.18 880.94 865.38 898.44 919.67 939.04 961.14 960.80 958.95 961.02 996.00
1117.28 1085.42 1095.48 1180.20 1167.59 1172.99 1170.00 1168.75 1193.74 1197.83 1255.23
1283.15 1320.96 1317.18 1381.29 1376.10 1292.24 1375.22 1371.89 1374.00 1390.50 1453.69
951.11 943.23 946.60 995.07 993.25 996.22 1003.08 1016.15 1031.18 1037.94 1070.38

1st

2nd

3rd

991.61
1091.72
1167.78
1497.00
1655.63
1264.25

914.35
1147.34
1199.69
1516.80
1617.55
1287.15

1075.11
1187.06
1220.35
1563.65
1687.07
1329.54

1078.27
1204.03
1258.66
1546.96
1666.23
1341.35

1409.16
1291.93
1321.40
1713.69
1861.13
1442.35

1198.01
1340.98
1341.65
1769.45
2008.62
1504.26

1240.99
1339.78
1398.34
1692.70
1987.45
1493.64

1294.49
1315.91
1386.34
1682.17
1945.43
1475.33

1308.16
1356.71
1416.41
1723.35
2028.99
1526.66

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
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
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
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
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
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

920.81
995.39
1011.01
1404.81
1473.50
1092.97

1035.47
1023.56
1060.99
1449.08
1575.54
1126.83

946.85
1020.35
1072.75
1451.92
1601.54
1118.11

967.63
1075.16
1119.18
1520.75
1824.68
1183.28

1040.67
1099.71
1151.55
1544.75
1807.69
1216.47

1056.90
1162.81
1207.73
1620.84
1826.67
1278.65

1081.30
1185.83
1188.39
1621.56
1626.74
1294.30

1108.32
1198.80
1229.21
1647.18
1859.66
1314.45

1064.70
1216.23
1242.00
1658.62
1910.65
1331.26

1188.79
1255.28
1285.27
1738.39
1936.51
1391.37

742.00
900.19
1020.57
1187.23
1446.95
1058.13

865.00
1077.89
1244.15
1404.82
1686.15
1261.71

1020.00
1166.51
1321.53
1502.41
1785.16
1350.83

915.00
1181.59
1329.15
1534.33
1893.15
1372.28

995.00
1193.55
1356.54
1527.71
1874.46
1384.25

1127.67
1205.83
1387.60
1559.79
1867.50
1406.26

1207.67
1299.23
1475.24
1621.63
1999.32
1487.95

1040.00
1268.93
1453.96
1649.07
1924.90
1478.84

1030.00
1252.74
1430.15
1585.83
1925.37
1445.79

1110.23
1301.34
1407.56
1664.34
1967.81
1492.60

1225.59
1349.18
1501.93
1682.64
2118.03
1542.92

540.43 556.80 557.52 556.99 594.63 593.84 595.32 561.67 602.76 596.41 608.94 636.58 619.65 625.85 681.21 703.19 709.82 679.61 718.97 792.36
724.18 725.32 726.04 745.26 766.70 752.94 750.47 764.29 787.22 789.83 807.02 827.41 857.89 841.52 869.21 890.37 928.32 902.43 910.86 983.94
780.35 917.03 798.69 814.16 816.09 815.55 816.91 816.50 844.89 838.82 849.31 867.10 873.24 863.55 878.46 901.06 944.53 924.73 943.07 1052.37
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 1205.68 1260.47
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 1334.54 1441.69
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 1032.66 1100.97

757.10
1017.75
1048.38
1342.47
1506.48
1155.20

796.20
1003.25
1054.85
1277.67
1486.25
1123.56

846.10
1046.10
1073.07
1319.00
1529.28
1162.71

862.06
1088.19
1121.69
1405.67
1648.53
1216.96

941.04
1132.98
1190.20
1438.28
1698.30
1269.46

890.62
1132.00
1154.41
1439.09
1673.83
1266.47

869.49
1163.37
1203.41
1486.82
1706.44
1304.15

988.60
1191.17
1216.22
1511.81
1755.01
1328.60

645.74 676.71 628.95 645.61 656.95 655.70 677.32 674.53 706.77 695.27 710.79 773.67 765.09 770.85 778.51 809.86 823.49 816.49 870.47
770.94 756.42 770.29 787.18 798.11 795.33 799.90 799.50 819.58 822.47 838.93 856.38 866.10 848.30 868.14 889.81 918.82 921.44 944.58
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 1003.96
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 1275.91
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 1473.59
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 1073.63

892.57
1006.14
1078.38
1369.60
1591.57
1145.49

914.50
1034.51
1105.34
1383.44
1635.19
1168.65

977.66
1061.91
1138.31
1424.79
1692.20
1203.87

1003.97
1121.21
1191.79
1492.88
1787.96
1265.28

1032.75
1149.30
1217.39
1516.37
1758.19
1291.85

1060.63
1148.28
1217.77
1508.34
1808.21
1291.89

1046.67
1169.61
1236.48
1542.56
1841.36
1315.39

1151.07
1217.53
1281.94
1604.44
1910.72
1370.96

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

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

885.00
1005.37
1170.55
1329.91
1605.32
1186.34

896.00
1032.08
1218.70
1412.23
1704.51
1242.74

810.59
1045.16
1110.98
1439.82
1583.28
1194.19

4th

1048.55
1070.57
1155.58
1428.48
1644.45
1227.76

835.00
908.53
1038.55
1180.02
1474.66
1055.12

893.42
1041.22
1084.64
1412.06
1568.64
1194.57

3rd

832.25
1059.93
1121.06
1412.58
1579.45
1198.13

570.00
874.91
1011.95
1144.54
1406.91
1027.15

864.99
991.77
1085.71
1354.92
1526.98
1150.02

2nd

2016

2nd

868.49
971.61
1056.15
1273.80
1472.61
1103.61

1st

2015
1st

816.43
1017.54
1059.78
1272.76
1512.71
1115.69

4th

2014
4th

852.01
962.03
1012.48
1267.41
1455.25
1091.12

3rd

900.00
1057.44
1218.95
1371.85
1644.69
1235.84

930.00
1088.18
1194.11
1352.49
1636.38
1236.83

939.56
981.36
1051.35
1338.16
1548.50
1117.12

3rd

4th

Average Rents by Age of Building by County


(In Dollars)
2009
County

Year Built

Adams

To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up

Arapahoe

Boulder/
Broomfield

Denver

Douglas

Jefferson

Metro
Average

3rd

2010
4th

2011
2nd

2012
3rd

4th

1st

2nd

2013
3rd

4th

3rd

4th

1st

644.23
578.99
781.06
830.75
937.69
1060.66

515.91
659.71
790.89
821.40
937.45
1082.15

550.00
778.76
782.74
867.57
972.69
1077.86

560.00
670.43
756.47
868.24
952.81
1080.48

560.00
784.93
755.42
860.01
964.22
1081.40

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
1093.13 1072.05 1109.65

585.00
734.60
695.41
1007.29
990.91
1112.73

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
1137.99 1101.71 1084.58

650.00
764.94
729.19
862.67
1053.79
1089.36

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
1133.24 1169.24 1130.38

725.00
839.80
795.08
969.56
1138.73
1139.25

720.00 740.00 740.00


868.69 943.82 924.02
785.57 843.78 914.97
982.59 1129.01 1118.81
1216.03 1250.27 1262.42
1200.76 1236.21 1282.98

977.50
691.38
663.08
741.60
1042.55
1080.77

847.98
654.48
635.02
719.54
1028.47
1069.00

937.07
675.93
696.05
749.09
1003.76
1074.41

918.89
653.04
700.78
763.15
1018.85
1092.88

991.33
672.76
690.95
781.12
1045.47
1143.65

984.33
695.24
669.45
784.24
1105.65
1142.58

665.63
687.13
669.78
794.32
1032.12
1146.39

688.14 713.63 694.65


665.29 670.85 678.31
768.30 792.47 789.20
1100.00 1120.57 1123.27
1128.07 1095.07 1129.71

651.03
686.20
797.99
1134.34
1139.66

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
1167.70 1165.76 1177.73

643.33
739.85
724.74
839.55
1141.40
1195.42

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
1194.36 1226.11 1234.94

778.10
806.54
777.77
921.06
1245.98
1238.11

787.70 766.55 860.90


832.42 871.51 948.14
816.87 858.82 877.17
975.89 1035.39 1035.74
1303.08 1352.23 1342.04
1296.46 1315.14 1310.89

841.25
883.70
772.83
848.40
1014.68
1183.98

841.25
898.31
768.09
862.21
1026.18
1110.44

731.57
904.31
760.80
874.26
1038.47
1111.03

733.13
890.03
734.14
881.07
1125.50
1141.78

625.00
873.54
760.25
902.00
1116.94
1145.41

700.22
906.04
817.73
897.23
1108.35
1086.65

700.22
969.17
814.87
935.11
1094.47
1116.89

701.30 641.67 748.26


972.20 1039.59 990.40
822.44 824.73 791.05
934.82 951.19 955.20
1090.26 1122.24 1127.70
1155.28 1109.54 1155.60

741.39
1010.84
852.21
954.12
1203.55
1171.67

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
1188.05 1223.11 1135.95

796.17
999.53
948.56
1049.42
1257.37
1215.34

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
1276.38 1283.28 1289.42

668.60
1073.63
1024.01
1104.00
1314.05
1301.41

735.00 819.43 735.00


1165.91 976.90 1076.47
973.62 990.78 1009.93
1141.01 1248.36 1198.07
1378.75 1377.68 1399.62
1324.81 1483.74 1423.26

725.88
693.78
677.37
839.14
1184.72
1212.47

707.25
718.62
665.19
841.72
1185.93
1235.51

721.40
728.03
727.01
883.84
1045.51
1262.53

720.47
723.79
707.40
919.35
1064.16
1296.37

732.15
728.36
704.16
898.54
1080.01
1267.31

701.22
724.62
710.00
906.87
1089.37
1251.48

689.70
722.99
717.55
901.96
1114.47
1240.65

656.49 675.55 759.48


718.51 749.35 765.14
722.06 749.55 725.94
895.76 920.78 931.85
1114.45 1132.67 1190.85
1262.66 1320.46 1276.60

718.77
775.13
754.15
982.62
1222.41
1277.89

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
1336.19 1379.61 1504.08

774.05
845.42
791.36
1031.93
1194.53
1385.84

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
1389.92 1419.21 1378.51

920.45
883.22
820.95
1097.33
1241.42
1451.39

910.95 926.42 954.17


887.41 893.56 970.78
856.07 877.54 910.96
1211.73 1172.72 1201.99
1314.45 1438.66 1433.33
1501.08 1495.39 1551.68

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

983.70 985.93 1062.57


1180.77 1203.10 1216.23
1121.54 1130.94 1142.81

1083.58
1223.35
1217.38

835.00
1097.50 1034.47 1083.59
1276.35 1271.72 1241.62
1328.22 1289.88 1291.73

1083.75
1285.21
1300.06

1192.26 1229.78 1260.77


1477.31 1498.26 1488.82
1334.20 1374.78 1412.84

641.62
715.95
684.09
795.71
969.84
1035.24

629.42
740.46
767.30
801.35
968.28
1031.46

627.49
760.68
702.15
833.10
920.94
1003.23

609.05
720.27
723.44
823.04
934.27
1063.70

549.76
733.27
741.34
829.12
993.82
1067.76

553.90
731.91
756.20
817.26
991.99
1004.34

605.94
714.94
758.48
819.55
1012.03
1071.59

658.59 642.99 795.18


729.94 743.55 740.44
747.63 769.27 776.27
809.22 844.17 846.08
1022.95 1035.71 1051.52
1095.60 1131.94 1110.45

690.40
733.65
777.94
852.94
1085.61
1140.97

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
1159.81 1198.49 1204.21

752.26
790.53
808.00
955.22
1124.29
1246.72

714.34 739.86 736.13


805.78 825.39 852.72
819.89 851.76 867.64
1030.82 1047.29 1024.92
1149.35 1172.89 1146.30
1250.84 1269.67 1312.81

763.11
850.58
901.49
1057.96
1175.32
1347.46

774.68 747.07 865.50


879.82 909.92 867.50
933.99 970.25 965.81
1108.25 1194.23 1155.63
1297.65 1299.81 1275.49
1231.64 1374.14 1335.20

721.13
758.84
685.39
785.04
1027.48
1128.07

700.98
710.72
692.89
775.80
1024.00
1111.09

720.01
721.88
724.87
808.84
999.75
1124.93

717.43
715.21
721.66
822.03
1033.69
1163.45

721.60
731.96
722.10
828.80
1063.00
1167.99

691.21
736.07
723.48
832.74
1074.10
1159.76

681.17
751.66
725.13
837.66
1043.00
1168.47

656.79 672.46 759.38


734.12 760.50 768.79
713.37 732.96 727.89
823.75 861.51 847.68
1070.34 1086.02 1096.80
1173.62 1184.03 1176.75

717.34
765.84
735.90
886.41
1129.44
1180.23

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
1210.92 1223.89 1234.24

772.61
818.76
770.35
905.51
1159.70
1233.17

820.33 815.34 844.20


824.18 841.73 858.50
771.44 796.31 821.11
940.47 971.11 964.44
1201.11 1219.24 1226.37
1271.34 1302.04 1284.55

893.72
870.22
834.33
987.65
1238.13
1315.62

887.92 897.83 939.17


880.90 899.30 962.50
856.38 888.47 920.05
1054.31 1104.52 1100.00
1322.41 1358.91 1353.86
1360.63 1381.90 1416.13

II-17

2nd

3rd

4th

1st

2nd

2015

2nd

473.46
590.24
688.69
805.77
874.99
984.16

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.

1st

2014

1st

547.11
968.27
677.97
798.01
876.24
1052.70

3rd

4th

2016

1st

2nd

3rd

4th

1st

2nd

1059.64
903.35
1103.75
1316.32
1333.69
1346.26
818.96
857.86
903.19
1068.43
1384.60
1309.18
1622.24
815.35
1097.26
1035.55
1184.92
1368.17
1333.71
1651.63
992.28
964.93
928.43
1242.19
1401.51
1477.13
1764.58

1061.27
952.41
1207.19
1325.43
1333.52
1442.74
860.26
1036.46
930.67
1142.75
1438.66
1396.62
1520.82
1045.00
1118.70
1098.61
1344.12
1473.42
1465.83
1749.10
1035.41
1064.63
986.65
1306.56
1446.89
1587.71
1829.53

1094.06
1033.98
1204.82
1366.76
1376.46
1431.06
825.83
1009.22
975.80
1150.67
1404.90
1424.97
1606.93
1376.63
1061.45
1133.47
1268.00
1594.48
1483.25
1868.02
1011.10
1054.27
993.91
1293.48
1485.76
1547.30
1802.17

1062.89
1016.16
1184.53
1345.39
1315.90
1378.03
893.19
1076.09
966.11
1132.78
1445.66
1431.00
1585.38
875.57
1102.35
1391.20
1225.71
1552.45
1436.50
1694.77
1043.54
1102.08
1020.31
1298.97
1448.57
1519.18
1859.47

1108.69
1098.29
1278.00
1352.60
1378.96
1458.07
873.60
1067.15
963.06
1154.82
1449.84
1440.45
1641.60
727.00
1166.36
1193.28
1249.72
1484.92
1414.91
1728.17
1096.05
1177.90
1013.91
1359.87
1546.42
1540.95
1790.52

1146.14
1084.50
1330.53
1454.44
1442.01
1667.65
874.12
1148.18
1035.72
1191.47
1533.75
1498.07
1700.16
916.30
1157.07
1203.58
1295.77
1555.88
1483.43
1705.85
1163.85
1179.06
1030.87
1406.71
1562.59
1618.18
1856.94

1273.39
1450.76
1378.90
1545.72
847.45
959.37
983.68
1177.30
1338.92
1346.65
1499.24
964.64
971.33
933.04
1129.27
1374.88
1366.30
1649.39

1298.14
1600.14
1438.00
1611.15
897.39
987.17
986.85
1215.17
1397.70
1452.38
1560.95
1012.77
1049.78
970.23
1202.91
1437.37
1441.85
1697.05

1348.39
1567.03
1439.20
1613.73
972.64
1037.69
1079.22
1277.28
1388.83
1444.07
1629.81
997.46
1044.00
1016.16
1212.61
1464.79
1450.83
1729.72

1370.08
1496.41
1410.68
1492.75
928.99
957.66
1091.68
1246.16
1347.89
1462.02
1596.41
1017.17
1087.09
1022.60
1194.64
1439.35
1429.57
1713.77

830.00
1373.14
1524.90
1483.62
1514.21
946.61
1025.56
1092.56
1294.69
1439.47
1488.62
1570.03
1066.42
1147.48
1032.76
1240.63
1471.28
1459.76
1702.10

1306.62
1602.09
1519.77
1588.23
994.27
1018.51
1123.73
1288.71
1442.15
1560.55
1649.61
1120.85
1163.46
1062.42
1275.62
1525.25
1517.33
1756.88

3rd

4th

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

2009
3rd

2010
4th

1st

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

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

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

2nd

2011
3rd

4th

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

1st

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

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
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

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
487.50

487.50

548.21

523.21

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

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

2nd

2014
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

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

1st

2nd

2015
2nd

2016

3rd

4th

1st

3rd

4th

1st

785.49
731.56
868.38
1025.28
998.58
714.67
748.48
999.18
882.78
1089.26
1015.63
792.98
1115.12
1118.82
1291.53
1204.42
1266.49
749.47
922.48
962.17
1102.65
1197.56
1055.63

1390.00
741.49
771.02
869.74
1065.48
1054.62
685.18
720.31
928.84
888.61
1179.36
1045.02
851.32
1122.10
1002.96
1323.78
1219.84
1341.49
797.47
951.30
947.85
1133.09
1184.64
1139.77

1390.00
798.83
820.46
920.76
1139.81
1033.38
700.37
757.28
994.04
954.68
1196.29
1097.45
905.93
1090.11
1173.98
1279.51
1286.38
1352.55
840.06
960.41
975.22
1116.41
1190.65
1097.81

1411.00
770.84
818.26
956.42
1174.76
1068.11
649.33
836.42
1085.48
984.26
1177.53
1116.98
852.63
1100.30
1214.14
1315.90
1348.83
1349.46
777.29
974.99
1000.07
1242.20
1255.40
1174.62

1411.00
761.51
901.81
972.18
1186.81
1121.10
780.37
798.40
1039.21
1017.02
1256.77
1137.03
851.84
1113.43
1335.69
1327.04
1392.09
1291.03
780.84
986.01
1028.57
1285.73
1272.43
1213.70

1411.00
783.54
890.47
975.61
1250.62
1179.66
871.57
860.27
1057.86
1052.08
1308.64
1210.13
980.93
1238.51
1472.31
1603.11
1411.48
1428.38
860.30
1046.65
1109.62
1319.02
1381.24
1238.41

1411.00
759.07
857.07
1097.49
1257.36
1200.88
767.65
849.51
1122.59
1030.37
1305.46
1227.47
1169.93
1302.63
1550.27
1663.51
1471.77
1504.79
808.11
920.49
1036.33
1322.80
1377.06
1254.23

1432.00
900.89
803.21
1096.99
1243.93
1189.75
1155.25
831.78
1227.08
1025.76
1346.62
1181.08
920.96
1101.51
1531.40
1632.58
1454.23
1509.89
861.09
1093.24
1186.20
1312.62
1426.00
1269.59

1213.39
897.55
1153.94
1320.72
1230.09
820.42
848.28
1121.26
1051.02
1336.76
1210.83
878.65
1114.25
1552.76
1776.80
1474.25
1397.68
1011.93
1153.83
1234.75
1311.81
1421.36
1302.05

1213.39
826.52
1179.06
1355.40
1307.36
1067.14
887.92
1198.80
1108.20
1404.67
1270.35
959.89
1119.55
1703.73
1673.11
1487.84
1520.80
1054.46
1168.97
1221.01
1421.11
1484.39
1358.02

1303.90
1234.81
797.35
852.46
835.80
908.93
1089.39
1091.54
765.47
897.89
957.29
997.36
1132.06
1065.30

1415.18
1311.37
800.07
1208.51
906.35
968.26
1140.01
1152.92
796.76
971.94
918.26
1016.09
1178.41
1124.95

1440.57
1332.10
985.17
875.05
930.38
949.42
1183.05
1292.80
899.30
921.08
975.42
1036.68
1208.15
1149.01

1427.31
1350.72
846.26
879.13
905.08
998.63
1136.64
1231.87
815.98
940.99
1004.59
1095.50
1225.14
1174.82

1442.61
1376.79
884.42
890.00
942.78
1037.51
1169.92
1282.14
836.16
944.26
1038.83
1124.92
1265.13
1201.89

1585.23
1436.03
1171.36
944.04
1028.67
1055.59
1206.23
1368.94
1058.20
1006.10
1106.91
1175.19
1330.45
1263.46

1561.62
1422.86
966.31
968.09
1058.36
1180.51
1278.09
1353.23
951.15
938.47
1133.40
1208.45
1351.41
1283.66

1482.61
1414.23
946.16
911.83
1052.42
1193.52
1304.64
1323.67
931.00
1033.40
1200.03
1219.17
1369.17
1264.22

830.00
1540.80
1522.86
1470.25
1027.27
962.63
1083.19
1189.54
1335.88
1382.89
980.73
1095.81
1184.88
1244.18
1387.70
1293.50

1341.63
1597.41
1517.16
1062.53
974.72
1106.65
1219.45
1375.44
1393.19
1044.41
1110.44
1253.35
1300.39
1438.14
1353.70

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

2nd

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

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

3rd

4th

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

2006
3rd 4th
1.09 1.11
1.04 1.02
0.91 0.91
0.96 0.94
0.94 0.93
0.98 0.97
1.15 1.10
1.02 0.99
0.89 0.87
0.93 0.92
0.89 0.91
0.97 0.95
1.77 1.66
1.20 1.18
0.92 0.93
1.14 1.10
0.84 0.97
1.12 1.11
1.37 1.32
1.15 1.09
0.99 0.96
0.97 0.96
0.93 0.95
1.10 1.06
1.05 1.35
1.09 1.08
1.05 1.04
1.02 1.01
1.01 0.95
1.05 1.04
1.20 1.04
1.06 1.07
0.89 0.88
0.95 0.95
0.92 0.94
0.98 0.99
1.32 1.28
1.08 1.05
0.93 0.92
0.97 0.96
0.92 0.93
1.02 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

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

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

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

1st
1.55
1.27
1.15
1.14
1.17
1.21
1.53
1.25
1.10
1.13
1.12
1.19
2.05
1.54
1.27
1.33
1.29
1.42
1.72
1.41
1.16
1.30
1.12
1.36
1.57
1.34
1.29
1.22
1.24
1.29
1.71
1.31
1.10
1.19
1.14
1.22
1.69
1.33
1.15
1.20
1.16
1.27

2014
2nd
3rd
1.23 1.22
1.31 1.37
1.16 1.23
1.20 1.22
1.18 1.26
1.24 1.29
1.47 1.65
1.30 1.35
1.15 1.18
1.18 1.23
1.19 1.23
1.24 1.29
2.04 1.78
1.55 1.64
1.30 1.33
1.38 1.43
1.29 1.25
1.44 1.50
1.78 1.85
1.46 1.48
1.22 1.24
1.35 1.37
1.17 1.16
1.41 1.44
1.85 1.66
1.44 1.47
1.36 1.38
1.30 1.34
1.30 1.38
1.38 1.41
1.74 1.84
1.39 1.45
1.15 1.22
1.25 1.29
1.21 1.26
1.29 1.34
1.70 1.77
1.38 1.43
1.19 1.24
1.25 1.29
1.21 1.25
1.32 1.36

4th
1.32
1.40
1.26
1.26
1.31
1.33
1.73
1.38
1.21
1.24
1.26
1.31
2.18
1.70
1.38
1.42
1.29
1.55
1.90
1.55
1.28
1.42
1.31
1.51
1.81
1.49
1.40
1.34
1.37
1.42
1.78
1.42
1.22
1.24
1.23
1.31
1.84
1.47
1.26
1.30
1.28
1.39

1st
1.38
1.47
1.33
1.29
1.36
1.39
1.79
1.42
1.27
1.29
1.32
1.36
2.20
1.69
1.41
1.40
1.28
1.54
1.96
1.57
1.32
1.45
1.33
1.54
2.10
1.50
1.44
1.35
1.36
1.43
1.84
1.47
1.25
1.28
1.27
1.36
1.90
1.50
1.31
1.34
1.32
1.43

2015
2nd
3rd
1.46 1.41
1.51 1.58
1.37 1.41
1.31 1.37
1.41 1.35
1.42 1.48
1.81 1.94
1.49 1.52
1.33 1.34
1.35 1.36
1.35 1.32
1.42 1.44
2.41 2.15
1.81 1.88
1.50 1.49
1.57 1.61
1.47 1.51
1.68 1.73
2.06 2.04
1.67 1.65
1.38 1.36
1.51 1.48
1.36 1.28
1.62 1.58
2.24 1.89
1.61 1.58
1.50 1.51
1.41 1.43
1.45 1.41
1.52 1.51
1.87 1.90
1.54 1.60
1.32 1.40
1.37 1.39
1.35 1.37
1.44 1.48
1.98 1.98
1.58 1.61
1.37 1.39
1.40 1.42
1.38 1.35
1.50 1.52

4th
1.38
1.53
1.39
1.35
1.37
1.44
2.00
1.51
1.34
1.35
1.35
1.44
2.30
1.80
1.54
1.54
1.44
1.67
2.11
1.69
1.42
1.50
1.40
1.64
1.87
1.58
1.48
1.40
1.43
1.49
1.75
1.58
1.36
1.38
1.36
1.46
2.04
1.61
1.40
1.41
1.38
1.52

1st
1.52
1.61
1.44
1.38
1.48
1.50
2.07
1.52
1.36
1.39
1.37
1.46
2.38
1.79
1.51
1.52
1.44
1.66
2.08
1.71
1.41
1.51
1.38
1.65
2.05
1.64
1.46
1.47
1.44
1.55
1.82
1.62
1.41
1.42
1.38
1.50
2.06
1.64
1.41
1.44
1.41
1.55

2016
2nd
3rd
1.81
1.66
1.46
1.44
1.50
1.55
2.10
1.59
1.44
1.43
1.42
1.52
2.44
1.81
1.53
1.55
1.47
1.67
2.22
1.76
1.47
1.58
1.40
1.71
2.26
1.71
1.53
1.49
1.55
1.60
2.00
1.66
1.44
1.44
1.42
1.54
2.19
1.69
1.46
1.49
1.46
1.60

4th

Average Rent Per Square Foot by Apartment Unit Size by County


(In Dollars)

County

Apartment
Size (Sq. Ft)

Adams

2006

2007

2008

2009

2010

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

499 below

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

500 to 749

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

750 to 999

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

1000 above

0.96

0.95

0.96

0.99

0.97

0.96

0.95

1.03

1.01

1.00

0.98

0.98

499 below

1.07

1.03

1.10

1.16

1.14

1.11

1.02

1.09

1.13

1.16

1.17

500 to 749

0.97

0.95

0.94

0.98

1.00

1.00

1.01

1.02

1.02

1.00

1.02

750 to 999

0.97

0.95

0.94

0.95

0.95

0.94

0.95

0.96

0.97

0.99

1000 above

0.94

0.94

0.91

1.01

0.93

0.93

0.94

0.93

0.96

Boulder/
499 below
Broomfield
500 to 749

1.34

1.38

1.40

1.36

1.43

1.39

1.34

1.39

1.18

1.19

1.21

1.17

1.19

1.22

1.24

1.30

750 to 999

1.06

1.03

1.02

1.05

1.01

1.04

1.03

1.04

Arapahoe

Denver

Douglas

Jefferson

Metro
Average

2nd

2011
3rd

4th

2012

1st

2nd

3rd

1.25

1.49 1.36 1.23 1.24

1.23

1.04

1.11

1.12 1.13 1.12 1.15

0.91

1.01

1.01 1.03 1.02 1.03

0.94

0.88

0.98

1.15

1.16

1.10

0.99

0.99

0.98

0.98

0.95

0.98

0.96

0.94

0.94

1.39

1.43

1.40

1.31

1.29

1.30

1.09

1.08

1.06

4th

2013

1st

2nd

3rd

1.28

1.38 1.29

1.35

1.09

1.24

1.18 1.21

1.02

1.07

1.02 1.07

0.99 1.01 1.00 1.00

1.02

1.02

1.45

1.48 1.41 1.18 1.18

1.20

1.03

1.04 1.05 1.04 1.05

1.03

0.96

0.97

0.98 1.01 1.02 1.00

0.96

0.94

0.93

1.61

1.42

1.39

1.31

1.31

1.27

1.07

1.07

1.05

4th

2014

1st

2nd

3rd

1.33

1.38 1.46

1.33

1.15

1.15

1.13 1.18

1.04

1.05

1.05 1.07

1.02 1.03

1.02

1.04

1.20

1.23 1.25

1.26

1.05

1.06 1.08

1.10

1.01

1.02

1.03 1.05

0.96 1.00 1.01 0.99

1.00

1.00

1.42

1.43 1.44 1.60 1.47

1.54

1.25

1.25 1.26 1.28 1.33

1.32

1.06

1.11 1.12 1.12 1.14

1.14

4th

2015

1st

2nd

3rd

1.35

1.39 1.62

1.44

1.21

1.24

1.24 1.28

1.10

1.12

1.13 1.17

1.03 1.06

1.10

1.14

1.31

1.31 1.35

1.39

1.11

1.10 1.13

1.15

1.06

1.08

1.07 1.08

1.01 1.02

1.07

1.09

1.56

1.63 1.62

1.74

1.36

1.38 1.41

1.43

1.14

1.16 1.18

1.21

4th

2016

1st

2nd

3rd

1.42

1.65 1.70

1.85

1.30

1.38

1.39 1.49

1.20

1.24

1.29 1.32

1.10 1.15

1.21

1.24

1.42

1.41 1.46

1.52

1.20

1.19 1.23

1.28

1.13

1.15

1.15 1.18

1.06 1.07

1.10

1.13

1.81

1.70 1.68

1.73

1.47

1.48 1.51

1.54

1.28

1.25 1.29

1.33

4th

1st

2nd

1.82

1.77 1.41

1.86

1.54

1.59

1.56 1.65

1.65

1.36

1.44

1.41 1.47

1.54

1.28 1.30

1.33

1.35

1.32 1.38

1.45

1.61

1.73 1.79

1.81

1.98

1.94 1.91

2.12

1.33

1.37 1.42

1.48

1.51

1.49 1.52

1.59

1.22

1.29

1.30 1.34

1.42

1.43

1.43 1.43

1.51

1.10 1.14

1.19

1.22

1.24 1.30

1.35

1.35

1.35 1.38

1.43

1.64

1.88 1.85

1.91

1.96

2.05 2.04

2.04

2.09

2.36 2.27

2.19

1.53

1.53 1.61

1.65

1.65

1.68 1.70

1.86

1.84

1.84 1.81

1.86

1.37

1.40 1.41

1.41

1.49

1.56 1.58

1.68

1.76

1.72 1.71

1.73

1000 above

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 1.26

1.32

1.36

1.37 1.34

1.50

1.56

1.48 1.47

1.51

499 below

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 1.75

1.77

1.83

1.94 1.95

2.10

2.06

2.12 2.18

2.31

500 to 749

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 1.40

1.44

1.49

1.56 1.61

1.68

1.66

1.70 1.72

1.79

750 to 999

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 1.32

1.40

1.38

1.43 1.46

1.57

1.57

1.62 1.61

1.68

1000 above

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 1.26

1.26

1.32

1.40 1.41

1.46

1.42

1.47 1.48

1.55

500 to 749

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 1.40

1.52

1.56

1.54 1.64

1.79

1.68

1.62 1.72

1.80

750 to 999

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 1.33

1.42

1.44

1.47 1.49

1.58

1.56

1.55 1.60

1.67

1000 above

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 1.23

1.31

1.35

1.35 1.36

1.43

1.44

1.42 1.46

1.50

499 below

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 1.71

1.91

1.97

1.91 2.00

1.97

2.03

1.93 1.95

1.97

500 to 749

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 1.29

1.36

1.43

1.43 1.47

1.54

1.61

1.59 1.63

1.66

750 to 999

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

1.17 1.19

1.27

1.34

1.30 1.35

1.42

1.46

1.45 1.49

1.54

1000 above

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 1.16

1.22

1.25

1.20 1.25

1.32

1.35

1.34 1.38

1.40

499 below

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 1.69

1.73

1.82

1.91 1.93

2.00

2.04

2.08 2.10

2.22

500 to 749

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

1.29 1.32

1.36

1.42

1.46 1.51

1.58

1.60

1.61 1.64

1.70

750 to 999

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 1.25

1.30

1.34

1.36 1.40

1.48

1.51

1.52 1.53

1.60

1000 above

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 1.19

1.24

1.27

1.30 1.33

1.39

1.40

1.40 1.43

1.48

499 below

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

3rd

4th

Rental Losses from


Discounts/Concessions, Models, Delinquents, and Bad Debts
(In Percent)
Average Rent Minus Rental Losses Equals Effective Rent
2006
Building Type

2008

2007

3rd

4th

1st

2nd

3rd

4th

1st

2009

2010

2nd

3rd

4th

1st

2nd

3rd

26.9

8.0

24.2

4th

2012

2011

2013

2014

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

4.6

0.1

5.5

2.4

2.4

2nd

2015

2016

3rd

4th

1st

2nd

3rd

4th

1st

2nd

0.9 11.9

Size
Up to 8

4.1

0.3

6.6

22.2

1.2 15.3 13.9 16.6

3.9

7.1

6.4

3.4

9.9

4.7

2.1

3.8

5.2

4.2

5.2

2.7

6.4

-2.1

2.9

0.8

1.7

31.8

5.4

7.5

3.9

5.3

9 - 50

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

4.4

5.2

6.8

5.2

4.7

5.6

2.5

5.7

5.1

4.9

51 - 99

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

3.4

2.4

6.7 12.1

7.9

4.4

9.4 10.4

9.9

6.1

3.6

100 - 199

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

4.2

5.6

8.5

8.4

8.1

9.2

8.8

8.0 12.3

11.6

7.9

7.9

200 to 349

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

9.2 11.6

6.1

7.4

10.4

9.3

7.6 11.8

350 up

17.9 17.7

18.4

11.3

13.3

9.1

6.6

7.0

13.4

9.0

11.5 11.2

15.5

9.8

12.6

12.9

8.4 10.8

11.0

11.9

9.7

5.6

10.9

6.1

8.5

9.1

2.8

5.2

4.6

3.8

6.6

8.2

9.6

8.7

9.7 10.9 11.0 10.4

8.7

-3.1 10.5

10.5

7.0

4.5

4.7

6.5

13.6

10.0

8.0

10.0

9.2

13.1

5.6

8.3

10.3

6.7

12.2

7.5

8.4

6.1

5.0

Age
6.7

7.2

1960-69

10.9

6.0

1.9

1970-79

To 1959

13.6 12.0

10.6

6.5

10.8 12.1

9.2

6.6

1980-89

16.9 16.4

13.6

1990-99

17.3 15.4

18.2

2000-09

20.1 18.1

6.6

5.8

8.4

1.4

15.3 10.6 12.8 15.5 15.5


7.8 10.0 10.9

2.9

3.1

8.5

4.9

4.4

4.6

6.2

5.3 12.8

6.3

9.2

6.4

7.9

5.4 10.5

10.4

8.6

16.9

4.2

7.7

9.6

6.5

9.4

7.9

5.7

6.6

5.6

3.0

4.6

5.6

5.6

2.9

2.8

4.3

7.7

7.5

17.3 10.7

5.7

7.5

4.5

9.3

14.8 11.1

8.3

9.2

10.4

8.3

5.6

10.7

9.4

9.1 11.2

5.9 17.7

6.9

5.1

7.6

8.5

9.7

8.4

10.6 10.5

6.7

9.7

6.9

6.7

9.6

13.2

9.8

7.9

13.7

11.7

8.5 12.2

9.1

7.8

9.8

6.4

7.7

7.7

6.1

7.0

10.0

8.9

9.2 14.9

9.7

6.2

8.0

3.3

7.3

7.7

12.3

8.6

7.5

11.1

9.2

8.1

8.4

9.7

10.5

7.2

7.1

8.1

7.3

7.0

7.4

10.1 11.7

6.5

6.7

8.6

13.1 10.5

17.4

14.0

18.3 11.2 15.0

15.2

10.5

9.5

9.9

11.4

10.1

4.9

5.6

11.3

7.0

8.6

6.7

8.3

7.4

8.2

12.4 10.7

6.5

8.4

12.2 12.2 10.8 10.8 12.2

14.3

9.1

7.9

11.1 12.0 12.0

9.7

11.5 11.2

3.5

18.1 14.8

7.3 23.3

9.3

7.7

20.8

8.2

4.2

18.2 13.6

5.0

2.7

5.7

11.9

4.2

4.8

5.9

8.7

8.1

2010 up

7.9

1.9

4.9

12.1 11.3

2.7

10.2

7.6

7.8

7.3

3.0

7.2

2.8

7.2

7.4

4.5

6.2

8.1

9.0

5.2

6.5

8.6

10.0 12.6

22.8

8.4

7.9

County
Adams

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

14.4

4.2

8.6 11.0

9.7 14.6

5.6

3.4

9.6

Arapahoe

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

6.0

9.4 10.5

8.9

9.5

10.5 10.0

6.6

6.2

8.5
6.6

14.0 17.3

Boulder/Broomfield

19.5 17.3

17.6

12.3 10.5

9.5

8.7

7.0

7.7

5.5

4.0

7.2

8.3

5.3

3.9

7.5

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

7.3

8.9

8.8

1.6

5.1

11.1

9.8

2.9

7.1

Denver

16.8 14.6

13.6

10.8 10.6

7.9 11.6

9.8

15.4

7.4

10.2

8.9

13.8

9.2

7.7

9.7

13.3 10.4 10.6

12.3

10.3

9.2

7.7

8.3

7.8

9.5

7.2

6.1 10.9

6.9

9.5

8.5

5.8

9.1

8.7

8.9

4.5

5.7

6.7

7.2

Douglas

17.4 19.0

18.9

16.7 13.9 11.1

9.9

16.4 11.2

8.7

7.8

12.3

9.0

11.5

5.3

13.4

6.5

9.3

9.1

11.7

9.2

8.6

13.5

15.7

9.5

7.1

7.2

13.3

8.5

12.4 11.7

10.3

7.9

12.6

8.4

10.2

8.2

12.9

Jefferson

12.9 10.5

14.6

Average

16.3 15.3

14.3

8.4

7.2

10.4 14.2

14.6

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

4.3

9.5

7.9

5.9

8.7

8.8

8.8

5.5

8.5

5.8

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

6.9

9.3

9.1

8.7

9.7

10.0

8.6

6.1

6.7

8.2

7.8 10.7 11.6

II-21

8.8

3rd

4th

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

2006
3rd

4th

2007
1st

2nd

3rd

2008
4th

1st

2nd

3rd

2009
4th

1st

2nd

3rd

2010
4th

1st

2nd

2012

2011
3rd

4th

1st

2nd

3rd

4th

1st

2nd

2013
3rd

4th

1st

2nd

2015

2014
3rd

4th

1st

2nd

3rd

4th

1st

2nd

2016
3rd

4th

1st

2nd

Size (in units)


Up to 6
9 - 50

9.8
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

1.6

3.5

3.2

3.1

39.0

6.4

8.9

7.6

7.1

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

8.3

18.9

9.6

8.4

7.4

8.2

4.6

7.0

7.9

10.1

7.4 14.4

7.2

7.7

10.3 15.1

10.9

8.2

13.4 13.8

11.2

10.0

9.2

8.1

9.7

13.4

13.4 11.6

13.8

13.5

12.7 18.4

12.9

14.2

13.2

51 - 99

20.8 14.4 11.2 13.0 13.3

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

100 - 199

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

2.7 14.1

200 to 349

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

13.6

15.2 13.0

11.9

17.1

15.4 15.3

14.5

12.8

14.7

350 up

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

10.5

13.0 13.4

15.2

12.9

14.2 10.8

13.6

13.2

14.7

12.7 11.4

Age (year built)


To 1959

14.5 11.7 12.8 15.3 12.8 11.4 13.0

1960-69

21.0 12.5

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

19.7

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

7.7

7.6

7.5

8.8

9.9

11.0

10.4

7.9

7.6

6.6

10.2

20.6 13.6

8.7

17.0

16.2

16.0
12.5

1970-79

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

11.5

9.6

11.9 12.0

14.2

12.6

14.5 14.0

12.5

12.5

1980-89

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

10.8

14.3 13.1

13.0

18.4

13.2

7.2

12.2

8.5

12.2

1990-99

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

9.8

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

11.4

14.8 15.9

11.6

11.3

12.7 11.7

9.5

12.1

12.9

2000-09

34.3 28.5 20.5 28.4 22.7 16.0 21.6 32.9 32.5 21.3 30.1 27.3 30.1 25.5

27.4

21.6

26.9

19.8

23.8

21.7

16.4

15.8

15.1

16.0

14.6

11.1

13.1

16.0 11.9

15.7

15.2

14.7 12.4

14.7

11.2

11.7 13.3

10.1

12.0

13.2

28.8

27.0 30.6

27.8

22.6

22.4

2010 up
County
Adams

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

8.9

13.1 14.9

17.7

21.3

13.6 19.0

11.5

8.6

17.8

Arapahoe

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

10.4

14.1 15.1

13.7

14.4

15.4 15.5

13.9

12.5

13.8

Boulder/Broomfield

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

14.0

13.3 12.1

Denver

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

16.3

14.1

8.8

11.1

15.9 13.4

11.9

15.1

13.8

9.2

13.7

15.0

13.8

9.8

14.1

13.1

13.0

Douglas

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

12.2

16.2 15.4

14.3

12.5

16.0 12.8

20.6

17.0

21.4

Jefferson

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

7.7

13.2 11.1

9.7

11.9

12.2 13.9

11.1

13.4

10.4

Average

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

12.0

14.0 13.0

13.3

14.6

14.5 13.6

13.7

13.0

14.3

II-22

3rd

4th

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

966.69

1147.29

1263.64

1524.03

1844.95

1296.50

Arapahoe

978.25

1139.44

1252.10

1498.93

1899.14

1664.37

1298.76

1308.16

1356.71

1416.41

1723.35

2028.99

1586.89

1526.66

Boulder/Broomfield

1316.62

Denver

1188.79

1255.28

1285.27

1738.39

1936.51

1726.50

1391.37

Douglas

1225.59

1349.18

1501.93

1682.64

2118.03

2075.00

1542.92

Jefferson
Metro Average

988.60

1191.17

1216.22

1511.81

1755.01

1423.28

1328.60

1151.07

1217.53

1281.94

1604.44

1910.72

1549.92

1370.96

By Market Area
Adams County
Aurora-North

1225.00

1456.79

1343.75

1987.50

2187.50

1559.15

1061.54

1186.98

1441.43

1720.00

1238.16

725.99

1114.46

1279.67

1447.23

1715.93

1032.53

1170.98

1240.82

1607.84

2023.71

Commerce City
Northglenn/Thornton
Westminster

1296.50

1275.65
1356.97

Arapahoe County
Arapahoe County - South

1200.11

1339.40

1397.19

1634.28

2073.34

1544.00

1469.54

Arapahoe County - Southeast

1100.00

1373.12

1574.03

1678.41

2006.03

2395.00

1544.74

Aurora - Central Northeast

782.03

1013.38

1137.25

1354.39

1770.00

Aurora - Central Northwest

889.03

1013.43

1283.85

1311.82

1570.00

Aurora - Central Southeast

886.09

1052.11

1240.00

1314.81

1762.94

Aurora - Central Southwest

776.64

1040.68

1224.96

1422.37

1909.32

1191.73

1117.64

1215.25

1512.37

1800.01

426.47

1172.04

1437.85

1554.18

2012.83

1326.79

Glendale

1449.00

1260.71

1367.27

2012.01

2620.71

1515.07

Littleton

800.00

1267.97

1159.26

1545.16

2066.04

1380.84

Aurora - South
Englewood, Sheridan

1150.49
1146.33
1382.14

1193.62
1207.57

2035.00

1294.90

Boulder/Broomfield Counties
Boulder County - Other

1162.50

1376.80

1520.73

1665.66

2022.48

1714.00

1556.17

Broomfield

1196.00

1325.05

1427.63

1736.99

2008.66

1891.75

1504.04

1875.00

City of Boulder - Except University

1423.35

1473.67

1519.31

1913.25

2606.40

City of Boulder - University Area

1859.41

1836.48

1550.00

2423.45

2991.43

Longmont

1219.24

1223.82

1283.31

1446.33

1691.53

1662.15
2126.31

1358.68

1328.94

Denver City/County
Denver - Central/Capitol Hill

1085.18

1187.04

1628.44

1888.77

2802.14

1685.00

1316.32

Denver - Downtown

1376.14

1657.73

1741.62

2304.04

3092.32

3095.72

1802.07

Denver - East Central/Lowry

967.39

1305.21

1345.02

1811.06

2090.66

1760.00

1482.08

1019.65

1109.73

1197.60

1524.90

1980.73

1448.65

1232.82

Denver - North Central/City Park

932.86

1432.38

1407.50

2383.57

2645.45

Denver - Northeast

950.00

1078.14

1087.78

1448.27

1689.82

1237.50

1209.75

Denver - Northwest

1501.74

1704.83

1468.19

2282.38

1735.00

580.00

1801.29

Denver - South Central/Wash Park

1037.03

1205.69

1160.71

2028.70

3269.55

400.00

1441.04

850.13

1121.46

1141.61

1505.56

1180.22

1237.67

1244.50

1153.76

1265.96

1470.22

1767.69

875.00

1287.60

992.00

1016.88

1175.76

4195.00

1578.29

1766.80

1165.42

1032.34

1186.00

1306.50

1493.00

1225.59

1365.22

1518.65

1702.09

2125.88

2075.00

1560.89

Denver - Far Southeast

Denver - Southeast
Denver - Southwest
Denver - West Central

1675.14

Douglas County
Castle Rock
Douglas County - North

1167.25

Jefferson County
Arvada

1341.40

1223.88

1122.17

1706.94

1759.05

1699.00

1359.37

Golden

710.80

1437.75

1287.13

1722.54

1464.69

2150.46

1592.97

Lakewood - North

813.35

1101.48

1218.82

1443.30

1606.56

1262.96

1228.74

Lakewood - South

1293.06

1244.50

1314.49

1499.84

1842.69

1420.97

1389.77

716.18

846.66

971.22

1006.01

1141.13

1036.17

927.20

Wheat Ridge

II-23

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

781.67

1581.36

1095.00

Boulder/Broomfield

560.00

898.75

1223.33

1233.33

1445.00

Denver

550.00

815.00

1159.23

2550.00

Jefferson

510.00

982.54

1077.30

Metro Average

528.00

878.05

1187.42

1649.17

810.00

1083.33

1095.00

1445.00

1303.50
1008.00

2345.63

490.00

1285.12

1334.40

3200.00

1104.80

1749.95

1393.33

1175.62

Douglas

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

1047.50

Arapahoe County - Southeast


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

2700.00

2700.00

725.00

836.25

799.17

978.75

1187.50

1048.33

Aurora - South
Englewood, Sheridan
Glendale
Littleton
Boulder/Broomfield Counties
Boulder County - Other
Broomfield
City of Boulder - Except University

878.33

1233.33

1055.83

City of Boulder - University Area


Longmont

560.00

640.00

1295.00

831.67

Denver City/County
Denver - Central/Capitol Hill

1001.25

3250.00

2819.00

2135.00

1200.00

780.00

Denver - Downtown
Denver - East Central/Lowry
Denver - Far Southeast
Denver - North Central/City Park

675.00

Denver - Northeast
Denver - Northwest

550.00

Denver - South Central/Wash Park

834.00

1339.29

675.00

1247.50

1850.00

1735.00

580.00

1176.18

400.00

849.00

Denver - Southeast
Denver - Southwest
Denver - West Central

800.00

800.00

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

510.00

885.00

1147.78

1164.00

1555.00

706.50

973.64

1000.00

1250.00

1350.00

1104.67
3200.00

1330.50

1241.82
1046.16

Lakewood - South
Wheat Ridge

II-24

1166.67

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
1100.00

1250.00

1295.00

1510.00

1213.39

Arapahoe

Adams
532.92

850.88

894.16

1195.19

1397.42

900.28

Boulder/Broomfield

697.50

938.35

1550.00

1486.88

Denver

913.03

1065.12

1333.37

1859.91

2866.19

851.72

997.80
1178.64

Douglas
Jefferson

742.96

860.18

955.53

1001.74

1235.53

1142.50

936.66

Metro Average

853.60

1029.92

1179.82

1603.48

2345.73

1023.33

1117.82

1100.00

1250.00

1295.00

1510.00

1213.39

1010.00

1204.00

1664.00

1270.13

901.00

972.00

972.00

1138.00

1019.46

412.50

824.69

866.25

800.00

896.15

878.79

1250.00

1550.00

1486.88

By Market Area
Adams County
Aurora-North
Commerce City
Northglenn/Thornton
Westminster
Arapahoe County
Arapahoe County - South
Arapahoe County - Southeast
Aurora - Central Northeast

730.00

Aurora - Central Northwest

800.00

792.22

Aurora - Central Southeast


Aurora - Central Southwest
Aurora - South
Englewood, Sheridan

731.52

Glendale
Littleton

1095.00

919.45

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

1006.76

City of Boulder - University Area

845.00

943.47

Longmont

550.00

842.86

1006.76
1053.82
823.33

Denver City/County
Denver - Central/Capitol Hill

906.82

Denver - Downtown

1061.95

1365.09

1387.30

1317.01

1799.17

1900.00

Denver - East Central/Lowry

962.00

1061.70

1136.54

Denver - Far Southeast

795.00

900.00

1050.00

Denver - North Central/City Park

932.86

1021.86

1407.50

1626.23

1685.00

1107.92
1390.19
1048.44
935.83

2317.32

2790.00

1353.98

Denver - Northeast

1520.00

990.00

1844.00

1438.86

Denver - Northwest

1103.92

1269.10

1400.00

1277.34

2625.00

Denver - South Central/Wash Park

1031.00

1495.71

Denver - Southeast

888.33

1050.00

1083.33

Denver - Southwest

786.71

1050.00

3325.00

1636.60

1395.00

1090.31
811.79

Denver - West Central

817.00

817.00

Douglas County
Castle Rock
Douglas County - North
Jefferson County
Arvada

790.00

953.31

Golden

738.18

1002.59

1150.00

Lakewood - North

790.00

890.86

920.53

1191.00

740.00

834.62

900.00

776.98

1011.44

970.67

Lakewood - South
Wheat Ridge

660.00

II-25

1125.00

963.44
938.33

1358.50

1142.50

969.98
789.64

890.00

896.03

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

966.69

1147.37

1263.68

1524.48

1845.31

1296.50

1316.82

Arapahoe

1001.58

1141.96

1255.02

1499.91

1905.11

1664.37

1301.77

Boulder/Broomfield

1318.36

1363.38

1416.83

1724.25

2028.99

1586.89

1531.35

Denver

1206.52

1272.45

1281.12

1736.76

1859.86

1861.74

1405.78

Douglas

1225.59

1349.18

1501.93

1682.64

2118.03

2075.00

1542.92

Jefferson

1033.43

1199.66

1238.91

1513.67

1772.18

1443.95

1341.04

Metro Average

1169.43

1224.38

1286.43

1604.44

1902.71

1581.75

1378.02

By Market Area
Adams County
Aurora-North

1225.00

1456.79

1343.75

1987.50

2187.50

1559.15

1059.75

1181.68

1449.66

1725.38

1239.52

725.99

1114.46

1279.67

1447.23

1715.93

1032.53

1170.98

1240.82

1607.84

2023.71

Commerce City
Northglenn/Thornton
Westminster

1296.50

1275.65
1356.97

Arapahoe County
Arapahoe County - South

1200.11

1341.84

1404.67

1635.14

2093.61

1544.00

1471.85

Arapahoe County - Southeast

1100.00

1373.12

1586.36

1683.51

2014.37

2395.00

1546.61

Aurora - Central Northeast

785.84

1017.54

1137.25

1354.39

1770.00

Aurora - Central Northwest

889.03

1013.69

1287.34

1313.46

1586.74

Aurora - Central Southeast

886.09

1052.11

1240.00

1314.81

1762.94

Aurora - Central Southwest

776.64

1040.68

1219.48

1422.37

1909.32

1191.73

1117.64

1215.25

1512.37

1800.01

650.00

1187.17

1444.76

1554.18

2012.83

1346.47

1449.00

1260.71

1367.27

2012.01

2620.71

1515.07

1299.68

1379.00

1550.62

2102.00

1422.02

Aurora - South
Englewood, Sheridan
Glendale
Littleton

1154.23
1147.05
1382.14

1193.62
1206.69

2035.00

1294.90

Boulder/Broomfield Counties
Boulder County - Other

1162.50

1378.62

1524.00

1665.66

2022.48

1714.00

1557.48

Broomfield

1196.00

1325.05

1427.63

1736.99

2008.66

1891.75

1504.04

1519.31

1875.00

City of Boulder - Except University

1423.35

1507.20

City of Boulder - University Area

1907.71

1962.99

Longmont

1240.00

1231.16

1283.28

1922.36

2606.40

2458.46

2991.43

1446.33

1691.53

1681.07
2221.07

1358.68

1333.49

3095.72

1807.58

Denver City/County
Denver - Central/Capitol Hill

1139.76

1293.24

1797.40

1934.51

3646.72

Denver - Downtown

1376.14

1665.48

1737.83

2304.46

3092.32

Denver - East Central/Lowry


Denver - Far Southeast

1444.25

970.30

1317.70

1353.73

1811.06

2090.66

1760.00

1500.80

1020.28

1110.56

1199.00

1524.90

1980.73

1448.65

1233.80

1689.82

1237.50

Denver - North Central/City Park

1720.00

2406.00

1949.85

Denver - Northeast

950.00

1074.71

1089.76

1443.00

Denver - Northwest

1512.20

1726.36

1739.03

2373.11

Denver - South Central/Wash Park

1066.00

1254.35

1130.00

1965.60

2715.00

850.13

1121.64

1142.28

1505.56

1178.94

1237.67

1244.99

1164.77

1268.36

1470.22

1767.69

875.00

1295.28

992.00

1016.88

1180.70

4195.00

1578.29

2400.00

1177.07

1032.34

1186.00

1306.50

1493.00

1225.59

1365.22

1518.65

1702.09

2125.88

2075.00

1560.89

Denver - Southeast
Denver - Southwest
Denver - West Central

1207.22
1855.78
1395.46

Douglas County
Castle Rock
Douglas County - North

1167.25

Jefferson County
Arvada

1341.40

Golden

1228.57

1137.29

1706.94

1809.83

1699.00

1373.09

1469.76

1842.00

1722.54

1464.69

2137.50

1636.81

Lakewood - North

816.81

1112.74

1275.91

1444.28

1677.61

1290.06

1249.33

Lakewood - South

1293.06

1246.82

1321.15

1500.06

1842.69

1420.97

1392.08

717.19

856.32

956.60

1009.13

1147.26

1036.17

929.55

Wheat Ridge

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
Arapahoe

1114.00
1414.00

Boulder/Broomfield
Denver

1298.87

1514.00
1201.00

3155.94

1528.27

1881.15

2733.00

1651.40

1545.26

2001.27

2182.81

2502.43

1580.13

1506.22

1975.59

2413.91

2502.43

1569.17

1420.36
1358.86

1421.65

1359.67

1400.05

1256.86

2124.84

Douglas
Jefferson
Metro Average

1255.00

1402.00

1325.97

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

1114.00

1514.00

1256.86

Westminster
Arapahoe County
Arapahoe County - South

1414.00

Arapahoe County - Southeast

1550.00

2028.00

3450.00

1701.94

1612.50

2087.50

2987.50

1799.84

2187.50

3200.00

1363.17

Aurora - Central Northeast


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

1095.67

1201.00

Littleton
Boulder/Broomfield Counties
Boulder County - Other
Broomfield

1414.00

1843.00

1508.00

2073.00

1592.08

City of Boulder - Except University


City of Boulder - University Area

2733.00

2038.38

Longmont
Denver City/County
Denver - Central/Capitol Hill

1226.35

1324.42

1897.38

1928.98

4320.50

Denver - Downtown

1476.62

1700.92

1879.25

2346.85

4279.00
2187.25

Denver - East Central/Lowry


Denver - Far Southeast

988.60

1335.94

1566.37

1701.82

1196.00

1188.75

1269.95

1570.76

Denver - North Central/City Park

1721.82

Denver - Northeast

1521.77
3291.80

1863.31
1510.20
1291.08

2415.95

3300.00

837.50

937.50

937.50

1212.50

2032.83
1237.50

912.09

Denver - Northwest

1629.86

1859.51

2148.00

2321.13

Denver - South Central/Wash Park

1140.09

1189.72

1130.00

1930.05

890.38

986.97

1424.40

1392.73

1067.00

1239.00

1630.00

4195.00

1221.62

1402.00

1325.97

Denver - Southeast

1929.86
1288.38
1700.00

1308.00

1144.37

Denver - Southwest
Denver - West Central
Douglas County
Castle Rock
Douglas County - North
Jefferson County
Arvada
Golden
Lakewood - North
Lakewood - South

1255.00

Wheat Ridge

II-27

Median Rents by Apartment Type by County


(in dollars)

Metro Average

Jefferson

Douglas

Denver

Boulder/ Broomfield

Arapahoe

Adams

County
2009
2010
2011
Apartment Type
3rd
4th
1st
2nd
3rd
4th
1st
2nd
3rd
4th
Efficency
493.62 629.64 493.45 595.20 686.00 653.36 497.49 514.25 594.00 676.73
1 Bed
698.05 708.81 721.02 745.48 783.20 765.16 783.66 786.37 803.36 792.03
2 Bed, 1 Bath
768.97 764.09 839.67 811.42 880.89 797.46 844.36 788.36 865.35 832.92
2 Bed, 2 Bath
933.63 935.27 985.21 971.53 989.41 990.97 994.69 1051.94 1070.68 1056.45
3 Bed
1144.13 1091.43 1134.00 1164.66 1207.00 1169.86 1271.24 1255.18 1318.75 1312.31
Other
792.40 834.73 835.53 830.00 863.86 1201.80 772.84 851.95 856.54 856.05
All
792.58 791.26 841.34 848.31 880.96 857.15 871.26 863.85 886.50 873.69
Efficency
508.58 491.69 478.53 505.62 563.55 499.53 531.60 516.17 514.86 519.33
1 Bed
695.23 682.06 696.61 704.76 714.65 716.19 728.56 717.26 740.27 722.67
2 Bed, 1 Bath
759.10 755.78 776.51 796.06 804.76 801.30 792.67 789.15 795.98 794.31
2 Bed, 2 Bath
964.12 912.03 910.27 939.95 968.34 959.54 984.18 985.32 992.22 997.97
3 Bed
1179.00 1196.42 1182.00 1263.00 1289.50 1292.50 1235.87 1319.84 1341.35 1245.69
Other
892.22 924.33 1126.40 1063.00 1064.17 1062.83 1062.17 1037.83 1037.83 1065.33
All
797.97 775.82 804.38 806.11 831.40 829.84 825.08 838.79 844.77 840.24
Efficency
731.84 694.11 730.69 732.50 730.75 737.93 736.33 756.13 805.71 760.00
1 Bed
838.45 848.61 876.13 881.92 847.46 840.79 869.68 887.72 919.34 916.29
2 Bed, 1 Bath
868.03 859.19 852.88 848.26 882.52 933.47 954.84 954.21 920.81 923.49
2 Bed, 2 Bath 1063.13 1081.09 1084.97 1185.00 1128.96 1159.90 1159.27 1138.14 1155.16 1274.69
3 Bed
1268.54 1291.75 1294.50 1319.40 1304.91 1273.25 1319.44 1336.88 1370.50 1324.48
Other
1038.82 1056.08 1088.82 1095.91 1120.91 1255.40 1344.80 1388.82 1288.82 1379.55
All
900.89 898.70 901.77 976.65 952.14 957.92 961.79 969.13 991.60 993.85
Efficency
583.13 598.60 591.04 604.62 589.58 592.16 612.51 630.74 664.63 631.86
1 Bed
729.80 714.86 728.44 712.75 731.88 736.69 738.83 737.69 746.61 768.28
2 Bed, 1 Bath
784.20 745.70 838.18 844.91 828.27 802.27 794.33 765.12 809.20 818.78
2 Bed, 2 Bath
965.53 985.72 1010.27 990.80 966.00 977.63 978.63 984.13 998.38 1017.09
3 Bed
1225.00 1218.19 1203.15 1203.47 1213.79 1214.33 1213.67 1196.67 1246.15 1274.74
Other
917.50 1058.13 1061.29 1068.02 638.75 523.67 524.67 523.33 1381.00 548.60
All
785.26 779.53 801.41 814.14 809.30 806.79 818.53 800.94 853.34 834.48
Efficency
738.00 563.00 838.00 588.00 750.00 713.00 713.00 738.00 788.00 738.00
1 Bed
862.26 822.73 864.82 862.86 941.95 898.70 910.71 903.17 905.08 887.06
2 Bed, 1 Bath 1027.94 924.92 1039.00 1020.53 1090.13 1038.62 1041.00 1041.10 1130.33 1021.08
2 Bed, 2 Bath 1126.49 1101.38 1122.12 1194.51 1207.70 1160.00 1194.26 1208.90 1205.62 1184.93
3 Bed
1431.09 1366.47 1415.61 1607.57 1606.43 1514.00 1395.54 1537.89 1540.09 1330.50
Other
1542.00
1038.00 1038.00 1038.00
All
1015.36 1011.78 1036.39 1024.27 1111.17 1043.79 1061.57 1015.33 1071.85 1046.92
Efficency
516.23 522.91 517.02 516.98 529.60 541.00 568.29 581.65 634.25 632.53
1 Bed
691.44 702.01 698.46 711.34 752.37 737.28 724.24 747.63 761.23 767.34
2 Bed, 1 Bath
756.89 749.52 776.46 786.35 771.55 809.40 807.31 772.33 811.44 797.76
2 Bed, 2 Bath
914.68 919.93 926.46 921.66 956.22 924.78 939.75 968.47 1006.82 951.88
3 Bed
1083.50 1083.97 1079.86 1093.17 1130.85 1145.26 1131.56 1155.84 1159.13 1166.11
Other
938.69 938.41 940.47 940.71 979.35 979.35 984.61 939.06 943.29 949.08
All
767.07 780.74 787.94 795.47 828.57 823.47 828.82 813.50 837.55 836.43
Efficency
588.23 596.64 571.13 579.18 613.21 617.73 614.10 602.36 644.04 635.77
1 Bed
726.67 711.90 728.63 735.15 749.67 747.91 760.10 759.83 778.94 780.20
2 Bed, 1 Bath
782.65 769.37 809.55 826.90 838.76 830.29 834.19 810.13 858.70 835.18
2 Bed, 2 Bath
982.39 963.07 964.45 973.29 992.71 986.01 997.82 1018.22 1032.43 1031.29
3 Bed
1198.11 1193.86 1162.92 1235.78 1252.71 1244.29 1257.54 1277.71 1332.51 1271.46
Other
912.25 947.68 992.85 1045.31 986.29 998.70 989.53 976.16 1023.93 979.81
All
817.09 811.32 836.61 842.70 856.64 846.36 858.97 863.37 881.67 870.71
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.

2012
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

2nd
677.27
793.20
797.12
1023.82
1302.55
797.60
872.27
591.89
777.85
822.21
1122.12
1348.30
1184.89
902.88
809.63
958.53
964.20
1337.68
1417.50
921.65
1038.85
693.65
797.76
876.38
1179.63
1309.29
642.80
888.95
788.00
944.90
1038.12
1220.53
1528.73

3rd
624.16
767.72
808.12
1066.03
1311.26
874.60
870.20
548.46
785.29
823.32
1127.86
1410.00
1211.22
899.56
782.72
948.68
1038.39
1259.27
1405.00
921.65
1095.91
720.82
824.09
862.23
1093.91
1319.95
693.27
887.05
788.00
912.17
1085.51
1265.45
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

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

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

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

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

II-28

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

1st
853.51
886.35
943.14
1190.74
1478.69
1024.57
963.71
636.52
849.95
927.53
1191.28
1422.53
1327.56
974.17
985.00
1057.10
1177.14
1395.88
1701.61
1120.62
1186.28
834.31
905.13
903.88
1249.14
1343.54
709.40
972.35
863.00
1067.03
1243.50
1345.53
1632.08
1938.00
1232.88
697.91
890.82
885.68
1183.91
1293.05
1155.00
992.13
778.34
911.00
942.99
1246.34
1465.71
1118.80
1021.29

2014
2nd
3rd
601.25 597.19
895.21 938.85
922.50 985.84
1277.93 1289.41
1490.82 1577.66
1088.52 1206.65
995.95 1060.11
665.32 716.43
895.36 935.69
919.34 1017.31
1240.82 1283.86
1509.33 1614.31
1336.50 1666.11
1017.00 1082.34
958.29 905.00
1087.67 1142.10
1167.52 1197.43
1543.34 1472.65
1744.75 1567.03
1117.38 1298.38
1235.23 1249.25
889.64 891.19
926.17 930.98
983.13 986.53
1351.89 1327.40
1495.81 1438.00
673.20 708.60
1018.54 1003.56
1013.00 913.00
1119.46 1159.17
1312.78 1318.63
1468.89 1444.83
1716.11 1784.00
2013.50 2013.50
1321.68 1327.02
841.31 760.27
960.96 1024.73
932.32 965.53
1240.08 1352.92
1403.08 1490.79
1045.50 1133.20
1064.84 1127.80
831.78 807.27
953.76 991.50
974.39 1028.15
1321.02 1336.04
1524.88 1569.41
980.80 1212.77
1067.87 1109.32

4th
620.35
956.14
1010.43
1358.59
1597.88
1146.00
1074.16
756.89
943.45
1057.39
1260.63
1636.86
1413.40
1089.86
1050.00
1169.09
1192.49
1510.50
1672.20
1099.77
1298.08
884.73
973.35
1028.56
1436.34
1532.10
1196.00
1076.41
988.00
1143.85
1334.00
1449.36
1798.00
2013.50
1326.37
830.77
1009.06
1020.61
1304.10
1484.46
1075.00
1095.49
826.37
995.09
1059.11
1356.45
1613.20
1181.41
1123.81

1st
654.27
1005.64
1106.38
1381.21
1653.25
1180.56
1087.28
758.20
991.08
1080.99
1337.49
1765.69
1568.11
1124.11
1001.86
1168.06
1277.43
1531.29
1574.49
1117.62
1292.05
1101.92
1031.53
1058.33
1443.41
1621.48
1260.89
1137.41
1094.00
1146.58
1382.68
1498.21
1746.28
2013.50
1382.04
903.53
1081.00
1032.65
1351.92
1519.58
1132.00
1133.65
911.16
1039.73
1103.86
1399.51
1681.09
1197.65
1158.26

2015
2nd
3rd
677.00 691.00
1034.20 1068.92
1158.18 1176.66
1381.83 1439.49
1837.02 1777.20
1249.76 1338.00
1157.06 1189.80
789.83 841.92
1044.89 1045.55
1124.59 1151.53
1407.26 1372.95
1785.35 1667.00
1640.22 1512.78
1188.34 1193.18
1198.00 1115.57
1331.33 1339.16
1331.09 1291.50
1726.19 1779.74
1810.75 1984.95
1222.49 1299.42
1398.28 1467.02
995.54 1138.84
1112.05 1134.86
1148.40 1112.30
1505.47 1588.16
1658.65 1501.38
1341.75 699.73
1188.05 1251.29
1213.00 1038.00
1291.73 1216.09
1494.75 1443.26
1538.29 1547.65
1960.11 1889.71
2013.50 2013.50
1469.24 1442.40
881.23 982.00
1107.41 1139.08
1047.38 1241.92
1430.85 1407.81
1656.00 1712.56
1113.00 1204.84
1216.11 1257.78
929.08 995.71
1103.34 1135.43
1166.13 1185.92
1474.99 1474.81
1780.89 1749.94
1290.21 1298.90
1224.93 1251.54

4th
801.26
1042.81
1152.37
1407.40
1737.67
1438.00
1150.38
910.74
1022.43
1146.73
1370.02
1746.33
1661.44
1193.81
1091.43
1315.05
1381.69
1694.59
1984.42
1294.81
1416.29
1026.24
1098.37
1179.18
1539.27
1687.46
1381.43
1240.76
1038.00
1194.58
1372.65
1504.24
1748.18
2063.50
1392.50
758.50
1099.29
1163.42
1418.94
1597.89
1310.38
1256.32
984.20
1102.78
1189.25
1443.17
1742.53
1374.27
1244.66

1st
888.00
1103.61
1217.58
1441.03
1763.80
1294.59
1222.77
847.43
1040.27
1158.62
1396.18
1782.60
1876.60
1200.65
1140.79
1304.45
1382.77
1617.41
1891.16
1243.65
1397.34
1006.05
1162.46
1221.29
1624.52
1669.90
1507.86
1275.69
996.75
1278.18
1380.31
1610.03
1845.36
2163.50
1440.41
772.33
1156.34
1204.26
1467.76
1686.85
1317.50
1288.73
991.40
1149.19
1227.28
1495.00
1784.23
1333.81
1274.34

2016
2nd
3rd
1053.55
1153.58
1233.86
1491.19
1847.60
1300.00
1279.65
913.18
1095.43
1202.60
1462.93
1793.05
1539.56
1262.89
1193.33
1378.28
1355.80
1686.55
2051.32
1299.88
1439.23
1234.47
1228.90
1214.23
1684.31
1779.70
1386.57
1331.46
1171.75
1322.09
1487.59
1657.78
2009.68
2063.50
1497.97
811.29
1209.85
1261.65
1472.61
1649.66
1341.38
1316.87
1167.55
1203.23
1246.96
1564.15
1846.06
1398.96
1324.08

4th

Average Rent for Apartment Building/Community Features and Amenities


(In Dollars)
With Feature/Amenity
Feature/Amenity

Efficiency

Without Feature/Amenity

1 Bed

2 Bed
1 Bath

2 Bed
2 Bath

3 Bed

All

Efficiency

Difference

1 Bed

2 Bed
1 Bath

2 Bed
2 Bath

3 Bed

All

Outside Storage

1,321.25

1,293.46

1,392.41

1,641.58

1,998.16

1,453.02

973.47

1,136.38

1,200.37

1,549.00

1,827.68

1,279.36

173.66

Patio or Balcony

1,210.28

1,250.89

1,311.02

1,617.35

1,947.02

1,407.37

873.70

968.95

1,126.28

1,232.86

1,368.55

1,039.94

367.43

Fireplace

1,132.62

1,236.74

1,347.98

1,584.05

1,974.08

1,400.50

1,168.71

1,181.18

1,191.56

1,672.36

1,755.42

1,309.72

90.77

Nine-Foot Ceilings

1,330.18

1,351.44

1,462.23

1,700.30

2,038.86

1,522.89

921.07

1,034.52

1,180.77

1,358.46

1,608.69

1,148.48

374.42

Swimming Pool

1,194.40

1,225.59

1,292.97

1,607.98

1,918.51

1,385.06

1,011.61

1,136.38

1,206.55

1,528.75

1,782.94

1,223.41

161.65

Spa or Sauna

1,258.20

1,308.81

1,411.98

1,675.44

2,011.30

1,479.35

1,056.10

1,082.15

1,179.06

1,448.00

1,693.77

1,207.16

272.19

Exercise Room

1,211.29

1,256.97

1,333.39

1,631.73

1,972.18

1,416.52

899.65

984.53

1,137.77

1,315.69

1,555.84

1,106.24

310.28

999.44

1,151.74

1,269.70

1,545.67

1,933.97

1,323.33

1,185.39

1,245.48

1,287.63

1,630.70

1,899.29

1,391.30

-67.97

Microwave

1,277.02

1,322.93

1,425.45

1,677.97

2,049.13

1,490.29

986.37

1,020.72

1,175.56

1,372.99

1,579.99

1,149.10

341.20

Washer/Dryer Hookups

1,303.79

1,283.34

1,363.22

1,621.73

1,972.63

1,447.69

1,020.33

1,142.77

1,213.98

1,570.13

1,802.49

1,271.98

175.72

Garbage Disposal

1,163.15

1,223.61

1,291.54

1,614.69

1,926.05

1,380.32

870.09

1,067.46

1,103.61

1,282.72

1,460.19

1,139.71

240.61

Dishwasher

1,188.97

1,239.83

1,306.66

1,615.64

1,930.73

1,396.14

871.09

974.79

1,095.18

1,275.69

1,435.62

1,051.79

344.35

Air Conditioning

1,174.09

1,225.64

1,296.68

1,614.09

1,929.18

1,382.99

914.08

1,053.55

1,089.75

1,338.01

1,510.36

1,136.78

246.21

Ceiling Fan

1,183.31

1,231.73

1,291.24

1,616.50

1,944.48

1,387.50

1,037.96

1,176.63

1,262.28

1,566.42

1,815.09

1,324.27

63.23

Attached Garage

1,376.77

1,421.11

1,545.68

1,778.27

2,146.66

1,603.41

1,042.45

1,145.22

1,239.94

1,515.08

1,780.68

1,283.10

320.31

Covered Parking

1,237.00

1,271.79

1,350.34

1,649.30

2,036.98

1,427.82

981.90

1,141.79

1,225.59

1,536.55

1,777.13

1,296.03

131.79

Clubhouse

1,210.51

1,265.27

1,329.88

1,636.78

1,945.26

1,423.67

1,005.85

1,039.35

1,172.62

1,401.05

1,733.45

1,165.01

258.67

Business Center

1,181.72

1,271.44

1,349.32

1,637.98

1,960.73

1,433.57

1,108.00

1,072.84

1,178.96

1,455.34

1,714.45

1,198.44

235.13

Pets Allowed

1,194.61

1,236.36

1,315.94

1,622.14

1,960.31

1,396.36

775.97

946.79

1,032.87

1,205.19

1,292.99

1,026.69

369.67

Resident Pays Sewer/Water

1,216.11

1,254.39

1,317.29

1,621.87

1,967.41

1,412.48

900.59

1,011.38

1,169.27

1,375.11

1,489.32

1,120.14

292.34

Unit Security/Alarm System

1,260.65

1,320.64

1,503.75

1,657.34

1,918.74

1,492.70

1,140.61

1,201.86

1,256.92

1,593.87

1,909.13

1,351.36

141.34

Handicapped Access

1,270.05

1,293.42

1,376.18

1,666.22

1,984.10

1,458.28

919.51

1,075.23

1,189.41

1,432.86

1,749.28

1,203.28

255.00

Heat Included in Rent

882.22

1,027.71

1,155.34

1,398.10

1,160.33

1,070.65

1,194.61

1,231.33

1,293.98

1,606.96

1,938.53

1,388.21

-317.56

Sport Court

II-29

Estimate of New Apartments by County by Quarter

2009
County

1st

2nd

3rd

4th

Adams

0
36608
0
59275
307
33847
1094
104703
0
10580
0
41488
1401
286501

0
36608
84
59359
0
33847
609
105312
0
10580
0
41488
693
287194

39
36647
436
59795
238
34085
605
105917
210
10790
0
41488
1528
288722

0
36647
0
59795
0
34085
169
106086
0
10790
0
41488
169
288891

County

1st

2nd

3rd

4th

Adams

220
36886
0
60451
788
35400
0
107822
83
11227
0
42105
1091
293891

0
36886
86
60537
95
35495
0
107822
48
11275
0
42105
229
294120

0
36886
0
60537
1481
36976
0
107822
0
11275
110
42215
1591
295711

0
36886
55
60592
721
37697
1577
109399
0
11275
56
42271
2409
298120

Arapahoe
Boulder/
Broomfield
Denver
Douglas
Jefferson
Metro Area
Total

2013

Arapahoe
Boulder/
Broomfield
Denver
Douglas
Jefferson
Metro Area
Total

Yearly
Total
39
36647
520
59795
545
34085
2477
106086
210
10790
0
41488
3791
288891

Yearly
Total
220
36886
141
60592
3085
37697
1577
109399
131
11275
166
42271
5320
298120

2010
1st

2nd

3rd

4th

0
36647
166
59961
0
34085
7
106093
0
10790
0
41488
173
289064

0
36647
0
59961
96
34181
0
106093
0
10790
0
41488
96
289160

0
36647
0
59961
0
34181
0
106093
0
10790
0
41488
0
289160

0
36647
0
59961
0
34181
146
106239
0
10790
83
41571
229
289389

1st

2nd

3rd

4th

0
36886
174
60766
483
38180
124
109523
0
11275
0
42271
657
298901

0
36886
66
60832
179
38359
764
110287
421
11696
595
42866
1261
300926

322
37208
548
61380
386
38745
1240
111527
0
11696
0
42866
1256
303422

0
37208
306
61686
788
39533
890
112417
74
11770
228
43094
2286
305708

2014

Yearly
Total
0
36647
166
59961
96
34181
153
106239
0
10790
83
41571
498
289389

Yearly
Total
322
37208
1094
61686
1836
39533
3018
112417
495
11770
823
43094
7588
305708

Top number denotes apartment units added in quarter.


Bottom number denotes total units at end of quarter.

II-30

2011
1st

2nd

3rd

0
36647
0
59961
21
34202
41
106280
0
10790
0
41571
62
289451

0
36647
0
59961
238
34440
190
106470
0
10790
91
41662
519
289970

19
36666
454
60415
26
34466
66
106536
0
10790
0
41662
565
290535

1st

2nd

3rd

0
37208
0
61686
359
39892
344
112761
637
12407
220
43314
1560
307268

0
37208
222
61908
87
39979
1410
114171
221
12628
641
43955
2581
309849

0
37208
206
62114
31
40010
1474
115645
216
12844
95
44050
2022
311871

2015

Yearly
4th Total
0
36666
0
60415
0
34466
215
106751
62
10852
15
41677
292
290827

19
36666
454
60415
285
34466
512
106751
62
10852
106
41677
1438
290827

Yearly
4th Total
0
37208
257
62371
198
40208
1516
117161
122
12966
349
44399
2442
314313

0
37208
685
62371
675
40208
4744
117161
1196
12966
1305
44399
8605
314313

2012
1st
0
36666
0
60415
0
34466
276
107027
0
10852
0
41677
276
291103

2nd

3rd

Yearly
4th Total

0
0
0
36666 36666 36666
0
0
36
60415 60415 60451
0
0
146
34466 34466 34612
573
87
135
107162 107735 107822
0
232
60
10852 11084 11144
428
0
0
42105 42105 42105
563
805
329
291666 292471 292800

2016
1st

2nd

24
37256
180
62474
100
40210
1505
118655
0
12844
0
44050
1809
315489

0
37256
257
62731
198
40408
1516
120171
122
12966
349
44399
2442
317931

3rd

0
36666
36
60451
146
34612
1071
107822
292
11144
428
42105
1973
292800

Yearly
4th Total
24
37256
437
62731
298
40408
3021
120171
122
12966
349
44399
4251
317931

Apartment Unit Absorption by Quarter and Year

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

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
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
292800
1091
293891
4.6%
280511
13380
2330
298120
781
298901
5.1%
282542
16359
2
305708
1560
307268
4.9%
291346
15922
185
313549
1809
315358
6.1%
296547
18811
4663

Second
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
293891
229
294120
4.2%
282031
12089
1519
298901
2025
300926
4.7%
286504
14422
3972
307268
2581
309849
4.5%
295899
13950
4550
315358
2442
317800
5.4%
300736
17064
4189

Third
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
805
292471
4.3%
280024
12447
2323
294120
1591
295711
4.4%
283107
12604
1077
300926
2496
303422
3.9%
292224
11198
5720
309849
2022
311871
5.0%
296275
15596
376

Fourth
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
292471
329
292800
4.9%
278377
14423
-1647
295711
2409
298120
5.2%
282540
15580
-312
303422
2286
305708
4.7%
291161
14547
-1063
311871
1678
313549
6.8%
292127
21422
-4247

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
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
1973
292800
4.9%
278377
14423
3368
292800
5320
298120
5.2%
282540
15580
4613
298120
7588
305708
4.7%
291161
14547
8631
305708
7841
313549
6.8%
292127
21422
864

Monthly Resident Turnover


By Size, Age of Building, and County
(In Percent)

2006
Building Type

2006

2nd

3rd

4th

Up to 8

5.8

7.0

2.9

9 - 50

4.1

4.6

3.9

51-99

3.8

5.6

100 - 199

4.9

200 to 349
350 up

Ave

2007

2007

1st 2nd

3rd

4th

5.1

4.6

6.1

7.3

1.9

4.1

3.8

5.4

5.3

3.6

4.3

4.1

2.8

4.2

3.8

5.6

3.3

4.6

3.5

5.0

5.3

5.7

4.4

4.9

3.7

5.5

5.6

4.5

5.0

3.9

Ave

2008

2008

1st 2nd

3rd

4th

5.0

1.1

4.0

6.5

4.6

4.5

3.4

5.6

6.4

4.7

3.3

3.5

3.4

3.7

5.1

5.4

3.8

4.5

3.8

4.6

5.3

6.4

4.4

5.0

4.2

5.9

6.8

4.5

5.3

4.1

Ave

2009

2009

1st 2nd

3rd

4th

4.6

5.2

4.1

9.4

5.0

4.7

4.4

6.7

5.5

5.0

3.6

3.6

3.9

4.9

5.2

5.6

4.3

4.3

3.4

5.7

5.1

6.2

4.5

4.5

3.8

5.8

6.5

4.3

4.3

4.5

Ave

2010

2010

1st 2nd

3rd

4th

5.9

3.9

3.7

5.6

4.6

5.4

3.5

6.2

5.1

3.6

3.5

4.4

2.6

4.4

5.1

6.0

4.3

4.9

3.8

5.9

5.3

5.9

4.5

4.9

4.1

5.4

6.2

4.5

5.2

4.0

Ave

2011

2011

1st 2nd

3rd

4th

4.5

4.5

6.0

5.0

2.4

4.6

2.5

4.9

5.7

3.4

3.0

3.8

3.9

4.1

4.9

5.9

3.7

4.8

3.5

4.8

5.2

5.4

3.9

4.6

3.6

5.9

5.9

4.0

5.0

4.8

Ave

2012

2012

1st 2nd

3rd

4th

4.5

3.2

4.4

4.1

2.7

4.1

2.8

5.1

4.0

4.6

3.1

4.0

2.9

4.6

5.3

5.9

3.5

4.4

2.9

5.2

5.3

6.2

4.0

4.8

3.8

5.2

6.2

4.1

5.1

4.0

Ave

2013

2013

1st 2nd

3rd

4th

3.6

3.6

3.1

5.8

4.7

4.1

3.4

4.0

6.3

4.4

2.3

3.8

2.9

3.8

5.0

6.1

3.7

4.5

3.6

4.5

5.7

6.2

4.0

4.9

3.6

5.6

6.2

4.1

5.0

3.7

Ave

2014

2014

1st 2nd

3rd

4th

4.3

1.7

3.6

7.7

1.3

4.5

3.5

3.4

6.1

3.1

3.5

3.8

2.9

4.2

4.2

5.5

3.9

4.4

3.3

5.1

5.2

5.6

3.9

4.6

3.5

5.2

6.4

3.9

4.8

3.7

Ave

2015

2015
Ave

2016
1st 2nd

3rd 4th

2016

1st 2nd

3rd 4th

Ave

3.6

3.1

2.6

6.2 1.8

3.4

1.9

1.9

1.9

4.0

2.4

3.5

4.0 3.7

3.4

4.2

4.2

4.2

3.0

3.6

2.4

4.1

4.3 4.5

3.8

4.1

4.1

4.1

5.6

3.5

4.4

3.4

4.7

5.4 3.3

4.2

4.6

4.6

4.6

5.2

6.5

4.0

4.8

3.5

5.3

6.0 4.0

4.7

4.9

4.9

4.9

5.0

6.3

3.9

4.7

3.6

5.5

5.4 4.2

4.7

5.0

5.0

5.0

4.6

Size

Age
To 1959

4.9

5.0

4.0

4.6

3.8

4.9

6.5

4.5

4.9

3.2

4.8

6.9

4.2

4.2

4.5

7.2

6.3

4.6

5.6

3.6

6.8

4.9

3.2

4.6

3.3

5.9

4.2

3.1

4.1

2.6

5.6

4.5

3.6

4.1

3.4

4.8

5.2

4.3

4.4

2.4

4.4

5.5

3.0

3.8

3.2

3.5

5.5 4.1

4.1

4.6

4.6

1960-69

4.6

6.7

3.9

4.8

3.2

5.5

4.8

3.4

4.2

4.5

4.1

4.8

4.1

4.1

3.8

5.4

4.9

4.6

4.7

4.5

4.8

5.2

4.4

4.7

4.5

3.8

5.7

3.5

4.4

3.1

4.7

4.5

3.9

4.0

3.1

3.5

6.5

3.5

4.1

3.6

4.6

4.6

3.4

4.1

2.5

4.6

3.9 3.0

3.5

4.2

4.2

4.2

1970-79

4.7

5.4

3.5

4.4

3.4

5.0

5.4

3.9

4.4

3.4

4.8

6.5

4.3

4.3

3.1

5.6

6.1

4.6

4.9

3.8

5.9

5.7

3.9

4.8

3.4

4.8

6.4

3.9

4.6

3.4

5.3

5.9

3.6

4.6

3.9

4.5

5.7

3.5

4.4

3.5

4.6

6.5

3.8

4.6

3.7

4.7

5.0 3.9

4.3

4.5

4.5

4.5

1980-89

5.3

5.5

4.2

4.8

3.6

5.4

6.0

4.1

4.8

3.9

5.3

6.4

4.4

4.4

4.1

5.1

6.2

1990-99

5.3

5.9

4.3

4.9

3.7

5.6

6.4

4.3

5.0

4.4

5.7

6.2

4.3

4.3

4.4

5.6

6.3

4.2

5.1

3.4

5.5

6.0

3.8

4.7

3.7

5.6

6.3

4.1

4.9

3.8

5.5

5.9

3.5

4.7

3.4

5.5

6.4

4.2

4.9

3.5

5.4

6.0

3.9

4.7

3.3

5.1

6.1 4.2

4.7

4.9

4.9

4.9

2000-09

4.6

5.3

3.6

4.3

4.2

4.9

7.3

4.4

5.2

3.9

4.6

5.0

3.4

3.4

3.5

4.3

4.8

3.8

4.1

3.9

5.8

5.3

3.7

4.7

4.4

4.9

6.8

3.8

5.0

3.9

6.3

7.3

4.8

5.6

3.7

5.2

5.8

4.1

4.7

3.4

5.2

6.9

3.9

4.8

4.0

6.1

6.8 4.4

5.3

5.1

5.1

5.1

3.0

4.2

4.8 3.2

3.8

4.9

4.9

4.9

4.6

5.0

4.3

5.5

5.7

4.1

4.9

3.9

5.3

5.6

4.0

4.7

4.1

5.5

5.9

3.9

4.8

3.6

5.2

5.7

3.8

4.6

3.9

5.2

5.8

4.0

4.7

2010 up

3.4

5.8

5.4 4.0

4.7

4.9

4.9

4.9

County
Adams

5.2

6.1

4.8

5.2

4.2

5.8

6.4

5.0

5.3

4.3

5.2

6.7

5.0

5.0

4.1

5.5

6.3

4.8

5.2

3.9

5.2

5.9

4.3

4.8

4.4

5.2

6.0

4.6

5.1

4.0

5.9

6.2

4.8

5.2

3.7

5.1

5.6

3.8

4.6

4.0

5.1

6.1

3.9

4.8

3.5

5.2

5.3 4.5

4.6

4.9

4.9

4.9

Arapahoe

5.1

5.5

4.2

4.8

3.8

5.5

6.3

4.1

4.9

3.9

5.0

6.4

4.1

4.1

4.0

5.2

6.1

4.5

4.9

3.9

5.7

5.4

4.2

4.8

3.9

5.1

6.0

4.0

4.8

3.7

5.2

5.5

3.8

4.5

3.7

5.1

5.6

3.9

4.6

3.5

5.0

5.6

4.1

4.6

3.4

5.4

5.8 4.1

4.7

4.6

4.6

4.6

Boulder/Broomfield

5.3

7.5

3.9

5.1

3.5

5.9

6.9

3.4

4.9

3.3

5.3

6.7

4.2

4.2

3.7

7.0

6.5

3.2

5.1

3.4

6.1

6.7

3.0

4.8

3.1

4.6

7.0

4.0

4.7

3.5

6.7

7.9

2.9

5.3

3.6

6.0

7.8

3.8

5.3

3.4

5.9

6.4

3.2

4.7

3.3

5.3

6.2 3.6

4.6

5.8

5.8

5.8

Denver

4.8

4.7

4.1

4.4

3.2

5.2

6.1

4.1

4.7

3.9

5.4

5.9

4.2

4.2

3.8

5.5

5.7

4.5

4.9

4.0

6.0

5.5

3.7

4.8

4.2

5.1

5.9

3.7

4.7

3.7

5.8

6.3

4.0

4.9

3.6

4.5

6.0

4.2

4.6

3.5

5.0

7.6

3.8

5.0

3.6

5.0

5.7 3.9

4.5

5.0

5.0

5.0

Douglas

6.1

5.2

4.9

5.1

4.0

5.3

6.7

5.1

5.3

4.5

6.2

5.7

4.9

4.9

3.9

5.1

6.1

4.8

5.0

3.3

4.9

7.2

2.8

4.6

4.6

5.2

5.8

4.0

4.9

3.6

5.1

6.0

3.7

4.6

3.6

4.6

5.8

4.0

4.5

3.5

4.6

6.1

3.9

4.5

3.4

5.6

5.7 3.7

4.6

4.5

4.5

4.5

Jefferson

5.4

5.6

3.6

4.7

3.4

5.2

5.7

4.2

4.6

4.1

5.1

5.9

4.4

4.4

4.8

5.5

5.8

4.5

5.1

4.2

4.7

5.0

4.0

4.5

3.3

5.4

6.4

3.4

4.6

3.6

5.3

5.5

3.9

4.6

3.4

5.2

5.8

3.5

4.5

3.3

4.8

5.2

3.7

4.3

3.6

5.0

5.1 3.9

4.4

4.7

4.7

4.7

Average

5.2

5.6

4.2

4.8

3.7

5.4

6.2

4.3

4.9

4.0

5.3

6.2

4.4

4.4

4.0

5.5

6.0

4.5

5.0

3.9

5.6

5.6

3.9

4.8

3.9

5.1

6.1

3.9

4.8

3.7

5.6

6.0

3.9

4.8

3.6

5.0

5.9

3.9

4.6

3.5

5.1

6.2

3.8

4.7

3.5

5.2

5.6 4.0

4.6

4.9

4.9

4.9

Resident turnover is for respective months of February, May, August and November.

II-32

Vacancy Rates During the Current Quarter


Cumulative Totals

Efficiencies
Rent Level
$000 to $225
$226 to $250
$251 to $275
$276 to $300
$301 to $325
$326 to $350
$351 to $375
$376 to $400
$401 to $425
$426 to $450
$451 to $475
$476 to $500
$501 to $525
$526 to $550
$551 to $575
$576 to $600
$601 to $625
$626 to $650
$651 to $675
$676 to $700
$701 to $725
$726 to $750
$751 to $775
$776 to $800
$801 to $825
$826 to $850
$851 to $875
$876 to $900
$901 to $925
$926 to $950
$951 to $975
$976 to $1000
$1001 to 1025
$1026 to 1050
$1051 to 1075
$1076 to 1100
$1101 to 1125
$1126 to 1150
$1151 to 1175
$1176 to 1200
$1201 to 1225
$1226 to 1250
$1251 to 1275
$1276 to 1300
$1301 to 1325
$1326 to 1350
$1351 to 1375
$1376 to 1400
$1401 to 1425
$1426 to 1450
$1451 to 1475
$1476 to 1400
$1501 to 1525
$1526 to 1550
$1551 to 1575
$1576 to 1500
$1601 to 1625
$1626 to 1650
$1651 to 1675
$1676 to 1600
$1701 to 1725
$1726 to 1750
$1751 to 1775
$1776 to 1800
$1801 to 1825
$1826 to 1850
$1851 to 1875
$1876 to 1900
$1901 to 1926
$1926 to 1950
$1951 to 1975
$1976 to 2000
$2000 and up
TOTALS

Vacant

Total

1
3

3
8
6
15
11
12
1
9
5
16
4
1
4
1
1
1
1
2
3
1
13
2
3
26
5
4
14
20
3
2
2
1

15
1
1

222

One Bedroom

Percent Vacant

16
1

0.0%
0.0%

1
1
2
2
5

23.1%

100.0%
0.0%
0.0%
0.0%
0.0%

0.0%

0.0%

3
3
2
1
11
29
22
12
19
15
112
49
100
89
294
80
242
129
194
152
135
54
21
114
91
30
7
137
161
56
68
184
69
205
417
85
78
103
180
4
26
5
60
52
3

0.0%
0.0%
50.0%
0.0%
27.3%
0.0%
0.0%
0.0%
0.0%
0.0%
2.7%
0.0%
8.0%
6.7%
5.1%
13.8%
5.0%
0.8%
4.6%
3.3%
11.9%
7.4%
4.8%
3.5%
1.1%
3.3%
14.3%
0.7%
1.2%
5.4%
1.5%
7.1%
2.9%
1.5%
6.2%
5.9%
5.1%
13.6%
11.1%
0.0%
11.5%
40.0%
3.3%
1.9%
0.0%

0.0%

90
49
87
32
32

16.7%
2.0%
1.1%
0.0%
0.0%

18

0.0%

11
9

0.0%
0.0%

1
1
1
1
1
2
12
2
5
9
130
132
132
178
334
414
1439
387
1414
1689
3790
1807
3200
1467
1764
757
2615
1054
677
2149
3340
2613
1526
2752
2316
2269
2067
2076
1782
1590
1191
993
467
1256
469
933
1019
474
646
22
483
381
106
38
369
265
220
219
131
16
15
2
151
611
58386

0.0%
5.2%

Two Bedroom
Two Bathroom

Percent Vacant

13

4
4269

Total

Two Bedroom
One Bathroom
Total
1

Percent Vacant
3

Total

Three Bedroom

Percent Vacant

Total

Other

Percent Vacant

Total

33.3%

4
19
7
40
26
61
86
138
76
151
64
85
26
144
39
18
70
160
133
53
106
138
136
201
132
97
69
81
75
16
249
23
30
43
39
28
1
58
63
4
1
41
7
8
16
7

5
47
3125

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.8%
0.0%
0.0%
2.2%
5.7%
1.7%
2.8%
6.7%
4.3%
5.1%
3.6%
4.2%
4.7%
4.4%
4.8%
3.4%
5.5%
3.7%
2.7%
3.3%
4.8%
5.1%
3.5%
3.9%
6.0%
6.0%
9.7%
6.4%
5.4%
4.3%
6.8%
7.6%
3.4%
19.8%
4.9%
3.2%
4.2%
8.2%
4.3%
4.5%
12.0%
16.5%
3.8%
2.6%
11.1%
2.6%
3.6%
7.3%
5.3%
0.0%
0.0%
0.0%
3.3%
7.7%
5.4%

1
6
3
1
5
3
7
6
7
2
11
12
157
262
35
22
84
82
335
143
185
540
131
997
621
693
706
335
1086
912
821
480
996
487
750
475
529
503
430
313
482
74
395
333
201
126
245
214
124
14
141
233
7

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.8%
0.0%
0.0%
0.0%
7.3%
1.8%
2.1%
2.7%
3.7%
1.5%
5.0%
3.4%
2.5%
6.5%
8.1%
4.7%
4.4%
6.1%
3.5%
5.3%
8.0%
7.7%
4.2%
3.4%
3.4%
3.5%
4.5%
3.9%
10.8%
4.3%
4.5%
4.5%
7.9%
7.8%
5.1%
4.0%
7.1%
4.3%
7.7%
0.0%

2
5

2
121
52

0.0%
1.7%
9.6%

129

6.2%

19
770

171
16241

11.1%
4.7%

6
6
3
5
20
2
50
21
17
46
27
51
40
50
17
53
39
58
20
18
17
15
14
19
8
17
15
9
10
19
11
5
1
6
18

Total
Percent Vacant

II-33

Total
32
1

12.5%
0.0%

2
1
2
2
6

50.0%
0.0%
0.0%
0.0%
0.0%

3
1
5
10
6
4
29
34
34
28
156
149
255
239
592
815
1907
522
1755
1932
4426
2121
3574
2177
2129
1902
3680
2018
1572
3558
4924
3861
2965
4935
4363
4212
4167
2942
4086
3572
3707
3031
1775
2546
2120
3272
3567
1510
1542
1716
2704
1157
1742
1105
1426
888
1105
1019
769
220
1841
304
607
5945
121324

0.0%
0.0%
0.0%
0.0%
16.7%
0.0%
10.3%
0.0%
0.0%
0.0%
0.6%
0.0%
1.2%
1.7%
4.6%
1.8%
3.1%
7.1%
4.2%
5.0%
3.5%
4.0%
4.8%
4.0%
4.2%
4.2%
4.6%
3.5%
4.7%
3.3%
4.6%
5.0%
3.8%
4.1%
5.3%
6.2%
7.9%
6.0%
4.6%
4.7%
5.3%
5.2%
3.5%
12.9%
6.2%
4.2%
4.3%
7.7%
4.5%
7.5%
6.4%
11.4%
6.2%
6.0%
7.3%
3.4%
5.2%
4.4%
3.8%
6.4%
7.0%
10.2%
7.6%
10.1%
5.4%

0.0%

1
1

0.0%

0.0%
1

2
5
2
9
19
15
16
10
68
33
83
45
20
68
69
79
67
23
69
86
85
81
66
15
109
100
45
90
37
55
19
38
16
13
14
105
19
39
417
2159

1
2
139
3
11
32
100
16
45
66
170
31
328
80
173
910
309
210
524
1516
828
1190
882
291
1592
1364
1780
1671
691
1100
1127
1870
2084
852
466
1343
1883
516
1294
639
795
520
661
459
372
151
1431
267
404
3225
36415

0.0%
0.0%
3.6%
0.0%
0.0%
9.4%
0.0%
0.0%
0.0%
0.0%
1.2%
0.0%
1.5%
2.5%
5.2%
2.1%
4.9%
7.6%
1.9%
4.5%
4.0%
7.0%
5.1%
6.9%
4.3%
5.1%
4.4%
4.0%
3.3%
6.3%
7.6%
4.5%
3.9%
7.7%
3.2%
8.1%
5.3%
8.7%
7.0%
5.8%
6.9%
3.7%
5.7%
3.5%
3.5%
9.3%
7.3%
7.1%
9.7%
12.9%
5.9%

12

1
1

5
19
1
7
7
7
8
7
9
8
4
10
7
4
12
12
2
102
248

0.0%

5
1
2

20.0%
0.0%
0.0%

17

0.0%

1
157
5
5
12
68
8
2
14
4
11
14
59
12
55
49
97
77
12
84
254
58
181
137
201
147
152
104
223
71
192
146
214
42
229
35
52
1713
4925

0.0%
7.6%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
7.1%
0.0%
0.0%
0.0%
1.7%
0.0%
0.0%
2.0%
1.0%
0.0%
0.0%
6.0%
7.5%
1.7%
3.9%
5.1%
3.5%
5.4%
4.6%
8.7%
3.6%
5.6%
5.2%
4.8%
1.9%
0.0%
5.2%
34.3%
3.8%
6.0%
5.0%

48

0.0%

30
1

0.0%
0.0%

2
2
7
50
26
3
24
4
4
22
16
2
18
1
140
57
40
1
46

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
9.1%
0.0%
0.0%
0.0%
0.0%
2.9%
1.8%
0.0%
0.0%
2.2%

71
1
12
34
57

0.0%
0.0%
0.0%
0.0%
5%

16.7%

13
9

23.1%
0.0%

0.0%

1
4

30
56

3.3%
7.1%

28

10.7%

13
36

221
1088

5.9%
3.3%

4
1

Percent

3
4
27
15
60
37
73
96
154
84
172
88
90
80
171
71
74
119
228
192
114
204
231
262
330
177
189
169
195
157
62
328
131
136
153
116
69
128
173
132
108
66
104
30
57
45
29
14
128
31
46
598
6560

Section III - Adams County


Table of Contents
Graphs
Vacancy Rate by Quarter
Average Rent by Quarter
Vacancy Rate by Market Area by Quarter
Average Rent by Market Area by Apartment Type
Vacancy Rate by Age of Building
Vacancy Rate by Size of Building
Rent per Square Foot by Apartment Type
Rent per Square Foot by Apartment Unit Size
Estimate of Total Apartments by Year
New Apartment Units Added by Year
Vacancy Rates by Market Area by Apartment Type
Vacancy Rate by Apartment Type by Quarter
Median Rent by Apartment Type by Quarter
Average Rent by Size of Building by Quarter

III-1
III-1
III-2
III-2
III-3
III-3
III-4
III-4
III-5
III-5
III-6
III-6
III-7
III-7

Tables
Vacancy Rates by Market Area
Vacancy Rates by Size of Building by Market Area
Vacancy Rates by Size of Apartment Unit by Market Area
Vacancy Rates by Age of Building by Market Area
Vacancy Rates by Apartment Type by Market Area

III-8
III-9
III-9
III-10
III-10

Average Rents by Apartment Type by Market Area


Average Rents by Age of Building by Market Area
Average Rents by Size of Building by Market Area
Median Rents by Apartment Type by Market Area

III-11
III-11
III-12
III-12

Average Rent per Square Foot by Apartment Type by Market Area


Average Rent per Square Foot by Apartment Unit Size by Market Area

III-13
III-13

Rental Losses by Size, Age and Market Area


Economic Vacancy Rates by Size, Age and Market Area

III-14
III-14

Average Rents for Adams County


Average Rent for Apartment Building/Community Features and Amenities

III-15
III-16

Apartment Unit Absorption by Quarter and Year


Estimate of New Apartments by Quarter
Monthly Resident Turnover by Size, Age and Market Area

III-17
III-17
III-18

Vacancy Rates During the Current Quarter - Adams County Cumulative Totals
Vacancy Rates During the Current Quarter - Aurora North
Vacancy Rates During the Current Quarter - Commerce City/Brighton
Vacancy Rates During the Current Quarter - Northglenn/Thornton
Vacancy Rates During the Current Quarter - Westminster

III-19
III-20
III-21
III-22
III-23

Market Area Descriptions and Census Tracts

III-24

600.00

III-1

Quarter

16 Q1

15 Q3

15 Q1

14 Q3

14 Q1

13 Q3

13 Q1

12 Q3

12 Q1

11 Q3

11 Q1

10 Q3

10 Q1

09 Q3

09 Q1

08 Q3

08 Q1

07 Q3

07 Q1

06 Q3

06 Q1

05 Q3

05 Q1

04 Q3

04 Q1

03 Q3

03 Q1

02 Q3

02 Q1

01 Q3

01 Q1

00 Q3

00 Q1

99 Q3

99 Q1

98 Q3

96 Q1
96 Q2
96 Q3
96 Q4
97 Q1
97 Q2
97 Q3
97 Q4
98 Q1
98 Q2
98 Q3
98 Q4
99 Q1
99 Q2
99 Q3
99 Q4
00 Q1
00 Q2
00 Q3
00 Q4
01 Q1
01 Q2
01 Q3
01 Q4
02 Q1
02 Q2
02 Q3
02 Q4
03 Q1
03 Q2
03 Q3
03 Q4
04 Q1
04 Q2
04 Q3
04 Q4
05 Q1
05 Q2
05 Q3
05 Q4
06 Q1
06 Q2
06 Q3
06 Q4
07 Q1
07 Q2
07 Q3
07 Q4
08 Q1
08 Q2
08 Q3
08 Q4
09 Q1
09 Q2
09 Q3
09 Q4
10 Q1
10 Q2
10 Q3
10 Q4
11 Q1
11 Q2
11 Q3
11 Q4
12 Q1
12 Q2
12 Q3
12 Q4
13 Q1
13 Q2
13 Q3
13 Q4
14 Q1
14 Q2
14 Q3
14 Q4
15 Q1
15 Q2
15 Q3
15 Q4
16 Q1
16 Q2

98 Q1

Rent (in dollars)

Percent Vacant

Vacancy Rate by Quarter


for Adams County

18

16

14

12

10

Quarter

Average Rent by Quarter


for Adams County

1400.00

1300.00

1200.00

1100.00

1000.00

900.00

800.00

700.00

Vacancy Rate by Market Area by Quarter


for Adams County
10
15 Q3

Percent Vacant

15 Q4

16 Q1

16 Q2

6
5
4
3
2
1
0
Aurora-North

Commerce City/
Brighton

Northglenn/Thornton

Westminster

Adams County Average

Market Area

Average Rent by Market Area by Apartment Type


for Adams County
2500

Efficiency

1 Bed

2 Bed, 1 Bath

2 Bed, 2 Bath

3 Bed

All

Rent (in dollars)

2000

1500

1000

500

0
Aurora-North

Commerce City/ Brighton

Northglenn/Thornton

Market Area
III-2

Westminster

Adams County Average

Vacancy Rate by Age of Building


for Adams County
60
15 Q3
50

15 Q4
16 Q1

Percent Vacant

16 Q2
40

30

20

10

0
To 1939

1940-49

1950-59

1960-69

1970-79

1980-89

1990-99

2000-09

2010 up

Year Built

Vacancy Rate by Size of Building


for Adams County
9
15 Q3
8
7

15 Q4
16 Q1

Percent Vacant

16 Q2
6
5
4
3
2
1
0
Up to 8

9 to 50

51 to 99

100 to 199

Number of Units in Building

III-3

200 to 349

350 up

Rent per Square Foot by Apartment Type


for Adams County

Rent per Square Foot (in dollars)

2
1.8

15 Q3

15 Q4

16 Q1

16 Q2

1.6
1.4
1.2
1
0.8
0.6
0.4
0.2
0
Efficiency

One Bedroom

Two Bed, One


Bath

Two Bed, Two


Bath

Three Bed

Average

Apartment Type

Rent per Square Foot by Apartment Unit Size


for Adams County
2

Rent per Square Foot (in dollars)

1.8

15 Q3

15 Q4

16 Q1

16 Q2

1.6
1.4
1.2
1
0.8
0.6
0.4
0.2
0
499 below

500 to 749

750 to 999

Apartment Unit Size (in square feet)

III-4

1000 above

400

200

0
96 Q1
96 Q2
96 Q3
96 Q4
97 Q1
97 Q2
97 Q3
97 Q4
98 Q1
98 Q2
98 Q3
98 Q4
99 Q1
99 Q2
99 Q3
99 Q4
00 Q1
00 Q2
00 Q3
00 Q4
01 Q1
01 Q2
01 Q3
01 Q4
02 Q1
02 Q2
02 Q3
02 Q4
03 Q1
03 Q2
03 Q3
03 Q4
04 Q1
04 Q2
04 Q3
04 Q4
05 Q1
05 Q2
05 Q3
05 Q4
06 Q1
06 Q2
06 Q3
06 Q4
07 Q1
07 Q2
07 Q3
07 Q4
08 Q1
08 Q2
08 Q3
08 Q4
09 Q1
09 Q2
09 Q3
09 Q4
10 Q1
10 Q2
10 Q3
10 Q4
11 Q1
11 Q2
11 Q3
11 Q4
12 Q1
12 Q2
12 Q3
12 Q4
13 Q1
13 Q2
13 Q3
13 Q4
14 Q1
14 Q2
14 Q3
14 Q4
15 Q1
15 Q2
15 Q3
15 Q4
16 Q1
16 Q2

25000

96 Q1
96 Q2
96 Q3
96 Q4
97 Q1
97 Q2
97 Q3
97 Q4
98 Q1
98 Q2
98 Q3
98 Q4
99 Q1
99 Q2
99 Q3
99 Q4
00 Q1
00 Q2
00 Q3
00 Q4
01 Q1
01 Q2
01 Q3
01 Q4
02 Q1
02 Q2
02 Q3
02 Q4
03 Q1
03 Q2
03 Q3
03 Q4
04 Q1
04 Q2
04 Q3
04 Q4
05 Q1
05 Q2
05 Q3
05 Q4
06 Q1
06 Q2
06 Q3
06 Q4
07 Q1
07 Q2
07 Q3
07 Q4
08 Q1
08 Q2
08 Q3
08 Q4
09 Q1
09 Q2
09 Q3
09 Q4
10 Q1
10 Q2
10 Q3
10 Q4
11 Q1
11 Q2
11 Q3
11 Q4
12 Q1
12 Q2
12 Q3
12 Q4
13 Q1
13 Q2
13 Q3
13 Q4
14 Q1
14 Q2
14 Q3
14 Q4
15 Q1
15 Q2
15 Q3
15 Q4
16 Q1
16 Q2

Number of Apartment Units

Number of Apartment Units

Estimate of Total Apartments by Year


for Adams County

39000

37000

35000

33000

31000

29000

27000

Year

New Apartment Units Added by Year


for Adams County

1400

1200
1150
1242

1000

800
744
780

600
637

527
592

373

222

403
336
267
241

128
97
51
27
4

234

308

92 83
52 48
20

54

234

244

120

140

240

342

88

68
000 00

III-5

24

Year

000

0000

220

000

322

144

100

39
0 0 0 0 0 0 0 19190 0 0 0

00000

24
00000 0

Vacancy Rates by Market Area by Apartment Type


for Adams County
12

Percent Vacant

10

Efficiency
One bedroom
Two bed, one bath
Two bed, two bath
Three bedroom
All

0
Aurora-North

Commerce City/ Brighton

Northglenn/Thornton

Westminster

Adams County Average

Market Area

Vacancy Rate by Apartment Type by Quarter


for Adams County
8
15 Q3

15 Q4

16 Q1

16 Q2

Percent Vacant

6
5
4
3
2
1
0
Efficiency

One Bedroom

Two Bed, One Bath Two Bed, Two Bath

Apartment Type

III-6

Three Bed

Average

Median Rent by Apartment Type by Quarter


for Adams County
2000
1800

15 Q3

Rent (in dollars)

15 Q4
1600

16 Q1

1400

16 Q2

1200
1000
800
600
400
200
0
Efficiency

One Bedroom

Two Bed, One BathTwo Bed, Two Bath

Three Bed

Average

Apartment Type

Average Rent by Size of Building


for Adams County
1600
1400

$1,316.82

$1,317.05

37 + units

5 Story or More

$1,213.39
Rent (in dollars)

1200
1000
800
600
400
200
$0.00
0
Up to 6 units

7 - 36 units

Size of Building

III-7

Vacancy Rates by Market Area for Adams County


First Figure = Rate for Quarter in Percent
Second Figure = Change from Year Ago
Third Figure = Twelve Month Average
2006
County
Aurora-North

Commerce City/
Brighton

Northglenn/
Thornton

3rd

4th

2007
1st

2nd

3rd

2008
4th

1st

2nd

3rd

2009
4th

1st

2nd

3rd

6.4 13.7 11.8 22.2 17.3 11.8

2010

9.0

10.7

10.3

6.1

9.0

7.3

5.6

6.4

4.0

6.0

5.4

2.7

4.0

5.6

-6.9

-5.7

0.1

-3.5

-4.7

0.4

-2.0

-1.3

-0.2

-3.8

-0.9

36.6

-1.4

2.9

10.4

9.0

9.0

7.7

6.1

6.4

5.8

5.5

5.5

4.5

4.3

13.4

3.3

4.2

8.4 10.9

4.3

4.1

6.2

2.1

4.8

-2.1

-4.5

-2.2

-4.6

9.4

7.7 16.0 10.9

6.7

6.9

7.4

8.6

8.1

6.9

6.4

5.2

7.6

9.1 15.7 17.1 15.8 15.1

12.2

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

3.2 42.6*

2nd

2014

-2.9 -11.5

8.5
0.5

4th

2013

2nd

6.4

3rd

2012

1st

-3.0

0.0

2011

4th

3rd

1st

1.1

3.7

0.9

2.3

-2.1 -38.9

-3.1

-3.3

2.8

2.0

3.6

3.6

2nd

2015

4th

3rd

4th

2016

1st

2nd

3rd

4th

1.0

0.0

10.4

3.0

0.9

2.0

-0.1

-3.7

9.5

0.7

0.9

-8.4

2.0

1.1

3.4

3.6

4.8

2.0

4.5

1st

2nd

5.6

9.4

3.2

3.2

3.7

4.8

5.2

4.0

5.2

8.3

8.3

7.9

2.3

7.2

2.1

4.0

3.4

5.9

5.0

1.9

6.6

4.7

4.4

5.9

4.9

3.8

5.8

3.8

2.8

2.8

21.0

9.2

3.5

4.0

3.1

3.2

3.4

6.2

4.0

6.9

1.5

2.1

-0.9

-1.0

-1.9

-4.6

1.9

0.8

1.5

3.5

3.2

3.9

0.0

-1.1

-6.2

-3.9

1.1

-1.3

2.9

-2.1

3.2

0.3

-0.7

3.9

-1.8

-0.9

1.4

-2.1

-2.1

-1.0

15.2

5.4

0.7

1.2 -17.9

-6.0

-0.1

2.2

0.9

3.7

5.3

5.9

5.6

5.4

4.9

3.8

4.2

4.4

4.8

6.5

7.3

8.1

6.7

6.4

4.9

3.9

4.2

3.9

4.4

3.1

5.1

4.6

4.4

5.4

5.0

4.7

5.1

4.6

4.1

3.8

7.6

9.0

9.1

9.4

5.0

3.5

3.4

4.0

4.2

5.1

6.1

6.9

7.1

6.6

7.2

8.7

6.6

7.9

8.8

8.9

8.2

8.7

6.0

6.3

5.6

4.6

4.2

4.5

4.4

4.9

5.5

6.1

4.8

5.3

4.4

4.8

3.5

3.6

6.1

6.3

4.0

4.4

4.2

4.2

5.3

3.7

4.5

6.1

5.1

4.8

-1.5

-0.8

0.5

0.9

1.1

1.8

-0.5

1.3

1.6

0.2

1.5

0.8

0.0

-2.6

-2.6

-4.1

-1.7

-1.8

-1.2

0.3

1.3

1.3

0.4

0.4

-1.1

-1.4

-1.4

-1.7

1.7

1.6

0.6

0.8

-1.9

-2.1

1.3

-0.6

0.3

2.0

-0.2

1.1

6.5

6.3

6.4

6.7

6.9

7.4

7.3

7.6

8.0

8.1

8.3

8.6

7.9

7.3

6.6

5.6

5.2

4.7

4.4

4.6

5.1

5.2

5.3

5.4

5.2

4.8

4.5

4.1

4.5

4.9

5.0

5.2

4.7

4.2

4.5

4.4

4.4

4.9

4.9

5.1

6.7

7.5

8.3

6.1

5.1

6.7

6.4

5.9

5.6

8.5

7.3

7.5

7.4

6.2

8.6

5.5

4.6

6.8

6.6

5.7

5.0

4.5

4.2

4.5

4.1

4.3

4.1

4.0

5.5

4.5

4.2

4.5

3.6

3.3

2.8

3.9

4.1

5.0

4.0

9.1

-1.3

-1.0

0.8

-0.7

-1.6

-0.8

-2.0

-0.1

0.6

1.8

1.0

1.5

0.0

-2.3

1.2

-1.9

-2.8

0.1

-1.9

0.2

0.4

0.4

-2.5

-1.2

-0.9

-0.2

0.0

-0.5

1.4

0.2

0.0

0.4

-1.9

-1.2

-1.3

-0.5

0.5

1.7

1.2

5.1

7.4

7.1

7.3

7.2

6.7

6.5

6.1

6.0

6.2

7.3

7.3

7.7

7.7

7.1

7.4

6.9

6.2

6.4

5.8

5.7

5.6

5.5

4.9

4.6

4.3

4.3

4.3

4.2

4.5

4.5

4.6

4.7

4.2

3.9

3.5

3.4

3.5

4.0

4.3

5.5

6.4

7.4

7.8

6.3

5.9

7.4

6.4

6.8

7.5

8.8

8.4

8.5

6.7

6.3

6.8

5.2

4.4

5.7

5.6

5.2

5.3

5.3

4.5

4.9

4.2

4.5

5.2

3.8

5.7

5.3

4.7

4.5

3.9

3.7

4.0

3.9

4.4

5.6

4.7

6.4

-1.4

-0.7

0.8

0.2

-0.5

0.0

-1.3

0.4

1.5

1.4

1.9

1.8

0.0

-2.5

-1.6

-3.3

-2.2

-0.6

-1.2

0.0

0.9

0.7

-1.1

-0.3

-1.1

-0.7

0.6

-1.1

1.4

0.8

-0.4

0.7

-1.8

-1.6

-0.8

-0.7

0.5

1.9

0.7

2.5

6.9

6.7

6.9

7.0

6.9

6.8

6.5

6.6

7.0

7.7

8.1

8.6

8.1

7.5

7.1

6.2

5.7

5.5

5.2

5.1

5.4

5.3

5.1

5.0

4.7

4.6

4.7

4.4

4.8

5.0

4.9

5.1

4.6

4.2

4.0

3.9

4.0

4.5

4.6

5.3

Westminster

Adams County

Due to rounding of the vacancy rate, numbers may not always add exactly.

III-8

3rd

4th

Vacancy Rates by Size of Building


by Market Area for Adams County

Vacancy Rates by Size of Apartment Unit


by Market Area for Adams County

(In Percent)

(In Percent)

County
Aurora-North

Number of
Units

Up to 8
9 to 50
51 to 99
100 to199
200 to 349
350 up
Commerce
Up to 8
City/Brighton
9 to 50
51 to 99
100 to 199
200 to 349
350 up
Northglenn/
Up to 8
Thornton
9 to 50
51 to 99
100 to 199
200 to 349
350 up
Westminster
Up to 8
9 to 50
51 to 99
100 to 199
200 to 349
350 up
Adams County Up to 8
9 to 50
51 to 99
100 to 199
200 to 349
350 up

2015
3rd

2016
4th

3.0

1st

0.9

2nd

County
Aurora-North

1.5

Square Feet in
Unit
499 below
500 to 749
750 to 999
1000 above

2015

2016

3rd
0.0
2.3
8.3

4th

1st
6.7
0.6
0.0

2nd
2.0
2.3
2.5
0.9

2.1
9.7

6.5

0.0

5.1
1.2

6.1
6.0

3.2
4.8

8.3
6.0

2.6
1.2
3.3
5.1
4.2
0.0
12.5
1.1
2.2
4.8
3.7
0.0
7.1
1.7
3.4
5.2
3.7

5.3
6.6
6.4
5.8
0.0
0.0
5.7
2.4
5.2
5.2
0.0
5.0
5.7
5.8
6.1
5.2

4.2
6.6
3.9

Commerce
City/Brighton

499 below
500 to 749
750 to 999
1000 above

5.6
3.2
1.4

9.0
4.0
7.9

3.2
2.7
7.9

10.3
5.3
6.5

Northglenn/
Thornton

499 below
500 to 749
750 to 999
1000 above

8.7
4.4
4.6
4.2

9.1
6.5
6.0
5.6

8.7
3.8
4.2
8.0

5.8
6.2
4.7
3.2

Westminster

499 below
500 to 749
750 to 999
1000 above

0.0
2.5
5.1
5.5

0.0
4.0
6.8
3.9

12.5
3.2
4.2
4.7

4.0
4.9
11.3
10.8

Adams County 499 below


500 to 749
750 to 999
1000 above

8.2
3.7
4.7
4.4

9.1
5.7
5.9
5.0

8.3
3.4
4.2
6.7

4.5
5.5
7.0
6.5

5.5
4.4
5.1

1.1
3.4
4.2
3.9

5.8
13.2
5.3

6.5
0.9
4.0
5.8
3.8

0.0
1.5
6.2
8.2
4.6

III-9

Vacancy Rates by Age of Building


by Market Area for Adams County

Vacancy Rates by Apartment Type


by Market Area for Adams County

(In Percent)

(In Percent)
2015

County
Aurora-North

Commerce City/ Brighton

Northglenn/Thornton

Westminster

Adams County

Year
To 1939
1940-49
1950-59
1960-69
1970-79
1980-89
1990-94
1995-99
1990-99
2000-09
2010 up
To 1939
1940-49
1950-59
1960-69
1970-79
1980-89
1990-94
1995-99
1990-99
2000-09
2010 up
To 1939
1940-49
1950-59
1960-69
1970-79
1980-89
1990-94
1995-99
1990-99
2000-09
2010 up
To 1939
1940-49
1950-59
1960-69
1970-79
1980-89
1990-94
1995-99
1990-99
2000-09
2010 up
To 1939
1940-49
1950-59
1960-69
1970-79
1980-89
1990-94
1995-99
1990-99
2000-09
2010 up

3rd

2016
4th

1st

0.9

3.0

County
2nd

1.5

2.1

4.2
6.0

1.2

4.9
7.1

4.2
2.4

2.1
13.7

9.7

6.5

0.0

6.0

4.8

6.0

2015
3rd

2016
1st

2nd

0.0
2.3
8.3

6.7
0.6
0.0

2.0
2.7
0.0
1.0
0.0

Other
All

3.0

0.9

2.0

Commerce City/Brighton
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed

3.5
1.9
4.4
2.6

6.7
3.4
4.7
17.5

2.2
5.2
6.5
2.5

8.1
10.3
4.1
0.0

Other
All

3.4

6.2

4.0

6.9

6.3
4.7
5.3
4.1
1.5

0.0
6.3
7.2
5.7
4.4

8.6
3.9
4.6
6.8
6.4

4.9
5.3
5.5
4.2
1.8

Apartment Type
Aurora-North
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed

4th

0.7
5.4
5.3

4.8
8.2
5.3

1.6
5.1
5.3

1.6
6.9
4.0

Northglenn/Thornton
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed

1.8
4.5
11.0

4.0
5.7
11.0

8.1
3.6

4.3
3.8

Other
All

3.8
4.5

5.4
6.1

5.4
5.1

1.8
4.8

4.1
6.8

Westminster
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed

1.8
3.4
3.4
6.2
5.1

5.5
4.2
6.9
5.0
4.7

4.1
3.7
3.5
5.0
4.1

0.0
9.4
6.4
11.1
6.7

Other
All

0.0
4.1

0.0
5.0

0.0
4.0

9.1

Adams County
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed

3.0
4.1
4.8
5.0
2.7

4.1
5.6
6.6
5.3
5.0

6.1
3.7
4.3
6.3
5.0

2.5
6.9
5.6
6.8
3.6

Other
All

3.7
4.4

5.3
5.6

3.8
4.7

1.8
6.4

12.5
4.0
3.4

0.0
5.5
5.4

1.1
3.4
4.3

4.3
5.3

4.4
4.1

5.8
3.8

6.7
3.1
91.3

2.2
4.8
4.8

4.7
7.3
4.8

2.2
4.1
5.1

1.8
6.1
4.3

3.0
4.3
5.8

4.1
5.1
8.3

7.8
3.5
4.8

4.9
3.5
53.2

III-10

Average Rents by Apartment Type


by Market Area for Adams County

Average Rents by Age of Building


by Market Area for Adams County

(In Dollars)

(In Dollars)

2015
3rd

2016
4th

1st

2nd

County
Aurora-North
695.00
725.00 1225.00
Efficiency
795.00
795.74 1456.79
1 Bed
895.00
926.25 1343.75
2 Bed, 1 Bath
1987.50
2 Bed, 2 Bath
2187.50
3 Bed
796.52
809.71 1559.15
All
Commerce City/Brighton
Efficiency
1049.62
998.71 1054.58 1061.54
1 Bed
1174.77 1191.21 1186.72 1186.98
2 Bed, 1 Bath
1430.65 1429.89 1432.20 1441.43
2 Bed, 2 Bath
1745.38 1624.75 1681.75 1720.00
3 Bed
1229.57 1200.79 1229.76 1238.16
All
Northglenn/Thornton
887.33
850.39
710.88
725.99
Efficiency
1093.02 1040.89 1096.08 1114.46
1 Bed
1226.39 1192.74 1238.67 1279.67
2 Bed, 1 Bath
1415.46 1373.51 1409.54 1447.23
2 Bed, 2 Bath
1645.19 1666.82 1678.26 1715.93
3 Bed
1231.02 1199.20 1246.79 1275.65
All
Westminster
728.73
721.93
981.35 1032.53
Efficiency
1058.84 1057.83 1094.18 1170.98
1 Bed
1215.66 1165.39 1246.23 1240.82
2 Bed, 1 Bath
1434.05 1414.30 1501.85 1607.84
2 Bed, 2 Bath
1756.03 1877.57 1932.01 2023.71
3 Bed
1198.82 1198.23 1296.74 1356.97
All
Adams County
769.24
756.93
833.94
966.69
Efficiency
1063.53 1040.74 1083.28 1147.29
1 Bed
1211.07 1187.37 1233.85 1263.64
2 Bed, 1 Bath
1419.78 1384.01 1435.67 1524.03
2 Bed, 2 Bath
1673.31 1729.76 1794.45 1844.95
3 Bed
1207.18 1196.99 1257.78 1316.62
All
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.

County
Aurora-North

Year
Built

2015
3rd

2016
4th

1st

To 1959
1960-69
1970-79
796.52
809.71
1980-89
1990-99
2000-09
2010 up
Commerce City/ Brighton To 1959
1960-69
1192.01 1192.01 1197.57
1970-79
942.00
942.76
917.90
1980-89
1990-99
1213.39 1213.39
2000-09
2010 up
1442.74 1376.29 1458.07
Northglenn/Thornton
To 1959
1960-69
1062.82 1014.44 1059.76
1970-79
1086.79 1047.49 1103.52
1980-89
1209.23 1183.02 1216.76
1990-99
1331.23 1309.45 1339.29
2000-09
1344.52 1285.46 1333.77
2010 up
1418.16 1379.95
Westminster
To 1959
1960-69
778.75
778.75 1103.75
1970-79
983.81
970.41 1127.20
1980-89
1199.95 1159.50 1311.89
1990-99
1443.49 1448.09 1441.01
2000-09
1485.71 1394.94 1475.51
2010 up
Adams County
To 1959
1960-69
1094.06 1062.89 1108.69
1970-79
1033.98 1016.16 1098.29
1980-89
1204.82 1184.53 1278.00
1990-99
1366.76 1345.39 1352.60
2000-09
1376.46 1315.90 1378.96
2010 up
1431.06 1378.03 1458.07
Rents are based on units being unfurnished with tenants paying gas and
electricity.

2nd

826.52

1672.65

1201.04
917.90
1213.39
1475.93
1114.76
1120.80
1263.56
1364.93
1372.52

1045.43
1302.90
1629.30
1542.92
1822.50
1146.14
1084.50
1330.53
1454.44
1442.01
1667.65

Average rents do not reflect "rental losses" from discounts/concessions, models,


delinquents, and bad debts.
Average rent minus rental losses equals effective rent.

III-11

Average Rents by Size of Building


by Market Area for Adams County

Median Rents by Apartment Type


by Market Area for Adams County

(In Dollars)

(in dollars)

Number of Units
Aurora-North
Up to 8
9 to 50
51 to 99
100 to 199
200 to 349
350 and up
Commerce City/Brighton
Up to 8
9 to 50
51 to 99
100 to 199
200 to 349
350 and up
Northglenn/Thornton
Up to 8
9 to 50
51 to 99
100 to 199
200 to 349
350 and up
Westminster
Up to 8
9 to 50
51 to 99
100 to199
200 to 349
350 and up
Adams County
Up to 8
9 to 50
51 to 99
100 to 199
200 to 349
350 and up

2015
3rd

2016
4th

796.52

2015

1st

809.71

2nd

County
Aurora-North
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Commerce City/Brighton
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Northglenn/Thornton
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Westminster
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Adams County
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All

826.52

1672.65

1213.39

1213.39

1213.39

1057.39
1442.74

1057.80
1376.29

1046.98
1458.07

1048.58
1475.93

730.66
1064.29
1202.88
1236.89
1242.41

736.97
1209.74
1199.56
1200.29

1411.00
792.81
711.30
869.52
1270.28
1196.85

1432.00
792.81
803.21
851.76
1306.06
1188.69

1103.75
956.43
1432.09
1195.54

1287.19
1426.54
1294.49

1411.00
759.07
857.07
1097.49
1257.36
1200.88

1432.00
900.89
803.21
1096.99
1243.93
1189.75

1213.39
897.55
1153.94
1320.72
1230.09

1213.39
826.52
1179.06
1355.40
1307.36

1186.40
1241.51
1265.39

1218.66
1279.19
1285.69

Rents reflect units being unfurnished with tenants paying gas and electricity.

3rd

2016
4th

1st

2nd

688.00
788.00
888.00

713.00
785.60
930.80

788.79

788.83

1359.70
1560.99
925.00
1988.00
2188.50
1564.62

897.19
1085.90
1299.41
1834.40
1239.38

898.31
1088.60
1298.29
1684.00
1115.14

898.50
1063.60
1298.29
1759.00
1263.17

898.31
1063.60
1298.29
1784.00
1282.77

796.43
1126.96
1233.89
1438.56
1710.82
1210.66

821.43
1053.69
1162.01
1406.71
1701.55
1150.89

862.05
1122.25
1216.88
1436.23
1710.00
1208.97

891.47
1119.36
1264.46
1458.97
1729.69
1239.29

619.17
1078.62
1122.16
1446.91
1808.71
1172.21

619.42
1039.74
1116.28
1478.99
1956.06
1167.39

1011.55
1116.84
1234.25
1518.71
2047.88
1236.02

1061.73
1179.17
1137.93
1602.00
2111.81
1283.22

691.00
1068.92
1176.66
1439.49
1777.20
1189.80

801.26
1042.81
1152.37
1407.40
1737.67
1150.38

888.00
1103.61
1217.58
1441.03
1763.80
1222.77

1053.55
1153.58
1233.86
1491.19
1847.60
1279.65

Average rents do not reflect "rental losses" from discounts/concessions, models,


delinquents, and bad debts.

Rents are based on 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.

Average rent minus rental losses equals effective rent.

III-12

Average Rent per Square Foot by Apartment Type

Average Rent Per Square Foot by Apartment Size

by Market Aread for Adams County


(In Dollars)

by Market Aread for Adams County

County
Apartment Type
Aurora-North
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Commerce City/Brighton
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Northglenn/Thornton
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Westminster
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Adams County
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All

2015
3rd

4th

(In Dollars)
2016
1st
2nd

1.46
1.18
1.12

1.59
1.37
1.16

1.21

1.36

County
Apartment Square Feet
Aurora-North

2.49
1.82
1.51
1.66
1.76
1.84

499 below
500 to 749
750 to 999
1000 above

2015
3rd

4th

1.46
1.18
1.12

2016
1st
2nd

1.59
1.37
1.16

2.49
1.22
1.88
1.68

Commerce City/Brighton
1.62
1.36
1.44
1.38
1.50

1.56
1.38
1.44
1.30
1.47

1.62
1.38
1.45
1.34
1.50

1.63
1.38
1.45
1.37
1.51

1.81
1.59
1.42
1.36
1.37
1.48

1.73
1.50
1.39
1.34
1.35
1.43

1.43
1.60
1.43
1.37
1.37
1.49

1.46
1.60
1.46
1.39
1.40
1.50

1.29
1.61
1.47
1.40
1.32
1.51

1.28
1.59
1.40
1.36
1.40
1.47

1.66
1.65
1.49
1.41
1.59
1.55

1.74
1.73
1.50
1.50
1.62
1.61

1.41
1.58
1.41
1.37
1.35
1.48

1.38
1.53
1.39
1.35
1.37
1.44

1.52
1.61
1.44
1.38
1.48
1.50

1.81
1.66
1.46
1.44
1.50
1.55

499 below
500 to 749
750 to 999
1000 above

1.68
1.46
1.41

1.68
1.40
1.40

1.66
1.46
1.42

1.65
1.48
1.43

1.88
1.64
1.42
1.34

1.77
1.55
1.40
1.30

1.37
1.66
1.45
1.33

1.36
1.63
1.48
1.38

2.08
1.59
1.49
1.38

2.09
1.57
1.44
1.36

2.02
1.69
1.51
1.44

2.13
1.69
1.61
1.52

1.82
1.59
1.44
1.35

1.77
1.56
1.41
1.32

1.41
1.65
1.47
1.38

1.86
1.65
1.54
1.45

Northglenn/Thornton
499 below
500 to 749
750 to 999
1000 above
Westminster
499 below
500 to 749
750 to 999
1000 above
Adams County
499 below
500 to 749
750 to 999
1000 above

Rents are based on the units being unfurnished with tenants paying electricity
and gas.

Rents are based on 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 rents do not reflect "rental losses" due to concessions, discounts,


model, delinquents and bad debts.

Average rent minus rental losses equals effective rent.

III-13

Rental Losses by Size, Age


and Market Area for Adams County

Economic Vacancy Rates by Size, Age


and Market Area for Adams County

Includes Concessions and Writeoffs

Defined as Physical Vacancy Plus Concessions/Writeoffs

Average Rent Minus Rental Losses Equals Effective Rent

as a Percentage of Gross Potential Rent

(In Percent)

(In Percent)

2015
Building Type

3rd

2016
4th

1st

Building
2nd

Type

2015
3rd

2016
4th

1st

2nd

Size (in units)

Size
Up to 8

3.9

9 - 50

7.2

4.0

Up to 8

51 - 99

19.3

14.3

11.9

100 - 199

10.0

11.2

9.9

200 to 349

11.0

10.6

-1.3

9.1

350 up

21.8

5.8

6.9

10.9

3.9

9 - 50

14.4

6.9

6.5

51 - 99

21.0

17.2

12.8

8.0

6.6

100 - 199

13.4

14.1

13.9

12.8

200 to 349

16.2

13.5

5.3

19.2

350 up

25.5

8.6

11.3

17.3

Age

Age (year built)

To 1959

To 1959

1960-69

18.0

9.3

12.4

9.5

1960-69

20.2

13.9

14.6

11.6

1970-79

11.9

11.1

11.2

8.1

1970-79

16.7

15.7

16.0

16.0

1980-89

11.1

12.9

-10.8

11.6

1980-89

15.9

17.5

-5.3

15.8

1990-99
2000-09

13.1

6.8

7.0

12.5

16.0

11.4

15.9

18.2

20.1

0.9

5.0

7.6

1990-99
2000-09

24.3

5.5

8.6

12.0

2010 up

5.5

3.2

-2.3

5.3

2010 up

11.3

7.7

2.5

58.5

14.4

6.5

Market Area
Aurora-North
11.3

11.0

Market Area
Aurora-North
Commerce City/Brighton

7.9

4.9

3.8

-0.3

Northglenn/Thornton

9.2

4.4

-0.2

7.5

Westminster

22.4

8.2

12.6

11.5

Average

14.6

5.6

3.4

9.6

Commerce City/Brighton

III-14

15.3

8.0

7.7

7.0

Northglenn/Thornton

13.7

10.6

5.3

12.9

Westminster

26.5

13.2

17.4

23.4

Average

19.0

11.5

8.6

17.8

Average Rents for Adams County


(in dollars)

1 Bed

2 Bed
1 Bath

2 Bed
2 Bath

3 Bed

1456.79

1343.75

1987.50

2187.50

1061.54

1186.98

1441.43

1720.00

725.99

1114.46

1279.67

1447.23

1715.93

1032.53

1170.98

1240.82

1607.84

2023.71

966.69

1147.29

1263.64

1524.03

1844.95

1100.00

1250.00

1295.00

1510.00

1213.39

1100.00

1250.00

1295.00

1510.00

1213.39

1456.79

1343.75

1987.50

2187.50

1559.15

1059.75

1181.68

1449.66

1725.38

725.99

1114.46

1279.67

1447.23

1715.93

1032.53

1170.98

1240.82

1607.84

2023.71

966.69

1147.37

1263.68

1524.48

1845.31

Efficency

Other

All

Market Area Totals


Aurora-North

1225.00

Commerce City/Brighton
Northglenn/Thornton
Westminster
Adams County Average

1559.15
1238.16
1296.50

1275.65
1356.97

1296.50

1316.62

Buildings with up to 6 Units


Aurora-North
Commerce City/Brighton
Northglenn/Thornton
Westminster
Adams County Average

Buildings with 7 to 36 Units


Aurora-North
Commerce City/Brighton
Northglenn/Thornton
Westminster
Adams County Average

Buildings with 37 and Above Units


Aurora-North

1225.00

Commerce City/Brighton
Northglenn/Thornton
Westminster
Adams County Average

1239.52
1296.50

1275.65
1356.97

1296.50

1316.82

Buildings with 5 Stories and Above


Aurora-North
Commerce City/Brighton
Northglenn/Thornton

1114.00

1514.00

1256.86

1114.00

1514.00

1256.86

Westminster
Adams County Average

III-15

Average Rent for Apartment Building/Community Features and Amenities in Adams County
(In Dollars)
With Feature/Amenity
Feature/Amenity

Efficiency

1 Bed

2 Bed
1 Bath

2 Bed
2 Bath

Without Feature/Amenity
3 Bed

All

Efficiency

1 Bed

2 Bed
1 Bath

2 Bed
2 Bath

Difference
3 Bed

All

Outside Storage

1021.19

1212.16

1341.61

1554.78

1756.99

1371.46

877.33

1073.20

1208.25

1471.57

1916.41

1253.68

117.79

Patio or Balcony

980.91

1177.59

1280.16

1527.04

1864.95

1344.15

725.00

911.38

1150.05

1181.75

1371.71

1003.60

340.55

Fireplace

970.61

1240.89

1408.48

1543.82

1900.93

1414.38

940.79

1004.63

1179.01

1438.69

1639.98

1147.62

266.76

Nine-Foot Ceilings

987.39

1279.86

1411.85

1597.70

1911.98

1457.30

876.64

995.63

1192.85

1328.16

1579.67

1130.84

326.47

Swimming Pool

966.69

1150.60

1271.33

1531.21

1852.71

1321.16

838.47

1096.44

1261.23

1425.00

1113.83

207.33

1013.14

1243.23

1370.95

1575.62

1924.03

1419.61

873.80

1015.82

1198.90

1391.86

1663.12

1169.90

249.70

Exercise Room

980.91

1184.31

1305.89

1546.21

1908.86

1356.12

746.33

973.57

1164.65

1360.96

1539.22

1138.12

218.00

Sport Court

886.84

1090.30

1205.40

1497.87

1813.31

1275.23

992.96

1180.63

1287.13

1539.13

1865.05

1339.00

-63.77

Microwave

1021.52

1265.12

1423.19

1578.12

1925.97

1435.48

878.69

1022.45

1195.65

1415.41

1742.16

1187.48

248.00

Washer/Dryer Hookups

856.70

1238.74

1428.84

1532.09

1903.58

1424.86

1046.08

1094.18

1206.26

1513.23

1764.51

1238.16

186.70

Garbage Disposal

966.69

1155.01

1271.53

1527.04

1849.29

1324.38

860.91

1096.01

1181.75

1340.63

992.24

332.15

Dishwasher

966.69

1181.83

1283.36

1531.21

1852.71

1347.38

908.86

1130.00

1261.23

1425.00

1005.47

341.91

Air Conditioning

966.69

1149.98

1268.57

1527.04

1849.29

1320.06

828.73

1113.98

1181.75

1340.63

1052.86

267.20

Ceiling Fan

966.77

1168.33

1290.96

1562.15

1894.81

1345.59

964.81

1089.36

1201.96

1417.72

1689.00

1238.35

107.25

1331.55

1506.69

1677.09

2044.55

1560.76

966.69

1098.76

1230.16

1458.65

1683.50

1244.37

316.39

1175.71

1177.43

1297.12

1549.83

1926.13

1357.80

725.88

1118.62

1246.80

1498.82

1756.35

1281.16

76.64

Clubhouse

980.91

1180.53

1291.55

1561.03

1922.86

1351.78

746.33

1001.71

1192.33

1361.96

1552.30

1178.93

172.85

Business Center

986.35

1224.56

1333.57

1566.23

1879.36

1399.43

856.60

1000.18

1184.70

1355.73

1635.13

1136.74

262.68

Pets Allowed

980.91

1155.59

1273.24

1527.04

1849.29

1325.25

725.00

815.99

1062.64

1181.75

1340.63

955.99

369.26

Resident Pays Sewer/Water

984.86

1195.02

1285.43

1531.00

1850.18

1359.56

813.57

947.34

1184.94

1398.33

1360.50

1063.07

296.49

1373.33

1554.97

1668.26

1868.31

1535.27

966.69

1124.65

1235.80

1501.30

1843.58

1292.41

242.85

Spa or Sauna

Attached Garage
Covered Parking

Unit Security/Alarm System


Handicapped Access

970.61

1214.78

1363.07

1560.71

1871.29

1390.72

940.79

1024.51

1195.15

1404.30

1773.74

1183.10

207.62

Heat Included in Rent

813.57

956.19

1156.27

1514.00

1370.00

1037.16

984.86

1167.83

1277.40

1524.11

1845.46

1337.37

-300.20

III-16

Apartment Unit Absorption by Quarter and Year for Adams County

2013

2014

2015

2016

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
36666
220
36886
5.2%
34986
1900
-22
36886
0
36886
4.7%
35141
1745
209
37208
0
37208
4.0%
35731
1477
-94
37208
24
37232
4.7%
35500
1732
392

Second
36886
0
36886
3.8%
35470
1416
484
36886
0
36886
4.5%
35210
1676
69
37208
0
37208
3.9%
35767
1441
36
37232
0
37232
6.4%
34857
2375
-642

Third
36886
0
36886
5.7%
34790
2096
-680
36886
322
37208
3.9%
35758
1450
548
37208
0
37208
4.4%
35579
1629
-188

Fourth
36886
0
36886
5.3%
34932
1954
142
37208
0
37208
3.7%
35824
1384
67
37208
0
37208
5.6%
35107
2101
-471

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.

Estimate of New Apartments by Quarter for Adams County


Beginning
Inventory
2009 1st
2nd
3rd
4th
2010 1st
2nd
3rd
4th
2011 1st
2nd
3rd
4th
2012 1st
2nd
3rd
4th
2013 1st
2nd
3rd
4th
2014 1st
2nd
3rd
4th
2015 1st
2nd
3rd
4th
2016 1st
2nd
3rd
4th

Units Added

36608
36608
36608
36647
36647
36647
36647
36647
36647
36647
36647
36666
36666
36666
36666
36666
36666
36886
36886
36886
36886
36886
36886
37208
37208
37208
37208
37208
37208
37232

III-17

0
0
39
0
0
0
0
0
0
0
19
0
0
0
0
0
220
0
0
0
0
0
322
0
0
0
0
0
24
0

Ending
Inventory
36608
36608
36647
36647
36647
36647
36647
36647
36647
36647
36666
36666
36666
36666
36666
36666
36886
36886
36886
36886
36886
36886
37208
37208
37208
37208
37208
37208
37232
37232

Year-End
36666
220
36886
5.3%
34932
1954
-76
36886
322
37208
3.7%
35824
1384
893
37208
0
37208
5.6%
35107
2101
-717

Monthly Resident Turnover


By Size, Age of Building, and Market Area
for Adams County
(In Percent)

2015
Building Type

3rd

2016
4th

1st

2nd

Size
Up to 8

0.0

9 - 50

1.4

51-99

3.4

5.1

3.1

4.5

100 - 199

3.9

3.7

4.1

5.4

1.4

200 to 349

5.7

5.0

3.8

4.8

350 up

5.6

4.2

3.7

5.0

Age
To 1959
1960-69

5.1

3.5

3.3

2.1

1970-79

4.4

4.7

4.2

5.7

1980-89

5.3

4.6

3.7

4.3

1990-99

6.4

3.9

4.3

4.4

2000-09

5.7

4.5

2.9

5.3

2010 up

5.2

6.0

9.1

4.1

3.6

4.5

5.7

4.4

6.7

6.2

Market Area
Aurora-North
Commerce City/Brighton
Northglenn/Thornton

5.5

4.9

3.7

4.9

Westminster

4.7

3.9

3.2

4.7

County Average

5.3

4.5

3.8

4.9

Resident turnover is for respective months of February, May, August


and November.

III-18

Vacancy Rates During the Current Quarter


Adams County

Rent Level
$000 to $225
$226 to $250
$251 to $275
$276 to $300
$301 to $325
$326 to $350
$351 to $375
$376 to $400
$401 to $425
$426 to $450
$451 to $475
$476 to $500
$501 to $525
$526 to $550
$551 to $575
$576 to $600
$601 to $625
$626 to $650
$651 to $675
$676 to $700
$701 to $725
$726 to $750
$751 to $775
$776 to $800
$801 to $825
$826 to $850
$851 to $875
$876 to $900
$901 to $925
$926 to $950
$951 to $975
$976 to $1000
$1001 to 1025
$1026 to 1050
$1051 to 1075
$1076 to 1100
$1101 to 1125
$1126 to 1150
$1151 to 1175
$1176 to 1200
$1201 to 1225
$1226 to 1250
$1251 to 1275
$1276 to 1300
$1301 to 1325
$1326 to 1350
$1351 to 1375
$1376 to 1400
$1401 to 1425
$1426 to 1450
$1451 to 1475
$1476 to 1400
$1501 to 1525
$1526 to 1550
$1551 to 1575
$1576 to 1500
$1601 to 1625
$1626 to 1650
$1651 to 1675
$1676 to 1600
$1701 to 1725
$1726 to 1750
$1751 to 1775
$1776 to 1800
$1801 to 1825
$1826 to 1850
$1851 to 1875
$1876 to 1900
$1901 to 1926
$1926 to 1950
$1951 to 1975
$1976 to 2000
$2000 and up
TOTALS

Efficiencies

One Bedroom

Total

Total

Vacant

Percent Vacant

16

0.0%

11

0.0%

38
10

7.9%
0.0%

16
1

6.3%
0.0%

66

0.0%

4
1
12
8
15
6
16
14
34
16
38
5
9
8

40

2.5%

Two Bedroom
Two Bathroom

Percent Vacant

0.0%
0.0%
0.0%
5.2%
2.1%
34.3%
22.9%
11.5%
1.6%
2.6%
14.6%
7.1%
5.7%
8.0%
2.9%
3.0%
2.4%
0.0%
2.7%
5.9%
6.5%
0.6%

Total

17
16

474
332

3.6%
4.8%

15
8

1
7
5

84
144
83

1.2%
4.9%
6.0%

11
5
1
3

159

166

95.8%

30

13.3%

257

2.7%
5

128

3.9%

40

7.5%

180

8
8
24
16
10
13
26

198

2.5%

496

7161

0.0%
0.0%
0.0%
0.0%
2.9%
0.0%
0.0%
0.0%
0.0%
4.9%
0.0%
2.7%
10.3%
36.4%
4.2%
3.8%
7.8%
0.0%
3.6%
8.2%
0.0%
10.4%
5.2%
1.4%
4.5%

5.0%

12

Percent Vacant

1
1
4
12
35
2
5
2
44
162
2
298
234
44
239
342
333
79
420
97
68
106
96
70
66

17
28
43
1

1
1
5
77
47
35
35
130
384
626
96
476
279
475
171
304
328
42
636
473
659
161

Two Bedroom
One Bathroom

6.9%

173

112

3072

Three Bedroom

Percent Vacant

1
1

0.0%
0.0%

0.0%

72
1
6

2.8%
0.0%
0.0%

16
15
6
4
13
22
6

2
2
4
119
4
178
260
124
145
64
152
204
584
225
226
256
541
236

0.0%
0.0%
0.0%
11.8%
0.0%
9.0%
5.4%
2.4%
4.8%
6.3%
0.0%
7.8%
2.6%
2.7%
1.8%
5.1%
4.1%
2.5%

126

4.0%

26

352

7.4%

14
16
14
3
7
4

1
5

10.7%

5.6%

Total

14
1
118
312

Data is only for buildings with a Certificate of Occupancy. Rents are calculated as if units are unfurnished.

III-19

112
84

0.9%
6.0%

72

0.0%

192
103
135
4584

7.3%
1.0%
87.4%
6.8%

Total

Other

Percent Vacant

1
1

0.0%
0.0%

0.0%

2
30
1
1
1
45
77

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%

36

2.8%

1
1

32
36
44
52

0.0%
0.0%
2.3%
1.9%

66

1.5%

45
16
68
24
70

8.9%
0.0%
0.0%
0.0%
4.3%

23
34

12
274
937

0.0%
8.4%
3.6%

Total

28
28

Total
Percent Vacant

3.6%
0.0%

Total

4
1
12
8
18
6
17
15
34
16
40
13
9
16
24
33
38
70
27
16
47
27
7
17
12
22
18
6
4
176
22
13
5
6
3
35
1
2
17
1
4

56

1.8%

3
14
1
141
1021

Percent

16

0.0%

12
1
5
77
47
36
37
173
406
662
114
482
281
591
400
312
626
278
682
716
1121
499
257
1185
581
213
296
422
358
651
226
271
529
541
493
128
162
40
32
568
44
164
196
66

0.0%
0.0%
0.0%
5.2%
2.1%
33.3%
21.6%
10.4%
1.5%
2.6%
13.2%
7.1%
5.7%
6.8%
3.3%
2.9%
2.6%
8.6%
4.8%
5.3%
6.2%
5.4%
6.2%
4.0%
4.6%
3.3%
5.7%
2.8%
6.1%
2.8%
2.7%
1.5%
33.3%
4.1%
2.6%
3.9%
3.7%
7.5%
0.0%
6.2%
2.3%
1.2%
8.7%
1.5%

45
16
140
24
70
192
115
409
16008

8.9%
0.0%
0.0%
0.0%
4.3%
7.3%
0.9%
34.5%
6.4%

Vacancy Rates During the Current Quarter


Aurora - North

Rent Level
$000 to $225
$226 to $250
$251 to $275
$276 to $300
$301 to $325
$326 to $350
$351 to $375
$376 to $400
$401 to $425
$426 to $450
$451 to $475
$476 to $500
$501 to $525
$526 to $550
$551 to $575
$576 to $600
$601 to $625
$626 to $650
$651 to $675
$676 to $700
$701 to $725
$726 to $750
$751 to $775
$776 to $800
$801 to $825
$826 to $850
$851 to $875
$876 to $900
$901 to $925
$926 to $950
$951 to $975
$976 to $1000
$1001 to 1025
$1026 to 1050
$1051 to 1075
$1076 to 1100
$1101 to 1125
$1126 to 1150
$1151 to 1175
$1176 to 1200
$1201 to 1225
$1226 to 1250
$1251 to 1275
$1276 to 1300
$1301 to 1325
$1326 to 1350
$1351 to 1375
$1376 to 1400
$1401 to 1425
$1426 to 1450
$1451 to 1475
$1476 to 1400
$1501 to 1525
$1526 to 1550
$1551 to 1575
$1576 to 1500
$1601 to 1625
$1626 to 1650
$1651 to 1675
$1676 to 1600
$1701 to 1725
$1726 to 1750
$1751 to 1775
$1776 to 1800
$1801 to 1825
$1826 to 1850
$1851 to 1875
$1876 to 1900
$1901 to 1926
$1926 to 1950
$1951 to 1975
$1976 to 2000
$2000 and up
TOTALS

Efficiencies

One Bedroom

Total

Total

Vacant

11

Percent Vacant

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Percent Vacant

Total

43

Other

Percent Vacant

Total

Total
Percent Vacant

Total

257

300

2.7%

43

2.3%

12

0.0%

40

2.5%

257

2.7%

12

0.0%

103
14
492

1.0%
0.0%
2.0%

0.0%

1
2.0%

0.0%

0.0%

2.7%

24

0.0%

Data is only for buildings with a Certificate of Occupancy. Rents are calculated as if units are unfurnished.

III-20

103
103

1.0%
1.0%

1
14
14

0.0%
0.0%

Percent

11

12

51

Total

2.5%

Three Bedroom

Percent Vacant

2.3%

12

40

Total

0.0%

Percent Vacant

10

Vacancy Rates During the Current Quarter


Commerce City/Brighton

Rent Level
$000 to $225
$226 to $250
$251 to $275
$276 to $300
$301 to $325
$326 to $350
$351 to $375
$376 to $400
$401 to $425
$426 to $450
$451 to $475
$476 to $500
$501 to $525
$526 to $550
$551 to $575
$576 to $600
$601 to $625
$626 to $650
$651 to $675
$676 to $700
$701 to $725
$726 to $750
$751 to $775
$776 to $800
$801 to $825
$826 to $850
$851 to $875
$876 to $900
$901 to $925
$926 to $950
$951 to $975
$976 to $1000
$1001 to 1025
$1026 to 1050
$1051 to 1075
$1076 to 1100
$1101 to 1125
$1126 to 1150
$1151 to 1175
$1176 to 1200
$1201 to 1225
$1226 to 1250
$1251 to 1275
$1276 to 1300
$1301 to 1325
$1326 to 1350
$1351 to 1375
$1376 to 1400
$1401 to 1425
$1426 to 1450
$1451 to 1475
$1476 to 1400
$1501 to 1525
$1526 to 1550
$1551 to 1575
$1576 to 1500
$1601 to 1625
$1626 to 1650
$1651 to 1675
$1676 to 1600
$1701 to 1725
$1726 to 1750
$1751 to 1775
$1776 to 1800
$1801 to 1825
$1826 to 1850
$1851 to 1875
$1876 to 1900
$1901 to 1926
$1926 to 1950
$1951 to 1975
$1976 to 2000
$2000 and up
TOTALS

Vacant

Efficiencies

One Bedroom

Total

Total

Percent Vacant

1
15

16
128

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Percent Vacant

Total

114

Total

37
40

0.0%
20.0%

0.0%

5.3%

30

8.1%

12

116

91

Other

Percent Vacant

2.2%

9
1

13.3%

270

Total

Total

Total
Percent Vacant

Total

10.3%

Data is only for buildings with a Certificate of Occupancy. Rents are calculated as if units are unfurnished.

III-21

78

169

0.0%
0.0%

6.4%

4.1%

30

0.0%

40

0.0%

Percent

1
15

16
128

6.3%
11.7%

37
40
12

0.0%
20.0%
0.0%

0.0%

205

3.9%

9
31

0.0%
12.9%

78

6.4%

30

0.0%

595

6.9%

0.0%

22

Three Bedroom

Percent Vacant

6.3%
11.7%

8
12

Percent Vacant

41

Vacancy Rates During the Current Quarter


Northglenn/Thornton

Rent Level
$000 to $225
$226 to $250
$251 to $275
$276 to $300
$301 to $325
$326 to $350
$351 to $375
$376 to $400
$401 to $425
$426 to $450
$451 to $475
$476 to $500
$501 to $525
$526 to $550
$551 to $575
$576 to $600
$601 to $625
$626 to $650
$651 to $675
$676 to $700
$701 to $725
$726 to $750
$751 to $775
$776 to $800
$801 to $825
$826 to $850
$851 to $875
$876 to $900
$901 to $925
$926 to $950
$951 to $975
$976 to $1000
$1001 to 1025
$1026 to 1050
$1051 to 1075
$1076 to 1100
$1101 to 1125
$1126 to 1150
$1151 to 1175
$1176 to 1200
$1201 to 1225
$1226 to 1250
$1251 to 1275
$1276 to 1300
$1301 to 1325
$1326 to 1350
$1351 to 1375
$1376 to 1400
$1401 to 1425
$1426 to 1450
$1451 to 1475
$1476 to 1400
$1501 to 1525
$1526 to 1550
$1551 to 1575
$1576 to 1500
$1601 to 1625
$1626 to 1650
$1651 to 1675
$1676 to 1600
$1701 to 1725
$1726 to 1750
$1751 to 1775
$1776 to 1800
$1801 to 1825
$1826 to 1850
$1851 to 1875
$1876 to 1900
$1901 to 1926
$1926 to 1950
$1951 to 1975
$1976 to 2000
$2000 and up
TOTALS

Two Bedroom

Two Bedroom

Efficiencies

One Bedroom

One Bathroom

Two Bathroom

Three Bedroom

Total

Total

Total

Total

Total

Vacant

16

Percent Vacant

Percent Vacant

Percent Vacant

1
1
5
77
4
35
19
2

0.0%
0.0%
0.0%
5.2%
0.0%
34.3%
36.8%
0.0%

434
10
298
179
475
171
292
232
42
526
473
546
67

2.8%
100.0%
6.7%
5.6%
8.0%
2.9%
3.1%
1.7%
0.0%
2.5%
5.9%
7.0%
0.0%

6
16
10
9
26

4
8

128
200

3.1%
4.0%

15
1

144

4.9%

38
10

7.9%
0.0%

16
1

6.3%
0.0%

12
10
20
10
38
5
9
4
13
28
38

Total

Total
Percent Vacant

Total

4
1
1
4

0.0%
0.0%
0.0%

35
2
5
2
7
2
2

2.9%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%

11
5
1
3

55
44
239
236
324
41
420
32
68
106
96
68
66

10.9%
36.4%
4.2%
3.8%
8.0%
0.0%
3.6%
3.1%
0.0%
10.4%
5.2%
1.5%
4.5%

68

2.9%

40

7.5%

14
6
6
3
7
4
16
12
6
4
13
22
6

4.9%

229

4361

5.3%

109

1964

5.5%

1
1

0.0%
0.0%

0.0%

72
1
6

2.8%
0.0%
0.0%

2
2
4
119
4
63
9
124
145
64
152
204
440
128
226
256
541
236

0.0%
0.0%
0.0%
11.8%
0.0%
9.5%
66.7%
2.4%
4.8%
6.3%
0.0%
7.8%
2.7%
4.7%
1.8%
5.1%
4.1%
2.5%

12
7
3
13
11
20
10
40
5
9
4
6
29
38
61
26
6
26
12
7
15
12
17
15
6
4
13
22
6
2

122

Data is only for buildings with a Certificate of Occupancy. Rents are calculated as if units are unfurnished.

III-22

112

2913

0.9%

4.2%

Percent

16

0.0%

1
1
5
77
4
36
21
45
10
470
28
304
181
554
174
300
232
99
572
716
902
396
104
587
384
213
172
422
273
507
129
262
332
541
236
68

0.0%
0.0%
0.0%
5.2%
0.0%
33.3%
33.3%
6.7%
0.0%
2.8%
39.3%
6.6%
5.5%
7.2%
2.9%
3.0%
1.7%
6.1%
5.1%
5.3%
6.8%
6.6%
5.8%
4.4%
3.1%
3.3%
8.7%
2.8%
6.2%
3.0%
4.7%
1.5%
3.9%
4.1%
2.5%
2.9%
7.5%
0.0%
0.0%
2.3%
1.2%

1
1

0.0%
0.0%

0.0%

2
30
1
1
1
36
76

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%

1
1

32
36
44
52

0.0%
0.0%
2.3%
1.9%

1
2

40
32
36
44
164

36

2.8%

36

2.8%

45

8.9%

45

8.9%

40
24
70

0.0%
0.0%
4.3%

40
24
70

0.0%
0.0%
4.3%

12

0.0%

12

0.0%

542

1.8%

9917

4.8%

28
28

3.6%
0.0%

81

Other

Percent Vacant

0.0%

12
7

Percent Vacant

10

56

1.8%

475

Vacancy Rates During the Current Quarter


Westminster

Rent Level
$000 to $225
$226 to $250
$251 to $275
$276 to $300
$301 to $325
$326 to $350
$351 to $375
$376 to $400
$401 to $425
$426 to $450
$451 to $475
$476 to $500
$501 to $525
$526 to $550
$551 to $575
$576 to $600
$601 to $625
$626 to $650
$651 to $675
$676 to $700
$701 to $725
$726 to $750
$751 to $775
$776 to $800
$801 to $825
$826 to $850
$851 to $875
$876 to $900
$901 to $925
$926 to $950
$951 to $975
$976 to $1000
$1001 to 1025
$1026 to 1050
$1051 to 1075
$1076 to 1100
$1101 to 1125
$1126 to 1150
$1151 to 1175
$1176 to 1200
$1201 to 1225
$1226 to 1250
$1251 to 1275
$1276 to 1300
$1301 to 1325
$1326 to 1350
$1351 to 1375
$1376 to 1400
$1401 to 1425
$1426 to 1450
$1451 to 1475
$1476 to 1400
$1501 to 1525
$1526 to 1550
$1551 to 1575
$1576 to 1500
$1601 to 1625
$1626 to 1650
$1651 to 1675
$1676 to 1600
$1701 to 1725
$1726 to 1750
$1751 to 1775
$1776 to 1800
$1801 to 1825
$1826 to 1850
$1851 to 1875
$1876 to 1900
$1901 to 1926
$1926 to 1950
$1951 to 1975
$1976 to 2000
$2000 and up
TOTALS

Vacant

Two Bedroom

Two Bedroom

Efficiencies

One Bedroom

One Bathroom

Two Bathroom

Total

Total

Total

66

Percent Vacant

Percent Vacant

Total

Three Bedroom

Percent Vacant

Total

Percent Vacant

Other
Total

Total
Percent Vacant

Total

0.0%

6
12
4
14
6

384
389
86
178
100

1.6%
3.1%
4.7%
7.9%
6.0%

20
4

222
96

9.0%
4.2%

4
21
5
1
8
7
8

110
208
113
94
256
232
132

3.6%
10.1%
4.4%
1.1%
3.1%
3.0%
6.1%

1
6
5

84
72
83

1.2%
8.3%
6.0%

30

6.7%

7
8
18

120
144
298
179

0.0%
4.9%
2.7%
10.1%

106

3.8%

38

0.0%

7
22

65
126

10.8%
17.5%

78

3.8%

0.0%

1
159

166

180

300

3185

60

9.4%

29

3.4%

36

2.8%

10
6

115
160

8.7%
3.8%

106

1.9%

144
97

2.1%
0.0%

27
7

208
108

13.0%
6.5%

48

0.0%

124
352

2.4%
7.4%

87

1362

0.0%

5.0%

3
26

100

5.6%

5.0%

12

0.0%

18

12.0%

6.4%

84

6.0%

72

0.0%

14

192

7.3%

118
223

135
2010

87.4%
11.1%

Data is only for buildings with a Certificate of Occupancy. Rents are calculated as if units are unfurnished.

III-23

Percent

0.0%

384
389
86
178
130

1.6%
3.1%
4.7%
7.9%
6.2%

1
186
7

186
395
394
179
110
244
219
94
409
393
197
126
84
178
161
144
97
18
374
108

0.0%
7.1%
3.0%
10.1%
3.6%
9.0%
4.1%
1.1%
4.4%
3.3%
7.6%
17.5%
1.2%
4.5%
5.0%
2.1%
0.0%
5.6%
49.7%
6.5%

6
12
4
14
8

95.8%

73

Percent Vacant

28
12
18
4
22
9
1
18
13
15
22
1
8
8
3

36

2.8%

3
1

60
84

5.0%
1.2%

24

8.3%

3
35
2

124
532
24

2.4%
6.6%
8.3%

17

184

9.2%

16
124

0.0%
0.0%

14

192

7.3%

142
637

411
7035

34.5%
9.1%

16
52

24
27

276
405

0.0%
0.0%

8.7%
6.7%

DEFINITION OF ADAMS COUNTY MARKET AREAS AND CENSUS TRACTS

Market Area Boundaries:


Aurora - North

North: I-70; East: Arapahoe County; South: Colfax; West: City and
County of Denver boundary

Commerce City,
Brighton

North: I-76, East: Adams County; South: City and County of Denver;
West I-25

Northglenn, Thornton

North: Adams County; South and East: I-76; West: I-25

Westminster

North: Adams County; East: I-25; South: City and County of Denver:
West: Sheridan Blvd. and Boulder-Denver Turnpike

Census Tracts:
Aurora - North

78.00, 79.00, 80.00, 81.00, 82,00, 83.08, 83.09, 83.53

Commerce City,
Brighton

85.12 (pt), 85.14 (pt), 87.01 (pt), 87.03, 87.05 (pt), 87.06, 88.01 (pt),
88.02 (pt), 89.01 (pt)

Northglenn, Thornton

Northglenn - 85.05, 85.06, 85.07, 85.08 (pt), 85.18 (pt), 92.03 (pt),
93.04 (pt), 93.13 (pt), 93.14 (pt), 93.15 (pt), 93.16 (pt)
Thornton - 85.08 (pt), 85.11 (pt), 85.13 (pt), 85.17 (pt), 85.18 (pt), 85.19
(pt), 88.02 (pt), 90.01 (pt), 90.02 (pt), 90.03 (pt), 91.01, 91.02 (pt),
92.01, 92.02, 92.03 (pt), 93.04 (pt), 93.06 (pt), 93.07 (pt), 93.15 (pt),
93.16 (pt), 93.18 (pt)

Westminster

85.13 (pt), 85.16 (pt), 85.17 (pt), 85.18 (pt), 93.09 (pt), 93.13 (pt), 93.14
(pt), 93.17 (pt), 94.01 (pt), 94.03, 94.05, 94.06, 94.07 (pt), 95.01 (pt),
95.02 (pt), 96.03, 96.04 (pt), 96.05 (pt), 96.06 (pt), 98.12 (pt), 98.14 (pt),
98.16 (pt), 98.17 (pt), 98.20 (pt), 98.21 (pt), 102.08 (pt), 102.09 (pt)

Section IV - Arapahoe County


Table of Contents
Graphs
Vacancy Rate by Quarter
Average Rent by Quarter
Vacancy Rate by Market Area by Quarter
Average Rent by Market Area by Apartment Type
Vacancy Rate by Age of Building
Vacancy Rate by Size of Building
Rent per Square Foot by Apartment Type
Rent per Square Foot by Apartment Unit Size
Estimate of Total Apartments by Year
New Apartment Units Added by Year
Vacancy Rates by Market Area by Apartment Type
Vacancy Rate by Apartment Type by Quarter
Median Rent by Apartment Type by Quarter
Average Rent by Size of Building by Quarter

IV-1
IV-1
IV-2
IV-2
IV-3
IV-3
IV-4
IV-4
IV-5
IV-5
IV-6
IV-6
IV-7
IV-7

Tables
Vacancy Rates by Market Area
Vacancy Rates by Size of Building by Market Area
Vacancy Rates by Size of Apartment Unit by Market Area
Vacancy Rates by Age of Building by Market Area
Vacancy Rates by Apartment Type by Market Area

IV-8
IV-9
IV-9
IV-10
IV-10

Average Rents by Apartment Type by Market Area


Average Rents by Age of Building by Market Area
Average Rents by Size of Building by Market Area
Median Rents by Apartment Type by Market Area

IV-11
IV-11
IV-12
IV-12

Average Rent per Square Foot by Apartment Type by Market Area


Average Rent per Square Foot by Apartment Unit Size by Market Area

IV-13
IV-13

Rental Losses by Size, Age and Market Area


Economic Vacancy Rates by Size, Age and Market Area

IV-14
IV-14

Average Rents for Arapahoe County


Average Rent for Apartment Building/Community Features and Amenities

IV-15
IV-16

Apartment Unit Absorption by Quarter and Year


Estimate of New Apartments by Quarter
Monthly Resident Turnover by Size, Age and Market Area

IV-17
IV-17
IV-18

Vacancy Rates During the Current Quarter - Arapahoe County Cumulative Totals
Vacancy Rates During the Current Quarter - Arapahoe County South
Vacancy Rates During the Current Quarter - Arapahoe County Southeast
Vacancy Rates During the Current Quarter - Aurora Central Northeast
Vacancy Rates During the Current Quarter - Aurora Central Northwest
Vacancy Rates During the Current Quarter - Aurora Central Southeast
Vacancy Rates During the Current Quarter - Aurora Central Southwest
Vacancy Rates During the Current Quarter - Aurora South
Vacancy Rates During the Current Quarter - Englewood/Sheridan
Vacancy Rates During the Current Quarter - Glendale
Vacancy Rates During the Current Quarter - Littleton

IV-19
IV-20
IV-21
IV-22
IV-23
IV-24
IV-25
IV-26
IV-27
IV-28
IV-29

Market Area Descriptions and Census Tracts

IV-30

600.00

IV-1

Quarter
16 Q1

15 Q3

15 Q1

14 Q3

14 Q1

13 Q3

13 Q1

12 Q3

12 Q1

11 Q3

11 Q1

10 Q3

10 Q1

09 Q3

09 Q1

08 Q3

08 Q1

07 Q3

07 Q1

06 Q3

06 Q1

05 Q3

05 Q1

04 Q3

04 Q1

03 Q3

03 Q1

02 Q3

02 Q1

01 Q3

01 Q1

00 Q3

00 Q1

99 Q3

99 Q1

98 Q3

98 Q1

97 Q3

97 Q1

96 Q3

96 Q1

98 Q1
98 Q2
98 Q3
98 Q4
99 Q1
99 Q2
99 Q3
99 Q4
00 Q1
00 Q2
00 Q3
00 Q4
01 Q1
01 Q2
01 Q3
01 Q4
02 Q1
02 Q2
02 Q3
02 Q4
03 Q1
03 Q2
03 Q3
03 Q4
04 Q1
04 Q2
04 Q3
04 Q4
05 Q1
05 Q2
05 Q3
05 Q4
06 Q1
06 Q2
06 Q3
06 Q4
07 Q1
07 Q2
07 Q3
07 Q4
08 Q1
08 Q2
08 Q3
08 Q4
09 Q1
09 Q2
09 Q3
09 Q4
10 Q1
10 Q2
10 Q3
10 Q4
11 Q1
11 Q2
11 Q3
11 Q4
12 Q1
12 Q2
12 Q3
12 Q4
13 Q1
13 Q2
13 Q3
13 Q4
14 Q1
14 Q2
14 Q3
14 Q4
15 Q1
15 Q2
15 Q3
15 Q4
16 Q1
16 Q2

Rent (in dollars)

Percent Vacant

Vacancy Rate by Quarter


for Arapahoe County

14

12

10

Quarter

Average Rent by Quarter


for Arapahoe County

1400.00

1300.00

1200.00

1100.00

1000.00

900.00

800.00

700.00

Vacancy Rate by Market Area by Quarter


for Arapahoe County
30
15 Q3
15 Q4
25

16 Q1

Percent Vacant

16 Q2
20

15

10

Arapahoe Co-South

Arapahoe CoSoutheast

Aurora-Central
Northeast

Aurora-Central
Northwest

Aurora-Central
Southeast

Aurora- Central
Southwest

Aurora-South

Englewood/Sheridan

Glendale

Littleton

Arapahoe County
Average

Market Area

Average Rent by Market Area by Apartment Type


for Arapahoe County
3000

Efficiency
2 Bed, 1 Bath
3 Bed

1 Bed
2 Bed, 2 Bath
All

Rent (in dollars)

2500

2000

1500

1000

500

Arapahoe Co-South

Arapahoe CoSoutheast

Aurora-Central
Northeast

Aurora-Central
Northwest

Aurora-Central
Southeast

Aurora- Central
Southwest

Aurora-South

Market Area
IV-2

Englewood/Sheridan

Glendale

Littleton

Arapahoe County
Average

Vacancy Rate by Age of Building


for Arapahoe County
30
15 Q3
25

15 Q4
16 Q1

Percent Vacant

16 Q2
20

15

10

0
To 1939

1940-49

1950-59

1960-69

1970-79

1980-89

1990-99

2000-09

2010 up

Year Built

Vacancy Rate by Size of Building


for Arapahoe County
9
15 Q3
8
7

15 Q4
16 Q1

Percent Vacant

16 Q2
6
5
4
3
2
1
0
Up to 8

9 to 50

51 to 99

100 to 199

Number of Units in Building

IV-3

200 to 349

350 up

Rent per Square Foot by Apartment Type


for Arapahoe County
2.5

Rent per Square Foot (in dollars)

15 Q3
15 Q4
2

16 Q1
16 Q2

1.5

0.5

0
Efficiency

One Bedroom

Two Bed, One


Bath

Two Bed, Two


Bath

Three Bed

Average

Apartment Type

Rent per Square Foot by Apartment Unit Size


for Arapahoe County
2.5

Rent per Square Foot (in dollars)

15 Q3
15 Q4
16 Q1

16 Q2
1.5

0.5

0
499 below

500 to 749

750 to 999

Apartment Unit Size (in square feet)

IV-4

1000 above

200

400

60
12

200 172
126

74

376

600

6998
25

470

374
340

124

800

1800

134

240

322

244
196

134
92

IV-5

102
60
200

Year

619 602

510
508
479

404

0 200 0 0 0 0 0

819

185

84
80
20 0 0
0

436

166

00000

0000

293

36
0

558

86

55
0

174

66

222

16 Q1

15 Q3

15 Q1

14 Q3

14 Q1

13 Q3

13 Q1

12 Q3

12 Q1

11 Q3

11 Q1

10 Q3

10 Q1

09 Q3

09 Q1

08 Q3

08 Q1

07 Q3

07 Q1

06 Q3

06 Q1

05 Q3

05 Q1

04 Q3

04 Q1

03 Q3

03 Q1

02 Q3

02 Q1

01 Q3

01 Q1

00 Q3

00 Q1

99 Q3

99 Q1

98 Q3

98 Q1

97 Q3

97 Q1

96 Q3

96 Q1

45000

96 Q1
96 Q2
96 Q3
96 Q4
97 Q1
97 Q2
97 Q3
97 Q4
98 Q1
98 Q2
98 Q3
98 Q4
99 Q1
99 Q2
99 Q3
99 Q4
00 Q1
00 Q2
00 Q3
00 Q4
01 Q1
01 Q2
01 Q3
01 Q4
02 Q1
02 Q2
02 Q3
02 Q4
03 Q1
03 Q2
03 Q3
03 Q4
04 Q1
04 Q2
04 Q3
04 Q4
05 Q1
05 Q2
05 Q3
05 Q4
06 Q1
06 Q2
06 Q3
06 Q4
07 Q1
07 Q2
07 Q3
07 Q4
08 Q1
08 Q2
08 Q3
08 Q4
09 Q1
09 Q2
09 Q3
09 Q4
10 Q1
10 Q2
10 Q3
10 Q4
11 Q1
11 Q2
11 Q3
11 Q4
12 Q1
12 Q2
12 Q3
12 Q4
13 Q1
13 Q2
13 Q3
13 Q4
14 Q1
14 Q2
14 Q3
14 Q4
15 Q1
15 Q2
15 Q3
15 Q4
16 Q1
16 Q2

Number of Apartment Units

Number of Apartment Units

Estimate of Total Apartments by Year


for Arapahoe County

65000

63000

61000

59000

57000

55000

53000

51000

49000

47000

Year

New Apartment Units Added by Year


for Arapahoe County

2000

1795

1600

1400

1200
1287

1000

741
876

454

548

306

235

257

206
180

Vacancy Rates by Market Area by Apartment Type


for Arapahoe County
25

Percent Vacant

20

Efficiency
One bedroom
Two bed, one bath
Two bed, two bath
Three bedroom
All

15

10

Arapahoe Co-South

Arapahoe CoSoutheast

Aurora-Central
Northeast

Aurora-Central
Northwest

Aurora-Central
Southeast

Aurora- Central
Southwest

Aurora-South

Englewood/Sheridan

Glendale

Littleton

Arapahoe County
Average

Market Area

Vacancy Rate by Apartment Type by Quarter


for Arapahoe County
12
15 Q3
15 Q4

10

16 Q1

Percent Vacant

16 Q2
8

0
Efficiency

One Bedroom

Two Bed, One BathTwo Bed, Two Bath

Apartment Type

IV-6

Three Bed

Average

Median Rent by Apartment Type by Quarter


for Arapahoe County
2000
15 Q3

1800
1600

15 Q4
16 Q1

Rent (in dollars)

16 Q2

1400
1200
1000
800
600
400
200
0
Efficiency

One Bedroom

Two Bed, One BathTwo Bed, Two Bath

Three Bed

Average

Apartment Type

Average Rent by Size of Building


for Arapahoe County
1400.00

$1,263.98

1200.00
Rent (in dollars)

1000.00

$900.00

$881.14

800.00
600.00
400.00
200.00
$0.00
Up to 6 units

7 - 36 units

37 + units

Size of Building

IV-7

5 Story or More

Vacancy Rates by Market Area for Arapahoe County


First Figure = Rate for Quarter in Percent
Second Figure = Change from Year Ago
Third Figure = Twelve Month Average
2006
County
Arapahoe CoSouth
Arapahoe CoSoutheast
Aurora-Central
Northeast
Aurora-Central
Northwest
Aurora-Central
Southeast
Aurora- Central
Southwest
Aurora-South

Englewood/
Sheridan
Glendale

Littleton

Arapahoe
County

2007

2008

3rd

4th

1st

2nd

3rd

4th

1st

6.6
0.0
6.8
3.9
-0.3
5.1
12.5
3.6
11.1
14.6
8.6
9.5
6.4
0.6
7.0
8.1
-0.1
8.3
4.2
-2.8
5.9
5.1
-0.9
6.4
7.5
-2.0
7.5
4.9
-1.7
5.7
6.7
-0.1
7.0

6.4
-1.1
6.5
7.6
2.0
5.6
9.6
0.4
11.2
7.1
-1.5
9.1
6.8
-0.5
6.9
10.4
1.8
8.7
5.6
-1.4
5.6
6.6
-0.9
6.2
8.3
1.2
7.8
5.8
-1.2
5.4
7.4
0.0
7.0

5.6
-1.4
6.1
4.4
-1.2
5.3
8.4
-2.8
10.5
7.2
-0.8
8.9
6.9
0.2
6.9
13.5
4.8
9.9
7.7
0.9
5.8
7.0
0.3
6.3
8.2
1.8
8.3
5.6
0.1
5.5
7.8
0.8
7.2

3.8
-2.1
5.6
5.1
-0.3
5.3
10.7
-1.1
10.3
6.1
-0.7
8.7
4.9
-2.6
6.3
7.0
-0.5
9.8
7.1
1.3
6.1
6.6
0.1
6.3
6.6
-2.5
7.6
4.7
-0.8
5.3
6.1
-0.7
7.0

3.9
-2.7
4.9
4.4
0.5
5.4
8.9
-3.6
9.4
4.8
-9.8
6.3
4.2
-2.3
5.7
5.3
-2.8
9.1
5.1
0.9
6.4
5.5
0.4
6.4
6.3
-1.2
7.3
4.4
-0.5
5.1
5.0
-1.7
6.6

4.8
-1.6
4.5
5.3
-2.3
4.8
7.1
-2.4
8.8
7.0
0.0
6.3
4.2
-2.7
5.0
5.8
-4.6
7.9
6.8
1.2
6.7
5.4
-1.2
6.1
7.6
-0.7
7.2
5.5
-0.3
5.1
6.0
-1.4
6.2

4.8
-0.8
4.3
11.2
6.9
6.5
7.0
-1.4
8.4
7.3
0.1
6.3
5.2
-1.8
4.6
5.9
-7.6
6.0
5.2
-2.5
6.0
5.1
-1.9
5.6
9.0
0.8
7.4
5.7
0.2
5.1
6.5
-1.4
5.9

2nd

3rd

2009
4th

1st

2nd

3rd

2010

2011

4th

1st

2nd

3rd

4th

1st

2nd

3.0 4.4 5.5 6.4 4.3 5.3 3.9


-0.9 0.5 0.7 1.7 1.3 0.9 -1.6
4.1 4.2 4.4 4.8 5.2 5.4 5.0
5.7 6.3 9.0 15.7 10.5 6.9 7.8
0.6 1.9 3.7 4.5 4.8 0.5 -1.2
6.7 7.1 8.1 9.2 10.4 10.5 10.2
5.3 13.0 11.9 11.9 13.5 12.4 15.1
-5.4 4.1 4.8 4.9 8.2 -0.6 3.2
7.1 8.1 9.3 10.5 12.6 12.4 13.2
6.2 8.1 10.3 13.9 12.8 9.5 9.8
0.1 3.3 3.3 6.6 6.5 1.5 -0.6
6.3 7.2 8.0 9.6 11.3 11.6 11.5
7.8 10.0 10.0 14.3 14.1 7.0 7.3
3.0 5.8 5.8 9.1 6.3 -2.9 -2.7
5.3 6.8 8.2 10.5 12.1 11.4 10.7
5.6 7.4 8.4 6.6 8.6 9.3 7.8
-1.4 2.0 2.6 0.6 3.0 1.9 -0.7
5.7 6.2 6.8 7.0 7.8 8.2 8.1
6.5 5.7 7.0 7.9 12.4 7.8 8.9
-0.6 0.6 0.3 2.7 5.9 2.1 1.9
5.9 6.0 6.1 6.8 8.3 8.8 9.2
4.4 5.1 7.4 7.4 8.4 13.7 9.3
-2.1 -0.4 2.1 2.4 4.0 8.6 1.8
5.1 5.0 5.5 6.1 7.1 9.3 9.7
7.3 7.5 8.5 8.9 10.0 9.7 9.6
0.7 1.2 0.9 -0.1 2.7 2.1 1.0
7.6 7.9 8.1 8.1 8.8 9.3 9.5
5.0 4.4 7.3 5.2 6.6 5.0 10.9
0.2 0.0 1.8 -0.6 1.7 0.7 3.6
5.2 5.1 5.6 5.4 5.9 6.0 6.9
5.9 6.9 8.3 9.7 10.7 8.5 8.6
-0.2 1.9 2.3 3.3 4.7 1.6 0.3
5.8 6.3 6.9 7.7 8.9 9.3 9.4

3.1
-3.4
4.1
6.0
-9.7
7.8
7.2
-4.7
12.0
7.5
-6.4
9.9
5.6
-8.7
8.5
9.1
2.5
8.7
8.6
0.7
9.4
7.6
0.2
9.8
8.0
-0.9
9.3
5.7
0.6
7.1
7.2
-2.5
8.7

3.0
-1.4
3.8
4.9
-5.6
6.4
8.9
-4.5
10.9
5.8
-7.0
8.1
5.5
-8.7
6.3
8.7
0.0
8.7
8.1
-4.3
8.3
5.6
-2.9
9.0
6.6
-3.4
8.5
3.2
-3.4
6.2
6.4
-4.2
7.7

2.4
-2.9
3.1
3.9
-3.0
5.6
5.7
-6.6
9.2
4.7
-4.8
6.9
4.9
-2.1
5.8
12.2
2.9
9.4
8.4
0.7
8.5
5.6
-8.2
7.0
6.1
-3.5
7.6
3.5
-1.6
5.8
6.7
-1.8
7.2

3.4
-0.5
2.9
4.8
-3.0
4.9
6.2
-8.9
7.0
5.1
-4.7
5.8
5.3
-2.0
5.3
10.2
2.5
10.0
8.2
-0.8
8.3
5.2
-4.1
6.0
6.2
-3.3
6.8
3.8
-7.0
4.1
6.6
-2.0
6.7

2.8
-3.6
2.9
5.8
-9.9
4.8
7.5
-4.4
7.1
6.2
-7.7
5.5
4.5
-9.8
5.1
8.2
1.6
9.8
8.4
0.5
8.3
4.3
-3.1
5.2
6.9
-2.0
6.5
2.9
-2.3
3.4
6.4
-3.3
6.6

2.8
-0.2
2.8
4.2
-0.7
4.6
8.6
-0.3
7.0
6.0
0.2
5.5
4.5
-0.9
4.8
7.2
-1.4
9.5
6.0
-2.1
7.8
5.0
-0.5
5.0
5.0
-1.6
6.1
4.5
1.3
3.7
5.5
-1.0
6.3

2013

2012
3rd

2014

2015

2016

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3.0 4.0
0.7 0.7
3.0 3.2
4.6 5.6
0.7 0.8
4.8 5.0
7.9 7.9
2.1 1.7
7.5 8.0
6.2 6.6
1.4 1.5
5.9 6.3
4.7 5.7
-0.2 0.3
4.8 4.8
7.0 9.9
-5.2 -0.3
8.2 8.1
6.7 7.8
-1.7 -0.4
7.3 7.2
4.1 5.3
-1.5 0.1
4.7 4.7
5.5 5.4
-0.7 -0.8
5.9 5.7
2.9 5.2
-0.5 1.4
3.5 3.9
5.6 6.8
-1.2 0.2
6.0 6.1

3.9
1.1
3.4
6.0
0.2
5.1
13.2
5.7
9.4
6.2
0.0
6.3
4.6
0.1
4.9
9.1
0.9
8.3
6.7
-1.7
6.8
2.7
-1.6
4.3
5.1
-1.8
5.2
4.1
1.3
4.2
6.3
-0.2
6.0

3.1
0.3
3.5
4.1
0.0
5.1
5.9
-2.7
8.7
5.5
-0.5
6.1
4.6
0.1
4.9
7.9
0.7
8.5
6.0
0.0
6.8
4.8
-0.3
4.2
6.4
1.4
5.6
3.9
-0.7
4.0
5.5
0.1
6.1

3.2
0.2
3.6
3.6
-1.0
4.8
3.8
-4.1
7.7
5.2
-1.0
5.9
4.6
-0.1
4.9
6.1
-0.8
8.3
4.7
-1.9
6.3
3.8
-0.3
4.2
6.9
1.4
5.9
4.7
1.8
4.5
4.8
-0.8
5.9

3.3
-0.8
3.4
4.9
-0.8
4.6
3.8
-4.1
6.7
6.1
-0.5
5.8
4.9
-0.7
4.7
7.6
-2.3
7.7
4.5
-3.3
5.5
4.3
-1.0
3.9
3.6
-1.9
5.5
5.5
0.3
4.6
5.0
-1.8
5.4

3.4
-0.5
3.2
4.2
-1.8
4.2
2.3
-10.9
4.0
5.3
-1.0
5.5
3.8
-0.8
4.5
3.8
-5.4
6.4
4.3
-2.4
4.9
4.4
1.7
4.3
5.0
-0.1
5.5
3.5
-0.6
4.4
4.1
-2.1
4.9

2.6
-0.5
3.1
3.9
-0.2
4.1
4.1
-1.9
3.5
4.7
-0.9
5.3
3.0
-1.6
4.1
3.4
-4.5
5.2
6.2
0.1
4.9
5.6
0.8
4.5
7.6
1.2
5.8
2.4
-1.5
4.0
4.5
-1.0
4.6

3.7
0.5
3.2
4.3
0.7
4.3
3.0
-0.8
3.3
6.4
1.2
5.6
3.4
-1.2
3.8
3.6
-2.6
4.6
6.3
1.6
5.3
3.8
0.0
4.5
7.3
0.4
5.9
3.2
-1.5
3.7
4.8
0.0
4.6

3.4
0.2
3.3
5.9
1.1
4.6
3.0
-0.8
3.1
5.6
-0.5
5.5
3.3
-1.6
3.4
4.1
-3.5
3.7
7.3
2.8
6.0
4.6
0.3
4.6
7.1
3.6
6.8
3.8
-1.8
3.2
5.2
0.1
4.6

3.1
-0.4
3.2
5.3
1.1
4.9
3.2
0.8
3.3
4.5
-0.7
5.3
3.5
-0.2
3.3
3.7
-0.1
3.7
5.5
1.2
6.3
3.9
-0.5
4.5
6.7
1.7
7.2
3.5
-0.1
3.2
4.5
0.3
4.7

2.7
0.2
3.2
5.8
1.9
5.3
4.4
0.3
3.4
4.1
-0.6
5.2
3.4
0.4
3.4
4.2
0.8
3.9
6.0
-0.2
6.3
4.3
-1.3
4.1
5.7
-1.9
6.7
3.3
1.0
3.4
4.6
0.1
4.8

3.1
-0.6
3.1
9.4
5.1
6.6
3.7
0.7
3.6
4.0
-2.4
4.6
3.3
-0.1
3.4
4.0
0.4
4.0
4.6
-1.8
5.8
3.6
-0.2
4.1
4.9
-2.4
6.1
6.1
2.9
4.2
4.6
-0.2
4.7

4.7
1.3
3.4
5.2
-0.7
6.4
2.4
-0.6
3.4
8.5
2.9
5.3
3.8
0.5
3.5
4.0
-0.1
4.0
4.5
-2.8
5.2
3.5
-1.1
3.8
6.6
-0.6
6.0
3.8
0.0
4.2
4.9
-0.3
4.6

4.5
1.4
3.8
5.5
0.2
6.5
3.6
0.4
3.5
6.2
1.6
5.7
3.1
-0.4
3.4
4.6
1.0
4.2
3.7
-1.8
4.7
3.4
-0.5
3.7
5.8
-0.9
5.8
13.0
9.6
6.6
4.9
0.4
4.7

3.1
0.4
3.8
5.5
-0.3
6.4
2.2
-2.2
3.0
5.8
1.7
6.1
5.5
2.1
4.0
3.3
-0.9
4.0
4.8
-1.1
4.4
4.7
0.4
3.8
6.5
0.7
5.9
9.4
6.0
8.1
5.0
0.4
4.8

4.8
1.6
4.3
4.8
-4.6
5.3
5.2
1.5
3.3
4.7
0.7
6.3
5.0
1.7
4.4
4.7
0.7
4.2
3.7
-0.9
4.2
4.5
0.9
4.0
25.6
20.7
11.1
7.4
1.2
8.4
5.5
0.9
5.1

6.0
1.3
4.6
6.6
1.3
5.6
5.8
3.4
4.2
8.1
-0.5
6.2
5.7
1.9
4.9
4.9
0.9
4.4
4.9
0.4
4.3
3.3
-0.2
4.0
18.6
12.0
14.1
8.3
4.5
9.5
6.2
1.3
5.4

7.8
3.3
5.4
5.4
-0.1
5.5
6.0
2.5
4.8
5.9
-0.3
6.1
5.9
2.8
5.5
4.8
0.1
4.4
3.4
-0.3
4.2
5.8
2.4
4.6
12.9
7.1
15.9
6.0
-7.1
7.7
5.7
0.9
5.6

6.7
3.6
6.3
4.0
-1.5
5.2
3.7
1.5
5.2
6.5
0.7
6.3
5.3
-0.3
5.5
4.2
0.8
4.6
3.8
-1.0
4.0
5.4
0.7
4.7
8.5
2.1
16.4
5.3
-4.1
6.7
4.8
-0.1
5.6

Due to rounding of the vacancy rate, numbers may not always add exactly.

IV-8

3rd

4th

Vacancy Rates by Size of Building


by Market Area for Arapahoe County

Vacancy Rates by Size of Apartment Unit


by Market Area for Arapahoe County

(In Percent)

(In Percent)

County
Arapahoe Co-South

Arapahoe CoSoutheast

Aurora-Central
Northeast

Aurora-Central
Northwest

Aurora-Central
Southeast

Aurora- Central
Southwest

Aurora-South

Englewood/Sheridan

Glendale

Littleton

Arapahoe County

Number of
Units

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

2015
3rd

2016
4th

1st

2015
2nd

County

Square Feet in Unit

0.0

Arapahoe Co-South

4th

1st

2nd

499 below
500 to 749
750 to 999
1000 above

2.7
6.4
4.7

35.5
3.6
4.8
7.4

9.7
3.8
11.3
6.6

0.0
3.3
5.9
9.5

Arapahoe CoSoutheast

499 below
500 to 749
750 to 999
1000 above

2.6
5.9
4.0
5.1

0.0
5.5
6.5
7.0

0.0
5.4
5.1
5.6

0.0
4.5
3.1
4.7

Aurora-Central
Northeast

499 below
500 to 749
750 to 999
1000 above

4.9
5.5
5.1
4.8

4.9
5.9
5.9
4.8

2.4
5.6
6.5
5.7

12.2
3.0
3.9
4.4

Aurora-Central
Northwest

499 below
500 to 749
750 to 999
1000 above

4.8
5.2
3.9
5.0

7.4
8.4
8.5
7.5

7.4
5.9
4.7
6.5

9.2
5.6
5.5
7.0

Aurora-Central
Southeast

499 below
500 to 749
750 to 999
1000 above

0.0
5.0
4.5
8.1

4.2
5.3
5.3
9.3

14.7
5.7
5.4
6.6

7.4
4.2
6.0
5.2

Aurora- Central
Southwest

499 below
500 to 749
750 to 999
1000 above

16.4
4.1
4.5
5.2

2.7
5.1
4.2
5.5

4.1
5.4
2.9
6.5

2.7
4.1
3.7
5.0

Aurora-South

499 below
500 to 749
750 to 999
1000 above

0.0
3.0
3.3
4.4

0.0
3.3
5.4
5.4

3.9
3.6
3.0

6.6
2.8
4.4

Englewood/Sheridan

499 below
500 to 749
750 to 999
1000 above

2.4
2.9
4.4
5.9

6.3
2.4
3.6
3.2

17.6
1.2
7.1
6.1

5.9
1.6
5.6
6.8

Glendale

499 below
500 to 749
750 to 999
1000 above

0.0
10.0
39.5
82.9

0.0
13.8
26.5
17.3

6.4
7.5
20.7
12.5

7.3
11.4
7.1

Littleton

499 below
500 to 749
750 to 999
1000 above

1.6
7.2
6.6
9.4

2.5
6.6
10.0
11.3

0.0
6.5
6.4
6.0

12.5
6.4
4.6
3.8

Arapahoe County

499 below
500 to 749
750 to 999
1000 above

3.9
4.9
5.4
6.3

6.3
5.7
6.0
7.1

6.6
5.3
5.8
6.1

7.4
4.5
4.6
5.5

0.0
3.0
5.6

2.9
7.1

0.0

0.0

18.5
4.9
3.8

7.1
5.9

6.2
4.2

3.7
4.2

0.0

14.8

22.2

14.8

6.9
5.2
5.1
0.0

5.7
3.8
5.9
0.0

6.5
6.1
5.7

5.7
4.1
3.3

2.2
4.9
5.0
4.6

3.4
4.1
6.1

4.4
5.6
3.9

3.8
9.9

6.7
4.3
2.8
11.7
0.0

3.8
4.8
7.4
0.0

3.2
6.0
6.3

6.3
4.6
6.6

4.5
6.8
3.6

4.9
7.3

10.0

2.5
9.1
3.5

0.0
3.3
2.3
1.5
9.3

4.9
3.9
6.2
0.0

3.5
5.1
3.9

7.7

10.8

3.1

6.2

3.6
3.6

6.6
4.4
0.0
3.1

4.4
3.2
0.0
3.1
1.3

5.6
3.3

4.4
2.6

3.6
8.8

2.4
8.6

0.0
2.9
4.5
87.7
5.9
0.0
2.0
1.1

0.0
3.8
8.7
27.6
10.5
0.0
4.4
5.6

0.0
3.6
7.1
21.3
5.5
0.0
1.7
4.4

3.0
6.6
10.6
7.0
9.5
2.4

8.4
7.9
0.0
1.8
2.3
4.7
7.2
4.6

9.5
6.9
0.0
4.1
6.1
4.1
7.9
5.3

6.6
5.7
0.0
4.1
3.3
4.5
7.6
4.8

4.9
6.6
5.7
3.5
3.5
4.1
5.0
4.9

2.3
0.0
6.9
4.3
5.1

2016

3rd

1.2
2.5

IV-9

Vacancy Rates by Age of Building


by Market Area for Arapahoe County

Vacancy Rates by Apartment Type


by Market Area for Arapahoe County

(In Percent)

(In Percent)
2016

County

0.7
4.7
4.7
3.8

0.0
4.3
5.7
6.3

7.9

12.6

16.8

9.1

8.1
0.0
6.7
3.7

8.1
0.0
7.0
6.3

10.1
5.0
5.1

7.4
10.0
3.4
3.8

4.0
6.7

6.1
6.0

6.7
5.4

3.5
3.7

5.2

3.8

6.1

4.1

6.3

9.2
5.7
5.8
2.9

6.0
4.7
1.0
5.5
12.0
2.0

5.2
7.2
8.5
6.5
2.0

6.6
5.3
3.2
3.0
4.0

7.7
3.5
5.6
3.6
5.0

7.7
3.2
4.4
7.8
19.8

3.4
2.9
4.7

1.1
3.3
2.4
4.0
7.3
6.3
2.3
3.7
6.4

1.4
3.9
4.3
6.4
6.0
4.5
0.0
2.9
3.8

1.7
4.6
4.6
3.1

1.0
4.9

13.6
1.1
0.5
8.4

6.3
3.3
0.8
6.6

2.5

2.8

4.8

6.4

Aurora-Central
Southeast

2.1

7.2
6.4
4.2

5.2
3.8
5.5
7.0
2.0
0.0
4.6
3.4
5.5
6.0

Aurora- Central
Southwest

8.7
7.5
8.6

41.0
Aurora-South

6.5
3.1
4.7

Arapahoe CoSoutheast

2.9
3.9
2.6
5.2

Aurora-Central
Northeast

1.5
3.2
3.9
5.6

Arapahoe Co-South

2nd

Aurora-Central
Northwest

1st

4.0

2.0
5.8

0.0
9.2

6.4
4.9

6.2

5.5
87.7

7.9
2.4
68.0

9.5
2.1
47.5

3.4
2.4
26.1

1.0
1.6
5.9
6.7
7.1
26.4
2.3
4.4
4.6
4.3
5.4
4.1
24.6

3.6
2.3
16.1
3.2
6.9
14.8
2.3
7.4
5.9
4.5
5.6
6.0
22.4

0.0
2.3
8.5
3.7
5.7

3.8
6.9
5.6
2.3
6.6

5.0
5.6
4.3
5.5
5.2
4.3
27.2

2.3
7.9
4.2
4.7
4.7
4.3
14.2

Englewood/
Sheridan

4th

Glendale

3rd

Littleton

Arapahoe Co-South
Arapahoe CoSoutheast
Aurora-Central
Northeast
Aurora-Central
Northwest
Aurora-Central
Southeast
Aurora- Central
Southwest
Aurora-South
Englewood/
Sheridan
Glendale
Littleton
Arapahoe County

Year
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up

Arapahoe County

2015
County

IV-10

2015

2016

Apartment Type

3rd

4th

1s

2nd

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

3.6
5.2
3.2
4.7
2.6
7.4
4.8
5.1
4.0
3.8
5.5
6.1
0.0
4.8
4.5
5.6
2.9
6.9
4.9

16.1
4.8
1.7
7.3
8.5
1.9
6.0
2.6
6.0
7.1
6.7
10.1
0.0
6.6
4.5
5.6
6.5
5.6
4.9

8.0
9.9
4.0
6.9
3.6
7.8
2.6
4.7
6.2
6.0
5.9
0.0
5.4
2.3
5.9
7.9
5.1
4.9

0.0
5.9
4.7
9.9
1.6
5.6
6.7
0.0
3.1
4.8
4.6
6.0
0.0
4.0
15.9
3.3
3.5
3.7
4.9

5.2
2.6
4.9
1.3
4.7
7.7

5.8
5.3
7.2
15.8
6.7
10.8

6.0
2.6
5.8
6.8
5.7
7.8

3.7
5.7
6.0
13.3
4.6
11.2

4.7
0.0
5.3
7.1
4.1
7.0
5.0
5.0
16.4
4.5
4.8
4.5
5.3

8.1
4.2
5.5
5.9
6.0
6.1
0.0
5.7
2.7
5.0
4.3
4.9
5.6

5.9
14.7
5.4
7.3
5.7
3.7
7.1
5.9
4.1
4.8
3.5
5.2
6.8

6.5
7.4
5.5
5.9
4.8
2.8
7.1
5.3
2.7
4.1
4.5
3.9
8.3

4.7
3.6
3.0
4.5
3.9
4.5
3.6
3.7
3.1
4.2
2.9
6.0
4.5

4.9
3.6
4.6
4.9
4.5
8.3
3.6
4.9
4.0
2.9
4.2
3.8
0.0

4.8
7.7
3.0
5.1
3.3
3.2
2.0
3.4
15.4
5.4
8.3
5.0
5.4

4.2
3.8
3.7
3.0
4.0
5.2
6.0
3.8
5.9
4.6
5.7
6.6
8.3

4.5
51.3
20.7
14.0
50.0
80.0

3.3
72.7
17.5
13.0
18.6
20.0

5.8
27.5
12.7
7.7
13.9
15.7

5.4
23.3
8.9
6.1
6.6
12.9

25.6
1.7
7.5
0.9
8.9
8.5
0.0
7.4
11.4
5.4
4.5
5.6
5.9
4.1
5.5

18.6
0.0
6.1
5.2
12.5
5.7

12.9
0.0
6.3
1.4
7.1
5.7
16.7
6.0
9.8
5.7
5.4
5.8
5.6
3.4
5.7

8.5
0.0
6.0
2.4
4.8
3.6

8.3
11.0
6.0
5.7
6.4
8.1
1.8
6.2

5.3
6.2
4.7
4.8
4.8
6.3
4.8
4.8

Average Rents by Apartment Type


by Market Area for Arapahoe County

Average Rents by Age of Building


by Market Area for Arapahoe County

(In Dollars)

(In Dollars)

2015
County
Arapahoe Co-South
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Arapahoe Co-Southeast
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Aurora-Central Northeast
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Aurora-Central Northwest
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Aurora-Central Southeast
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Aurora- Central Southwest
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Aurora-South
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Englewood/Sheridan
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Glendale
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Littleton
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Arapahoe County
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All

2016

2015

3rd

4th

1st

2nd

1155.71
1148.46
1242.35
1583.81
1951.12
1351.21

1141.46
1188.15
1281.70
1569.74
1990.96
1378.41

1276.95
1208.77
1255.64
1585.53
1972.93
1387.14

1200.11
1339.40
1397.19
1634.28
2073.34
1469.54

County
Arapahoe Co-South

Arapahoe Co-Southeast
1068.21
1331.56
1503.55
1654.93
1869.77
1508.67

999.87
1288.18
1475.92
1587.87
1804.38
1452.13

1125.85
1304.44
1511.79
1617.54
1894.85
1477.89

1100.00
1373.12
1574.03
1678.41
2006.03
1544.74

712.26
900.75
1039.94
1260.53
1832.94
1049.92

731.88
923.52
997.84
1280.85
1775.88
1053.64

744.74
954.16
1036.42
1299.84
1687.65
1085.11

782.03
1013.38
1137.25
1354.39
1770.00
1150.49

869.99
977.06
1164.95
1242.15
1577.52
1114.90

911.74
929.20
1192.08
1289.79
1561.28
1088.54

890.05
929.81
1094.33
1276.93
1591.75
1075.75

889.03
1013.43
1283.85
1311.82
1570.00
1146.33

888.03
988.33
1145.13
1229.35
1514.74
1108.22

912.50
988.57
1138.22
1211.73
1621.37
1104.20

835.82
1043.31
1181.72
1280.32
1713.45
1167.60

886.09
1052.11
1240.00
1314.81
1762.94
1193.62

730.68
1034.30
1145.70
1383.26
1944.55
1182.23

732.40
996.75
1162.14
1361.54
1861.48
1159.52

739.11
1013.50
1174.24
1361.80
1837.80
1165.21

776.64
1040.68
1224.96
1422.37
1909.32
1207.57

Aurora-Central Northeast

Aurora-Central Northwest

Aurora-Central Southeast

Aurora- Central Southwest

Aurora-South
966.43
1078.35
1221.49
1405.72
1711.94
1277.32

1000.71
1080.23
1181.57
1365.71
1770.28
1273.22

1054.81
1043.93
1219.80
1409.44
1763.06
1237.97

1191.73
1117.64
1215.25
1512.37
1800.01
1294.90
Englewood/Sheridan

613.59
1107.04
1255.00
1448.44
1766.86
1225.97

547.64
1127.34
1320.10
1405.47
1981.37
1242.10

589.96
1069.54
1253.14
1458.25
1975.32
1219.26

426.47
1172.04
1437.85
1554.18
2012.83
1326.79

1155.36
1111.76
1250.14
1976.11
2851.20
1264.29

1413.25
1233.28
1320.15
2030.19
2619.50
1495.99

1234.99
1226.45
1278.27
2041.07
2601.27
1462.62

1449.00
1260.71
1367.27
2012.01
2620.71
1515.07

Glendale

Littleton
680.52
1182.65
1265.65
1528.12
2034.58
1320.14

629.67
1153.64
1154.62
1502.28
1911.89
1285.26

616.06
1120.28
1215.57
1374.44
1904.17
1217.48

800.00
1267.97
1159.26
1545.16
2066.04
1380.84

890.45
1079.96
1170.98
1410.87
1768.32
1230.34

914.09
1069.55
1167.67
1412.23
1810.50
1229.09

948.47
1078.34
1180.83
1433.46
1839.74
1235.67

978.25
1139.44
1252.10
1498.93
1899.14
1298.76

Arapahoe County

Year Built
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up

2016

3rd

4th

1st

2nd

788.24
759.84
1382.45
1505.35

785.29
1095.41
1361.65
1472.53

792.06
1101.49
1399.60
1491.69

1047.50
1129.21
1256.03
1508.50

1592.11

1535.67

1615.00

1664.17

1246.11
1141.60
1505.34
1539.78

1208.80
1147.67
1554.80
1435.52

1230.22
1568.25
1465.35

1417.16
1270.13
1679.91
1514.81

893.03
1123.71

877.97
1145.35

897.31
1154.35

992.82
1177.87

1448.75

1470.82

1368.44

1463.87

1152.98
991.55
1139.39

1158.47
970.54
1159.12

1161.59
921.99
1190.72

1209.67
1061.32
1205.57

1369.20

1357.99

990.50
1066.99
1274.77
1262.02
1270.26
862.06

1048.90
1295.15
1280.26
1399.06
911.58

1101.72
1289.38
1349.27
1543.90
911.58

938.34
1154.26
1372.89
1624.50
1431.41

906.21
1143.42
1364.94
1491.99
1403.26

946.12
1170.82
1375.38

1179.89
1129.31
1264.42
1306.92
1800.00
377.50
766.85
1005.17
1295.13

1210.34
1098.28
1175.96
1381.27
1599.00
727.73
850.00
809.63
1248.23

962.26
1086.56
1164.42
1361.93

1018.84
1072.98

531.82
854.61
1011.43
1196.88

412.50
860.00
1061.10
1389.21

1394.70

1331.53

1418.25

1454.75

912.17
1015.29

754.17
999.04

1069.55
978.91

995.30

1357.31
1889.57

1585.71
2113.32
1878.71

1612.36
2134.77
1889.57

1646.12
2111.41
1874.36

793.90
910.05
1299.16
1419.35
1489.40
1660.68
825.83
1009.22
975.80
1150.67
1404.90
1424.97
1606.93

829.27
942.75
1208.75
1579.93
1421.13
1583.99
893.19
1076.09
966.11
1132.78
1445.66
1431.00
1585.38

832.02
946.97
1185.64
1525.00
1476.32

843.21
900.00
1283.08
1639.42
1524.64

873.60
1067.15
963.06
1154.82
1449.84
1440.45
1641.60

874.12
1148.18
1035.72
1191.47
1533.75
1498.07
1700.16

Rents are based on the units being unfurnished with tenants paying electricity and gas.

Rents are based on units being unfurnished with tenants paying gas and electricity.

Average rents do not reflect "rental losses" from discounts and concessions.

Average rents do not reflect "rental losses" from discounts and concessions.

Average rent minus rental losses equals effective rent.

Average rent minus rental losses equals effective rent.

IV-11

1340.61

1141.53
1133.93
1381.49
1494.20
911.42
2700.00
972.05
1206.20
1469.39
1344.27

1414.48

1462.03

Average Rents by Size of Building by Market Area

Median Rents by Apartment Type by Market Area

for Arapahoe County

for Arapahoe County

(In Dollars)

(In Dollars)

2015

Number of Units

3rd
Arapahoe Co-South
Up to 8
9 to 50
51 to 99
100 to 199
200 to 349
350 and up
Arapahoe Co-Southeast
Up to 8
9 to 50
51 to 99
100 to 199
200 to 349
350 and up
Aurora-Central Northeast
Up to 8
9 to 50
51 to 99
100 to 199
200 to 349
350 and up
Aurora-Central Northwest
Up to 8
9 to 50
51 to 99
100 to199
200 to 349
350 and up
Aurora-Central Southeast
Up to 8
9 to 50
51 to 99
100 to199
200 to 349
350 and up
Aurora- Central Southwest
Up to 8
9 to 50
51 to 99
100 to199
200 to 349
350 and up
Aurora-South
Up to 8
9 to 50
51 to 99
100 to199
200 to 349
350 and up
Englewood/Sheridan
Up to 8
9 to 50
51 to 99
100 to199
200 to 349
350 and up
Glendale
Up to 8
9 to 50
51 to 99
100 to199
200 to 349
350 and up
Littleton
Up to 8
9 to 50
51 to 99
100 to199
200 to 349
350 and up
Arapahoe County
Up to 8
9 to 50
51 to 99
100 to 199
200 to 349
350 and up

2016
4th

1st

2015
2nd

County
Arapahoe Co-South
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Arapahoe Co-Southeast
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Aurora-Central Northeast
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Aurora-Central Northwest
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Aurora-Central Southeast
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Aurora- Central Southwest
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Aurora-South
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Englewood/Sheridan
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Glendale
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Littleton
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Arapahoe County
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All

1047.50
1018.33
1112.25
1530.72

1183.56
1565.78

1011.66
1496.06

1069.41
1486.15

1141.60

1147.67

1208.21
1451.20
1583.88

1447.22
1463.12

1453.20
1513.11

1530.36
1567.93

741.22

742.22

792.22

792.22

767.99
1448.75
1019.76

745.72
1470.82
1023.13

1000.34
1368.44
1028.82

893.00
1463.87
1095.55

917.17

942.83
1385.67
950.60
1112.56
1105.67

997.49
1124.21
1091.58

1019.46
1387.00
1074.52
1153.77
1157.92

2455.00

1227.50

1054.28
1176.53
1073.42

1050.35
1191.20
1182.29

1399.33
928.90
1092.04
1200.95

1038.61
1164.07
1086.98

1270.13

1104.86
1188.14
1219.95
2700.00

948.63
1219.05
1201.35

947.73
1157.66
1199.30

960.26
1085.99
1238.07

971.02
1101.87
1303.28

1525.00

1478.20

1530.20

1641.20

1433.91
1219.19

1515.22
1201.72

1348.40
1209.32

1428.92
1248.61

1705.00
768.34

806.67
786.26
848.29

791.07
847.47

1247.74
1308.22

1213.66
1322.09

1311.51
1458.03

739.17
1002.94
1176.82
1889.57
1008.86

754.17
1014.29
1492.39
1867.92
995.43

754.17
1058.14
1338.76
1887.56
964.65

703.57
873.74
1117.25

825.00
869.07
1201.58

794.29
956.36
1201.58

765.48
949.00

1306.11
1483.14

1298.20
1421.13

1184.03
1476.32

1380.02
1524.64

810.40
699.37
1058.53
1223.70
1398.85

1063.91
1586.94
1879.77
979.04

767.65 1155.25
820.42 1067.14
849.51
831.78
848.28
887.92
1122.59 1227.08 1121.26 1198.80
1030.37 1025.76 1051.02 1108.20
1305.46 1346.62 1336.76 1404.67
1227.472 1181.081 1210.835 1270.348

2016

3rd

4th

1st

2nd

1144.67
1260.15
1269.60
1653.92
1818.45
1380.19

1110.00
1210.19
1307.67
1522.07
1946.67
1389.14

1281.81
1280.22
1282.67
1578.47
2004.41
1420.79

1181.81
1359.73
1469.75
1652.41
1946.00
1511.50

1062.68
1232.03
1464.66
1603.51
1828.00
1459.75

1012.68
1243.18
1436.50
1561.93
1712.20
1453.38

1137.68
1282.08
1513.96
1592.75
1845.00
1510.83

1088.00
1315.18
1531.20
1606.57
1927.81
1522.05

697.12
931.85
1078.95
1173.14
1668.00
965.02

737.12
867.78
978.95
1173.14
1668.00
983.14

750.00
903.51
1006.10
1241.59
1643.00
1017.10

775.00
964.80
1106.15
1267.49
1696.33
1101.16

847.33
940.59
1195.00
1242.51
1587.91
1090.62

847.33
916.34
1230.00
1277.66
1583.58
993.92

872.33
912.44
1013.00
1265.25
1592.29
1016.15

824.33
990.07
1286.08
1303.43
1587.53
1091.58

907.19
956.85
1160.47
1193.44
1562.50
1074.13

913.00
941.12
1117.19
1169.79
1615.50
1091.75

838.00
999.88
1134.47
1287.68
1693.78
1105.83

907.10
1018.76
1197.95
1301.46
1768.50
1165.40

732.12
1054.25
1156.73
1381.65
1943.41
1171.45

730.53
984.93
1151.13
1342.88
1777.00
1140.81

732.12
994.02
1145.45
1362.67
1797.20
1162.94

780.53
1004.79
1182.71
1430.03
1812.67
1191.61

1011.00
1043.84
1215.29
1360.79
1605.00
1218.47

1061.00
1056.13
1201.29
1357.00
1723.00
1224.78

1062.00
1052.82
1237.50
1418.76
1621.86
1164.81

1212.00
1076.63
1209.43
1519.83
1709.50
1261.14

600.00
1160.96
1167.82
1541.73
1979.69
1192.61

389.50
1171.52
1320.25
1476.79
2013.02
1204.90

425.00
1022.62
1240.24
1465.20
2158.21
1201.59

383.20
1263.68
1477.67
1542.92
2158.69
1301.87

1452.67
944.74
1259.23
2003.86
2010.38
1061.83

1437.72
992.00
1193.45
2256.73
2176.00
1464.52

1452.67
1046.35
1168.71
2256.73
2276.00
1350.36

1438.00
1093.27
1218.85
2179.62
2301.00
1564.00

675.00
1233.17
1355.75
1584.22
1897.50
1340.75

572.60
1201.14
1232.23
1561.49
1934.44
1248.84

566.84
1065.36
1235.23
1271.91
1934.44
1238.98

788.00
1219.14
1378.75
1422.75
2113.04
1382.65

841.92
1045.55
1151.53
1372.95
1667.00
1193.18

910.74
1022.43
1146.73
1370.02
1746.33
1193.81

847.43
1040.27
1158.62
1396.18
1782.60
1200.65

913.18
1095.43
1202.60
1462.93
1793.05
1262.89

Rents reflect units being unfurnished with tenants paying gas and electricity.

Rents are based on units being unfurnished with tenants paying gas and electricity.

Average rents do not reflect "rental losses" from discounts and concessions.

Average rents do not reflect "rental losses" from discounts and concessions.

Average rent minus rental losses equals effective rent.

Average rent minus rental losses equals effective rent.

IV-12

Average Rent per Square Foot by Apartment Type

Average Rent Per Square Foot by Apartment

by Market Area for Araphaoe County

Unit Size by Market Area for Arapahoe County

(In Dollars)

(In Dollars)

County
Apartment Type

2015
3rd

2016
4th

1st

County
1st

Arapahoe Co-South
Efficiency
1.93
2.08
2.30
2.16
1 Bed
1.55
1.58
1.64
1.71
2 Bed, 1 Bath
1.49
1.47
1.44
1.59
2 Bed, 2 Bath
1.44
1.44
1.49
1.47
1.25
1.65
3 Bed
1.17
1.32
1.58
1.63
All
1.50
1.53
Arapahoe Co-Southeast
Efficiency
2.16
2.02
2.27
2.22
1 Bed
1.64
1.60
1.60
1.68
2 Bed, 1 Bath
1.46
1.43
1.48
1.53
2 Bed, 2 Bath
1.42
1.38
1.40
1.45
3 Bed
1.37
1.33
1.38
1.46
All
1.53
1.49
1.50
1.57
Aurora-Central Northeast
1.80
1.71
Efficiency
1.64
1.68
1.43
1.53
1 Bed
1.37
1.40
2 Bed, 1 Bath
1.26
1.21
1.25
1.37
2 Bed, 2 Bath
1.37
1.39
1.41
1.48
3 Bed
1.37
1.33
1.27
1.32
All
1.35
1.36
1.38
1.48
Aurora-Central Northwest
1.68
1.74
1.70
Efficiency
1.67
1 Bed
1.47
1.52
1.52
1.68
2 Bed, 1 Bath
1.35
1.53
1.41
1.68
2 Bed, 2 Bath
1.24
1.28
1.29
1.26
3 Bed
1.18
1.17
1.19
1.18
All
1.37
1.44
1.43
1.54
Aurora-Central Southeast
Efficiency
2.17
2.23
2.04
2.17
1 Bed
1.44
1.44
1.50
1.51
2 Bed, 1 Bath
1.33
1.33
1.37
1.44
2 Bed, 2 Bath
1.30
1.28
1.34
1.38
3 Bed
1.17
1.24
1.34
1.38
All
1.38
1.38
1.43
1.46
Aurora- Central Southwest
Efficiency
1.73
1.73
1.75
1.84
1 Bed
1.50
1.45
1.49
1.53
2 Bed, 1 Bath
1.32
1.34
1.36
1.42
2 Bed, 2 Bath
1.33
1.33
1.36
1.42
3 Bed
1.45
1.42
1.44
1.53
All
1.42
1.40
1.43
1.48
Aurora-South
Efficiency
1.68
1.73
1.77
1.99
1 Bed
1.47
1.46
1.41
1.47
2 Bed, 1 Bath
1.35
1.31
1.34
1.33
2 Bed, 2 Bath
1.33
1.30
1.35
1.39
3 Bed
1.31
1.37
1.42
1.40
All
1.39
1.37
1.39
1.42
Englewood/Sheridan
Efficiency
2.75
2.90
3.28
4.00
1 Bed
1.56
1.49
1.45
1.57
2 Bed, 1 Bath
1.39
1.41
1.33
1.53
2 Bed, 2 Bath
1.34
1.30
1.35
1.40
3 Bed
1.33
1.40
1.43
1.45
All
1.48
1.44
1.42
1.54
Glendale
Efficiency
2.12
2.43
2.28
2.46
1 Bed
1.78
1.80
1.79
1.83
2 Bed, 1 Bath
1.50
1.58
1.54
1.62
2 Bed, 2 Bath
2.02
1.79
1.80
1.79
3 Bed
2.07
1.76
1.75
1.77
All
1.78
1.79
1.77
1.81
Littleton
Efficiency
1.60
1.62
1.69
1.60
1 Bed
1.61
1.58
1.58
1.74
2 Bed, 1 Bath
1.41
1.12
1.35
1.41
2 Bed, 2 Bath
1.54
1.52
1.45
1.55
3 Bed
1.48
1.38
1.37
1.61
All
1.57
1.53
1.51
1.65
Arapahoe County
Efficiency
1.94
2.00
2.07
2.10
1 Bed
1.52
1.51
1.52
1.59
2 Bed, 1 Bath
1.34
1.34
1.36
1.44
2 Bed, 2 Bath
1.36
1.35
1.39
1.43
3 Bed
1.32
1.35
1.37
1.42
All
1.44
1.44
1.46
1.52
Rents are based on units being unfurnished with tenants paying gas and electricity.
Average rents do not reflect "rental losses" from discounts and concessions.

Apartment Square Feet

2015

2016

3rd

4th

1st

1st

1.51
1.61
1.41

2.59
1.50
1.60
1.43

2.63
1.58
1.64
1.46

2.44
1.68
1.70
1.47

2.17
1.63
1.60
1.43

2.03
1.74
1.52
1.38

2.29
1.76
1.53
1.40

2.22
1.91
1.60
1.44

1.66
1.33
1.35
1.37

1.71
1.36
1.34
1.37

1.74
1.41
1.37
1.33

1.83
1.50
1.46
1.41

1.79
1.48
1.38
1.16

1.81
1.50
1.40
1.17

1.71
1.47
1.43
1.17

2.07
1.62
1.46
1.18

2.17
1.44
1.33
1.25

2.23
1.44
1.30
1.31

2.04
1.49
1.36
1.39

2.17
1.51
1.39
1.43

1.73
1.53
1.36
1.35

1.73
1.47
1.37
1.32

1.75
1.53
1.38
1.35

1.84
1.57
1.42
1.43

1.58
1.53
1.41
1.28

1.58
1.46
1.41
1.29

1.52
1.36
1.34

1.51
1.42
1.38

2.59
1.49
1.54
1.32

3.61
1.45
1.47
1.32

4.17
1.46
1.41
1.36

4.00
1.50
1.60
1.40

1.68
1.71
1.85
2.02

1.78
1.92
1.67

2.05
1.74
1.88
1.68

1.79
1.97
1.67

1.60
1.61
1.59
1.47

1.69
1.54
1.61
1.46

1.91
1.56
1.50
1.38

1.71
1.63
1.55

1.98
1.51
1.43
1.35

1.94
1.49
1.43
1.35

1.91
1.52
1.43
1.38

2.12
1.59
1.51
1.43

Arapahoe Co-South
499 below
500 to 749
750 to 999
1000 above
Arapahoe Co-Southeast
499 below
500 to 749
750 to 999
1000 above
Aurora-Central Northeast
499 below
500 to 749
750 to 999
1000 above
Aurora-Central Northwest
499 below
500 to 749
750 to 999
1000 above
Aurora-Central Southeast
499 below
500 to 749
750 to 999
1000 above
Aurora- Central Southwest
499 below
500 to 749
750 to 999
1000 above
Aurora-South
499 below
500 to 749
750 to 999
1000 above
Englewood/Sheridan
499 below
500 to 749
750 to 999
1000 above
Glendale
499 below
500 to 749
750 to 999
1000 above
Littleton
499 below
500 to 749
750 to 999
1000 above
Arapahoe County
499 below
500 to 749
750 to 999
1000 above

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

IV-13

Rental Losses by Size, Age


and Market Area for Arapahoe County

Economic Vacancy Rates by Size, Age


and Market Area for Arapahoe County

Includes Concessions and Discounts

Defined as Physcial Vacancy Plus Concessions and Discounts

Average Rent Minus Rental Losses Equals Effective Rent

as a Percentage of Gross Potential Rent

(In Percent)

(In Percent)

2015
Building Type

2016

Building

3rd

4th

1st

2nd

Up to 8

1.9

24.9

0.0

15.0

9 - 50

7.2

12.3

9.8

11.6

51 - 99

9.4

13.2

9.2

100 - 199

9.1

11.3

200 to 349

12.6
7.8

To 1959

2015

2016

3rd

4th

1st

2nd

Up to 8

1.9

9 - 50

9.0

24.9

0.0

18.7

12.3

13.0

8.3

51 - 99

14.8

11.7

13.2

12.4

6.4

7.2

100 - 199

11.8

13.8

11.3

11.1

11.6

17.8

6.3

10.1

9.9

5.8

7.1

200 to 349

19.8

17.8

14.1

15.1

350 up

12.3

9.9

11.3

13.1

24.0

35.5

14.9

4.9

To 1959

26.3

41.8

33.7

7.2

1960-69

15.4

13.6

15.7

11.8

1960-69

19.8

19.8

21.2

19.6

1970-79

11.0

8.2

7.0

10.6

1970-79

15.6

14.4

12.2

15.4

1980-89

9.4

4.8

3.2

7.0

1980-89

13.7

11.0

9.3

12.6
11.8

Size (in units)

Size

350 up

Type

Age (year built)

Age

1990-00

6.8

4.4

4.6

7.2

1990-00

12.2

10.7

10.1

2000-09

5.3

4.0

6.1

7.9

2000-09

9.5

10.2

10.6

12.0

2010 up

19.1

31.9

13.4

14.2

2010 up

43.7

38.1

37.6

28.4

Market Area
Arapahoe Co-South

4.0

8.4

10.1

7.6

Market Area
Arapahoe Co-South

8.8

14.9

18.6

13.9

Arapahoe Co-Southeast

3.1

3.4

3.4

6.2

Arapahoe Co-Southeast

7.8

9.9

9.1

10.4

Aurora-Central Northeast

7.5

8.6

6.0

12.8

Aurora-Central Northeast

12.7

13.2

12.3

17.0

Aurora-Central Northwest

12.0

9.7

7.6

10.6

Aurora-Central Northwest

16.7

17.0

13.8

17.9

Aurora-Central Southeast

11.7

7.2

5.4

7.1

Aurora-Central Southeast

16.7

14.1

10.6

12.9

Aurora- Central Southwest

11.5

6.1

8.2

8.5

Aurora- Central Southwest

16.2

12.1

12.2

13.4

Aurora-South

11.4

2.2

5.9

7.0

Aurora-South

15.1

7.9

9.5

10.7

6.5

4.8

0.8

7.8

Englewood/Sheridan

10.9

8.0

8.1

13.4

Englewood/Sheridan
Glendale

17.7

13.6

12.4

15.0

Glendale

43.3

41.5

31.5

31.0

Littleton

12.3

5.5

3.7

9.6

Littleton

19.7

15.2

10.5

14.9

Average

10.0

6.6

6.2

8.5

Average

15.5

13.9

12.5

13.8

IV-14

Average Rents for Arapahoe County


(in dollars)
Efficency
Market Area Totals
Arapahoe Co-South
Arapahoe Co-Southeast
Aurora-Central Northeast
Aurora-Central Northwest
Aurora-Central Southeast
Aurora- Central Southwest
Aurora-South
Englewood/Sheridan
Glendale
Littleton
Arapahoe County Average
Buildings with up to 6 Units
Arapahoe Co-South
Arapahoe Co-Southeast
Aurora-Central Northeast
Aurora-Central Northwest
Aurora-Central Southeast
Aurora- Central Southwest
Aurora-South
Englewood/Sheridan
Glendale
Littleton
Arapahoe County Average
Buildings with 7 to 36 Units
Arapahoe Co-South
Arapahoe Co-Southeast
Aurora-Central Northeast
Aurora-Central Northwest
Aurora-Central Southeast
Aurora- Central Southwest
Aurora-South
Englewood/Sheridan
Glendale
Littleton
Arapahoe County Average
Buildings with 37 and Above Units
Arapahoe Co-South
Arapahoe Co-Southeast
Aurora-Central Northeast
Aurora-Central Northwest
Aurora-Central Southeast
Aurora- Central Southwest
Aurora-South
Englewood/Sheridan
Glendale
Littleton
Arapahoe County Average
Buildings with 5 Stories and Above
Arapahoe Co-South
Arapahoe Co-Southeast
Aurora-Central Northeast
Aurora-Central Northwest
Aurora-Central Southeast
Aurora- Central Southwest
Aurora-South
Englewood/Sheridan
Glendale
Littleton
Arapahoe County Average

1200.11
1100.00
782.03
889.03
886.09
776.64
1191.73
426.47
1449.00
800.00
978.25

1 Bed

2 Bed
1 Bath

2 Bed
2 Bath

3 Bed

1339.40
1373.12
1013.38
1013.43
1052.11
1040.68
1117.64
1172.04
1260.71
1267.97
1139.44

1397.19
1574.03
1137.25
1283.85
1240.00
1224.96
1215.25
1437.85
1367.27
1159.26
1252.10

1634.28
1678.41
1354.39
1311.82
1314.81
1422.37
1512.37
1554.18
2012.01
1545.16
1498.93

2073.34
2006.03
1770.00
1570.00
1762.94
1909.32
1800.01
2012.83
2620.71
2066.04
1899.14

810.00

1083.33

1095.00

1445.00

Other

1544.00
2395.00

1382.14
2035.00

1664.37

725.00
850.88

1469.54
1544.74
1150.49
1146.33
1193.62
1207.57
1294.90
1326.79
1515.07
1380.84
1298.76

1047.50

2700.00

532.92

All

2700.00

836.25
894.16

1195.19

1397.42

799.17
900.28

1010.00

1204.00

1664.00

800.00
901.00

972.00

972.00

1138.00

412.50

824.69

866.25

800.00
1001.58

896.15
1141.96

878.79
1255.02

1250.00
1499.91

1095.00
1905.11

1200.11
1100.00
785.84
889.03
886.09
776.64
1191.73
650.00
1449.00

1341.84
1373.12
1017.54
1013.69
1052.11
1040.68
1117.64
1187.17
1260.71
1299.68
1298.87

1404.67
1586.36
1137.25
1287.34
1240.00
1219.48
1215.25
1444.76
1367.27
1379.00
1201.00

1635.14
1683.51
1354.39
1313.46
1314.81
1422.37
1512.37
1554.18
2012.01
1550.62
2124.84

2093.61
2014.37
1770.00
1586.74
1762.94
1909.32
1800.01
2012.83
2620.71
2102.00
3155.94

2028.00
2087.50

3450.00
2987.50

1701.94
1799.84

730.00

1414.00

1414.00

1550.00
1612.50

1270.13
792.22
1019.46

731.52

1664.37

1544.00
2395.00

1382.14
2035.00

919.45
1301.77

1471.85
1546.61
1154.23
1147.05
1193.62
1206.69
1294.90
1346.47
1515.07
1422.02
1528.27

1095.67

1201.00

2187.50

3200.00

1363.17

781.67

1581.36

1095.00

1445.00

1303.50

IV-15

Average Rent for Apartment Building/Community Features and Amenities in Arapahoe County
(In Dollars)
With Feature/Amenity
Feature/Amenity

Efficiency

1 Bed

2 Bed
1 Bath

2 Bed
2 Bath

Without Feature/Amenity
3 Bed

Efficiency

All

1 Bed

2 Bed
1 Bath

2 Bed
2 Bath

Difference
3 Bed

All

Outside Storage

1161.11

1201.41

1337.34

1504.61

1968.13

1359.40

792.32

1063.59

1169.20

1487.94

1796.89

1215.36

144.03

Patio or Balcony

1047.77

1167.43

1267.77

1500.38

1900.60

1325.81

743.12

924.19

1110.59

1401.63

1328.33

976.77

349.05

977.18

1162.15

1285.59

1498.49

1913.90

1329.50

979.26

1085.77

1174.24

1501.15

1846.19

1208.68

120.82

Nine-Foot Ceilings

1175.33

1278.38

1370.22

1600.85

1974.26

1443.58

860.78

991.64

1182.33

1320.53

1719.36

1128.26

315.32

Swimming Pool

1012.76

1147.91

1268.41

1500.11

1906.73

1308.48

634.72

906.89

1085.49

1420.86

1576.48

1041.06

267.42

Spa or Sauna

1167.65

1238.26

1378.94

1608.63

1956.76

1415.46

799.54

999.46

1151.94

1326.01

1718.57

1136.79

278.66

Exercise Room

1004.38

1165.50

1281.16

1515.18

1903.83

1327.32

850.76

947.60

1146.01

1315.41

1664.13

1080.88

246.44

Sport Court

850.12

1042.69

1217.15

1440.91

1775.74

1224.08

1015.25

1183.30

1282.42

1522.82

1979.20

1335.02

-110.94

Microwave

1175.75

1245.45

1388.58

1563.15

1975.53

1412.13

799.48

973.14

1144.32

1324.76

1663.02

1103.62

308.51

Washer/Dryer Hookups

905.06

1157.93

1275.43

1475.49

1886.06

1316.76

1027.97

1105.95

1217.59

1580.12

1930.83

1260.41

56.35

Garbage Disposal

997.67

1137.89

1254.33

1499.12

1899.23

1298.55

412.50

1222.73

717.35

1489.66

1894.00

1310.68

-12.13

Dishwasher

1061.96

1159.78

1275.34

1499.32

1899.23

1321.16

746.72

955.93

1082.03

1480.77

1894.00

1025.81

295.35

Air Conditioning

1001.58

1138.73

1253.64

1499.16

1900.01

1299.26

532.92

1172.18

1079.03

1487.81

1853.18

1273.64

25.62

Ceiling Fan

1024.51

1160.83

1258.63

1509.58

1896.91

1320.64

846.11

1080.58

1234.58

1464.66

1912.67

1233.71

86.93

Attached Garage

1269.21

1388.92

1572.19

1713.57

2166.37

1573.89

897.21

1081.47

1223.38

1422.65

1803.25

1228.37

345.52

Covered Parking

1074.93

1185.44

1305.15

1509.97

1924.80

1343.13

813.12

1082.60

1203.45

1480.40

1859.87

1239.80

103.32

Clubhouse

1085.86

1186.94

1313.02

1521.12

1908.03

1350.52

763.70

970.67

1134.02

1353.92

1792.06

1095.87

254.65

Business Center

1046.50

1198.04

1335.11

1535.82

1934.05

1365.00

824.23

1014.92

1153.13

1375.85

1746.89

1146.16

218.84

Pets Allowed

1012.76

1145.77

1264.99

1504.46

1900.46

1307.68

634.72

1002.34

1115.95

1336.74

1840.92

1112.22

195.46

Resident Pays Sewer/Water

1068.78

1169.46

1289.57

1504.71

1911.49

1331.77

740.67

968.59

1116.10

1376.99

1734.62

1064.78

266.99

Unit Security/Alarm System

1215.00

1191.52

1399.71

1516.20

1895.94

1388.98

965.84

1127.41

1228.17

1493.00

1900.84

1274.89

114.09

Handicapped Access

1117.01

1189.97

1316.72

1536.68

1947.77

1355.66

761.24

1036.75

1170.11

1409.64

1750.22

1183.34

172.32

Heat Included in Rent

883.89

1055.52

1145.46

1987.14

1395.00

1104.21

994.28

1144.88

1255.93

1495.94

1899.57

1306.55

-202.34

Fireplace

IV-16

Apartment Unit Absorption by Quarter and Year for Arapahoe County

2013

2014

2015

2016

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
60451
0
60451
4.1%
57947
2504
542
60592
174
60766
4.5%
58060
2706
594
61686
0
61686
4.9%
58669
3017
0
62349
180
62529
5.7%
58939
3590
468

Second
60451
86
60537
4.5%
57797
2740
-151
60766
66
60832
4.6%
58009
2823
-52
61686
222
61908
4.9%
58880
3028
211
62529
257
62786
4.8%
59743
3043
804

Third
60537
0
60537
4.8%
57655
2882
-141
60832
548
61380
4.6%
58571
2809
562
61908
206
62114
5.3%
58799
3315
-81

Fourth
60537
55
60592
5.2%
57466
3126
-189
61380
306
61686
4.9%
58669
3017
98
62114
235
62349
6.2%
58472
3877
-328

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.

Estimate of New Apartments by Quarter for Arapahoe County


Beginning
Inventory
2009 1st
2nd
3rd
4th
2010 1st
2nd
3rd
4th
2011 1st
2nd
3rd
4th
2012 1st
2nd
3rd
4th
2013 1st
2nd
3rd
4th
2014 1st
2nd
3rd
4th
2015 1st
2nd
3rd
4th
2016 1st
2nd
3rd
4th

Units Added

59275
59275
59359
59795
59275
59961
59961
59961
59961
59961
59961
60415
60415
60415
60415
60415
60451
60451
60537
60537
60592
60766
60832
61380
61686
61686
61908
62114
62349
62529

IV-17

0
84
436
0
166
0
0
0
0
0
454
0
0
0
0
36
0
86
0
55
174
66
548
306
0
222
206
235
180
257

Ending
Inventory
59275
59359
59795
59795
59961
59961
59961
59961
59961
59961
60415
60415
60415
60415
60415
60451
60451
60537
60537
60592
60766
60832
61380
61686
61686
61908
62114
62349
62529
62786

Year-End
60451
141
60592
5.2%
57466
3126
61
60592
1094
61686
4.9%
58669
3017
1203
61686
663
62349
6.2%
58472
3877
-197

Monthly Resident Turnover


By Size, Age of Building, and Market Area
for Arapahoe County
(In Percent)

2015
Building Type

2016

3rd

4th

1st

2nd

5.0

0.0

5.0

0.0

Size
Up to 8
9 - 50

4.9

3.0

2.4

2.1

51-99

2.7

4.8

1.9

3.3

100 - 199

5.3

2.6

3.6

4.0

200 to 349

5.4

3.7

3.5

4.2

350 up

6.0

4.7

3.6

5.0

4.5

2.5

4.5

1.0

Age
To 1959
1960-69

4.0

3.3

3.4

4.1

1970-79

5.6

3.7

4.2

4.3

1980-89

6.0

4.1

3.7

4.8

1990-99

5.8

4.0

3.1

4.9

2000-09

6.3

5.0

3.3

4.5

2010 up

2.7

2.8

3.1

3.5

Market Area
Arapahoe Co-South

5.0

3.4

2.6

3.9

Arapahoe Co-Southeast

6.9

4.7

3.1

4.9

Aurora-Central Northeast

4.4

3.0

4.2

4.3

Aurora-Central Northwest

5.4

4.0

3.9

4.2

Aurora-Central Southeast

5.9

4.3

3.8

4.5

Aurora- Central Southwest

6.2

4.2

3.6

4.7

Aurora-South

5.4

4.9

3.3

5.0

Englewood/Sheridan

5.9

3.7

4.7

4.2

Glendale

4.6

2.6

3.3

3.9

Littleton

5.0

3.2

2.7

5.1

County Average

5.6

4.1

3.6

4.6

Resident turnover is for respective months of February, May, August and


November.

IV-18

Vacancy Rates During the Current Quarter


Arapahoe County

Rent Level
$000 to $225
$226 to $250
$251 to $275
$276 to $300
$301 to $325
$326 to $350
$351 to $375
$376 to $400
$401 to $425
$426 to $450
$451 to $475
$476 to $500
$501 to $525
$526 to $550
$551 to $575
$576 to $600
$601 to $625
$626 to $650
$651 to $675
$676 to $700
$701 to $725
$726 to $750
$751 to $775
$776 to $800
$801 to $825
$826 to $850
$851 to $875
$876 to $900
$901 to $925
$926 to $950
$951 to $975
$976 to $1000
$1001 to 1025
$1026 to 1050
$1051 to 1075
$1076 to 1100
$1101 to 1125
$1126 to 1150
$1151 to 1175
$1176 to 1200
$1201 to 1225
$1226 to 1250
$1251 to 1275
$1276 to 1300
$1301 to 1325
$1326 to 1350
$1351 to 1375
$1376 to 1400
$1401 to 1425
$1426 to 1450
$1451 to 1475
$1476 to 1400
$1501 to 1525
$1526 to 1550
$1551 to 1575
$1576 to 1500
$1601 to 1625
$1626 to 1650
$1651 to 1675
$1676 to 1600
$1701 to 1725
$1726 to 1750
$1751 to 1775
$1776 to 1800
$1801 to 1825
$1826 to 1850
$1851 to 1875
$1876 to 1900

Two Bedroom

Two Bedroom

Efficiencies

One Bedroom

One Bathroom

Two Bathroom

Three Bedroom

Total

Total

Total

Total

Total

Vacant

Percent Vacant

Percent Vacant
1

3
1
6
7

0.0%

1
1
2
2
5

100.0%
0.0%
0.0%
0.0%
0.0%

0.0%

0.0%

0.0%

31
39
51
40
31

9.7%
0.0%
2.0%
15.0%
22.6%

65

0.0%

17

5.9%

74

0.0%

31
24

0.0%
4.2%

10

20
43

0.0%
23.3%

4
3
9
17
27
34
47
26
64
35
4
2
77
8
9
23
36
45
13
31
48
37
20
10
9
7
10
5

2
10
32
89
34
66
439
235
650
616
1079
796
1682
878
22
95
1343
132
276
545
668
973
332
569
746
892
282
271
106
21
160
268
21

0.0%
0.0%
0.0%
4.5%
8.8%
0.0%
2.1%
7.2%
4.2%
5.5%
4.4%
3.3%
3.8%
4.0%
18.2%
2.1%
5.7%
6.1%
3.3%
4.2%
5.4%
4.6%
3.9%
5.4%
6.4%
4.1%
7.1%
3.7%
8.5%
0.0%
4.4%
3.7%
23.8%

1
5
17
4
2

220
161
249
259
126

0.5%
3.1%
6.8%
1.5%
1.6%

44

167

26.3%

113

1
2
5
20
8
9
2
3
12
10
7
3
22
28
15
2
2
8
6
1
4
4

3
12
2

Percent Vacant

1
1
2

0.0%
0.0%
0.0%

0.0%

1
3
21
6
5

0.0%
0.0%
0.0%
0.0%
0.0%

0.0%

24
2
98
96
15
487
277
363
105
128
394
217
164
34
209
292
175
21
108
130
66
112
104
1
84

4.2%
0.0%
2.0%
5.2%
0.0%
4.1%
2.9%
2.5%
1.9%
2.3%
3.0%
4.6%
4.3%
8.8%
10.5%
9.6%
8.6%
9.5%
1.9%
6.2%
9.1%
0.9%
3.8%
0.0%
4.8%

9
19
134
64
40

0.0%
15.8%
9.0%
3.1%
0.0%

51
23

Other

Percent Vacant

Total

Total
Percent Vacant

100.0%

3
1
3
2

0.0%
0.0%
0.0%
0.0%

9
43
121
711
74
44
223
1191
183
495
277
14
462
355
636
649
60
582
201
292
793
279
136
338
374
218
169
325
8

0.0%
4.7%
5.0%
2.3%
6.8%
4.5%
2.2%
3.6%
1.6%
4.0%
4.7%
0.0%
6.9%
5.9%
5.5%
4.5%
0.0%
4.6%
9.0%
7.5%
3.8%
1.1%
1.5%
6.5%
4.8%
11.5%
3.0%
4.0%
0.0%

2
4

113
162

1.8%
2.5%

15

314

28
34
500

62
417
10339

2
6
16
5
2
5
43
3
20
13
32
21
35
29
27
18
22
30
3
2
22
18
25
5
13

3.5%

2
2

Percent Vacant

3.9%
8.7%

0.0%

0.0%
2

20

10.0%

32
54

0.0%
5.6%

Total

Percent

1
1

100.0%
0.0%

1
1
2
2
5

100.0%
0.0%
0.0%
0.0%
0.0%

0.0%

2
1
3

0.0%
0.0%
0.0%

3
4
4
6
16
17
27
34
48
27
66
40
4
22
85
19
17
44
53
58
25
77
73
85
48
12
44
29
58
40
9
27
26
27
62
10
21
25
20
69
10
20
8
1
2
8
4

3
10
64
131
106
112
475
235
651
681
1103
818
1781
977
39
582
1704
538
507
1404
1167
1258
719
1794
1138
1679
734
306
678
526
905
1029
198
615
565
453
1190
557
484
408
486
437
245
398
197
36
133
243
67

0.0%
0.0%
4.7%
3.1%
3.8%
5.4%
3.4%
7.2%
4.1%
5.0%
4.4%
3.3%
3.7%
4.1%
10.3%
3.8%
5.0%
3.5%
3.4%
3.1%
4.5%
4.6%
3.5%
4.3%
6.4%
5.1%
6.5%
3.9%
6.5%
5.5%
6.4%
3.9%
4.5%
4.4%
4.6%
6.0%
5.2%
1.8%
4.3%
6.1%
4.1%
15.8%
4.1%
5.0%
4.1%
2.8%
1.5%
3.3%
6.0%

50.0%

13

0.0%

0.0%

15

139

10.8%

5
1
2

2
2

88
6
72
52
76
73
76
36
20
30
44

5.7%
16.7%
2.8%
0.0%
6.6%
9.6%
5.3%
2.8%
0.0%
6.7%
4.5%

4.8%

129

7.0%

28

10.7%

27

471

5.7%

45.2%
8.2%
4.8%

20
74

306
1174

6.5%
6.3%

31
165

0.0%
4.8%

28
54
1545

62
758
31878

45.2%
7.1%
4.8%

5
7
4
1

$1901 to 1926
$1926 to 1950
$1951 to 1975
$1976 to 2000
$2000 and up
TOTALS

30

482

6.2%

737

15625

4.7%

196

4
4093

0.0%
4.8%

Data is only for buildings with a Certificate of Occupancy. Rents are calculated as if units are unfurnished.

IV-19

Vacancy Rates During the Current Quarter


Arapahoe County South

Rent Level
$000 to $225
$226 to $250
$251 to $275
$276 to $300
$301 to $325
$326 to $350
$351 to $375
$376 to $400
$401 to $425
$426 to $450
$451 to $475
$476 to $500
$501 to $525
$526 to $550
$551 to $575
$576 to $600
$601 to $625
$626 to $650
$651 to $675
$676 to $700
$701 to $725
$726 to $750
$751 to $775
$776 to $800
$801 to $825
$826 to $850
$851 to $875
$876 to $900
$901 to $925
$926 to $950
$951 to $975
$976 to $1000
$1001 to 1025
$1026 to 1050
$1051 to 1075
$1076 to 1100
$1101 to 1125
$1126 to 1150
$1151 to 1175
$1176 to 1200
$1201 to 1225
$1226 to 1250
$1251 to 1275
$1276 to 1300
$1301 to 1325
$1326 to 1350
$1351 to 1375
$1376 to 1400
$1401 to 1425
$1426 to 1450
$1451 to 1475
$1476 to 1400
$1501 to 1525
$1526 to 1550
$1551 to 1575
$1576 to 1500
$1601 to 1625
$1626 to 1650
$1651 to 1675
$1676 to 1600
$1701 to 1725
$1726 to 1750
$1751 to 1775
$1776 to 1800
$1801 to 1825
$1826 to 1850
$1851 to 1875
$1876 to 1900
$1901 to 1926
$1926 to 1950
$1951 to 1975
$1976 to 2000
$2000 and up
TOTALS

Vacant

Efficiencies

One Bedroom

Total

Total

Percent Vacant

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Percent Vacant

88
3

4.5%
0.0%

0.0%

Total

0.0%

31

0.0%

96

24

4.2%

0.0%

Total

Other

Percent Vacant

Total

Total
Percent Vacant

12
4

118
72

10.2%
5.6%

10

158

6.3%

Total

0.0%

48

8.3%

4.5%
0.0%

0.0%

24

4.2%

0.0%

37

0.0%

96

4.2%

79

5.1%

12
4

1
118
72

0.0%
10.2%
5.6%

10

158
1
20

6.3%
0.0%
0.0%

6
6
7

150
1
156
232

4.0%
0.0%
3.8%
3.0%

17

211

8.1%

0.0%

0.0%

0.0%

0.0%
48

2.1%

5
6

17

0.0%

51

124

0.0%

211

8.1%

871

5.9%

54

129

102
156

4.9%
3.8%

7.4%

5.6%

119

7.6%

119

7.6%

86

10.5%

86

10.5%

28
1
62

4.7%

54

Percent

88
3

87

Three Bedroom

Percent Vacant

4.2%

20

Total

36

Percent Vacant

Data is only for buildings with a Certificate of Occupancy. Rents are calculated as if units are unfurnished.

IV-20

62
54
628

45.2%
1.9%
9.9%

36

2.8%

36

2.8%

26
64

0.0%
1.6%

28
1
123

62
80
1833

45.2%
1.3%
6.7%

54

5.6%

Vacancy Rates During the Current Quarter


Arapahoe County Southeast

Rent Level
$000 to $225
$226 to $250
$251 to $275
$276 to $300
$301 to $325
$326 to $350
$351 to $375
$376 to $400
$401 to $425
$426 to $450
$451 to $475
$476 to $500
$501 to $525
$526 to $550
$551 to $575
$576 to $600
$601 to $625
$626 to $650
$651 to $675
$676 to $700
$701 to $725
$726 to $750
$751 to $775
$776 to $800
$801 to $825
$826 to $850
$851 to $875
$876 to $900
$901 to $925
$926 to $950
$951 to $975
$976 to $1000
$1001 to 1025
$1026 to 1050
$1051 to 1075
$1076 to 1100
$1101 to 1125
$1126 to 1150
$1151 to 1175
$1176 to 1200
$1201 to 1225
$1226 to 1250
$1251 to 1275
$1276 to 1300
$1301 to 1325
$1326 to 1350
$1351 to 1375
$1376 to 1400
$1401 to 1425
$1426 to 1450
$1451 to 1475
$1476 to 1400
$1501 to 1525
$1526 to 1550
$1551 to 1575
$1576 to 1500
$1601 to 1625
$1626 to 1650
$1651 to 1675
$1676 to 1600
$1701 to 1725
$1726 to 1750
$1751 to 1775
$1776 to 1800
$1801 to 1825
$1826 to 1850
$1851 to 1875
$1876 to 1900
$1901 to 1926
$1926 to 1950
$1951 to 1975
$1976 to 2000
$2000 and up
TOTALS

Vacant

Efficiencies

One Bedroom

Total

Total

Percent Vacant

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Percent Vacant

Total

38

Total

Three Bedroom

Percent Vacant

Total

Percent Vacant

Other
Total

Total
Percent Vacant

Total

0.0%

0.0%
1
1
244
343
146

0.0%
0.0%
3.3%
4.7%
4.1%

4
4
3

214
154
27
41

1.9%
2.6%
11.1%
0.0%

7
10

160
268

4.4%
3.7%

8
16
6

96

1.0%

4
2

259
126

1.5%
1.6%

16
12

6.3%
0.0%

30

10.0%

38

Percent Vacant

0.0%

65

2080

3.1%

24
1
30

0.0%
0.0%
0.0%

19

15.8%

51

187

8
18
6

10.0%

4
4
5

1.3%

0.0%

38

0.0%

1
1
244
363
146

0.0%
0.0%
3.3%
5.0%
4.1%

214
154
118
53

1.9%
2.6%
4.2%
0.0%
0.0%
5.3%
4.3%
0.0%
5.3%
0.8%

75

0.0%

14

288

4.9%

132

5.3%

7
1

1
190
556
24
133
126

21
1

408
69

5.1%
1.4%

15

268

5.6%

21
8
2
1
15

408
347
126
6
268

5.1%
2.3%
1.6%
16.7%
5.6%

49

10
24

16.7%

4.1%

64

6.3%

113

5.3%

0.0%

52

5.8%

60

5.0%

2
1

113
20

1.8%
5.0%

2
3

113
71

1.8%
4.2%

15

314

4.8%

53

9.4%

20

367

5.4%

6
87

115
1880

5.2%
4.6%

2
15

77
252

2.6%
6.0%

8
176

193
4438

4.1%
4.0%

3.9%

4.8%

20

Percent

Data is only for buildings with a Certificate of Occupancy. Rents are calculated as if units are unfurnished.

IV-21

1
1

0.0%
0.0%

Vacancy Rates During the Current Quarter


Aurora Central Northeast

Rent Level
$000 to $225
$226 to $250
$251 to $275
$276 to $300
$301 to $325
$326 to $350
$351 to $375
$376 to $400
$401 to $425
$426 to $450
$451 to $475
$476 to $500
$501 to $525
$526 to $550
$551 to $575
$576 to $600
$601 to $625
$626 to $650
$651 to $675
$676 to $700
$701 to $725
$726 to $750
$751 to $775
$776 to $800
$801 to $825
$826 to $850
$851 to $875
$876 to $900
$901 to $925
$926 to $950
$951 to $975
$976 to $1000
$1001 to 1025
$1026 to 1050
$1051 to 1075
$1076 to 1100
$1101 to 1125
$1126 to 1150
$1151 to 1175
$1176 to 1200
$1201 to 1225
$1226 to 1250
$1251 to 1275
$1276 to 1300
$1301 to 1325
$1326 to 1350
$1351 to 1375
$1376 to 1400
$1401 to 1425
$1426 to 1450
$1451 to 1475
$1476 to 1400
$1501 to 1525
$1526 to 1550
$1551 to 1575
$1576 to 1500
$1601 to 1625
$1626 to 1650
$1651 to 1675
$1676 to 1600
$1701 to 1725
$1726 to 1750
$1751 to 1775
$1776 to 1800
$1801 to 1825
$1826 to 1850
$1851 to 1875
$1876 to 1900
$1901 to 1926
$1926 to 1950
$1951 to 1975
$1976 to 2000
$2000 and up
TOTALS

Efficiencies

One Bedroom

Total

Total

Vacant

3
19
22

Percent Vacant

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Percent Vacant

Total

Percent Vacant

Total

Percent Vacant

Total

Total
Percent Vacant

Total

Percent

24

8.3%

2
5

3
19
24
22

66.7%
0.0%
8.3%
22.7%

4
5
15

150
201
441

2.7%
2.5%
3.4%

4
5
15

150
201
441

2.7%
2.5%
3.4%

198

2.0%

22.7%

100

143

0.0%

199

2.0%

11

247

4.5%

11

247

4.5%

240

2.5%

240

2.5%

58

1.7%

2.0%
1

100.0%

2
2

100
59

2.0%
3.4%

18

430

4.2%

18

430

4.2%

143

6.3%

100

3.0%

0.0%

6.3%

44

6.8%

0.0%

56

15.9%

Other

44

Total

66.7%
0.0%

Three Bedroom

Percent Vacant

41

1257

3.3%

21

599

3.5%

22

Data is only for buildings with a Certificate of Occupancy. Rents are calculated as if units are unfurnished.

IV-22

106

593

0.0%

2.8%

3.7%

72

2.8%

178

2.8%

30

6.7%

30

6.7%

20

10.0%

20

10.0%

122

4.9%

97

2615

3.7%

Vacancy Rates During the Current Quarter


Aurora Central Northwest

Rent Level
$000 to $225
$226 to $250
$251 to $275
$276 to $300
$301 to $325
$326 to $350
$351 to $375
$376 to $400
$401 to $425
$426 to $450
$451 to $475
$476 to $500
$501 to $525
$526 to $550
$551 to $575
$576 to $600
$601 to $625
$626 to $650
$651 to $675
$676 to $700
$701 to $725
$726 to $750
$751 to $775
$776 to $800
$801 to $825
$826 to $850
$851 to $875
$876 to $900
$901 to $925
$926 to $950
$951 to $975
$976 to $1000
$1001 to 1025
$1026 to 1050
$1051 to 1075
$1076 to 1100
$1101 to 1125
$1126 to 1150
$1151 to 1175
$1176 to 1200
$1201 to 1225
$1226 to 1250
$1251 to 1275
$1276 to 1300
$1301 to 1325
$1326 to 1350
$1351 to 1375
$1376 to 1400
$1401 to 1425
$1426 to 1450
$1451 to 1475
$1476 to 1400
$1501 to 1525
$1526 to 1550
$1551 to 1575
$1576 to 1500
$1601 to 1625
$1626 to 1650
$1651 to 1675
$1676 to 1600
$1701 to 1725
$1726 to 1750
$1751 to 1775
$1776 to 1800
$1801 to 1825
$1826 to 1850
$1851 to 1875
$1876 to 1900
$1901 to 1926
$1926 to 1950
$1951 to 1975
$1976 to 2000
$2000 and up
TOTALS

Efficiencies

One Bedroom

Total

Total

Vacant

18

17

Percent Vacant

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Percent Vacant

Total

Percent Vacant

Total

Three Bedroom

Percent Vacant

Total

5.6%

5.9%

22
3
32

3
301
158
342

0.0%
7.3%
1.9%
9.4%

20

491

4.1%

0.0%

0.0%

6
18
2

35

Other

Percent Vacant

5.7%

79

30

1325

23
156

6.0%

24

181

Total

Percent

18

5.6%

22
4
32

3
301
180
342

0.0%
7.3%
2.2%
9.4%

20

491

4.1%

0.0%

23
301
156
114
94

26.1%
6.3%
11.5%
2.6%
1.1%

19

301

6.3%

1
1

84
94

1.2%
1.1%

6
19
18
3
1

7
1

83
60

8.4%
1.7%

7
1

83
60

8.4%
1.7%

11.5%

13.3%

Total
Percent Vacant

0.0%

26.1%

6.7%

Total

29

Data is only for buildings with a Certificate of Occupancy. Rents are calculated as if units are unfurnished.

IV-23

625

4.6%

15

129

11.6%

15

129

11.6%

15

134

11.2%

149

2300

6.5%

Vacancy Rates During the Current Quarter


Aurora Central Southeast

Rent Level
$000 to $225
$226 to $250
$251 to $275
$276 to $300
$301 to $325
$326 to $350
$351 to $375
$376 to $400
$401 to $425
$426 to $450
$451 to $475
$476 to $500
$501 to $525
$526 to $550
$551 to $575
$576 to $600
$601 to $625
$626 to $650
$651 to $675
$676 to $700
$701 to $725
$726 to $750
$751 to $775
$776 to $800
$801 to $825
$826 to $850
$851 to $875
$876 to $900
$901 to $925
$926 to $950
$951 to $975
$976 to $1000
$1001 to 1025
$1026 to 1050
$1051 to 1075
$1076 to 1100
$1101 to 1125
$1126 to 1150
$1151 to 1175
$1176 to 1200
$1201 to 1225
$1226 to 1250
$1251 to 1275
$1276 to 1300
$1301 to 1325
$1326 to 1350
$1351 to 1375
$1376 to 1400
$1401 to 1425
$1426 to 1450
$1451 to 1475
$1476 to 1400
$1501 to 1525
$1526 to 1550
$1551 to 1575
$1576 to 1500
$1601 to 1625
$1626 to 1650
$1651 to 1675
$1676 to 1600
$1701 to 1725
$1726 to 1750
$1751 to 1775
$1776 to 1800
$1801 to 1825
$1826 to 1850
$1851 to 1875
$1876 to 1900
$1901 to 1926
$1926 to 1950
$1951 to 1975
$1976 to 2000
$2000 and up
TOTALS

Efficiencies

One Bedroom

Total

Total

Vacant

Percent Vacant

31

22.6%

63

0.0%
8
3
17
11
2
47
5

10

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Percent Vacant

Total

Percent Vacant

Total

Three Bedroom

Percent Vacant

Total

111

Total

Percent

0.0%

0.0%

0.0%
0.0%
0.0%
0.0%
0.0%
3.6%
2.0%
3.7%
5.6%
0.0%
2.7%
10.2%
5.1%
0.0%
0.0%
5.2%
0.0%
0.0%

5
35
11
6
70
220
147
456
201
5
74
467
157
123
546
443
14
36
42
206
362
211
3
13
111
125
97
16

0.0%
20.0%
0.0%
0.0%
0.0%
3.6%
2.0%
3.7%
5.5%
0.0%
2.7%
10.1%
3.8%
4.9%
2.4%
4.1%
0.0%
2.8%
0.0%
1.9%
9.7%
9.0%
0.0%
38.5%
3.6%
6.4%
3.1%
0.0%

112

40

0.0%

234

3.4%

24

4.2%

1
18

42
152

2.4%
11.8%

7.1%

16

8
3
17
11

1
3
2

0.0%
0.0%
0.0%

8
18
116
525
17
13
9
42
164
210
99
3
13
111
109
97
4

0.0%
5.6%
5.2%
2.1%
0.0%
0.0%
0.0%
0.0%
1.8%
8.1%
11.1%
0.0%
38.5%
3.6%
5.5%
3.1%
0.0%

17

212

8.0%

17

6
212

0.0%
8.0%

68

5.9%

68

5.9%

48

2.1%

20

0.0%

20

10.0%

0.0%

4585

5.3%

1
6
11

3
17
11
5
4
6
3

12.5%

2005

5.5%

30

508

5.9%

88

Data is only for buildings with a Certificate of Occupancy. Rents are calculated as if units are unfurnished.

IV-24

1844

4.8%

20

10.0%

2
47
6
6
13
18
1
4
35
19
5
4
8
3

7.4%

Total
Percent Vacant

5
4
11
6
7
220
147
455
198
3
74
459
99
7
1
192
1
3

94

Total

Other

Percent Vacant

12

0.0%

0.0%

48

2.1%

20

0.0%

20

10.0%

106

2.8%

0.0%

28

7.1%

241

Vacancy Rates During the Current Quarter


Aurora Central Southwest

Rent Level
$000 to $225
$226 to $250
$251 to $275
$276 to $300
$301 to $325
$326 to $350
$351 to $375
$376 to $400
$401 to $425
$426 to $450
$451 to $475
$476 to $500
$501 to $525
$526 to $550
$551 to $575
$576 to $600
$601 to $625
$626 to $650
$651 to $675
$676 to $700
$701 to $725
$726 to $750
$751 to $775
$776 to $800
$801 to $825
$826 to $850
$851 to $875
$876 to $900
$901 to $925
$926 to $950
$951 to $975
$976 to $1000
$1001 to 1025
$1026 to 1050
$1051 to 1075
$1076 to 1100
$1101 to 1125
$1126 to 1150
$1151 to 1175
$1176 to 1200
$1201 to 1225
$1226 to 1250
$1251 to 1275
$1276 to 1300
$1301 to 1325
$1326 to 1350
$1351 to 1375
$1376 to 1400
$1401 to 1425
$1426 to 1450
$1451 to 1475
$1476 to 1400
$1501 to 1525
$1526 to 1550
$1551 to 1575
$1576 to 1500
$1601 to 1625
$1626 to 1650
$1651 to 1675
$1676 to 1600
$1701 to 1725
$1726 to 1750
$1751 to 1775
$1776 to 1800
$1801 to 1825
$1826 to 1850
$1851 to 1875
$1876 to 1900
$1901 to 1926
$1926 to 1950
$1951 to 1975
$1976 to 2000
$2000 and up
TOTALS

Efficiencies

One Bedroom

Total

Total

Vacant

Percent Vacant

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Percent Vacant

Total

Percent Vacant

Total

Three Bedroom

Percent Vacant

Total

Percent Vacant

Other
Total

Total
Percent Vacant

Total

Percent

28

3.6%

28

3.6%

45

2.2%

28
9

45
4
356
224
126
16
334
50
618
240
22
23
235
141
126
596
342
392
219
271
246
263
155
20
310
16
467
204

2.2%
0.0%
2.0%
7.6%
4.8%
0.0%
3.3%
10.0%
2.1%
2.9%
18.2%
0.0%
1.3%
5.0%
2.4%
3.4%
6.1%
4.1%
3.2%
0.0%
8.1%
4.2%
8.4%
10.0%
4.5%
0.0%
6.0%
4.4%

5
7

1
80
193

0.0%
6.3%
3.6%

64

3.1%

3
3
1
13
18
16
2

4
356
224
126
16
334
50
522
149
19
21
231
33
16
390
232
369
3

0.0%
2.0%
7.6%
4.8%
0.0%
3.3%
10.0%
2.1%
1.3%
21.1%
0.0%
1.3%
9.1%
6.3%
3.3%
7.8%
4.3%
66.7%

17

216

7.9%

7
17
6
11
5
11
2
4

7
17
6

2
5

3
2
3
3

3
10
13
2
1

73

2.7%

136

3311

4.1%

49

96
91
3
2
4
83
105
128
102
12
11
10
11
140
146
9
60

64

4
1081

2.1%
5.5%
0.0%
0.0%
0.0%
3.6%
1.9%
2.3%
2.9%
0.0%
0.0%
0.0%
27.3%
7.1%
8.9%
22.2%
1.7%

11
5
13
7
4

28
9

25
5
78
8
11
205
261
19
123
9
11
249
16
467
204

4.0%
0.0%
5.1%
0.0%
0.0%
2.4%
0.0%
0.0%
0.8%
0.0%
0.0%
4.8%
0.0%
6.0%
4.4%

5
7

1
80
193

0.0%
6.3%
3.6%

12

3
7
3
20
21
16
7

100.0%

3.1%

0.0%
4.5%

13

232

5.6%

85

2197

3.9%

Data is only for buildings with a Certificate of Occupancy. Rents are calculated as if units are unfurnished.

IV-25

20
11
13
2
14

1
3
1
1

12
12
24
36

8.3%
25.0%
4.2%
2.8%

1
16
1
1

12
244
24
36

8.3%
6.6%
4.2%
2.8%

4
11

48
133

8.3%
8.3%

4
283

52
6795

7.7%
4.2%

Vacancy Rates During the Current Quarter


Aurora South

Rent Level
$000 to $225
$226 to $250
$251 to $275
$276 to $300
$301 to $325
$326 to $350
$351 to $375
$376 to $400
$401 to $425
$426 to $450
$451 to $475
$476 to $500
$501 to $525
$526 to $550
$551 to $575
$576 to $600
$601 to $625
$626 to $650
$651 to $675
$676 to $700
$701 to $725
$726 to $750
$751 to $775
$776 to $800
$801 to $825
$826 to $850
$851 to $875
$876 to $900
$901 to $925
$926 to $950
$951 to $975
$976 to $1000
$1001 to 1025
$1026 to 1050
$1051 to 1075
$1076 to 1100
$1101 to 1125
$1126 to 1150
$1151 to 1175
$1176 to 1200
$1201 to 1225
$1226 to 1250
$1251 to 1275
$1276 to 1300
$1301 to 1325
$1326 to 1350
$1351 to 1375
$1376 to 1400
$1401 to 1425
$1426 to 1450
$1451 to 1475
$1476 to 1400
$1501 to 1525
$1526 to 1550
$1551 to 1575
$1576 to 1500
$1601 to 1625
$1626 to 1650
$1651 to 1675
$1676 to 1600
$1701 to 1725
$1726 to 1750
$1751 to 1775
$1776 to 1800
$1801 to 1825
$1826 to 1850
$1851 to 1875
$1876 to 1900
$1901 to 1926
$1926 to 1950
$1951 to 1975
$1976 to 2000
$2000 and up
TOTALS

Efficiencies

One Bedroom

Total

Total

Vacant

24

Percent Vacant

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Percent Vacant

Total

Percent Vacant

Total

Three Bedroom

Percent Vacant

Total

Total
Percent Vacant

Total

145

6.9%

10

145
2

6.9%
0.0%

4
16

363
241

1.1%
6.6%

4
16

363
241

1.1%
6.6%

96

6.3%

9
6

238
96

3.8%
6.3%

5
1

180
152

2.8%
0.7%

2
5
10

108
233
333

1.9%
2.1%
3.0%

14

326

4.3%

14

326

4.3%

4.2%

238

3.8%

84
53
24

1.2%
0.0%
12.5%

52
20
64

157

3.8%

10

92

10.9%

10
2
1

92
52
20
64

10.9%
3.8%
5.0%
0.0%

11

202

5.4%

11

202

5.4%

2
1

192
52

1.0%
1.9%

2
1
5

192
52
88

1.0%
1.9%
5.7%

3
3

24
120
13

0.0%
2.5%
23.1%

3.8%
5.0%
0.0%

3.8%

Percent

10

26

Total

0.0%

2
1

Other

Percent Vacant

56

1503

3.7%

16

535

3.0%

33

Data is only for buildings with a Certificate of Occupancy. Rents are calculated as if units are unfurnished.

IV-26

120

815

88

5.7%

24

0.0%

2.5%

4.0%

13

23.1%

20

5.0%

20

15.0%

40

10.0%

1
10

48
193

2.1%
5.2%

30
50

0.0%
6.0%

1
119

78
3122

1.3%
3.8%

Vacancy Rates During the Current Quarter


Englewood/Sheridan

Rent Level
$000 to $225
$226 to $250
$251 to $275
$276 to $300
$301 to $325
$326 to $350
$351 to $375
$376 to $400
$401 to $425
$426 to $450
$451 to $475
$476 to $500
$501 to $525
$526 to $550
$551 to $575
$576 to $600
$601 to $625
$626 to $650
$651 to $675
$676 to $700
$701 to $725
$726 to $750
$751 to $775
$776 to $800
$801 to $825
$826 to $850
$851 to $875
$876 to $900
$901 to $925
$926 to $950
$951 to $975
$976 to $1000
$1001 to 1025
$1026 to 1050
$1051 to 1075
$1076 to 1100
$1101 to 1125
$1126 to 1150
$1151 to 1175
$1176 to 1200
$1201 to 1225
$1226 to 1250
$1251 to 1275
$1276 to 1300
$1301 to 1325
$1326 to 1350
$1351 to 1375
$1376 to 1400
$1401 to 1425
$1426 to 1450
$1451 to 1475
$1476 to 1400
$1501 to 1525
$1526 to 1550
$1551 to 1575
$1576 to 1500
$1601 to 1625
$1626 to 1650
$1651 to 1675
$1676 to 1600
$1701 to 1725
$1726 to 1750
$1751 to 1775
$1776 to 1800
$1801 to 1825
$1826 to 1850
$1851 to 1875
$1876 to 1900
$1901 to 1926
$1926 to 1950
$1951 to 1975
$1976 to 2000
$2000 and up
TOTALS

Efficiencies

One Bedroom

Total

Total

Vacant

Percent Vacant

0.0%

1
1
2
2
5

100.0%
0.0%
0.0%
0.0%
0.0%

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Percent Vacant

Total

Percent Vacant

Total

Three Bedroom

Percent Vacant

Total

Other
Total

Total
Percent Vacant

Total

Percent

0.0%

1
1
2
2
5

100.0%
0.0%
0.0%
0.0%
0.0%

0.0%

0.0%

0.0%

0.0%

0.0%

0.0%

2
4
32
3
25
57
78

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
2.6%

2
4
32

0.0%
0.0%
0.0%

6
57
78

0.0%
0.0%
2.6%

11

9.1%

11

9.1%

92

2.2%

92

2.2%

14

0.0%

156

2.6%

18
23
5

52
282
244
288

0.0%
6.4%
9.4%
1.7%

0.0%

3
18

14
4

156

2.6%

18
23
4

282
244
210

6.4%
9.4%
1.9%

52

78

36

0.0%
0.0%

0.0%

0.0%

78

1.3%

78

7.7%

78

3.8%

3
1

78
36

3.8%
2.8%

18

200

9.0%

18

200

9.0%

106

0.9%

1
12

10
106
134

0.0%
0.9%
9.0%

16

132

12.1%

16

132

12.1%

39

594

6.6%

3
116

26
2156

11.5%
5.4%

7.7%

2.8%

10
12

Percent Vacant

17

5.9%

54

1174

4.6%

19

134

335

0.0%

9.0%

5.7%

Data is only for buildings with a Certificate of Occupancy. Rents are calculated as if units are unfurnished.

IV-27

3
3

26
36

11.5%
8.3%

Vacancy Rates During the Current Quarter


Glendale

Rent Level
$000 to $225
$226 to $250
$251 to $275
$276 to $300
$301 to $325
$326 to $350
$351 to $375
$376 to $400
$401 to $425
$426 to $450
$451 to $475
$476 to $500
$501 to $525
$526 to $550
$551 to $575
$576 to $600
$601 to $625
$626 to $650
$651 to $675
$676 to $700
$701 to $725
$726 to $750
$751 to $775
$776 to $800
$801 to $825
$826 to $850
$851 to $875
$876 to $900
$901 to $925
$926 to $950
$951 to $975
$976 to $1000
$1001 to 1025
$1026 to 1050
$1051 to 1075
$1076 to 1100
$1101 to 1125
$1126 to 1150
$1151 to 1175
$1176 to 1200
$1201 to 1225
$1226 to 1250
$1251 to 1275
$1276 to 1300
$1301 to 1325
$1326 to 1350
$1351 to 1375
$1376 to 1400
$1401 to 1425
$1426 to 1450
$1451 to 1475
$1476 to 1400
$1501 to 1525
$1526 to 1550
$1551 to 1575
$1576 to 1500
$1601 to 1625
$1626 to 1650
$1651 to 1675
$1676 to 1600
$1701 to 1725
$1726 to 1750
$1751 to 1775
$1776 to 1800
$1801 to 1825
$1826 to 1850
$1851 to 1875
$1876 to 1900
$1901 to 1926
$1926 to 1950
$1951 to 1975
$1976 to 2000
$2000 and up
TOTALS

Efficiencies

One Bedroom

Total

Total

Vacant

Percent Vacant

Two Bedroom
Two Bathroom

Percent Vacant

1
30

39
440

2.6%
6.8%

66

1.5%

17

Two Bedroom
One Bathroom
Total

43

Total

Other

Percent Vacant

106
21

8.5%
0.0%

21

23.8%

25
38

0.0%
0.0%

44

167

26.3%

113

3.5%

1
30

39
440

2.6%
6.8%

2.4%

121

7.4%

121

7.4%

17

0.0%

12

8.3%

9
10

106
21
43

8.5%
0.0%
23.3%

21

23.8%

25
38
52

0.0%
0.0%
0.0%

44

40
167

0.0%
26.3%

10
113

0.0%
3.5%

12

8.3%

0.0%

0.0%

8.9%

Percent

82

10

1053

Total

0.0%

94

Total
Percent Vacant

23.3%

23.3%

Total

6.3%

40

43

Total

16

52

10

Three Bedroom

Percent Vacant

10

Percent Vacant

23

8.7%

13

212

6.1%

27
30

Data is only for buildings with a Certificate of Occupancy. Rents are calculated as if units are unfurnished.

IV-28

142

248
452

0.0%

2.1%

10.9%
6.6%

9
9

16

0.0%

3
2

142
39

2.1%
5.1%

54
70

16.7%
12.9%

36
156

302
1830

11.9%
8.5%

Vacancy Rates During the Current Quarter


Littleton

Rent Level
$000 to $225
$226 to $250
$251 to $275
$276 to $300
$301 to $325
$326 to $350
$351 to $375
$376 to $400
$401 to $425
$426 to $450
$451 to $475
$476 to $500
$501 to $525
$526 to $550
$551 to $575
$576 to $600
$601 to $625
$626 to $650
$651 to $675
$676 to $700
$701 to $725
$726 to $750
$751 to $775
$776 to $800
$801 to $825
$826 to $850
$851 to $875
$876 to $900
$901 to $925
$926 to $950
$951 to $975
$976 to $1000
$1001 to 1025
$1026 to 1050
$1051 to 1075
$1076 to 1100
$1101 to 1125
$1126 to 1150
$1151 to 1175
$1176 to 1200
$1201 to 1225
$1226 to 1250
$1251 to 1275
$1276 to 1300
$1301 to 1325
$1326 to 1350
$1351 to 1375
$1376 to 1400
$1401 to 1425
$1426 to 1450
$1451 to 1475
$1476 to 1400
$1501 to 1525
$1526 to 1550
$1551 to 1575
$1576 to 1500
$1601 to 1625
$1626 to 1650
$1651 to 1675
$1676 to 1600
$1701 to 1725
$1726 to 1750
$1751 to 1775
$1776 to 1800
$1801 to 1825
$1826 to 1850
$1851 to 1875
$1876 to 1900
$1901 to 1926
$1926 to 1950
$1951 to 1975
$1976 to 2000
$2000 and up
TOTALS

Vacant

Efficiencies

One Bedroom

Total

Total

Percent Vacant

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Percent Vacant

Total
1

0.0%

Percent Vacant

100.0%

1
1
2

Total

Percent Vacant

Other
Total

Total
Percent Vacant

Total

Percent

100.0%

0.0%
0.0%
0.0%

1
1
2

0.0%
0.0%
0.0%

0.0%

1
6
1

0.0%
0.0%
0.0%

0.0%
1

0.0%

100.0%

3
6
5

0.0%
0.0%
0.0%

9
6
5

11.1%
0.0%
0.0%

35

5.7%

0.0%

36

5.6%

12

0.0%

12

0.0%

12

0.0%

0.0%

13

168

7.7%

168
9

4.8%
0.0%

13

172

7.6%

6
10

156
144

3.8%
6.9%

136

3.7%

151

6.0%

83

0.0%

27
1311

3.7%
5.3%

13

168

7.7%

168

4.8%

13

172

12

0.0%

0.0%

136

48

2.1%

5
10

698

0.0%

108
144

4.6%
6.9%

3.7%

42

0.0%

7.6%

0.0%

Total

Three Bedroom

Percent Vacant

6.0%

85

2.4%

24

Data is only for buildings with a Certificate of Occupancy. Rents are calculated as if units are unfurnished.

IV-29

151

6.0%

83

0.0%

495

4.8%

1
1

27
28

3.7%
3.6%

1
69

DEFINITION OF ARAPAHOE COUNTY MARKET AREAS AND CENSUS TRACTS

Market Area Boundaries:


Arapahoe County
South

North: City of Englewood and City and County of Denver; East: I-25,
South: Douglas County: West: City of Englewood and City of Littleton

Arapahoe County
Southeast

North: Arapahoe County Line; East: Havana/Parker Road; South:


Douglas County; West: I-25

Aurora-Central-NE

North: Colfax; East: Arapahoe County; South: Alameda; West: I-225

Aurora-Central-NW

North: Colfax; East: I-225; South: Alameda; West: City and County of
Denver line

Aurora-Central-SE

North: Alameda; East: Arapahoe County; South: Iliff; West: I-225

Aurora-Central-SW

North: Alameda; East: I-225; South: Iliff; West: City and County of
Denver line

Aurora - South

North: Iliff; East and South: Arapahoe County; West: Havana/Parker


Road

Englewood, Sheridan

All of the City of Englewood and City of Sheridan

Glendale

All of the City of Glendale

Littleton

All of City of Littleton

Census Tracts:
Arapahoe CountySouth

56.09, 56.10, 56.11, 56.12, 56.13, 56.14, 56.15, 56.16, 67.02, 67.04,
67.05, 67.06, 67.08, 67.09

Aurora-Central-NE

70.07, 70.08, 70.40, 70.43

Aurora-Central-NW

72.00, 73.00, 74.00, 75.00, 76.00, 77.02, 77.03, 77.04

Aurora-Central-SE

70.32, 70.38, 70.39, 70.41, 70.42, 70.44, 70.45, 70.46, 70.44, 70.45

Aurora-Central-SW

68.13, 70.03, 70.12, 70.15, 70.16, 70.17, 70.18, 70.19, 70.20, 70.21,
70.41, 70.46

Aurora - South

68.06, 68.07, 68.08, 68.54, 70.27, 70.28, 70.33, 70.34, 70.35, 70.47,
70.48, 70.49, 70.50, 70.51, 70.52, 70.53 70.55, 70.56, 70.57, 70.58,
70.59

Englewood, Sheridan

Englewood - 54.03, 55.51 (pt), 55.53 (pt), 56.12, (pt) 57, 58, 58.89,
59.50 (pt), 59.89 (pt), 60 (pt), 61 (pt), 62 (pt), 63 (pt), 64 (pt), 66.01 (pt)
Sheridan - 55.51 (pt), 55.52, 55.53 (pt), 57 (pt), 60 (pt), 62 (pt)

Littleton

55.53 (pt), 56.08 (pt), 56.09 (pt), 56.10 (pt), 56.11 (pt), 56.12 (pt), 56.18
(pt), 56.19 (pt), 56.20 (pt), 56.89 (pt), 64 (pt), 65.01 (pt), 65.01 (pt),
65.02 (pt), 66.01 (pt), 66.04, 66.98

Section V - Boulder/Broomfield Counties


Table of Contents
Graphs
Vacancy Rate by Quarter
Average Rent by Quarter
Vacancy Rate by Market Area by Quarter
Average Rent by Market Area by Apartment Type
Vacancy Rate by Age of Building
Vacancy Rate by Size of Building
Rent per Square Foot by Apartment Type
Rent per Square Foot by Apartment Unit Size
Estimate of Total Apartments by Year
New Apartment Units Added by Year
Vacancy Rates by Market Area by Apartment Type
Vacancy Rate by Apartment Type by Quarter
Median Rent by Apartment Type by Quarter
Average Rent by Size of Building by Quarter

V-1
V-1
V-2
V-2
V-3
V-3
V-4
V-4
V-5
V-5
V-6
V-6
V-7
V-7

Tables
Vacancy Rates by Market Area
Vacancy Rates by Size of Building by Market Area
Vacancy Rates by Size of Apartment Unit by Market Area
Vacancy Rates by Age of Building by Market Area
Vacancy Rates by Apartment Type by Market Area

V-8
V-9
V-9
V-10
V-10

Average Rents by Apartment Type by Market Area


Average Rents by Age of Building by Market Area
Average Rents by Size of Building by Market Area
Median Rents by Apartment Type by Market Area

V-11
V-11
V-12
V-12

Average Rent per Square Foot by Apartment Type by Market Area


Average Rent per Square Foot by Apartment Unit Size by Market Area

V-13
V-13

Rental Losses by Size, Age and Market Area


Economic Vacancy Rates by Size, Age and Market Area

V-14
V-14

Average Rents for Boulder/Broomfield County


Average Rent for Apartment Building/Community Features and Amenities

V-15
V-16

Apartment Unit Absorption by Quarter and Year


Estimate of New Apartments by Quarter
Monthly Resident Turnover by Size, Age and Market Area

V-17
V-17
V-18

Vacancy Rates During the Current Quarter - Boulder/Broomfield Counties Cumulative Totals
Vacancy Rates During the Current Quarter - Boulder - Other
Vacancy Rates During the Current Quarter - Broomfield
Vacancy Rates During the Current Quarter - Boulder - Except University
Vacancy Rates During the Current Quarter - Boulder - University
Vacancy Rates During the Current Quarter - Longmont

V-19
V-20
V-21
V-22
V-23
V-24

Market Area Descriptions and Census Tracts

V-25

725.00

V-1

Quarter

1525.00

1425.00

1325.00

1225.00

1125.00

1025.00

925.00

825.00
09 Q1

08 Q3

08 Q1

07 Q3

07 Q1

06 Q3

06 Q1

05 Q3

05 Q1

04 Q3

04 Q1

03 Q3

03 Q1

02 Q3

02 Q1

01 Q3

01 Q1

00 Q3

00 Q1

99 Q3

99 Q1

98 Q3

98 Q1

97 Q3

97 Q1

15 Q3
16 Q1

16 Q1

15 Q1

14 Q3

14 Q1

13 Q3

13 Q1

12 Q3

12 Q1

11 Q3

11 Q1

10 Q3

15 Q3

15 Q1

14 Q3

14 Q1

13 Q3

13 Q1

12 Q3

12 Q1

11 Q3

11 Q1

10 Q1

1625.00
09 Q3

Average Rent by Quarter


for Boulder/Broomfield Counties

10 Q3

Quarter

10 Q1

09 Q3

09 Q1

08 Q3

08 Q1

07 Q3

07 Q1

06 Q3

06 Q1

05 Q3

05 Q1

04 Q3

04 Q1

03 Q3

03 Q1

02 Q3

02 Q1

01 Q3

01 Q1

00 Q3

00 Q1

99 Q3

99 Q1

98 Q3

96 Q3

96 Q1

0.0

98 Q1

Rent (in dollars)

Percent Vacant

Vacancy Rate by Quarter


for Boulder/Broomfield Counties

14.0

12.0

10.0

8.0

6.0

4.0

2.0

Vacancy Rate by Market Area by Quarter


for Boulder/Broomfield Counties
16.0
15 Q3
14.0

15 Q4

Percent Vacant

16 Q1
12.0

16 Q2

10.0
8.0
6.0
4.0
2.0
0.0
Boulder - Other

Broomfield

Boulder - Except Boulder - Univ. Area


Univ.

Longmont

Boulder/Broomfield
Counties Average

Market Area

Average Rent by Market Area by Apartment Type


for Boulder/Broomfield Counties
3500

Efficiency
2 Bed, 1 Bath
3 Bed

Rent (in dollars)

3000

1 Bed
2 Bed, 2 Bath
All

2500

2000

1500

1000

500

Boulder - Other

Broomfield

Boulder - Except
Univ.

Boulder - Univ. Area

Market Area
V-2

Longmont

Boulder/Broomfield
Counties Average

Vacancy Rate by Age of Building


for Boulder/Broomfield Counties
20
18

15 Q3

15 Q4

16 Q1

16 Q2

16

Percent Vacant

14
12
10
8
6
4
2
0
To 1939

1940-49

1950-59

1960-69

1970-79

1980-89

1990-99

2000-09

2010 up

Year Built

Vacancy Rate by Size of Building


for Boulder/Broomfield Counties
12
15 Q3
15 Q4
10

16 Q1

Percent Vacant

16 Q2
8

0
Up to 8

9 to 50

51 to 99

100 to 199

Number of Units in Building

V-3

200 to 349

350 up

Rent per Square Foot by Apartment Type


for Boulder/Broomfield Counties
3

Rent per Square Foot (in dollars)

15 Q3
15 Q4

2.5

16 Q1
16 Q2

1.5

0.5

0
Efficiency

One Bedroom

Two Bed, One


Bath

Two Bed, Two


Bath

Three Bed

Average

Apartment Type

Rent per Square Foot by Apartment Unit Size


for Boulder/Broomfield Counties
2.5

Rent per Square Foot (in dollars)

15 Q3
15 Q4
2

16 Q1
16 Q2

1.5

0.5

0
499 below

500 to 749

750 to 999

Apartment Unit Size (in square feet)

V-4

1000 above

800

0
96 Q1
96 Q2
96 Q3
96 Q4
97 Q1
97 Q2
97 Q3
97 Q4
98 Q1
98 Q2
98 Q3
98 Q4
99 Q1
99 Q2
99 Q3
99 Q4
00 Q1
00 Q2
00 Q3
00 Q4
01 Q1
01 Q2
01 Q3
01 Q4
02 Q1
02 Q2
02 Q3
02 Q4
03 Q1
03 Q2
03 Q3
03 Q4
04 Q1
04 Q2
04 Q3
04 Q4
05 Q1
05 Q2
05 Q3
05 Q4
06 Q1
06 Q2
06 Q3
06 Q4
07 Q1
07 Q2
07 Q3
07 Q4
08 Q1
08 Q2
08 Q3
08 Q4
09 Q1
09 Q2
09 Q3
09 Q4
10 Q1
10 Q2
10 Q3
10 Q4
11 Q1
11 Q2
11 Q3
11 Q4
12 Q1
12 Q2
12 Q3
12 Q4
13 Q1
13 Q2
13 Q3
13 Q4
14 Q1
14 Q2
14 Q3
14 Q4
15 Q1
15 Q2
15 Q3
15 Q4
16 Q1
16 Q2

25000

96 Q1
96 Q2
96 Q3
96 Q4
97 Q1
97 Q2
97 Q3
97 Q4
98 Q1
98 Q2
98 Q3
98 Q4
99 Q1
99 Q2
99 Q3
99 Q4
00 Q1
00 Q2
00 Q3
00 Q4
01 Q1
01 Q2
01 Q3
01 Q4
02 Q1
02 Q2
02 Q3
02 Q4
03 Q1
03 Q2
03 Q3
03 Q4
04 Q1
04 Q2
04 Q3
04 Q4
05 Q1
05 Q2
05 Q3
05 Q4
06 Q1
06 Q2
06 Q3
06 Q4
07 Q1
07 Q2
07 Q3
07 Q4
08 Q1
08 Q2
08 Q3
08 Q4
09 Q1
09 Q2
09 Q3
09 Q4
10 Q1
10 Q2
10 Q3
10 Q4
11 Q1
11 Q2
11 Q3
11 Q4
12 Q1
12 Q2
12 Q3
12 Q4
13 Q1
13 Q2
13 Q3
13 Q4
14 Q1
14 Q2
14 Q3
14 Q4
15 Q1
15 Q2
15 Q3
15 Q4
16 Q1
16 Q2

Number of Apartment Units

Number of Apartment Units

Estimate of Total Apartments by Year


for Boulder/Broomfield Counties

43000

41000

39000

37000

35000

33000

31000

29000

27000

Year

New Apartment Units Added by Year


for Boulder/Broomfield Counties

1600

1400
1481

1200

1000

807

400

0 18
769
788

390

200

229

100
100

8
721
788

600

551

336

265

213

98

128

00

558

221

59 48
24

551

426

483

349

211

244

231

125 99

212

260

60

00

Year

V-5

376
307

6077 55
42
000000
0

386

238

206

00

238
146

359

96

0 0 21

26
0000

179

95

87

31

100198

Vacancy Rates by Market Area by Apartment Type


for Boulder/Broomfield Counties
20
Efficiency
One bedroom
Two bed, one bath
Two bed, two bath
Three bedroom
All

18

Percent Vacant

16
14
12
10
8
6
4
2
0
Boulder - Other

Broomfield

Boulder - Except
Univ.

Boulder - Univ.
Area

Longmont

Boulder/Broomfield
Counties Average

Market Area

Vacancy Rate by Apartment Type by Quarter


for Boulder/Broomfield Counties
12
15 Q3
15 Q4
10

16 Q1

Percent Vacant

16 Q2
8

0
Efficiency

One Bedroom

Two Bed, One Bath Two Bed, Two Bath

Apartment Type

V-6

Three Bed

Average

Median Rent by Apartment Type by Quarter


for Boulder/Broomfield Counties
2500
15 Q3
15 Q4

Rent (in dollars)

2000

16 Q1
16 Q2

1500

1000

500

0
Efficiency

One Bedroom

Two Bed, One BathTwo Bed, Two Bath

Three Bed

Average

Apartment Type

Average Rent by Size of Building


1800

$1,651.40
$1,531.35

1600
1400
1200
$1,008.00

$997.80

Up to 6 units

7 - 36 units

1000
800
600
400
200
0
37 + units

V-7

5 Story or More

Vacancy Rates by Market Area for Boulder/Broomfield Counties


First Figure = Rate for Quarter in Percent
Second Figure = Change from Year Ago
Third Figure = Twelve Month Average
2007
County
Boulder - Other

Broomfield

Boulder Except Univ.


Boulder - Univ.
Area
Longmont

Boulder/
Broomfield
Counties

3rd
5.2
0.7
4.6
4.1
-0.2
4.8
2.6
-3.5
3.9
1.9
-2.1
2.6
3.2
-1.3
5.8
3.6
-1.1
4.5

4th

2008
1st

2nd

3rd

2009
4th

1st

2010

2011

2012

2013

2014

2015

2016

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

3.3 3.3 4.3 3.6 6.6 6.0


5.1
-2.2 -0.6 0.6 -1.6 3.3 2.7
0.8
4.0 3.9 4.0 3.6 4.5 5.1
5.3
6.0 4.9 4.9 5.5 7.2 6.7
7.0
0.5 0.1 0.3 1.4 1.2 1.8
2.2
4.9 4.9 5.0 5.3 5.6 6.1
6.6
2.0 3.2 3.3 2.4 3.0 3.6
6.6
-3.6 -1.1 0.1 -0.2 1.0 0.4
3.3
3.0 2.7 2.8 2.7 3.0 3.1
3.9
3.7 3.8 4.4 1.1 0.6 2.4 11.4
2.1 2.9 -1.5 -0.8 -3.2 -1.4
7.0
3.1 3.8 3.4 3.2 2.5 2.1
3.9
11.5 15.1 19.6 10.5 8.7 8.9
9.1
3.9 6.8 15.8 7.3 -2.9 -6.2 -10.5
9.3
6.7 8.4 12.4 14.2 13.5 11.9
5.4 5.7 6.4 4.7 6.1 6.0
7.2
-0.1 0.9 2.4 1.1 0.6 0.3
0.8
4.4 4.7 5.3 5.5 5.7 5.8
6.0

4.9
1.2
5.7
4.0
-1.6
6.2
7.2
4.8
5.1
3.5
2.4
4.5
7.8
-2.7
8.6
5.5
0.8
6.2

4.9
-1.7
5.2
5.1
-2.1
5.7
5.8
2.8
5.8
2.0
1.5
4.8
12.8
4.2
9.7
5.8
-0.3
6.1

5.3
-0.7
5.0
5.1
-1.7
5.3
4.9
1.3
6.1
1.5
-0.9
4.6
6.4
-2.6
9.0
5.0
-1.0
5.9

3.8
-1.3
4.7
4.3
-2.7
4.6
6.9
0.4
6.2
4.2
-7.2
2.8
5.0
-4.1
8.0
4.9
-2.2
5.3

5.0
0.1
4.7
4.1
0.1
4.6
2.6
-4.6
5.1
1.1
-2.5
2.2
3.0
-4.8
6.8
3.5
-2.0
4.8

3.8
-1.0
4.5
5.2
0.1
4.7
3.5
-2.3
4.5
0.6
-1.4
1.8
2.6
-10.2
4.3
3.6
-2.2
4.3

10.0
4.7
7.2
5.7
0.6
4.9
3.1
-1.9
3.9
0.0
-1.5
1.3
2.8
-3.5
3.4
4.9
-0.2
4.5

6.4
2.5
6.9
5.7
1.4
5.3
4.7
-2.2
3.8
0.4
-3.9
0.4
2.6
-2.5
2.7
4.6
-0.3
4.4

4.3
-0.7
6.2
5.7
1.6
5.7
4.6
2.0
4.2
0.0
-1.1
0.1
5.0
2.0
3.8
4.7
1.2
4.7

4.0
0.8
6.2
5.8
1.0
5.7
3.5
-1.1
4.0
0.3
0.2
0.2
4.9
1.3
3.8
4.4
0.5
4.7

3.3
-6.7
4.5
4.8
-0.9
5.5
4.6
1.5
4.4
0.1
0.1
0.2
3.6
0.8
4.0
3.9
-1.0
4.4

4.6
-1.8
4.0
4.1
-1.5
5.1
4.4
-0.3
4.3
0.0
-0.4
0.1
2.2
-0.4
3.9
3.6
-1.0
4.2

3.3
-0.9
3.8
3.9
-1.8
4.7
1.8
-2.8
3.6
0.3
0.3
0.2
2.9
-2.0
3.4
2.9
-1.8
3.7

3.5
-0.6
3.7
6.2
0.4
4.8
1.9
-1.6
3.2
0.2
-0.2
0.1
2.7
-2.2
2.9
3.7
-0.7
3.5

4.7
1.4
4.3
4.5
-0.3
4.3
1.4
-3.2
2.3
0.3
0.1
0.2
2.3
-1.3
2.4
3.2
-0.6
3.3

3.7
-0.8
3.9
4.5
0.3
4.3
3.4
-1.1
2.5
0.5
0.5
0.4
3.6
1.4
3.1
3.8
0.2
3.4

3.4
0.1
3.8
3.3
-0.6
3.9
1.0
-0.8
1.7
2.0
1.7
1.2
2.6
-0.3
2.8
2.8
-0.2
3.1

3.8
0.0
3.9
3.6
0.0
4.0
3.9
0.0
2.4
0.0
0.0
0.7
3.3
0.0
3.0
3.4
0.0
3.3

3.7
-0.9
3.7
4.3
-0.2
3.9
22.0
20.6
7.6
1.8
1.5
1.1
1.3
-1.0
2.7
6.7
3.5
4.2

6.3
2.6
4.3
4.5
0.0
3.9
4.2
0.8
7.8
2.3
1.7
1.5
3.0
-0.6
2.6
4.4
0.6
4.3

4.2
0.8
4.5
3.6
0.3
4.0
3.1
2.0
8.3
2.3
0.3
1.6
2.5
-0.1
2.5
3.3
0.5
4.4

4.9
1.1
4.8
10.7
7.1
5.8
5.4
1.5
8.6
3.5
3.5
2.5
2.7
-0.6
2.4
7.2
3.8
5.4

2.9
-0.8
4.6
9.2
4.8
7.0
3.8
-18.2
4.1
5.1
3.3
3.3
1.8
0.5
2.5
6.0
-0.8
5.2

5.3
-1.0
4.3
5.4
1.0
7.2
4.7
0.5
4.2
5.6
3.4
4.1
3.0
0.0
2.5
4.8
0.4
5.3

3.0
-1.2
4.0
4.1
0.5
7.4
4.3
1.3
4.5
3.0
0.7
4.3
3.4
0.9
2.7
3.6
0.4
5.4

14.0
9.1
6.3
6.2
-4.5
6.2
5.6
0.2
4.6
2.7
-0.8
4.1
6.0
3.3
3.6
7.6
0.5
5.5

10.3
7.4
8.2
7.0
-2.1
5.7
6.7
2.9
5.3
1.7
-3.4
3.3
3.8
2.0
4.1
6.6
0.6
5.7

5.5
0.1
8.2
6.9
1.5
6.1
6.1
1.4
5.7
6.3
0.6
3.4
4.1
1.1
4.3
5.9
1.1
6.0

Due to rounding of the vacancy rate, numbers may not always add exactly.

V-8

3rd

4th

Vacancy Rates by Size of Building


by Market Area for Boulder/Broomfield Counties

Vacancy Rates by Size of Apartment Unit


by Market Area for Boulder/Broomfield Counties

(In Percent)

(In Percent)

County
Boulder - Other

2015

2016

Number of
Units

3rd

4th

1st

2nd

Up to 8

0.0

0.0

0.0

0.0

County
Boulder - Other

9 to 50

Broomfield

2016

3rd

4th

1st

2nd

499 below

0.0

3.6

1.8

1.8

500 to 749

5.0

1.7

2.5

5.0

51 to 99

8.3

6.3

3.1

3.1

750 to 999

3.3

19.7

9.5

5.5

100 to199

4.2

5.8

4.5

2.6

1000 above

2.7

10.3

12.3

5.7

200 to 349

6.9

33.9

22.2

11.1

350 up

0.8

5.1

5.5

3.2
3.4

0.0

Broomfield

Up to 8

499 below

0.6

9 to 50

500 to 749

3.1

2.3

3.0

1.6

51 to 99

750 to 999

3.9

5.5

6.4

7.9

1000 above

5.7

8.7

9.3

7.9

499 below

0.0

0.0

0.0

17.6

500 to 749

3.4

3.6

10.7

3.3

100 to 199

Boulder - Except
Univ.

2015

Square Feet in
Unit

200 to 349

1.9

3.8

4.7

4.4

350 up

7.7

8.7

10.2

9.3

Up to 8

0.0

0.0

0.0

0.0

9 to 50

4.3

0.0

0.0

0.0

51 to 99

5.0

5.6

0.0

8.4

750 to 999

4.4

5.5

6.6

4.4

100 to 199

2.2

4.2

8.3

5.7

1000 above

5.6

8.7

5.0

10.3

200 to 349

6.2

9.4

7.5
499 below

1.4

1.7

1.8

0.0

500 to 749

0.9

0.6

0.9

2.1

Boulder - Except
Univ.

350 up
Boulder - Univ.
Area

Longmont

Boulder - Univ.
Area

Up to 8

0.0

0.0

9 to 50

0.0

2.8

0.0

0.0

51 to 99

4.6

7.7

3.1

10.8

750 to 999

4.4

2.3

1.5

5.6

100 to 199

6.6

5.3

2.6

7.2

1000 above

5.8

10.3

3.3

8.4

200 to 349

3.1

2.1

5.5

350 up

1.0

0.0

0.7

Up to 8

5.6

0.0

5.6

0.0

5.6

Longmont

499 below

0.0

0.0

0.0

0.0

500 to 749

4.3

7.7

3.1

4.5

2.3

750 to 999

3.0

5.2

3.9

4.2

1.7

1000 above

3.3

5.4

4.4

3.6

2.6

9 to 50
51 to 99

1.7

5.6

4.6

100 to 199
200 to 349
350 up
Boulder/Broomfield Up to 8
Counties
9 to 50
51 to 99

3.0

5.2

4.3

4.0

5.8

9.7

1.7

5.8

1.7

0.0

2.7

2.2

1.9

2.5

0.9

0.0

0.0

Boulder/Broomfield 499 below


Counties
500 to 749

1.0

1.4

3.2

3.9

3.3

3.2

4.4

6.0

2.7

6.6

750 to 999

3.7

8.7

6.2

6.3

1000 above

4.2

8.5

8.9

6.6

100 to 199

4.0

4.9

5.5

4.5

200 to 349

3.3

9.7

7.2

5.4

350 up

4.0

6.6

6.7

7.1

V-9

Vacancy Rates by Age of Building


by Market Area for Boulder/Broomfield Counties

Vacancy Rates by Apartment Type


by Market Area for Boulder/Broomfield Counties

(In Percent

(In Percent)

2016

County

2.2
5.8

3.8
5.4

2.7
3.2

7.9

45.5

28.9

14.2

1.2
2.8
1.1
2.7
11.2

3.8
4.4
4.0
10.3

2.9
5.6
3.8
10.0
6.6

0.0
3.8
4.1
9.9
6.2

0.0
0.8

0.0
0.0

5.2
6.0
9.4
0.0
0.0

8.9
6.9
7.5
0.7

0.0
2.7
5.4
9.0
7.8
8.4
0.0
0.0

1.8
7.7
7.1
7.2
0.0

1.8
3.1
0.0
2.5
6.7

10.8
0.0
6.2
6.7

7.1
8.0
2.7
8.2
0.0
0.0
0.8
5.3
5.8
3.7
17.3

2.9
5.0
2.9
7.7
6.7
0.7
1.7
3.6
5.2
7.7
10.5

5.3
3.5
3.3
3.6
4.3
0.0
1.5
4.6
3.9
8.2
7.6

0.0
2.7
0.9
5.0
4.3
6.3
0.0
1.2
0.0
1.7
4.6
0.0
6.5
6.7

3.7
4.1
2.6
1.8
1.2
1.7
3.3
2.6
2.7
8.6

Broomfield

4.8
2.1

Boulder - Other

2nd

Boulder - Except
Univ.

1st

Boulder - Univ. Area

4th

Longmont

Boulder - Other
Broomfield

Boulder - Except
Univ.

Boulder - Univ.
Area
Longmont

Boulder/Broomfi
eld Counties

3rd

Boulder/Broomfield
Counties

2015
County Year
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up

V-10

2015

2016

Apartment Type

3rd

4th

1st

2nd

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

0.0
3.4
3.4
3.2
1.2
0.0
3.0
0.0
4.0
2.4
5.4
0.0
2.5
4.1
3.0
4.2
2.2
5.9
8.0
0.0
4.3
0.0
2.6
1.9
6.7
2.1
0.0
3.0
3.0
3.3
4.5
3.6
1.5
1.0
3.4
1.4
3.6
3.0
4.6
1.8
1.0
3.6

3.6
16.3
24.4
11.1
4.9
0.0
14.0
0.0
4.7
5.8
8.0
7.0
15.0
6.2
0.0
5.1
3.5
8.3
0.0

1.8
10.1
3.4
13.7
1.8
11.1
10.3
11.1
6.0
2.7
9.7
5.7
3.3
7.0
8.6
6.2
8.7
7.0
0.0

5.6
7.5
0.8
0.0
10.9
3.1

6.7
2.6
1.2
0.0
3.6
3.1

1.8
6.7
1.0
5.7
4.9
0.0
5.5
0.0
6.4
5.1
8.2
7.5
2.5
6.9
17.6
4.2
4.3
7.0
12.0
9.1
6.1
0.0
4.4
0.0
8.6
13.0

2.7
3.0
6.2
7.3
6.4
0.0
3.5
6.0
2.8
6.9
9.5
8.7
4.2
6.1
7.6

1.7
0.0
4.0
4.3
4.3
0.0
3.5
3.8
3.8
5.8
3.4
9.4
2.4
3.9
6.6

6.3
3.0
4.6
3.4
4.7
0.0
2.6
4.1
4.6
5.9
3.7
6.9
5.4
3.9
5.9

Average Rents by Apartment Type by


Market Area for Boulder/Broomfield Counties

Average Rents by Age of Building by


Market Area for Boulder/Broomfield Counties

(In Dollars)

(In Dollars)

2015
County
Boulder - Other
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Broomfield
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Boulder - Except Univ.
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Boulder - Univ. Area
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Longmont
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Boulder/Broomfield Co.

2016

2015

3rd

4th

1st

2nd

1037.50
1429.18
1527.74
1731.42
1944.60
1599.80

1087.50
1313.85
1529.24
1687.72
1958.00
1531.72

1137.50
1320.51
1437.33
1631.07
1930.63
1505.21

1162.50
1376.80
1520.73
1665.66
2022.48
1556.17

County
Boulder - Other

Broomfield
1190.00
1327.58
1189.03
1761.54
2144.71
1459.25

1167.00
1426.12
1383.97
1669.14
1973.66
1529.43

1187.00
1258.97
1359.99
1590.11
1738.51
1399.72

1196.00
1325.05
1427.63
1736.99
2008.66
1504.04

1113.12
1574.38
1614.75
2016.09
2467.20
1734.33

1470.53
1566.13
1520.26
1968.92
2551.20
1720.86

1501.45
1649.35
1786.72
1956.40
2500.00
1799.11

1423.35
1473.67
1519.31
1913.25
2606.40
1662.15

1432.55
1269.27
1280.43
2439.42
2572.25
1532.32

1393.70
1179.07
1302.14
2388.01
2575.38
1449.97

1624.08
1432.36
1400.00
2637.05
3089.91
1740.83

1859.41
1836.48
1550.00
2423.45
2991.43
2126.31

1127.62
1194.60
1318.48
1417.58
1527.56
1300.69

1048.44
1183.19
1277.17
1438.53
1597.21
1295.39

1080.38
1199.87
1287.95
1424.42
1506.21
1289.95

1219.24
1223.82
1283.31
1446.33
1691.53
1328.94

Boulder - Except Univ.

Boulder - Univ. Area

Longmont

Efficiency
1198.01 1240.99 1294.49 1308.16
1 Bed
1340.98 1339.78 1315.91 1356.71
2 Bed, 1 Bath
1341.65 1398.34 1386.34 1416.41
2 Bed, 2 Bath
1769.45 1692.70 1682.17 1723.35
3 Bed
2008.62 1987.45 1945.43 2028.99
All
1504.26 1493.64 1475.33 1526.66
Rents are based on the units being unfurnished with tenants paying
electricity and gas.

Year Built
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up

2016

3rd

4th

1st

2nd

1272.69
1640.92

1360.11
1572.45

1334.78
1498.14

1281.72
1580.19

1574.03

1461.21

1592.85

1579.80

965.72
1319.13
1599.06
1507.26
1619.66

1328.46
1480.10
1465.97
1683.09

995.99
1395.62
1377.27
1413.44
1480.30

962.62
1301.80
1520.40
1503.32
1616.29

1024.38
1391.20

935.00
1498.70

1810.81
1801.88
1930.96
1090.63
1108.15

1744.79
1801.88
1996.14
1170.13

1000.00
1398.03
1699.32
1843.97
1849.40
1787.96
1090.63
1207.05

1025.23
2007.69
792.00
2317.23
760.87

1083.49
2007.69
792.00
2463.68
727.00

2038.38
792.00
2248.50
823.33

1000.00
1372.51
1807.66
1649.50
1846.21
2013.41
1626.34
1062.09
2401.43
1135.21
1816.92
792.00
2332.57
694.07

1188.72
1363.40
1396.93

1182.33 1189.70 1228.95


1388.21 1325.71 1372.43
1340.25 1363.69 1377.26
1381.86 1366.45 1433.82
Boulder/Broomfield
To 1959
1376.63
875.57
727.00
916.30
Counties
1960-69
1061.45 1102.35 1166.36 1157.07
1970-79
1133.47 1391.20 1193.28 1203.58
1980-89
1268.00 1225.71 1249.72 1295.77
1990-99
1594.48 1552.45 1484.92 1555.88
1483.25 1436.50 1414.91 1483.43
2000-09
1868.02 1694.77 1728.17 1705.85
2010 up
Rents are based on units being unfurnished with tenants paying gas and electricity.

Average rents do not reflect "rental losses" from discounts and


concessions.

Average rents do not reflect "rental losses" from discounts and concessions.

Average rent minus rental losses equals effective rent.

Average rent minus rental losses equals effective rent.

V-11

Average Rents by Size of Building by Market Area


for Boulder/Broomfield Counties

Median Rents by Apartment Type by Market Area


for Boulder/Broomfield Counties

(In Dollars)

(In Dollars)

Number of Units
Boulder - Other
Up to 8
9 to 50
51 to 99
100 to 199
200 to 349
350 and up
Broomfield
Up to 8
9 to 50
51 to 99

2015

2016

2015

3rd

4th

1st

2nd

1048.33

1048.33

1048.33

1048.33

1519.46
1420.48
1528.10
1682.36

1466.93
1338.20
1430.87
1647.57

1438.85
1364.99
1546.53
1524.65

1542.55
1346.67
1583.88
1597.33

County
Boulder - Other
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Broomfield
Efficiency
1 Bed
2 Bed, 1 Bath

100 to 199

2016

3rd

4th

1st

2nd

1038.00
1442.93
1602.33
1781.34
1984.44
1604.82

1088.00
1384.63
1608.78
1779.99
1985.05
1503.05

1138.00
1313.17
1462.78
1615.04
1983.83
1472.36

1163.00
1391.20
1537.78
1685.16
2061.28
1535.98

1188.00
1344.38
1070.42

1163.00
1376.76
1392.49

1188.00
1327.17
1349.54

1188.00
1368.11
1382.67

2 Bed, 2 Bath

1698.11

1677.51

1597.86

1770.52

200 to 349

1387.23

1471.14

1390.45

1471.45

3 Bed

2009.65

2001.96

1598.00

1879.69

350 and up
Boulder - Except Univ.

1577.21

1593.79

1412.46

1534.63

All
Boulder - Except Univ.

1441.92

1435.58

1360.72

1436.38
1419.00

Up to 8

1018.08

967.69

990.77

1025.77

Efficiency

1584.63

1425.00

1531.25

9 to 50

1147.66

1130.14

1167.87

1176.17

1 Bed

1702.50

1635.72

1669.00

1520.71

51 to 99

1849.52

1775.04

1720.73

1788.92

2 Bed, 1 Bath

1415.67

1375.00

2011.94

1396.00

1661.24

100 to 199

1636.43

1675.99

1760.52

200 to 349

1855.10

1930.96

1996.14

350 and up
Boulder - Univ. Area
Up to 8

1666.14

1090.63

9 to 50

1377.71

1044.25

1044.25

2 Bed, 2 Bath

1983.80

1912.00

1813.30

1888.60

3 Bed

2013.50

2610.38

2535.38

2660.38

All
Boulder - Univ. Area

1788.13

1809.61

1810.27

1687.74

1090.63

Efficiency

986.00

1827.14

2152.79

1931.33

1045.64

1 Bed

992.68

995.64

1079.43

1984.58

51 to 99

1816.92

2007.69

2007.69

2038.38

2 Bed, 1 Bath

1192.76

1288.10

1388.00

1538.00

100 to199

1954.62

1853.98

2217.92

2326.02

2 Bed, 2 Bath

2010.43

2582.18

2394.09

2487.17

2145.48

2184.98

200 to 349

1698.00

350 and up
Longmont

1015.87

1102.94

1168.26

713.67

769.33

741.11

Up to 8

824.72

9 to 50
51 to 99

1171.17

1150.16

1180.23

100 to199

3 Bed

2010.62

2490.58

2490.58

2749.96

All
Longmont

1187.45

1049.52

1398.54

2044.75

Efficiency

1153.00

1062.63

1103.00

1196.67

1 Bed

1163.62

1163.91

1193.84

1216.83

1387.77

2 Bed, 1 Bath

1268.67

1284.14

1194.74

1223.93

1553.49

2 Bed, 2 Bath

1395.13

1486.14

1427.25

1392.29

200 to 349

1344.03

1350.42

1336.77

1344.69

3 Bed

1423.67

1473.67

1398.67

1570.50

350 and up

1230.70

1152.30

1165.33

1172.57

All

1284.08

1279.55

1265.41

1303.79

Up to 8

1169.93

920.96

878.65

959.89

Efficiency

1115.57

1091.43

1140.79

1193.33

9 to 50

1302.63

1101.51

1114.25

1119.55

1 Bed

1339.16

1315.05

1304.45

1378.28

51 to 99
100 to 199
200 to 349
350 and up

1550.27
1663.51
1471.77
1504.79

1531.40
1632.58
1454.23
1509.89

1552.76
1776.80
1474.25
1397.68

1703.73
1673.11
1487.84
1520.80

2 Bed, 1 Bath
1291.50 1381.69 1382.77 1355.80
2 Bed, 2 Bath
1779.74 1694.59 1617.41 1686.55
3 Bed
1984.95 1984.42 1891.16 2051.32
All
1467.02 1416.29 1397.34 1439.23
Rents are based on units being unfurnished with tenants paying gas and
electricity.

Boulder/Broomfield Counties

Boulder/Broomfield Counties

Rents reflect units being unfurnished with tenants paying gas and electricity.
Average rents do not reflect "rental losses" from discounts and concessions.

Average rents do not reflect "rental losses" from discounts and concessions.

Average rent minus rental losses equals effective rent.

Average rent minus rental losses equals effective rent.

V-12

Average Rent per Square Foot by Apartment Type by Market


Area for Boulder/Broomfield Counties

Average Rent Per Square Foot by Apartment Unit Size by


Market Area for Boulder/Broomfield Counties

(In Dollars)
County
Apartment Type
Boulder - Other
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Broomfield
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Boulder - Except Univ.
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Boulder - Univ. Area
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Longmont
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Boulder/Broomfield Counties
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All

(In Dollars)

2015

2016

County

3rd

4th

1st

2nd

2.14
1.81
1.61
1.51
1.38
1.64

2.25
1.68
1.60
1.47
1.39
1.58

2.35
1.69
1.51
1.44
1.37
1.56

2.40
1.76
1.60
1.47
1.44
1.61

2.15
1.82
1.30
1.60
1.63
1.67

2.11
1.82
1.42
1.50
1.36
1.65

2.15
1.70
1.43
1.43
1.36
1.57

2.16
1.76
1.49
1.53
1.39
1.65

1.91
2.17
1.83
1.93
2.03
2.01

2.75
2.13
1.72
1.91
2.11
2.03

2.78
2.18
1.86
1.85
2.06
2.06

3.13
2.06
1.76
1.83
2.15
1.96

2.43
2.01
1.56
2.09
2.11
2.00

2.29
1.82
1.74
1.96
1.84
1.86

2.62
2.06
1.87
2.23
2.15
2.10

2.40
2.27
2.90
2.08
1.97
2.19

2.06
1.74
1.47
1.38
1.18
1.54

1.92
1.71
1.42
1.39
1.23
1.53

1.98
1.71
1.41
1.40
1.17
1.53

2.24
1.74
1.40
1.42
1.31
1.56

2.15
1.88
1.49
1.61
1.51
1.73

2.30
1.80
1.54
1.54
1.44
1.67

2.38
1.79
1.51
1.52
1.44
1.66

2.44
1.81
1.53
1.55
1.47
1.67

Apartment Square Feet


Boulder - Other
499 below
500 to 749
750 to 999
1000 above

2016

2015
3rd

4th

1st

2nd

2.14
1.72
1.77
1.48

2.25
1.73
1.65
1.46

2.35
1.77
1.64
1.43

2.40
1.78
1.72
1.46

1.87
1.87
1.62
1.59

1.88
1.73
1.47

2.03
1.82
1.61
1.39

1.97
1.82
1.68
1.51

1.17
2.16
2.06
1.84

2.73
2.18
2.03
1.77

3.14
2.18
2.07
1.83

3.07
2.04
1.98
1.65

2.29
1.48
2.20
2.00

2.31
1.61
1.94
1.90

2.45
1.67
2.27
2.26

2.22
1.90
2.31
2.09

1.33
1.90
1.53
1.32

1.33
1.82
1.48
1.36

1.33
1.80
1.51
1.33

1.46
1.87
1.52
1.37

2.09
1.84
1.76
1.56

2.36
1.84
1.72
1.48

2.27
1.81
1.71
1.47

2.19
1.86
1.73
1.51

Broomfield
499 below
500 to 749
750 to 999
1000 above
Boulder - Except Univ.
499 below
500 to 749
750 to 999
1000 above
Boulder - Univ. Area
499 below
500 to 749
750 to 999
1000 above
Longmont
499 below
500 to 749
750 to 999
1000 above
Boulder/Broomfield Counties
499 below
500 to 749
750 to 999
1000 above

Rents are based on units being unfurnished with tenants paying gas and
electricity.

Rents are based on units being unfurnished with tenants paying gas and
electricity.

Average rents do not reflect "rental losses" from discounts and


concessions.

Average rents do not reflect "rental losses" due to concessions and


discounts.

V-13

Rental Losses by Size, Age and Market Area for


Boulder/Broomfield Counties

Economic Vacancy Rates by Size, Age and Market


Area for Boulder/Broomfield Counties

Includes Discounts and Concessions Average Rent Minus Rental


Losses Equals Effective Rent

Defined as Physcial Vacancy Plus Concessions and Writeoffs as a


Percentage of Gross Potential Rent

(In Percent)

(In Percent)

2015
Building Type

2016

Building

3rd

4th

1st

2nd

Type

Up to 8

1.8

5.4

-0.8

3.7

9 - 50

5.2

4.8

6.5

51 - 99

26.2

11.1

2015

2016

3rd

4th

1st

2nd

Up to 6

3.5

5.4

2.9

5.9

4.3

9 - 50

6.6

4.8

6.5

4.3

2.8

4.5

51 - 99

30.7

11.1

5.3

12.0

Size (in units)

Size

100 - 199

8.8

5.7

7.1

2.2

100 - 199

12.8

5.7

12.8

6.7

200 to 349

7.4

14.3

3.3

6.8

200 to 349

10.8

14.3

12.9

13.0

13.1

13.2

13.9

8.5

350 up

17.1

13.2

21.4

18.3

350 up

Age (year built)

Age
To 1959

6.7

4.9

0.0

4.2

To 1959

8.5

4.9

12.5

8.6

1960-69

6.5

6.6

9.2

2.5

1960-69

7.6

6.6

9.9

2.5

1970-79

8.3

1.8

5.1

3.3

1970-79

10.0

1.8

5.1

6.0

1980-89

11.2

12.3

3.2

2.1

1980-89

14.5

12.3

6.7

6.7

1990-99

13.0

5.3

2.8

5.0

1990-99

15.6

5.3

8.8

10.1

2000-09

8.0

7.7

19.4

9.3

2000-09

10.7

7.7

31.5

19.7

2010 up

6.9

18.2

4.7

7.6

2010 up

15.5

18.2

16.2

15.4

10.0

2.3

8.2

9.3

Market Area
Boulder - Other

13.0

27.4

25.0

17.8

Broomfield

9.6

4.2

8.5

7.9

Broomfield

13.7

10.8

16.6

16.0

Boulder - Except Univ.

8.9

2.8

6.2

2.3

Boulder - Except Univ.

13.2

8.6

13.3

8.4

Boulder - Univ. Area

Market Area
Boulder - Other

Boulder - Univ. Area

10.2

0.4

7.8

-2.9

13.3

2.6

9.4

4.5

Longmont

9.6

2.7

0.7

4.2

Longmont

13.1

9.3

4.9

9.0

Average

9.8

2.9

7.1

6.6

Average

13.4

11.9

15.1

13.8

V-14

Average Rents for Boulder/Broomfield Counties


(in dollars)

Efficency

1 Bed

2 Bed
1 Bath

2 Bed
2 Bath

3 Bed

Other

All

Market Area Totals


Boulder - Other

1162.50

1376.80

1520.73

1665.66

2022.48

1714.00

1556.17

Broomfield

1196.00

1325.05

1427.63

1736.99

2008.66

1891.75

1504.04

Boulder - Except Univ.

1423.35

1473.67

1519.31

1913.25

2606.40

1875.00

1662.15

Boulder - Univ. Area

1859.41

1836.48

1550.00

2423.45

2991.43

Longmont

1219.24

1223.82

1283.31

1446.33

1691.53

1358.68

1328.94

Boulder/Broomfield Counties Average

1308.16

1356.71

1416.41

1723.35

2028.99

1586.89

1526.66

978.75

1187.50

Buildings with up to 6 Units


Boulder - Other

2126.31

1048.33

Broomfield
Boulder - Except Univ.

878.33

1233.33

1055.83

1008.00

Boulder - Univ. Area


Longmont

560.00

640.00

1295.00

Boulder/Broomfield Counties Average

560.00

898.75

1223.33

1233.33

1550.00

1486.88

831.67

Buildings with 7 to 36 Units


Boulder - Other
Broomfield
Boulder - Except Univ.

1006.76

1006.76

Boulder - Univ. Area

845.00

943.47

Longmont

550.00

842.86

Boulder/Broomfield Counties Average

697.50

938.35

1550.00

1486.88

Buildings with 37 and Above Units


Boulder - Other

1162.50

1378.62

1524.00

1665.66

2022.48

1714.00

1557.48

Broomfield

1196.00

1325.05

1427.63

1736.99

2008.66

1891.75

1504.04

Boulder - Except Univ.

1423.35

1507.20

1519.31

1922.36

2606.40

1875.00

1681.07

Boulder - Univ. Area

1907.71

1962.99

2458.46

2991.43

Longmont

1240.00

1231.16

1283.28

1446.33

1691.53

1358.68

1333.49

Boulder/Broomfield Counties Average

1318.36

1363.38

1416.83

1724.25

2028.99

1586.89

1531.35

1053.82
823.33
997.80

2221.07

Buildings with 5 Stories and Above


Boulder - Other
Broomfield

1414.00

1843.00

1592.08

1508.00

2073.00

2733.00

2038.38

1420.36

1881.15

2733.00

1651.40

Boulder - Except Univ.


Boulder - Univ. Area
Longmont
Boulder/Broomfield Counties Average

V-15

Average Rent for Apartment Building/Community Features and Amenities in Boulder/Broomfield Counties
(In Dollars)
With Feature/Amenity
Feature/Amenity

Efficiency

1 Bed

2 Bed
1 Bath

2 Bed
2 Bath

Without Feature/Amenity
3 Bed

All

Efficiency

1 Bed

2 Bed
1 Bath

2 Bed
2 Bath

Outside Storage

1437.74

1331.51

1401.91

1740.90

2065.73

1504.49

1224.31

1390.08

1439.40

1706.35

Patio or Balcony

1318.36

1378.98

1427.56

1725.21

2028.99

1543.08

651.67

1082.64

1105.61

1631.47

Fireplace

1321.12

1381.17

1428.92

1724.13

2066.93

1546.17

1244.15

1294.33

1375.26

1720.74

Nine-Foot Ceilings

1318.45

1417.77

1522.15

1767.65

2127.42

1591.76

1257.30

1121.48

1271.19

1495.54

Swimming Pool

1308.67

1355.41

1404.71

1716.15

2028.99

1525.74

1301.93

1375.54

1484.76

1938.94

Spa or Sauna

1300.40

1403.16

1459.18

1746.97

1987.51

1565.30

1325.75

1202.80

1325.21

1616.92

Exercise Room

1294.09

1377.96

1424.06

1717.34

1997.79

1538.72

1337.86

1164.20

1379.90

Sport Court

1162.50

1391.62

1466.90

1755.15

2060.52

1601.15

1366.42

1347.67

Microwave

1318.45

1378.38

1462.49

1739.11

2077.79

1552.89

1257.30

Washer/Dryer Hookups

1230.10

1329.70

1406.46

1644.09

1877.63

1485.61

1476.85

Garbage Disposal

1308.16

1358.85

1416.41

1724.69

2028.99

1528.69

Dishwasher

1314.40

1361.16

1416.40

1724.69

2028.99

1530.27

702.50

1234.39

Air Conditioning

1318.36

1364.50

1418.12

1725.62

2028.99

1533.25

651.67

Ceiling Fan

1320.14

1347.18

1389.22

1720.53

2021.52

1518.01

Attached Garage

1342.30

1402.33

1579.56

1757.39

2157.36

Covered Parking

1540.53

1405.90

1405.67

1756.00

Clubhouse

1294.09

1369.57

1410.72

Business Center

1175.02

1382.77

Pets Allowed

1317.51

Resident Pays Sewer/Water

1317.51

Unit Security/Alarm System

Difference
3 Bed

1552.85

-48.37

1188.16

354.92

1884.04

1467.48

78.69

1805.08

1299.87

291.88

1540.67

-14.93

2289.15

1390.29

175.01

1838.72

2667.00

1409.57

129.15

1406.17

1711.44

2001.97

1503.80

97.35

1181.85

1329.11

1571.25

1816.13

1372.20

180.69

1412.40

1450.00

1944.61

2720.92

1631.76

-146.16

1649.00

1433.82

94.87

1422.50

1649.00

1378.56

151.70

1195.10

1331.19

1615.96

1325.60

207.65

1253.06

1388.02

1576.54

1733.34

2073.23

1558.21

-40.19

1599.49

1272.59

1327.51

1358.99

1697.00

1880.62

1478.58

120.90

1967.22

1560.37

1205.64

1299.02

1423.26

1680.64

2069.14

1489.61

70.76

1714.64

1997.79

1533.69

1337.86

1256.24

1440.64

1874.79

2667.00

1465.59

68.10

1482.04

1710.57

1988.01

1541.58

1478.45

1239.08

1305.47

1791.71

2142.22

1471.07

70.51

1359.07

1416.40

1721.99

2025.04

1526.98

951.00

1154.04

1422.50

1814.00

2364.00

1500.07

26.91

1373.47

1441.15

1728.82

2079.55

1544.64

951.00

1167.92

1317.66

1628.09

1550.49

1359.80

184.83

1372.49

1357.11

1767.41

1626.21

1525.78

1308.16

1353.49

1423.63

1714.16

2097.04

1526.84

-1.06

1736.99

1996.20

1549.49

1303.26

1231.69

1426.54

1656.76

2191.58

1435.30

114.20

810.41

1315.92

1360.10

1416.52

1723.35

2028.99

1528.89

-718.48

Handicapped Access

1308.81

1391.43

1412.91

Heat Included in Rent

555.00

811.31

1295.00

V-16

1289.00

2001.92

All

Apartment Unit Absorption by Quarter and Year for Boulder/Broomfield Counties

2013

2014

2015

2016

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
34612
788
35400
3.2%
34252
1148
930
37697
483
38180
6.7%
35617
2563
-803
39533
359
39892
6.0%
37512
2380
813
40010
100
40110
6.6%
37458
2652
504

Second
35400
95
35495
3.8%
34148
1347
-104
38180
179
38359
4.4%
36669
1690
1053
39892
87
39979
4.8%
38053
1926
542
40110
198
40308
5.9%
37916
2392
458

Third
35495
1481
36976
2.8%
35950
1026
1802
38359
386
38745
3.3%
37483
1262
813
39979
31
40010
3.6%
38573
1437
520

Fourth
36976
721
37697
3.4%
36420
1277
470
38745
788
39533
7.2%
36699
2834
-784
40010
0
40010
7.6%
36955
3055
-1618

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.

Estimate of New Apartments by Quarter for Boulder/Broomfield Counties


Beginning
Inventory
2009 1st
2nd
3rd
4th
2010 1st
2nd
3rd
4th
2011 1st
2nd
3rd
4th
2012 1st
2nd
3rd
4th
2013 1st
2nd
3rd
4th
2014 1st
2nd
3rd
4th
2015 1st
2nd
3rd
4th
2016 1st
2nd
3rd
4th

Units Added

33540
33847
33847
34085
34085
34085
34181
34181
34181
34202
34440
34466
34466
34466
34466
34466
34612
35400
35495
36976
37697
38180
38359
38745
39533
39892
39979
40010
40010
40110

V-17

307
0
238
0
0
96
0
0
21
238
26
0
0
0
0
146
788
95
1481
721
483
179
386
788
359
87
31
0
100
198

Ending
Inventory
33847
33847
34085
34085
34085
34181
34181
34181
34202
34440
34466
34466
34466
34466
34466
34612
35400
35495
36976
37697
38180
38359
38745
39533
39892
39979
40010
40010
40110
40308

Year-End
34612
3085
37697
3.4%
36420
1277
3098
37697
1836
39533
7.2%
36699
2834
3377
39533
477
40010
7.6%
36955
3055
256

Monthly Resident Turnover


By Size, Age of Building, and Market Area
for Boulder/Broomfield County
(In Percent)

2015
Building Type

2016

3rd

4th

1st

2nd

Up to 8

16.9

1.9

3.7

2.2

9 - 50

12.5

0.0

0.0

1.4

51-99

8.7

7.0

4.5

5.4

100 - 199

8.8

3.1

2.3

5.9

Size

200 to 349

5.6

3.5

4.0

5.1

350 up

4.1

3.6

4.2

6.9

12.5

3.2

12.5

4.3

Age
To 1959
1960-69

3.8

0.6

1.6

0.0

1970-79

5.4

0.0

0.0

3.5

1980-89

5.4

3.5

4.0

6.2

1990-99

9.3

4.0

3.4

5.1

2000-09

5.0

3.5

5.9

7.0

2010 up

5.9

4.2

3.4

5.2

Market Area
Boulder - Other

7.3

3.3

3.2

4.0

Broomfield

5.1

3.8

4.9

6.4

Boulder - Except Univ.

9.6

3.3

2.7

6.3

Boulder - Univ. Area

5.4

1.8

1.3

5.5

Longmont

5.2

4.9

4.1

5.2

County Average

6.2

3.6

3.8

5.8

Resident turnover is for respective months of February, May, August and


November.

V-18

Vacancy Rates During the Current Quarter


Boulder/Broomfield County

Rent Level
$000 to $225
$226 to $250
$251 to $275
$276 to $300
$301 to $325
$326 to $350
$351 to $375
$376 to $400
$401 to $425
$426 to $450
$451 to $475
$476 to $500
$501 to $525
$526 to $550
$551 to $575
$576 to $600
$601 to $625
$626 to $650
$651 to $675
$676 to $700
$701 to $725
$726 to $750
$751 to $775
$776 to $800
$801 to $825
$826 to $850
$851 to $875
$876 to $900
$901 to $925
$926 to $950
$951 to $975
$976 to $1000
$1001 to 1025
$1026 to 1050
$1051 to 1075
$1076 to 1100
$1101 to 1125
$1126 to 1150
$1151 to 1175
$1176 to 1200
$1201 to 1225
$1226 to 1250
$1251 to 1275
$1276 to 1300
$1301 to 1325
$1326 to 1350
$1351 to 1375
$1376 to 1400
$1401 to 1425
$1426 to 1450
$1451 to 1475
$1476 to 1400
$1501 to 1525
$1526 to 1550
$1551 to 1575
$1576 to 1500
$1601 to 1625
$1626 to 1650
$1651 to 1675
$1676 to 1600
$1701 to 1725
$1726 to 1750
$1751 to 1775
$1776 to 1800
$1801 to 1825
$1826 to 1850
$1851 to 1875
$1876 to 1900
$1901 to 1926
$1926 to 1950
$1951 to 1975
$1976 to 2000
$2000 and up
TOTALS

Efficiencies

One Bedroom

Total

Total

Vacant

1
1

Percent Vacant

56
54

28

2
20
9

0.0%

21

4.8%

1
9
1
3
178
6
15
4
74
169
8
15
34
129
411
99

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
1.4%
4.1%
0.0%
0.0%
0.0%
6.2%
3.9%
9.1%

254
144
96
167
455
574
634
520
201
32
47
6
30
14
23
1
6
66
8
2
2
1
4

6.7%
3.5%
1.0%
37.7%
2.6%
4.4%
3.9%
9.0%
6.5%
3.1%
8.5%
0.0%
3.3%
0.0%
13.0%
0.0%
16.7%
9.1%
0.0%
50.0%
0.0%
0.0%
50.0%

5
2
276

2
10
16
11
2
151
40
4697

0.0%
0.0%
0.0%
0.0%
0.0%
3.3%
5.0%
5.9%

0.0%

1.8%
1.9%

3.6%

0.0%
30.0%
0.0%

8
16
9
17
5
1
63
12
25
25
47
13
1
4
1

0.0%

0.0%

3
1
6
1

Percent Vacant

1
7

1
1

Two Bedroom
Two Bathroom

Total

Percent Vacant

Total

Three Bedroom

Percent Vacant

Total

Other

Percent Vacant

Total

Total
Percent Vacant

Total

0.0%
0.0%

1
1

Two Bedroom
One Bathroom

0.0%

3
9

0.0%
0.0%

4
196

0.0%
4.6%

1
7

35
2
1
2
5
171
97
12
12
9
186
10
42
12
19
19
50

0.0%
0.0%
0.0%
0.0%
0.0%
4.7%
2.1%
0.0%
0.0%
0.0%
4.8%
0.0%
2.4%
0.0%
0.0%
0.0%
8.0%

3
3

157
79

1.9%
3.8%

42

0.0%

30

6.7%

30

3.3%

8
2

9
1

2
192

0.0%
5.2%

3
5
11
49
3
21
13

46
85
131
48
49
66
2
84
73
206
225
66
324
587

2.2%
4.7%
4.6%
6.3%
0.0%
3.0%
0.0%
3.6%
6.8%
5.3%
21.8%
4.5%
6.5%
2.2%

12
39
9
15
9
3
4

24
142
231
170
311
177
60
16

0.0%
8.5%
16.9%
5.3%
4.8%
5.1%
5.0%
25.0%

35
257

398
3716

8.8%
6.9%

10
1
4
6
3
2

0.0%

22

4.5%

5
39

18
1068

27.8%
3.7%

0.0%

Data is only for buildings with a Certificate of Occupancy. Rents are calculated as if units are unfurnished.

V-19

15
23

36

0.0%

16

0.0%

48

10.4%

35

104

2.9%

0.0%

8.6%

30
18
30

0.0%
0.0%
0.0%

216
429

6.9%
5.4%

1
4

30
44

3.3%
9.1%

20
207

0.0%
3.9%

9
17
17
2
17
8
12
72
13
30
37
50
13
7
4
6
9
11
52
3
22
26
2
12
39
14
16
13
4
4

5
57
612

Percent

1
1

0.0%
0.0%

0.0%

21

4.8%

2
9
1
3
178
6
15
4
74
169
44
17
35
187
470
270
97
266
262
325
353
511
703
797
632
269
148
49
247
198
223
290
71
330
731
17
56
144
238
210
341
223
122
53
50
2
151
696
10313

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
1.4%
4.1%
0.0%
0.0%
0.0%
4.8%
3.6%
6.3%
2.1%
6.4%
3.1%
3.7%
20.4%
2.5%
4.3%
4.6%
7.9%
4.8%
4.7%
8.2%
2.4%
4.5%
4.9%
17.9%
4.2%
6.7%
3.6%
0.0%
3.6%
8.3%
16.4%
6.7%
4.7%
5.8%
3.3%
7.5%
0.0%
0.0%
3.3%
8.2%
5.9%

Vacancy Rates During the Current Quarter


Boulder - Other

Rent Level
$000 to $225
$226 to $250
$251 to $275
$276 to $300
$301 to $325
$326 to $350
$351 to $375
$376 to $400
$401 to $425
$426 to $450
$451 to $475
$476 to $500
$501 to $525
$526 to $550
$551 to $575
$576 to $600
$601 to $625
$626 to $650
$651 to $675
$676 to $700
$701 to $725
$726 to $750
$751 to $775
$776 to $800
$801 to $825
$826 to $850
$851 to $875
$876 to $900
$901 to $925
$926 to $950
$951 to $975
$976 to $1000
$1001 to 1025
$1026 to 1050
$1051 to 1075
$1076 to 1100
$1101 to 1125
$1126 to 1150
$1151 to 1175
$1176 to 1200
$1201 to 1225
$1226 to 1250
$1251 to 1275
$1276 to 1300
$1301 to 1325
$1326 to 1350
$1351 to 1375
$1376 to 1400
$1401 to 1425
$1426 to 1450
$1451 to 1475
$1476 to 1400
$1501 to 1525
$1526 to 1550
$1551 to 1575
$1576 to 1500
$1601 to 1625
$1626 to 1650
$1651 to 1675
$1676 to 1600
$1701 to 1725
$1726 to 1750
$1751 to 1775
$1776 to 1800
$1801 to 1825
$1826 to 1850
$1851 to 1875
$1876 to 1900
$1901 to 1926
$1926 to 1950
$1951 to 1975
$1976 to 2000
$2000 and up
TOTALS

Efficiencies

One Bedroom

Total

Total

Vacant

56

Percent Vacant

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Percent Vacant

Total

Percent Vacant

Total

Three Bedroom

Percent Vacant

Total

Other

Percent Vacant

Total

1
1

0.0%
0.0%

0.0%

0.0%

90

5.6%

1
5

57
91

1.8%
5.5%

56

1.8%

2
19
5
25

41
394
152
120

4.9%
4.8%
3.3%
20.8%

56
30
41
394
212
120
44
64
1
114
12
2
45

1.8%
0.0%
4.9%
4.8%
2.4%
20.8%
0.0%
3.1%
0.0%
1.8%
8.3%
0.0%
2.2%

10
13

128
587
9

7.8%
2.2%
0.0%

30
2

126
32

23.8%
6.3%

9
4
2

11.1%
0.0%
0.0%

7
127

135
2319

5.2%
5.5%

1.8%

1
1

1
1

0.0%
0.0%

30

0.0%

0.0%

1
6
12
2
3

0.0%
0.0%
8.3%
0.0%
33.3%

60

0.0%

26
64

0.0%
3.1%

2
19
5
25
2

108

1.9%

2
1

42

0.0%

1
10
13

128
587

7.8%
2.2%
9

0.0%

30

1.8%

Percent

0.0%
0.0%

56

Total

1
1

18

Total
Percent Vacant

59

881

6.7%

206

1
57

1.0%

Data is only for buildings with a Certificate of Occupancy. Rents are calculated as if units are unfurnished.

V-20

120
5

25.0%
0.0%

11.1%

5
1004

20.0%
5.7%

6
8

27

7.4%

4
2

0.0%
0.0%

130
163

4.6%
4.9%

0.0%

0.0%

Vacancy Rates During the Current Quarter


Broomfield

Rent Level
$000 to $225
$226 to $250
$251 to $275
$276 to $300
$301 to $325
$326 to $350
$351 to $375
$376 to $400
$401 to $425
$426 to $450
$451 to $475
$476 to $500
$501 to $525
$526 to $550
$551 to $575
$576 to $600
$601 to $625
$626 to $650
$651 to $675
$676 to $700
$701 to $725
$726 to $750
$751 to $775
$776 to $800
$801 to $825
$826 to $850
$851 to $875
$876 to $900
$901 to $925
$926 to $950
$951 to $975
$976 to $1000
$1001 to 1025
$1026 to 1050
$1051 to 1075
$1076 to 1100
$1101 to 1125
$1126 to 1150
$1151 to 1175
$1176 to 1200
$1201 to 1225
$1226 to 1250
$1251 to 1275
$1276 to 1300
$1301 to 1325
$1326 to 1350
$1351 to 1375
$1376 to 1400
$1401 to 1425
$1426 to 1450
$1451 to 1475
$1476 to 1400
$1501 to 1525
$1526 to 1550
$1551 to 1575
$1576 to 1500
$1601 to 1625
$1626 to 1650
$1651 to 1675
$1676 to 1600
$1701 to 1725
$1726 to 1750
$1751 to 1775
$1776 to 1800
$1801 to 1825
$1826 to 1850
$1851 to 1875
$1876 to 1900
$1901 to 1926
$1926 to 1950
$1951 to 1975
$1976 to 2000
$2000 and up
TOTALS

Vacant

Efficiencies

One Bedroom

Total

Total

Percent Vacant

174

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Percent Vacant

Total

0.0%

Total

0.0%

Total

Other

Percent Vacant

Total

Total
Percent Vacant

0.0%

Total

Percent

174

0.0%

35

0.0%

24

0.0%

24

0.0%

11
1

309
24

3.6%
4.2%

11
1

327
24

3.4%
4.2%

17

254

6.7%

17

254

6.7%

62
8
5
17
20
13

151
378
143
389
364
201

41.1%
2.1%
3.5%
4.4%
5.5%
6.5%

71
8
6
23
23
13
4

294
378
179
459
412
201
50

24.1%
2.1%
3.4%
5.0%
5.6%
6.5%
8.0%

2
11
47

52
206
201

3.8%
5.3%
23.4%

11
7

196
78

5.6%
9.0%

1
12
9
5
16
8

30
142
111
118
341
168
26

3.3%
8.5%
8.1%
4.2%
4.7%
4.8%
0.0%

14
320

158
4638

8.9%
6.9%

143

6.3%

36

2.8%

50

8.0%

52

3.8%

30

6.7%

30

3.3%

6
3

70
48

8.6%
6.3%

11
47

206
201

5.3%
23.4%

11

196

5.6%
5

12
9
4
15
8

18

Three Bedroom

Percent Vacant

0.0%

35

18

Percent Vacant

154

2411

6.4%

19

376

5.1%

11
137

Data is only for buildings with a Certificate of Occupancy. Rents are calculated as if units are unfurnished.

V-21

142
111
110
311
168

110
1673

8.5%
8.1%
3.6%
4.8%
4.8%

10.0%
8.2%

3
9

48

10.4%

12.5%

26

0.0%

38
120

7.9%
7.5%

30

3.3%

10
40

0.0%
2.5%

Vacancy Rates During the Current Quarter


Boulder - Except University

Rent Level
$000 to $225
$226 to $250
$251 to $275
$276 to $300
$301 to $325
$326 to $350
$351 to $375
$376 to $400
$401 to $425
$426 to $450
$451 to $475
$476 to $500
$501 to $525
$526 to $550
$551 to $575
$576 to $600
$601 to $625
$626 to $650
$651 to $675
$676 to $700
$701 to $725
$726 to $750
$751 to $775
$776 to $800
$801 to $825
$826 to $850
$851 to $875
$876 to $900
$901 to $925
$926 to $950
$951 to $975
$976 to $1000
$1001 to 1025
$1026 to 1050
$1051 to 1075
$1076 to 1100
$1101 to 1125
$1126 to 1150
$1151 to 1175
$1176 to 1200
$1201 to 1225
$1226 to 1250
$1251 to 1275
$1276 to 1300
$1301 to 1325
$1326 to 1350
$1351 to 1375
$1376 to 1400
$1401 to 1425
$1426 to 1450
$1451 to 1475
$1476 to 1400
$1501 to 1525
$1526 to 1550
$1551 to 1575
$1576 to 1500
$1601 to 1625
$1626 to 1650
$1651 to 1675
$1676 to 1600
$1701 to 1725
$1726 to 1750
$1751 to 1775
$1776 to 1800
$1801 to 1825
$1826 to 1850
$1851 to 1875
$1876 to 1900
$1901 to 1926
$1926 to 1950
$1951 to 1975
$1976 to 2000
$2000 and up
TOTALS

Efficiencies

One Bedroom

Total

Total

Vacant

Percent Vacant

2
20
9

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Percent Vacant

Total

Three Bedroom

Percent Vacant

Total

Other

Percent Vacant

Total

17.6%

1
1
4
4
12
4
6
7
6
15
5
3
12
3

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%

1
1
4
4
12
4
6
7
7
17
6
4
16
6
11
12
13
9
29
10
8
32
10
1
32
28

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
3.4%
0.0%
0.0%
18.8%
0.0%
0.0%
3.1%
10.7%

45
15
20

2.2%
0.0%
10.0%

66
8
24
2

9.1%
0.0%
0.0%
0.0%

55

9.1%

4
4
4

44
90
30

9.1%
4.4%
13.3%

0.0%

112
804

10.7%
6.1%

16

2
1
1
4
3
11
12
11
9
13
10
6
12
1
1

6.3%

32
28

3.1%
10.7%

18
12
20

0.0%
0.0%
10.0%

66
8

9.1%
0.0%

13

Percent

0.0%

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%

0.0%

0.0%
1

1
3
1

27

3.7%

1
2

24

0.0%

55

9.1%

3
4

60
16

5.0%
25.0%

0.0%

34

Total

Total
Percent Vacant

0.0%

1
3

Total

0.0%
30.0%
0.0%

0.0%

Percent Vacant

8
14

0.0%
0.0%

0.0%

310

4.2%

5
7

22

18
164

4.5%

27.8%
4.3%

4
16

Data is only for buildings with a Certificate of Occupancy. Rents are calculated as if units are unfurnished.

V-22

69
227

5.8%
7.0%

3
3

25
25

12.0%
12.0%

44

44

9.1%

9.1%

12
49

Vacancy Rates During the Current Quarter


Boulder - University

Rent Level
$000 to $225
$226 to $250
$251 to $275
$276 to $300
$301 to $325
$326 to $350
$351 to $375
$376 to $400
$401 to $425
$426 to $450
$451 to $475
$476 to $500
$501 to $525
$526 to $550
$551 to $575
$576 to $600
$601 to $625
$626 to $650
$651 to $675
$676 to $700
$701 to $725
$726 to $750
$751 to $775
$776 to $800
$801 to $825
$826 to $850
$851 to $875
$876 to $900
$901 to $925
$926 to $950
$951 to $975
$976 to $1000
$1001 to 1025
$1026 to 1050
$1051 to 1075
$1076 to 1100
$1101 to 1125
$1126 to 1150
$1151 to 1175
$1176 to 1200
$1201 to 1225
$1226 to 1250
$1251 to 1275
$1276 to 1300
$1301 to 1325
$1326 to 1350
$1351 to 1375
$1376 to 1400
$1401 to 1425
$1426 to 1450
$1451 to 1475
$1476 to 1400
$1501 to 1525
$1526 to 1550
$1551 to 1575
$1576 to 1500
$1601 to 1625
$1626 to 1650
$1651 to 1675
$1676 to 1600
$1701 to 1725
$1726 to 1750
$1751 to 1775
$1776 to 1800
$1801 to 1825
$1826 to 1850
$1851 to 1875
$1876 to 1900
$1901 to 1926
$1926 to 1950
$1951 to 1975
$1976 to 2000
$2000 and up
TOTALS

Vacant

Efficiencies

One Bedroom

Total

Total

Percent Vacant

14
1

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Percent Vacant

Total

Three Bedroom

Percent Vacant

Total

Percent Vacant

Other
Total

Total
Percent Vacant

Total

0.0%

0.0%

0.0%

3
9

0.0%
0.0%

4
22

0.0%
0.0%

Percent

14

0.0%

0.0%

0.0%

0.0%

2
3

0.0%
0.0%

2
3

0.0%
0.0%

2
6

0.0%
0.0%

2
6

0.0%
0.0%

0.0%

0.0%

18

5.6%
1

Total

0.0%

Percent Vacant

1
1

0.0%
0.0%

1
1

0.0%
0.0%

1
2
2

0.0%
0.0%
0.0%

0.0%

1
2
20
1
1

0.0%
0.0%
5.0%
0.0%
0.0%

0.0%

1
6

0.0%
16.7%

5
6

0.0%
16.7%

50.0%

50.0%

1
4

0.0%
50.0%

1
5

0.0%
40.0%

2
2
2
11

0.0%
0.0%
0.0%
0.0%

2
2
5
20

0.0%
0.0%
0.0%
0.0%

151
40
274

3.3%
5.0%
4.4%

151
281
542

3.3%
8.5%
6.3%

5
2
12

19
19

0.0%

Data is only for buildings with a Certificate of Occupancy. Rents are calculated as if units are unfurnished.

V-23

214
222

8.9%
8.6%

3
3

23
23

13.0%
13.0%

5
24
34

Vacancy Rates During the Current Quarter


Longmont

Efficiencies
Rent Level
$000 to $225
$226 to $250
$251 to $275
$276 to $300
$301 to $325
$326 to $350
$351 to $375
$376 to $400
$401 to $425
$426 to $450
$451 to $475
$476 to $500
$501 to $525
$526 to $550
$551 to $575
$576 to $600
$601 to $625
$626 to $650
$651 to $675
$676 to $700
$701 to $725
$726 to $750
$751 to $775
$776 to $800
$801 to $825
$826 to $850
$851 to $875
$876 to $900
$901 to $925
$926 to $950
$951 to $975
$976 to $1000
$1001 to 1025
$1026 to 1050
$1051 to 1075
$1076 to 1100
$1101 to 1125
$1126 to 1150
$1151 to 1175
$1176 to 1200
$1201 to 1225
$1226 to 1250
$1251 to 1275
$1276 to 1300
$1301 to 1325
$1326 to 1350
$1351 to 1375
$1376 to 1400
$1401 to 1425
$1426 to 1450
$1451 to 1475
$1476 to 1400
$1501 to 1525
$1526 to 1550
$1551 to 1575
$1576 to 1500
$1601 to 1625
$1626 to 1650
$1651 to 1675
$1676 to 1600
$1701 to 1725
$1726 to 1750
$1751 to 1775
$1776 to 1800
$1801 to 1825
$1826 to 1850
$1851 to 1875
$1876 to 1900
$1901 to 1926
$1926 to 1950
$1951 to 1975
$1976 to 2000
$2000 and up
TOTALS

Vacant

Total

1
1

One Bedroom

Percent Vacant

Total

36

28

Two Bedroom
Two Bathroom

Percent Vacant

Total

0.0%

16.7%

0.0%

1
7

66
156

1.5%
4.5%

Three Bedroom

Percent Vacant

Total

Other

Percent Vacant

Total

Total
Percent Vacant

Total

126

6.3%

72

11.1%

144
40

3.5%
0.0%

36
37
93
36

5.6%
2.7%
3.2%
5.6%

3.6%

8
2

3.0%

38

821

4.6%

168
86

4.8%
2.3%

0.0%

18

11

48

321

3
10

192

5.2%

1
4

46
84

2.2%
4.8%

22

0.0%

3
5

84
72

3.6%
6.9%

2
3

24
66

8.3%
4.5%

0.0%

2.1%

3.4%

28

Data is only for buildings with a Certificate of Occupancy. Rents are calculated as if units are unfurnished.

V-24

590

4.7%

104

2.9%

Percent

1
1

0.0%
0.0%

0.0%

16.7%

0.0%

1
7

66
156

1.5%
4.5%

8
1
16
2

126
36
240
86

6.3%
2.8%
6.7%
2.3%

8
11

249
260

3.2%
4.2%

82
121
93
90
22

3.7%
4.1%
3.2%
2.2%
0.0%

66

Total

2.8%

2
1
3
2

Percent Vacant

0.0%
0.0%

Two Bedroom
One Bathroom

36

0.0%

3
5
3
2

16

0.0%

4
5

132
88

3.0%
5.7%

2
3

24
66

8.3%
4.5%

16
30

0.0%
0.0%

10
2010

0.0%
4.1%

16
30

0.0%
0.0%

98

0.0%

10
114

0.0%
2.6%

82

DEFINITION OF BOULDER/BROOMFIELD COUNTIES MARKET AREAS


AND CENSUS TRACTS

Market Area Boundaries:


Boulder Co.-Other

All of Boulder County except for the incorporated cities of Boulder,


Broomfield, and Longmont

Broomfield

North: 168 Avenue; East: I-25; South: 112 Avenue; West: Indiana
Street

Boulder-Except
University

All of the City of Boulder except for the University area

Boulder-University
Area

North: Pearl: East: Gilpin and Pleasant View Road; South: Baseline;
West: Fourth

Longmont

All of the city of Longmont

th

th

Census Tracts:
Boulder County-Other

Tracts other than those listed below

Broomfield

85.13 (pt), 85.15 (pt), 85.16 (pt), 85.17 (pt), 86.01 (pt), 86.02 (pt), 98.11
(pt), 98.13 (pt), 98.16, (pt), 98.20 (pt), 131.02 (pt), 131.03, 131.04 (pt),
131.05

Boulder-Except
University

121.01 (pt), 121.02 (pt), 121.03 (pt), 121.04 (pt),


120.03 (pt), 122.04 (pt), 122.05 (pt), 124.02, 125.01, 125.02, 125.03,
125.05, 125.07, 125.08 (pt), 125.09, 125.10 (pt), 126.02 (pt), 126.03
(pt), 126.04 (pt), 127.01 (pt), 127.03 (pt), 127.05 (pt), 127.06 (pt),
127.07 (pt)

Boulder-University
Area

122.02, 122.03 (pt), 122.05 (pt), 123.00, 124.01, 126.02 (pt), 126.04 (pt)

Longmont

132.02, 133.02, 133.05, 133.06, 133.07, 133.08, 134.01, 134.02,


135.01, 135.01, 135.02, 135.04

Section VI - Denver County


Table of Contents
Graphs
Vacancy Rate by Quarter
Average Rent by Quarter
Vacancy Rate by Market Area by Quarter
Average Rent by Market Area by Apartment Type
Vacancy Rate by Age of Building
Vacancy Rate by Size of Building
Rent per Square Foot by Apartment Type
Rent per Square Foot by Apartment Unit Size
Estimate of Total Apartments by Year
New Apartment Units Added by Year
Vacancy Rates by Market Area by Apartment Type
Vacancy Rate by Apartment Type by Quarter
Median Rent by Apartment Type by Quarter
Average Rent by Size of Building by Quarter

VI-1
VI-1
VI-2
VI-2
VI-3
VI-3
VI-4
VI-4
VI-5
VI-5
VI-6
VI-6
VI-7
VI-7

Tables
Vacancy Rates by Market Area
Vacancy Rates by Size of Building by Market Area
Vacancy Rates by Size of Apartment Unit by Market Area
Vacancy Rates by Age of Building by Market Area
Vacancy Rates by Apartment Type by Market Area

VI-8
VI-9
VI-9
VI-10
VI-10

Average Rents by Apartment Type by Market Area


Average Rents by Age of Building by Market Area
Average Rents by Size of Building by Market Area
Median Rents by Apartment Type by Market Area

VI-11
VI-11
VI-12
VI-12

Average Rent per Square Foot by Apartment Type by Market Area


Average Rent per Square Foot by Apartment Unit Size by Market Area

VI-13
VI-13

Rental Losses by Size, Age and Market Area


Economic Vacancy Rates by Size, Age and Market Area

VI-14
VI-14

Average Rents for Denver County


Average Rent for Apartment Building/Community Features and Amenities

VI-15
VI-16

Apartment Unit Absorption by Quarter and Year


Estimate of New Apartments by Quarter
Monthly Resident Turnover by Size, Age and Market Area

VI-17
VI-17
VI-18

Vacancy Rates During the Current Quarter - Denver County Cumulative Totals
Vacancy Rates During the Current Quarter - Denver - Central
Vacancy Rates During the Current Quarter - Denver - Downtown
Vacancy Rates During the Current Quarter - Denver - East Central
Vacancy Rates During the Current Quarter - Denver - Far Southeast
Vacancy Rates During the Current Quarter - Denver - North Central
Vacancy Rates During the Current Quarter - Denver - Northeast
Vacancy Rates During the Current Quarter - Denver - Northwest
Vacancy Rates During the Current Quarter - Denver - South Central
Vacancy Rates During the Current Quarter - Denver - Southeast
Vacancy Rates During the Current Quarter - Denver - Southwest
Vacancy Rates During the Current Quarter - Denver - West Central

VI-19
VI-20
VI-21
VI-22
VI-23
VI-24
VI-25
VI-26
VI-27
VI-28
VI-29
VI-30

Market Area Descriptions and Census Tracts

VI-31

550.00

VI-1

Quarter

1350.00

1250.00

1150.00

1050.00

950.00

850.00

750.00

650.00
08 Q3

08 Q1

07 Q3

07 Q1

06 Q3

06 Q1

05 Q3

05 Q1

04 Q3

04 Q1

03 Q3

03 Q1

02 Q3

02 Q1

01 Q3

01 Q1

00 Q3

00 Q1

99 Q3

99 Q1

98 Q3

98 Q1

97 Q3

97 Q1

15 Q3
16 Q1

16 Q1

15 Q1

14 Q3

14 Q1

13 Q3

13 Q1

12 Q3

12 Q1

11 Q3

11 Q1

10 Q3

10 Q1

15 Q3

15 Q1

14 Q3

14 Q1

13 Q3

13 Q1

12 Q3

12 Q1

11 Q3

11 Q1

10 Q3

09 Q3

1450.00
09 Q1

Average Rent by Quarter


for Denver County

10 Q1

Quarter

09 Q3

09 Q1

08 Q3

08 Q1

07 Q3

07 Q1

06 Q3

06 Q1

05 Q3

05 Q1

04 Q3

04 Q1

03 Q3

03 Q1

02 Q3

02 Q1

01 Q3

01 Q1

00 Q3

00 Q1

99 Q3

99 Q1

98 Q3

96 Q3

96 Q1

98 Q1

Rent (in dollars)

Percent Vacant

Vacancy Rate by Quarter


for Denver County

14

12

10

Vacancy Rate by Market Area by Quarter


for Denver County
50
15 Q3

45

15 Q4
16 Q1

40

16 Q2

Percent Vacant

35
30
25
20
15
10
5
0

DenverCentral/Capitol Hill

Denver-Downtown

Denver-East
Central/Lowry

Denver-Far SE

Denver-North
Central/City Park

Denver-Northeast

Denver-Northwest

Denver-South
Central/Wash Park

Denver-Southeast

Denver-Southwest Denver-West Central

Denver County
Average

Market Area

Average Rent by Market Area by Apartment Type


for Denver County
4500

4000

Efficiency

1 Bed

2 Bed, 1 Bath

2 Bed, 2 Bath

3 Bed

All

Rent (in dollars)

3500

3000

2500

2000

1500

1000

500

DenverDenver-Downtown
Central/Capitol Hill

Denver-East
Central/Lowry

Denver-Far SE

Denver-North
Central/City Park

Denver-Northeast Denver-Northwest

Market Area

VI-2

Denver-South
Denver-Southeast Denver-Southwest
Central/Wash Park

Denver-West
Central

Denver County
Average

Vacancy Rate by Age of Building


for Denver County
25
15 Q3
15 Q4

20

16 Q1

Percent Vacant

16 Q2

15

10

0
To 1939

1940-49

1950-59

1960-69

1970-79

1980-89

1990-99

2000-09

2010 up

Year Built

Vacancy Rate by Size of Building


for Denver County
10
9

15 Q3

Percent Vacant

15 Q4

16 Q1

16 Q2

6
5
4
3
2
1
0
Up to 8

9 to 50

51 to 99

100 to 199

Number of Units in Building

VI-3

200 to 349

350 up

Rent per Square Foot by Apartment Type


for Denver County

Rent per Square Foot (in dollars)

2.5
15 Q3

15 Q4

16 Q1

16 Q2

1.5

0.5

0
Efficiency

One Bedroom

Two Bed, One


Bath

Two Bed, Two


Bath

Three Bed

Average

Apartment Type

Rent per Square Foot by Apartment Unit Size


for Denver County
2.5

Rent per Square Foot (in dollars)

15 Q3
15 Q4

16 Q1
16 Q2

1.5

0.5

0
499 below

500 to 749

750 to 999

Apartment Unit Size (in square feet)

VI-4

1000 above

Number of Apartment Units

200

191

15

96 Q1
96 Q2
96 Q3
96 Q4
97 Q1
97 Q2
97 Q3
97 Q4
98 Q1
98 Q2
98 Q3
98 Q4
99 Q1
99 Q2
99 Q3
99 Q4
00 Q1
00 Q2
00 Q3
00 Q4
01 Q1
01 Q2
01 Q3
01 Q4
02 Q1
02 Q2
02 Q3
02 Q4
03 Q1
03 Q2
03 Q3
03 Q4
04 Q1
04 Q2
04 Q3
04 Q4
05 Q1
05 Q2
05 Q3
05 Q4
06 Q1
06 Q2
06 Q3
06 Q4
07 Q1
07 Q2
07 Q3
07 Q4
08 Q1
08 Q2
08 Q3
08 Q4
09 Q1
09 Q2
09 Q3
09 Q4
10 Q1
10 Q2
10 Q3
10 Q4
11 Q1
11 Q2
11 Q3
11 Q4
12 Q1
12 Q2
12 Q3
12 Q4
13 Q1
13 Q2
13 Q3
13 Q4
14 Q1
14 Q2
14 Q3
14 Q4
15 Q1
15 Q2
15 Q3
15 Q4
16 Q1
16 Q2

90000
96 Q1
96 Q2
96 Q3
96 Q4
97 Q1
97 Q2
97 Q3
97 Q4
98 Q1
98 Q2
98 Q3
98 Q4
99 Q1
99 Q2
99 Q3
99 Q4
00 Q1
00 Q2
00 Q3
00 Q4
01 Q1
01 Q2
01 Q3
01 Q4
02 Q1
02 Q2
02 Q3
02 Q4
03 Q1
03 Q2
03 Q3
03 Q4
04 Q1
04 Q2
04 Q3
04 Q4
05 Q1
05 Q2
05 Q3
05 Q4
06 Q1
06 Q2
06 Q3
06 Q4
07 Q1
07 Q2
07 Q3
07 Q4
08 Q1
08 Q2
08 Q3
08 Q4
09 Q1
09 Q2
09 Q3
09 Q4
10 Q1
10 Q2
10 Q3
10 Q4
11 Q1
11 Q2
11 Q3
11 Q4
12 Q1
12 Q2
12 Q3
12 Q4
13 Q1
13 Q2
13 Q3
13 Q4
14 Q1
14 Q2
14 Q3
14 Q4
15 Q1
15 Q2
15 Q3
15 Q4
16 Q1
16 Q2

Number of Apartment Units

Estimate of Total Apartments by Year


for Denver County

125000

120000

115000

110000

105000

100000

95000

Year

New Apartment Units Added by Year


for Denver County

1800

1600
1577

1200
1271

800
736

600

643
631

400

433

20

467

190 191
153 142
146

520

556

348
346

394
306

149
105113

37 22
0

394

535

609
605

250
193
142141
108

333

VI-5

142
140
110
79
37
30
0000
0

Year

201203
151

276
190215
169
146
135
87
41 66
700
000
1474

1400
1516
1505

1443
1410

1094
1240

1000

764
890

698

436

573

344

124

Vacancy Rates by Market Area by Apartment Type


for Denver County
20
18

Percent Vacant

16
14

Efficiency
One bedroom
Two bed, one bath
Two bed, two bath
Three bedroom
All

12
10
8
6
4
2
0

DenverDenver-Downtown
Central/Capitol Hill

Denver-East
Central/Lowry

Denver-Far SE

Denver-North
Central/City Park

Denver-Northeast Denver-Northwest

Denver-South
Denver-Southeast Denver-Southwest
Central/Wash Park

Denver-West
Central

Denver County
Average

Market Area

Vacancy Rate by Apartment Type by Quarter


for Denver County
10
9

15 Q3

15 Q4

16 Q1

16 Q2

Percent Vacant

8
7
6
5
4
3
2
1
0
Efficiency

One Bedroom

Two Bed, One Bath Two Bed, Two Bath

Apartment Type

VI-6

Three Bed

Average

Median Rent by Apartment Type by Quarter


for Denver County
2000
15 Q3

Rent (in dollars)

1800

15 Q4

1600

16 Q1

1400

16 Q2

1200
1000
800
600
400
200
0
Efficiency

One Bedroom

Two Bed, One BathTwo Bed, Two Bath

Three Bed

Average

Apartment Type

Average Rent by Size of Building


for Denver County
1800
$1,580.13

1600
$1,405.78
Rent (in dollars)

1400

$1,285.12
$1,178.64

1200
1000
800
600
400
200
0
Up to 6 units

7 - 36 units

37 + units

Size of Building

VI-7

5 Story or More

Vacancy Rates by Market Area for Denver County


First Figure = Rate for Quarter in Percent
Second Figure = Change from Year Ago
Third Figure = Twelve Month Average
2006
County
DenverCentral/Capitol
Hill
DenverDowntown
Denver-East
Central/Lowry
Denver-Far SE

Denver-North
Central/City
Park
DenverNortheast
DenverNorthwest
Denver-South
Central/Wash
Park
DenverSoutheast
DenverSouthwest
Denver-West
Central
Denver County

3rd

4th

2007
1st

2nd

3rd

2008

2009
4th

1st

2010

4th

1st

2nd

3rd

2nd

3rd

4th

1st

2nd

7.0 6.7 7.0 5.1


5.9
5.0
-0.4 -1.4 -1.3 -4.1 -3.8 -4.3
7.3 6.7 6.7 6.4
6.2
5.7
8.0 6.7 7.8 7.1
4.3
4.9
2.0 -4.0 -0.5 -0.3 -4.0 -0.1
5.3 5.7 6.8 7.4
6.4
6.0
6.5 7.9 8.0 7.8
5.5
5.0
4.6 -3.7 -7.3 -1.9 -14.6 -12.2
10.8 8.5 7.1 7.5
7.3
6.6
9.7 6.2 6.9 5.2
5.3
5.3
0.2 -4.7 -4.5 -5.4 -3.3 -5.2
9.7 8.7 8.2 7.0
5.9
5.7
3.1 6.7 1.8 1.6
3.0
3.4
-4.2 -1.3 -9.8 -6.0 -0.2
0.2
3.8 4.7 4.2 3.3
3.3
2.5
4.1 7.3 7.2 6.9
5.5
6.0
-9.6 -4.0 -1.1 -5.6 -19.4 -6.8
10.4 9.0 8.1 6.4
6.7
6.4
6.2 3.1 4.3 6.7
3.7
3.7
-1.0 -9.8 -4.5 0.4 -2.0 -8.0
6.9 4.8 4.8 5.1
4.5
4.6
13.1 14.0 12.1 9.6
7.2
6.6
-3.8 1.1 -0.3 1.3 -15.3 -8.2
13.2 13.0 13.0 12.2 10.7
8.8
4.4 6.7 7.1 6.3
6.9
6.9
-2.6 -0.8 -0.5 -0.8 -1.0 -0.1
6.5 6.4 6.1 6.1
6.8
6.8
7.7 6.3 6.3 5.4
6.8
4.1
2.3 -1.2 -0.5 -1.3
0.6 -1.6
6.1 6.2 6.5 6.5
6.2
5.7
6.7 6.3 5.4 5.8
8.4 15.0
-3.2 -7.6 -6.5 -1.5 -3.7
5.7
9.2 8.4 7.8 6.1
6.5
8.7
7.3 6.9 7.2 6.1
5.7
5.5
-2.3 -1.8 -0.6 -1.5 -1.6 -1.4
7.9 7.4 7.3 6.9
6.5
6.1

4.7
-2.4
5.2
3.6
0.2
4.9
5.5
-8.1
5.9
5.0
-3.7
5.2
2.4
-1.4
2.6
8.1
-2.8
6.6
5.1
0.7
4.8
8.8
-3.5
8.0
4.5
-3.9
6.2
6.1
1.0
5.6
5.6
-2.3
8.7
5.1
-2.1
5.6

5.4
-0.6
5.2
4.6
-0.3
4.3
5.8
-0.2
5.5
6.7
-3.3
5.6
3.8
-1.3
3.2
7.3
-6.4
6.7
5.0
-0.4
4.4
9.9
-2.8
8.1
4.3
-1.9
5.7
6.0
0.4
5.7
4.5
-8.5
8.4
5.7
-0.5
5.5

6.6 7.6 9.5 9.6


-0.4 2.6 4.8 4.2
5.4 6.1 7.3 8.3
5.4 7.6 8.4 7.8
-2.6 2.7 4.8 3.1
4.6 5.3 6.5 7.3
4.4 7.5 8.0 8.5
-2.0 2.5 2.6 2.7
5.2 5.8 6.5 7.1
7.0 8.7 10.9 16.4
-2.7 3.4 5.9 9.7
6.0 6.8 8.3 10.7
4.0 5.2 4.4 10.2
0.9 1.9 2.0 6.3
3.4 3.9 4.4 6.0
7.6 8.1 4.6 6.6
3.5 2.1 -3.5 -0.7
7.2 7.8 6.9 6.7
5.1 7.9 5.6 4.5
-1.1 4.2 0.5 -0.5
4.7 5.8 5.9 5.8
7.5 9.1 8.0 9.4
-5.6 2.5 -0.8 -0.5
8.2 8.8 8.6 8.5
5.1 8.5 7.9 7.4
0.7 1.6 3.4 3.1
5.2 5.6 6.5 7.2
5.4 6.9 5.9 5.3
-2.3 2.8 -0.3 -0.6
5.4 6.1 6.1 5.9
4.5 6.9 2.3 8.6
-2.2 -8.1 -3.3 4.1
7.4 5.4 4.5 5.6
6.0 8.0 8.6 9.8
0.3 2.5 3.5 4.1
5.6 6.2 7.1 8.1

7.3
0.8
8.5
7.2
1.8
7.8
5.5
1.1
7.4
14.7
7.7
12.7
5.0
1.0
6.2
7.9
0.4
6.8
3.5
-1.6
5.4
10.0
2.5
9.1
7.2
2.1
7.8
5.9
0.4
6.0
10.1
5.5
7.0
8.5
2.5
8.7

7.7
0.1
8.5
6.8
-0.8
7.6
6.4
-1.1
7.1
15.5
6.9
14.4
8.9
3.7
7.1
6.1
-2.0
6.3
5.3
-2.6
4.7
11.0
1.9
9.6
6.8
-1.7
7.3
5.8
-1.1
5.7
7.8
0.9
7.2
8.8
0.8
8.9

7.3
-2.2
8.0
5.9
-2.5
6.9
7.2
-0.9
6.9
9.6
-1.3
14.1
5.7
1.3
7.5
5.2
0.6
6.5
4.5
-1.1
4.5
11.8
3.9
10.6
5.0
-2.9
6.6
5.4
-0.5
5.6
11.9
9.6
9.6
6.9
-1.6
8.5

6.9
-2.7
7.3
9.3
1.5
7.3
6.8
-1.7
6.5
9.4
-7.0
12.3
8.8
-1.4
7.1
6.8
0.2
6.5
5.1
0.6
4.6
9.8
0.4
10.7
5.3
-2.1
6.1
5.3
0.0
5.6
10.2
1.5
10.0
7.4
-2.3
7.9

2011
3rd

2012

2013

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

6.2
5.2
-1.1 -2.4
7.0
6.4
5.2
5.6
-2.0 -1.2
6.8
6.5
5.5
7.7
0.0
1.3
6.5
6.8
5.1
5.1
-9.6 -10.4
9.9
7.3
2.3
1.2
-2.7 -7.7
6.4
4.5
4.5
4.8
-3.5 -1.3
5.6
5.3
5.5
4.1
2.0 -1.2
5.1
4.8
8.6
4.4
-1.4 -6.6
10.3
8.7
4.8
4.8
-2.4 -2.0
5.5
5.0
4.2
5.4
-1.7 -0.5
5.2
5.1
6.8
2.8
-3.3 -5.0
9.1
7.9
5.3
5.2
-3.2 -3.6
7.1
6.2

3.7
-3.5
5.5
5.1
-0.7
6.3
6.9
-0.3
6.7
4.3
-5.3
6.0
2.3
-3.4
3.6
5.7
0.5
5.5
8.6
4.1
5.8
4.6
-7.2
6.9
4.9
-0.1
5.0
4.6
-0.8
4.9
4.1
-7.8
6.0
4.8
-2.1
5.7

3.6
-3.3
4.7
3.3
-6.0
4.8
5.2
-1.6
6.3
4.5
-4.9
4.7
4.2
-4.6
2.5
5.1
-1.6
5.0
3.0
-2.1
5.3
4.9
-4.9
5.6
4.2
-1.1
4.7
3.7
-1.6
4.5
1.4
-8.8
3.8
4.1
-3.3
4.9

3.2
-3.0
3.9
3.6
-1.6
4.4
5.3
-0.2
6.3
5.1
0.0
4.7
0.9
-1.4
2.1
4.4
0.0
5.0
2.7
-2.8
4.6
5.8
-2.8
5.0
4.2
-0.6
4.5
4.2
0.0
4.5
0.7
-6.1
2.2
4.3
-1.0
4.6

3.8
-1.5
3.6
4.4
-1.3
4.1
5.6
-2.1
5.8
5.8
0.7
4.9
2.3
1.1
2.4
5.8
0.9
5.3
5.5
1.4
5.0
3.4
-0.9
4.7
4.1
-0.8
4.3
5.4
0.0
4.5
2.7
-0.1
2.2
4.8
-0.5
4.5

2.6
-1.1
3.3
4.0
-1.1
3.8
6.3
-0.6
5.6
5.6
1.3
5.3
4.9
2.6
3.1
4.9
-0.8
5.1
3.2
-5.5
3.6
3.5
-1.2
4.4
3.4
-1.4
4.0
3.4
-1.2
4.2
0.0
-4.1
1.2
4.2
-0.6
4.3

3.7
0.1
3.3
4.9
1.6
4.2
4.7
-0.6
5.5
5.3
0.8
5.5
2.3
-1.8
2.6
4.8
-0.4
5.0
5.2
2.2
4.1
4.2
-0.7
4.2
6.2
2.0
4.5
3.9
0.2
4.3
2.7
1.4
1.5
4.8
0.6
4.5

2.5
2.9
-0.7 -0.9
3.1
2.9
5.7 11.1*
2.1
6.8
4.8
6.5
6.6
6.9
1.3
1.2
5.8
6.1
4.4
4.6
-0.7 -1.2
5.3
5.0
1.5
5.1
0.6
2.8
2.8
3.5
3.9
6.5
-0.5
0.8
4.8
5.0
3.3
3.6
0.6 -1.9
4.3
3.8
4.1
4.0
-1.7
0.6
3.8
4.0
4.8
7.6
0.6
3.5
4.6
5.5
2.9
2.6
-1.3 -2.8
3.9
3.2
8.2
5.9
7.5
3.2
3.4
4.2
4.3
6.1
0.0
1.4
4.5
4.9

2.9
0.3
3.0
9.6
5.6
6.7
6.8
0.5
6.2
4.5
-1.1
4.7
3.3
-1.6
3.1
4.2
-0.7
4.9
0.0
-3.2
3.0
4.9
1.4
4.3
6.1
2.7
6.2
4.1
0.7
3.4
6.2
6.2
5.8
5.4
1.2
5.1

4.1
0.4
3.1
6.9
1.9
7.4
4.2
-0.4
6.1
4.3
-1.0
4.5
2.1
-0.3
3.0
4.8
0.0
4.9
1.2
-4.0
2.0
6.1
1.9
4.8
3.1
-3.0
5.4
4.9
1.0
3.6
3.3
0.6
5.9
4.6
-0.2
5.1

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

VI-8

2014
3rd

4th

2015

1st

2nd

3rd

4.6
5.6
6.4
2.1
2.7
3.5
3.6
4.3
5.2
6.1 10.9* 11.8*
0.4 -0.2
7.8
7.5
7.5
8.3
4.1
6.2
5.5
-2.4 -0.7 -1.3
5.5
5.3
5.0
4.0
5.3
5.2
-0.4
0.7
0.7
4.4
4.5
4.7
3.2
3.2
5.7
1.6 -1.9
2.4
3.4
2.9
3.5
3.1
6.3
2.9
-0.8 -0.2 -1.3
4.7
4.6
4.3
3.8
3.9 19.9*
0.6
0.4 16.7
2.1
2.2
7.2
10.0
6.5
8.8
5.9
2.4
4.0
6.3
6.9
7.9
3.6
4.5
3.5
-1.2 -3.2 -2.6
5.1
4.3
3.7
3.4
4.0
9.9
0.5
1.3
5.8
3.8
4.1
5.5
3.1
4.6
3.1
-5.1 -1.3 -3.0
4.6
4.3
3.6
4.6
6.1
6.8
0.3
0.0
1.5
5.2
5.2
5.5

6.5
2.4
5.8
7.7
0.8
6.9
4.3
0.1
5.0
3.6
-0.7
4.5
4.1
2.0
4.0
4.8
0.0
4.3
12.0
10.8
6.6
18.4
12.3
10.9
3.4
0.3
3.7
1.9
-3.0
4.8
2.7
-0.6
3.4
5.6
1.1
5.8

2.3
-2.3
5.2
4.3
-1.8
6.0
3.8
-0.3
5.0
3.2
-0.8
4.3
2.2
-0.9
3.8
3.5
0.4
4.4
2.6
-1.2
6.2
7.1
-2.9
10.2
3.6
0.0
3.7
1.8
-1.6
4.4
3.2
0.1
3.4
3.5
-1.1
5.5

4th

1st

2nd

2016
3rd

4th

1st

2nd

6.9
5.4
3.5
4.0
5.3
5.1
4.5
1.3 -0.9 -3.0
1.6 -1.6 -0.3
1.0
5.5
5.3
4.6
5.0
4.6
4.5
4.7
4.5 11.1
9.1
9.7 11.2
7.5
7.6
-6.4 -0.7
1.4
5.5
6.6 -3.6 -1.4
5.5
6.9
7.2
8.6 10.3
9.4
9.0
6.8
4.1
3.7
1.6
6.9
3.2
3.9
0.6 -1.4 -0.6 -2.2
0.1 -0.9
0.2
5.1
4.8
4.6
4.0
4.1
3.8
3.9
4.2
7.0
3.5
3.7
6.8
7.1
4.9
-1.1
1.7 -0.1
0.5
2.6
0.2
1.4
4.1
4.5
4.5
4.6
5.3
5.3
5.6
2.4
4.5
3.0
3.6
5.3
5.9
7.4
-0.8 -1.2 -1.1
1.4
2.9
1.5
4.4
3.6
3.3
3.0
3.4
4.1
4.5
5.6
3.3
3.0
2.3
2.7
4.1
4.2
3.8
-3.0
0.1 -2.4 -0.8
0.8
1.1
1.5
3.6
3.6
3.0
2.9
3.0
3.3
3.7
3.1 11.4* 28.5* 43.3* 17.4* 14.4*
7.7
-0.8 -8.5 16.5 40.7 14.2
2.9 -20.8
5.9
7.3 11.4 21.6 25.1 25.9 20.7
5.7
6.1
4.7
2.0
5.8
2.5
5.0
-0.7 -2.7 -13.7 -5.1
0.1 -3.7
0.3
10.0
9.3
5.9
4.6
4.6
3.7
3.8
3.8
4.4
3.9
3.5
7.3
5.7
5.1
-0.6
0.9
0.5 -0.1
3.5
1.3
1.2
3.6
3.8
3.9
3.9
4.8
5.1
5.4
2.8
3.6
2.6
3.5
4.2
4.8
4.1
-1.1 -6.3
0.8
1.7
1.4
1.2
1.5
4.1
2.5
2.7
3.1
3.5
3.8
4.2
1.8
3.5
3.2
3.8
3.5
5.0
3.8
-2.8
0.4
0.4
0.6
1.6
1.5
0.6
2.7
2.8
2.9
3.1
3.5
3.9
4.0
4.6
6.3
5.4
5.3
7.6
6.2
5.4
-1.5 -0.5 -0.2
1.8
3.0 -0.1 -0.1
5.1
5.0
5.0
5.4
6.2
6.1
6.1

3rd

4th

County

Vacancy Rates by Size of Building


by Market Area for Denver County

Vacancy Rates by Size of Apartment Unit


by Market Area for Denver County

(In Percent)

(In Percent)

Number of
Units

Denver-Central/Capitol Up to 8
Hill
9 to 50
51 to 99
100 to199
200 to 349
350 up
Up to 8
Denver-Downtown
9 to 50
51 to 99
100 to 199
200 to 349
350 up
Up to 8
Denver-East
9 to 50
Central/Lowry
51 to 99
100 to 199
200 to 349
350 up
Up to 8
Denver-Far SE
9 to 50
51 to 99
100 to 199
200 to 349
350 up
Up to 8
Denver-North
9 to 50
Central/City Park
51 to 99
100 to 199
200 to 349
350 up
Up to 8
Denver-Northeast
9 to 50
51 to 99
100 to 199
200 to 349
350 up
Up to 8
Denver-Northwest
9 to 50
51 to 99
100 to 199
200 to 349
350 up
Up to 8
Denver-South
9 to 50
Central/Wash Park
51 to 99
100 to 199
200 to 349
350 up
Up to 8
Denver-Southeast
9 to 50
51 to 99
100 to 199
200 to 349
350 up
Up to 8
Denver-Southwest
9 to 50
51 to 99
100 to 199
200 to 349
350 up
Denver-West Central Up to 8
9 to 50
51 to 99
100 to 199
200 to 349
350 up
Up to 8
Denver County
9 to 50
51 to 99
100 to 199
200 to 349
350 up

2015

2016

2015

3rd

4th

1st

2nd

County

6.3

2.5

2.8

0.0

2.9
4.0
2.5
5.4
6.3

5.1
4.9
3.7

3.1
3.9
5.2
11.4
10.7

4.3
3.7
3.7
6.3
6.6

0.0
0.0
25.6
10.1
4.4
0.0
0.0
3.9

2.4
7.1
21.9
11.3
9.0
0.0
15.2
5.0
4.7
6.7

0.6
10.7
8.3
7.2
7.8
0.0
6.0
2.8
6.7
3.4
2.4

2.2
12.7
6.5
9.0
5.6

0.6

8.9

0.0
3.6
3.3
4.0
0.0
4.7

10.3
9.0
5.3
4.9
2.1

5.2
5.5
8.4
0.0
3.6

3.4
3.4
6.1
0.0
5.5

2016

3rd

4th

1st

2nd

Denver-Central/Capitol 499 below


Hill
500 to 749
750 to 999
1000 above

3.6
3.6
4.5
4.8

4.1
4.8
6.1
8.1

4.8
4.3
6.1
7.4

4.0
4.2
4.9
6.6

Denver-Downtown

499 below
500 to 749
750 to 999
1000 above

0.0
5.8
13.0
9.6

4.8
9.1
12.3
12.4

4.9
4.2
8.5
9.6

3.5
6.8
7.7
8.8

Denver-East
Central/Lowry

499 below
500 to 749
750 to 999
1000 above

0.0
2.3
0.0
2.5

17.3
6.5
6.6
4.1

2.3
3.2
4.5
4.1

2.8
5.2
4.5
4.6

Denver-Far SE

499 below
500 to 749
750 to 999
1000 above

2.9
3.8
3.6
3.5

5.4
4.9
7.3
9.3

2.9
5.1
9.4
7.6

3.7
4.2
5.4
5.7

Denver-North
Central/City Park

499 below
500 to 749
750 to 999
1000 above

0.0
0.0
9.1
16.7

6.8
1.8
6.3
16.7

4.1
1.8
6.0
9.2

4.0
8.9
9.5
5.2

Denver-Northeast

499 below
500 to 749
750 to 999
1000 above

1.8
3.5
2.8

4.4
3.5
4.3

3.3
3.8
5.4

3.0
3.6
4.9

Denver-Northwest

499 below
500 to 749
750 to 999
1000 above

0.0
27.0
41.9
57.5

6.5
5.5
21.3
35.8

2.2
1.8
15.4
38.9

3.4
2.1
7.1
24.3

Denver-South
Central/Wash Park

499 below
500 to 749
750 to 999
1000 above

0.0
1.4
1.7
2.4

7.2
1.9
4.2
11.9

1.4
0.7
2.5
4.0

8.2
2.4
5.0
5.0

Denver-Southeast

499 below
500 to 749
750 to 999
1000 above

2.0
4.0
2.7
4.2

4.7
9.7
4.7
7.9

3.5
6.7
4.9
5.7

11.7
6.4
3.4
5.1

Denver-Southwest

499 below
500 to 749
750 to 999
1000 above

0.0
1.2
4.5
5.1

0.0
4.8
3.4
4.5

0.0
2.2
7.6
4.1

0.0
2.5
4.8
4.6

Denver-West Central

499 below
500 to 749
750 to 999
1000 above

3.8
4.5
0.0

4.2
2.9
4.8
0.0

6.3
3.6
5.1
8.2

8.0
3.0
2.1
7.1

499 below
500 to 749
750 to 999
1000 above

2.8
4.0
6.5
5.8

5.1
6.5
8.0
9.1

3.7
4.7
7.4
7.4

4.4
4.7
5.5
6.4

0.0
6.5
5.8
7.6
0.0
5.7

Square Feet in Unit

9.3
7.9
0.0
0.0

0.0
7.7

32.4

29.8
51.8

3.4
4.0
4.1
0.0
0.0
3.0
10.6
38.0

4.1
6.4
3.6
0.0
2.9
6.0
1.8
30.7

8.3
4.5
3.0
4.0
2.9
0.0
4.6
15.4

0.0
0.0

0.0
3.7

0.0
0.9

0.0
6.3

2.0

8.4
6.0

3.7
2.7

4.7

0.0

2.0
4.1
5.8
1.9
0.0
0.0

0.0

6.4
4.8
9.0
6.0
0.0
0.0

1.9
4.8
1.6
0.0
0.0

4.5
4.8
2.4
0.0
0.0

0.0
0.0
5.4
2.7
6.9
5.5
42.9
0.0
4.9
2.4
6.4
1.6
0.0
0.0

7.3
2.5

7.2
0.4
4.5
0.9
5.2
5.2
8.4
8.6
7.1

11.5
1.3
3.4
3.3
2.9
5.0
5.2
6.8
6.7

5.9
0.0
4.7
4.6
2.5

2.4
2.3
3.5
8.6
6.7
3.5

0.0
11.7
3.6
7.7
3.2
57.1
0.0
3.2
5.0
0.0
0.0
0.0
7.9
1.7
2.5
5.0
4.8
6.0
4.9
6.3
4.7

Denver County

* vacancy rate affected by new units leasing up

VI-9

Vacancy Rates by Apartment Type


by Market Area for Denver County

Vacancy Rates by Age of Building


by Market Area for Denver County
(In Percent)

(In Percent)

Denver County

3.1
2.0
7.7
0.0

8.7
7.1
5.9
19.2
7.8
12.6
6.1
1.0

4.4
7.1
7.6
9.3
2.4
2.6
2.9

3.0
8.0
7.5
9.5
13.2
2.9
5.6

3.4

2.9

6.7

5.3

4.8
5.0
5.3
5.5
35.1
5.0
5.8

5.0
6.7
5.9
5.0
21.9
5.0
0.0

0.0
3.6
4.5
4.7
2.3
16.0
6.0
7.1

2.0

0.0

7.9
3.4
6.7

9.3
0.0
7.7

1.4

3.8

3.2

3.0

5.8
2.9
4.1
0.0
0.0

4.0
4.8
3.4
0.0
4.0

6.4
4.4
4.1
0.0
0.0
5.9
8.3

4.5
3.1
13.6
1.6
1.6
5.9
8.3

21.2
22.2
4.6
0.0
0.4

19.7
0.0
0.8
0.0

9.3
55.6
3.1
12.5

4.6
13.1
0.0
16.3
4.8
4.4
5.6

1.3
6.3
0.0
9.7
4.1
3.3
6.3

2.1
6.3
0.0
7.7
5.2
1.3
3.7

0.0

0.0

15.8

21.1

2.6
3.1
4.8

3.3
2.8

5.0
0.0
4.2

4.7
3.3
4.5
3.5
6.0
0.0
3.6

3.7
1.5
6.5
5.2
6.7

0.0

0.0

11.9

6.6

3.2
3.9
2.9
4.5
3.9
5.7
16.8

4.6
8.2
5.1
5.9
5.3
5.2
19.3

5.6
4.1
4.5
5.7
6.2
6.5
12.0

6.5
4.2
4.0
3.9
4.6
5.3
10.0

0.0
4.6
4.1
8.8
15.3
0.0
1.5
3.1

4.7

0.0
3.6
4.0
3.0
3.9
6.5
0.0

0.0

46.2
0.0
0.0
1.1
1.1
5.2
4.6
2.8
5.6
3.7
6.3

8.1
6.7
0.0
3.6

3.2

* vacancy rate affected by new units leasing up

VI-10

DenverCentral/Capitol Hill

8.3
5.6
7.0
0.0

Denver-Downtown

2.6
6.4
5.0
2.5

Denver-East
Central/Lowry

2.1
3.8
0.0

Apartment Type

Denver-Far SE

2nd
5.4
3.3
3.4
6.6

Denver-North
Central/City Park

1st
5.6
1.9
4.3
10.7

Denver-Northeast

4th
4.4
3.9
6.7
8.9

Denver-South
Denver-Northwest
Central/Wash Park

3rd
3.6
3.5
2.1
6.3

Denver-Southwest Denver-Southeast

Year
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up

County

Denver-West
Central

Denver-West
Central

Denver-Southwest Denver-Southeast

Denver-South
Denver-Northwest
Central/Wash Park

Denver-Northeast

Denver-North
Central/City Park

Denver-Far SE

Denver-East
Central/Lowry

Denver-Downtown

DenverCentral/Capitol Hill

County

2016

Denver County

2015

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

2015
3rd
4.1
3.7
5.3
2.9
6.7
0.0
4.0
3.9
12.6
8.7
8.3
0.0
22.7
9.7
0.0
2.5
0.4
4.5
0.0
0.0
1.6
4.8
3.7
3.6
3.7
1.5
0.0
3.7
0.0
2.9
25.0

2016

0.0

4th
3.9
4.8
8.4
6.1
8.3
0.0
5.3
10.3
10.9
13.2
11.8
4.2
28.2
11.2
15.6
7.0
6.0
2.4
7.9
0.0
6.9
5.5
7.1
3.1
8.2
4.8
8.1
6.8
10.3
3.0
0.0
33.3
25.0

1st
7.3
4.3
5.7
5.6
9.1
4.5
5.1
5.0
7.3
15.5
8.1
8.6
28.2
7.5
5.3
2.2
3.4
5.5
1.3
0.0
3.2
3.8
7.7
5.3
7.8
2.2
1.4
7.1
10.3
4.5
0.0
8.4
11.1

2nd
5.7
3.7
7.1
4.6
2.8
0.0
4.5
6.2
7.8
12.4
7.7
8.1
17.9
7.6
8.8
3.8
5.2
3.1
2.6
0.0
3.9
3.5
5.1
4.2
5.4
4.4
1.4
4.9
0.0
9.7
0.0
5.7
0.0

3.6
1.5
3.0
2.1
2.9
2.8
0.0
2.7
28.6
42.9
0.0
50.3
0.0
0.0
43.3
2.0
2.1
0.0
5.7
0.0
0.0
2.0
1.4
3.7
2.8
4.3
2.4
0.0
3.5

5.3
4.4
4.1
3.5
4.4
3.9
0.0
4.1
7.4
15.3
5.2
29.9
0.0
0.0
17.4
4.5
4.5
2.2
11.8
0.0
0.0
5.8
6.2
8.2
5.2
7.0
30.8
0.0
7.3

5.9
5.9
3.9
2.4
5.7
4.5
0.0
4.2
3.7
10.4
4.5
29.7
0.0
0.0
14.4
1.1
2.4
0.0
2.8
8.3
0.0
2.5
3.8
6.7
2.6
6.4
9.3
0.0
5.7

7.4
4.4
3.3
3.4
5.3
3.4
0.0
3.8
4.3
4.5
2.6
19.0
0.0
0.0
7.7
0.0
5.4
9.9
4.8
2.3
0.0
5.0
13.1
4.8
3.7
5.5
5.9
0.0
5.1

2.3
4.2
5.7
1.7
0.0
3.5
5.0
3.3
4.9

4.4
3.1
4.4
3.4
3.3
4.2
6.7
4.1
2.4
0.0
0.0
0.0
3.5
7.7
7.5
5.1
8.9
6.2
10.4
7.6

5.3
4.2
4.9
0.0
0.0
4.8
8.3
2.8
5.2
0.0
8.3
11.7
5.0
5.2
6.2
4.4
7.4
5.5
8.3
6.2

4.1
2.7
4.6
6.8
0.0
4.1
10.5
2.9
2.6
0.0
3.3
10.0
3.8
5.6
5.1
4.8
6.1
4.5
6.8
5.4

0.0
0.0
3.8
4.0
5.9
3.5
6.0
1.8
2.8
5.3

Average Rents by Apartment Type


by Market Area for Denver County

Average Rents by Age of Building


by Market Area for Denver County

(In Dollars)

(In Dollars)

2015
County

2016

3rd

4th

1st

2015
2nd

Denver-Central/Capitol Hill
Efficiency

2016

3rd

4th

1st

2nd

To 1959

1036.85

1053.34

1123.65

1205.23

County

Year Built

Denver-Central/Capitol Hill
888.85

928.15

979.05

1085.18

1960-69

1161.60

1130.58

1177.65

1131.15

1 Bed

1204.63

1190.80

1206.23

1187.04

1970-79

1214.82

1265.40

1274.53

1289.60

2 Bed, 1 Bath

1653.59

1644.29

1631.54

1628.44

1980-89

1729.17

1895.96

1865.50

1869.04

2 Bed, 2 Bath

1974.78

1915.22

1921.15

1888.77

1990-99

3 Bed

2653.23

2709.97

2690.82

2802.14

2000-09

1649.19

1475.42

1627.69

1692.93

All
Denver-Downtown

1317.15

1303.67

1314.32

1316.32

2010 up

2402.56

1927.82

1855.51

1534.73

To 1959

904.07

968.11

1000.15

1079.48

Efficiency

1296.07

1306.74

1210.02

1376.14

1960-69

993.88

984.63

1006.88

1 Bed

1593.10

1614.23

1584.31

1657.73

1970-79

1147.74

2 Bed, 1 Bath

1722.58

1576.59

1547.58

1741.62

1980-89

1664.57

1569.68

1602.54

1686.37

2 Bed, 2 Bath

2089.04

2190.23

2104.04

2304.04

1990-99

1822.87

1748.82

1954.11

1879.09

3 Bed

3027.79

2995.24

2904.52

3092.32

2000-09

1748.88

1685.93

1676.40

1783.32

All
Denver-East Central/Lowry

1709.93

1730.65

1677.32

1802.07

2010 up

1751.50

1977.93

1848.29

1969.31

To 1959

1023.86

1121.25

1120.24

1030.95

Denver-Downtown

Denver-East Central/Lowry

Efficiency

500.00

914.47

957.25

967.39

1960-69

1002.85

1451.62

1531.67

1 Bed

840.49

927.24

1225.99

1305.21

1970-79

1017.72

1037.94

1035.33

1051.94

1090.20

1181.43

1281.04

1345.02

1980-89

801.04

801.56
1597.00

1709.29

1685.81

1857.96

2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Denver-Far SE
Efficiency

835.00

1305.12

1686.58

1811.06

1990-99

1503.64

1738.60

2097.17

2090.66

2000-09

981.94

1086.40

1404.20

1482.08

2010 up
Denver-Far SE

1417.19

To 1959

920.68

897.98

997.38

1019.65

1960-69

1067.36

1 Bed

1063.22

1056.75

1079.58

1109.73

1970-79

993.90

977.91

977.25

1018.36

2 Bed, 1 Bath

1145.08

1104.89

1109.99

1197.60

1980-89

1182.12

1168.67

1198.39

1277.67

2 Bed, 2 Bath

1390.11

1382.03

1473.02

1524.90

1990-99

1506.89

1484.25

1552.47

1545.49

3 Bed

1567.32

1546.29

1968.12

1980.73

2000-09

1421.62

1385.86

1401.68

1484.72

All
Denver-North Central/City Park

1178.88

1155.51

1196.93

1232.82

2010 up

1519.08

1628.18

1538.57

Efficiency
1 Bed
2 Bed, 1 Bath

Denver-North Central/City Park

3 Bed
All
Denver-Northeast
Efficiency

To 1959

842.48

1138.34

1129.59

1038.43

1043.33

1054.46

1052.69

1100.43

721.25

885.90

885.21

932.86

1960-69

949.71

1113.70

1417.30

1432.38

1970-79

1015.00

1366.88

1379.38

1407.50

1980-89

2 Bed, 2 Bath

935.83

1345.00

2268.71

2383.57

1990-99

1300.50

1425.00

2556.44

2645.45

2000-09

1827.17

1949.85

930.13

1109.64

1620.12

1675.14

2010 up

2615.52

2587.93

Denver-Northeast

To 1959

771.22

973.67

978.80

990.00

935.49

959.40

966.38

972.76

833.00

938.00

950.00

950.00

1960-69

1 Bed

1015.30

1019.73

1046.43

1078.14

1970-79

2 Bed, 1 Bath

1053.60

1070.89

1002.30

1087.78

1980-89

2 Bed, 2 Bath

1456.32

1360.56

1365.11

1448.27

1990-99

1403.98

1406.75

1361.51

1448.70

3 Bed

1791.22

1604.37

1605.78

1689.82

2000-09

1415.80

1245.36

1288.21

1389.91

All
Denver-Northwest

1177.04

1150.62

1151.19

1209.75

2010 up

1615.88

1675.76

1531.32

1714.02

To 1959

897.09

1093.12

1110.42

1138.56

Efficiency

1342.38

1431.32

1219.17

1501.74

1960-69

811.25

1130.99

1134.25

1171.19

1 Bed

1703.64

1614.79

1455.46

1704.83

1970-79

1320.00

1325.00

2 Bed, 1 Bath

914.33

1552.53

1352.35

1468.19

1980-89

1483.13

1476.88

1387.50

2 Bed, 2 Bath

2409.87

2286.51

2210.57

2282.38

1990-99

3 Bed

Denver-Northwest

970.00

970.00

1735.00

1735.00

All
Denver-South Central/Wash Park

1903.45

1750.20

1624.67

1801.29

Efficiency

1437.05

1035.48

1046.78

1037.03

1 Bed

1341.02

1182.57

1262.86

1205.69

1970-79

2 Bed, 1 Bath

1108.43

1147.04

1158.88

1160.71

1980-89

2 Bed, 2 Bath

1789.22

1795.50

2049.42

2028.70

1990-99

787.00

2567.00

3084.08

3269.55

1240.65

1308.23

1493.20

1441.04

3 Bed
All
Denver-Southeast
Efficiency

2000-09
Denver-South Central/Wash
Park

Denver-Southeast

2010 up
To 1959

1972.68

1902.17

1804.23

1987.25

820.00

1191.94

1177.75

1116.61

1960-69

895.71

1181.53

1115.67

1012.63

1100.00

1150.00

1065.31

1010.64

996.33

2000-09

1052.60

1411.06

1536.71

1584.71

2010 up
To 1959

2026.29

1688.24

2092.80

1951.38

931.25

971.25

1087.50

759.97

832.68

824.63

850.13

1960-69

1077.16

1108.65

1115.38

1112.90

1 Bed

1068.37

1090.30

1078.52

1121.46

1970-79

987.09

1074.41

1032.93

1043.41

2 Bed, 1 Bath

1091.15

1170.99

1156.53

1141.61

1980-89

1178.72

1291.39

1295.10

1456.99

2 Bed, 2 Bath

1430.57

1433.92

1460.84

1505.56

1990-99

1446.36

1432.71

1514.43

1548.26

3 Bed

1140.85

1331.62

1166.76

1180.22

2000-09

1352.20

All
Denver-Southwest

1152.89

1192.35

1188.04

1244.50

2010 up
To 1959

810.00

803.68

806.32

886.58

Denver-Southwest

Efficiency

1960-69

1 Bed

1065.93

1069.58

1183.95

1153.76

1970-79

1010.54

1030.82

1065.62

1073.51

2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed

1214.49
1360.72
1753.86

1208.77
1482.77
1814.86

1376.20
1470.06
2004.34

1265.96
1470.22
1767.69

1980-89
1990-99
2000-09

1131.65
1310.71

1076.65
1239.89
1543.85

1291.47
1466.60

1229.51
1276.96
1461.57

All
Denver-West Central

1189.73

1232.98

1311.76

1287.60

2010 up
To 1959

1515.21

1617.36

1522.95

1476.26

1002.50

1002.50

1036.88

Efficiency

1034.28

888.50

1049.42

1037.79

1072.64

814.00

814.00

1595.42

1607.79

Denver-West Central
995.70

992.00

1960-69

1 Bed

888.13

985.18

969.16

1016.88

1970-79

2 Bed, 1 Bath

823.84

1096.15

1158.34

1175.76

1980-89

2 Bed, 2 Bath
3 Bed
All
Denver County

970.58

4150.00

4070.00

4195.00

1990-99

912.50

1541.67

1532.13

1578.29

2000-09
2010 up

886.26

1041.41

1133.58

1165.42

To 1959

1011.10

1043.54

1096.05

1163.85

Efficiency

1081.30

1108.32

1064.70

1188.79

1960-69

1054.27

1102.08

1177.90

1179.06

1 Bed

1185.83

1198.80

1216.23

1255.28

1970-79

993.91

1020.31

1013.91

1030.87

2 Bed, 1 Bath

1188.39

1229.21

1242.00

1285.27

1980-89

1293.48

1298.97

1359.87

1406.71

2 Bed, 2 Bath

1621.56

1647.18

1658.62

1738.39

1990-99

1485.76

1448.57

1546.42

1562.59

3 Bed

1626.74

1859.66

1910.65

1936.51

2000-09

1547.30

1519.18

1540.95

1618.18

All

1294.30

1314.45

1331.26

1391.37

2010 up

1802.17

1859.47

1790.52

1856.94

Denver County

Rents are based on the units being unfurnished with tenants paying electricity and gas.

Rents are based on 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 rents do not reflect "rental losses" from discounts/concessions, models, delinquents, and bad debts.

Average rent minus rental losses equals effective rent.

Average rent minus rental losses equals effective rent.

VI-11

Average Rents by Size of Building by Market Area


for Denver County

Median Rents by Apartment Type by Market Area


for Denver County

(In Dollars)

(In Dollars)

Number of Units
Denver-Central/Capitol Hill
Up to 8
9 to 50
51 to 99
100 to 199
200 to 349
350 and up
Denver-Downtown
Up to 8
9 to 50
51 to 99
100 to 199
200 to 349
350 and up
Denver-East Central/Lowry
Up to 8
9 to 50
51 to 99
100 to 199
200 to 349
350 and up
Denver-Far SE
Up to 8
9 to 50
51 to 99
100 to199
200 to 349
350 and up
Denver-N Central/City Park
Up to 8
9 to 50
51 to 99
100 to199
200 to 349
350 and up
Denver-Northeast
Up to 8
9 to 50
51 to 99
100 to199
200 to 349
350 and up
Denver-Northwest
Up to 8
9 to 50
51 to 99
100 to199
200 to 349
350 and up
Denver-S Central/Wash Park
Up to 8
9 to 50
51 to 99
100 to199
200 to 349
350 and up
Denver-Southeast
Up to 8
9 to 50
51 to 99
100 to199
200 to 349
350 and up
Denver-Southwest
Up to 8
9 to 50
51 to 99
100 to199
200 to 349
350 and up
Denver-West Central
Up to 8
9 to 50
51 to 99
100 to199
200 to 349
350 and up
Denver County
Up to 8
9 to 50
51 to 99
100 to 199
200 to 349
350 and up

2015
3rd

4th

765.94
931.31
1121.76
1504.30
1319.79
1729.17

855.00
1100.91
1233.10
1458.17

2016
1st

2nd

1895.96

1145.00
1103.16
1290.01
1456.84
1406.01
1865.50

1250.94
1113.22
1255.72
1526.78
1413.53
1869.04

700.00
1021.22
1672.01
1756.18
1679.80

1045.13
1157.06
1372.00
1916.49
1618.57

1133.17
1157.21
1428.95
1834.98
1634.29

1276.61
1149.10
1440.29
1933.08
1763.15

881.25
1033.06
794.10

881.25
1071.85
892.00
1417.19
1092.86

881.25
1070.61
1018.84
1685.81
1086.21
1544.84

1036.76
1032.04
1857.96
1105.31
1645.21

1076.01

1067.36

935.83

1131.82
1285.32
1106.08

1035.61
1234.27
1114.77

1060.46
1281.19
1154.33

1158.69
1308.84
1196.59

713.33
990.63

718.33
1143.19

719.33
1390.04

769.17
1382.59
1949.85

1827.17

771.22

867.50
990.00

906.00
990.00

1438.86

1615.88
1403.98
1105.62

1675.76
1406.75
1060.69

1531.32
1361.51
1080.37

1719.32
1448.70
1120.52

835.71
964.00
1805.77
2030.00

906.58
1279.51
1776.49
1702.76
1977.22

1023.70
1299.88
1654.93
1405.00
1907.63

1018.60
1281.15
1657.88
1798.40
2060.20

820.00
895.71

966.67
1042.09

1000.00
1577.52

849.00
1505.05

1247.54

1422.96
1359.70

1428.09
1481.34

1423.57

878.13
1110.34
1190.35
1084.42
1318.06

1095.00
823.13
1124.97
1220.42
1115.49
1250.50

1090.31

887.06
928.27
1139.30
1073.41
1215.31

770.57

792.86
770.57

983.57
777.43

908.31
1299.89
1231.29

971.96
1385.71
1147.93

800.00
780.43
868.52
987.35
1450.70
1336.93

1006.28
1364.72
1324.99

1002.50
814.00

935.00
814.00

957.92
814.00

800.00
817.00

1225.68
711.33

1199.18
737.29
1207.01

1448.25
741.79
1198.20

1491.55
741.79
1243.20

808.11
920.49
1036.33
1322.80
1377.06

861.09
1093.24
1186.20
1312.62
1426.00

1011.93
1153.83
1234.75
1311.81
1421.36

1054.46
1168.97
1221.01
1421.11
1484.39

1069.96
1267.80
1169.28
1306.85

County
Denver-Central/Capitol Hill
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Denver-Downtown
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Denver-East Central/Lowry
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Denver-Far SE
Efficiency

2015
3rd

4th
903.67
1108.03
1534.00
1659.80
2101.00
1196.05

950.00
1179.12
1573.74
1767.15
2000.00
1236.89

1106.76
1144.62
1591.69
1742.26
1975.00
1237.53

1337.41
1579.70
1812.69
2001.90
2013.50
1662.26

1239.33
1544.94
1685.66
2036.37
2769.06
1677.46

1194.38
1604.03
1609.42
1998.00
2841.28
1647.22

1344.21
1635.40
1928.81
2136.11
3011.91
1753.24

400.00
902.55
1113.31
838.00
1512.63
918.27

942.80
908.59
1144.65
1458.60
1548.88
1089.97

962.35
1262.54
1122.71
1733.35
2244.01
1363.50

966.56
1387.66
1146.03
1880.20
2217.36
1400.15

904.33

882.46

952.00

931.10

1 Bed

1023.37

990.12

996.79

1086.63

2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Denver-N Central/City Park
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Denver-Northeast
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Denver-Northwest
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Denver-S Central/Wash Park
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Denver-Southeast
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Denver-Southwest
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Denver-West Central
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Denver County
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All

1060.49
1319.86
1370.73
1131.22

1074.38
1364.85
1421.00
1127.47

1089.75
1453.69
1671.00
1126.73

1180.77
1553.50
1720.29
1190.07

829.43
948.67
1000.00
1334.00
941.28

928.00
1108.38
1450.00
1319.00
1484.00
1104.85

911.00
1605.86
1425.00
2241.78
2515.84
1609.97

915.00
1705.47
1450.00
2416.58
3006.36
1710.21

838.00
917.99
990.12
1417.35
1918.63
1184.35

938.00
1020.65
1015.06
1311.76
1687.68
1126.55

938.00
1020.88
915.20
1382.74
1667.20
1145.18

938.00
1046.78
1015.00
1433.62
1783.05
1230.30

1387.40
1690.42
816.00
2013.50
963.00
1855.10

1525.00
1758.21
1528.67
2360.35
963.00
1761.43

1336.80
1582.09
1429.79
2478.28
975.00
1585.00

1567.00
1857.47
1444.00
2408.72
975.00
1859.93

1273.59
1358.18
1112.71
1690.44
788.00
1112.43

928.40
1278.04
1114.61
1748.69
2426.00
1283.84

928.40
1289.24
1139.76
2088.50
3012.36
1380.11

850.00
1173.20
1139.32
2077.81
3012.25
1389.39

782.55
1008.65
1103.67
1577.74
1089.45
1104.66

860.47
1058.36
1144.30
1488.32
1358.58
1184.63

901.65
996.30
1211.70
1465.06
1090.74
1168.56

871.29
1087.03
1073.20
1703.75
1114.61
1199.18

1126.35
1238.48
1408.45
1737.00
1144.91

1022.91
1180.00
1494.11
1762.00
1164.04

1267.44
1484.15
1527.88
2336.94
1345.10

1228.57
1291.16
1576.49
1670.00
1274.14

1135.00
671.11
763.84
913.00
768.32

1035.00
1060.99
1352.09
3013.50
1660.60
1058.30

1085.00
1060.99
1358.14
3013.50
1550.00
1071.63

1060.75
1110.70
1383.14
3013.50
1636.91
1115.77

1138.84
1134.86
1112.30
1588.16
1501.38
1251.29

1026.24
1098.37
1179.18
1539.27
1687.46
1240.76

1006.05
1162.46
1221.29
1624.52
1669.90
1275.69

1234.47
1228.90
1214.23
1684.31
1779.70
1331.46

Rents are based on units being unfurnished with tenants paying gas and electricity.

Average rents do not reflect "rental losses" from discounts and concessions.

Average rents do not reflect "rental losses" from discounts and concessions.
Average rent minus rental losses equals effective rent.

VI-12

2nd

791.69
1181.43
1754.83
1987.53
2006.26
1251.48

Rents reflect units being unfurnished with tenants paying gas and electricity.

Average rent minus rental losses equals effective rent.

2016
1st

Average Rent per Square Foot by Apartment Type


by Market Area for Denver County
(In Dollars)
County
Apartment Type
Denver-Central/Capitol Hill
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Denver-Downtown
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Denver-East Central/Lowry
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Denver-Far SE
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Denver-N Central/City Park
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Denver-Northeast
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Denver-Northwest
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Denver-S Central/Wash Park
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Denver-Southeast
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Denver-Southwest
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Denver-West Central
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Denver County
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All

2015
3rd

4th

2016
1st

Average Rent Per Square Foot by Apartment Unit Size


by Market Area for Denver County
(In Dollars)
2nd

County
Apartment Square Feet
Denver-Central/Capitol Hill
499 below
500 to 749
750 to 999
1000 above

2.04
1.82
1.75
1.70
1.75
1.84

2.14
1.89
1.82
1.70
1.85
1.89

2.26
1.92
1.83
1.70
1.82
1.94

2.43
1.92
1.82
1.63
1.85
1.94

2.08
2.06
1.96
1.88
1.85
2.00

2.14
2.10
1.82
1.95
1.85
2.06

2.02
2.07
1.78
1.90
1.76
2.01

2.24
2.16
1.99
2.07
1.89
2.14

1.09
1.37
1.39
0.74
1.12
1.34

2.17
1.49
1.45
1.28
1.38
1.50

2.31
1.80
1.43
1.48
1.41
1.64

2.34
1.86
1.48
1.62
1.49
1.71

1.92
1.50
1.35
1.32
1.35
1.44

1.89
1.48
1.32
1.30
1.31
1.43

1.95
1.51
1.31
1.35
1.43
1.48

2.00
1.56
1.40
1.41
1.44
1.53

2.29
1.67
1.06
0.87
1.70

2.34
1.77
1.22
1.58
0.95
1.83

2.32
1.80
1.26
1.96
1.73
1.86

2.28
1.82
1.26
1.92
1.55
1.85

1.64
1.48
1.28
1.35
1.37
1.40

1.84
1.49
1.30
1.26
1.23
1.38

1.87
1.53
1.21
1.27
1.23
1.39

1.87
1.57
1.32
1.34
1.30
1.45

2.54
2.10
0.95
2.20
0.81
2.11

2.83
2.09
1.87
2.14
0.81
2.17

2.47
1.96
1.69
2.07
0.81
2.00

3.02
2.22
1.82
2.14
0.81
2.25

1.96
1.71
1.48
1.55
0.76
1.42

1.91
1.63
1.48
1.55
1.79
1.63

1.93
1.73
1.49
1.71
1.92
1.72

1.94
1.68
1.50
1.68
1.85
1.69

1.82
1.49
1.22
1.29
1.06
1.37

1.82
1.53
1.30
1.32
1.05
1.43

1.91
1.52
1.29
1.36
1.06
1.42

1.97
1.55
1.31
1.40
1.09
1.46

1.49
1.27
1.26
1.25
1.38

1.50
1.27
1.36
1.29
1.42

1.64
1.43
1.34
1.41
1.51

1.59
1.32
1.34
1.26
1.46

2.94
1.86
1.29

2.76
1.77
1.47
4.37
1.47
1.71

2.80
1.67
1.44
4.29
1.56
1.63

2.80
1.75
1.45
4.42
1.60
1.67

2015
3rd

4th

2016
1st

2nd

2.07
1.75
1.92
1.72

2.15
1.85
1.82
1.79

2.23
1.89
1.84
1.77

2.35
1.91
1.78
1.70

2.26
2.31
1.95
1.77

2.02
2.27
2.05
1.85

2.03
2.27
1.97
1.79

2.09
2.36
2.12
1.96

1.84
1.42
1.37
0.93

2.29
1.48
1.45
1.26

2.33
1.77
1.54
1.42

2.36
1.83
1.59
1.54

1.96
1.53
1.41
1.33

2.00
1.51
1.38
1.30

2.09
1.55
1.43
1.38

2.19
1.60
1.48
1.42

2.30
1.04
1.07
0.98

2.33
1.70
1.23
1.06

2.30
1.67
1.79
1.90

2.28
1.37
1.97
1.87

1.45
1.41
1.35

1.45
1.43
1.25

1.55
1.35
1.26

1.53
1.48
1.33

1.13
2.24
2.13
2.01

2.94
2.17
2.13
1.98

2.28
2.09
1.93
1.98

3.14
2.30
2.17
1.97

1.74
1.68
0.94

2.12
1.80
1.55
1.56

2.09
1.83
1.65
1.73

2.07
1.76
1.61
1.70

1.81
1.45
1.33
1.30

1.84
1.51
1.42
1.30

1.92
1.48
1.40
1.34

2.03
1.53
1.42
1.39

2.03
1.44
1.39
1.28

2.03
1.40
1.48
1.36

2.03
1.54
1.61
1.34

2.08
1.56
1.50
1.33

2.13
1.32
0.68

2.10
1.55
1.64
1.10

2.56
1.54
1.46
1.28

2.70
1.58
1.47
1.31

2.06
1.66
1.57
1.42

2.12
1.70
1.62
1.47

2.18
1.72
1.61
1.48

2.31
1.79
1.68
1.55

Denver-Downtown
499 below
500 to 749
750 to 999
1000 above
Denver-East Central/Lowry
499 below
500 to 749
750 to 999
1000 above
Denver-Far SE
499 below
500 to 749
750 to 999
1000 above
Denver-N Central/City Park
499 below
500 to 749
750 to 999
1000 above
Denver-Northeast
499 below
500 to 749
750 to 999
1000 above
Denver-Northwest
499 below
500 to 749
750 to 999
1000 above
Denver-S Central/Wash Park
499 below
500 to 749
750 to 999
1000 above
Denver-Southeast
499 below
500 to 749
750 to 999
1000 above
Denver-Southwest
499 below
500 to 749
750 to 999
1000 above
Denver-West Central

1.30
1.77

499 below
500 to 749
750 to 999
1000 above
Denver County

2.04
1.65
1.36
1.48
1.28
1.58

2.11
1.69
1.42
1.50
1.40
1.64

2.08
1.71
1.41
1.51
1.38
1.65

2.22
1.76
1.47
1.58
1.40
1.71

499 below
500 to 749
750 to 999
1000 above

Rents are based on units being unfurnished with tenants paying gas and electricity.

Rents are based on units being unfurnished with tenants paying gas and electricity.

Average rents do not reflect "rental losses" from discounts and concessions.

Average rents do not reflect "rental losses" due to concessions and discounts.

VI-13

Rental Losses by Size, Age


and Market Area for Denver County

Economic Vacancy Rates by Size, Age


and Market Area for Denver County

Includes Concessions and Writeoffs

Defined as Physcial Vacancy Plus Concessions and Writeoffs

Average Rent Minus Rental Losses Equals Effective Rent

as a Percentage of Gross Potential Rent

(In Percent)

(In Percent)

2015

2016

Building

2015

4th

1st

2nd

Type

Up to 8

1.5

5.6

1.3

0.2

Up to 6

4.0

7.0

2.9

1.9

9 - 50

1.6

6.3

2.5

2.1

9 - 50

3.9

7.6

6.0

8.7

51 - 99
200 to 349

4th

1st

2nd

Size (in units)

Size

100 - 199

3rd

2016

3rd

Building Type

2.2

10.1

0.2

-0.7

12.0

11.7

6.7

8.6

5.6

11.5

5.8

6.7

100 - 199

51 - 99

20.6

13.1

12.5

13.7

14.7

15.2

13.3

13.2

3.2

14.0

14.3

13.3

8.0

13.8

5.9

6.6

200 to 349

-0.3

12.6

8.3

8.3

350 up

To 1959

2.6

1.7

1.7

1.8

To 1959

5.8

6.7

6.4

9.1

1960-69

6.9

14.2

10.0

10.4

1960-69

10.8

19.3

16.0

16.2

350 up

Age (year built)

Age

1970-79

12.5

8.8

8.5

5.9

1970-79

15.3

13.8

13.4

10.6

1980-89

-11.4

6.6

6.7

8.3

1980-89

-6.8

11.6

12.9

12.8
11.0

1990-99

5.3

3.6

4.1

6.4

1990-99

9.2

8.7

10.4

2000-09

4.0

2.2

2.6

10.8

2000-09

9.7

7.3

9.0

14.2

2010 up

17.2

21.1

9.3

4.0

2010 up

34.1

26.1

19.2

15.3

Market Area
Denver-Central/Capitol Hill

-1.8

2.1

0.5

0.3

Market Area
Denver-Central/Capitol Hill

Denver-Downtown

11.2

2.1

4.3

7.4

Denver-Downtown

7.7

0.9

10.7

13.6

-5.9

4.8

5.9

8.1

Denver-East Central/Lowry
Denver-Far SE

Denver-East Central/Lowry
Denver-Far SE

Denver-N Central/City Park

-2.7

1.6

11.4

5.4

Denver-N Central/City Park

Denver-Northeast

16.7

7.4

-0.8

8.8

Denver-Northeast

Denver-Northwest

-43.3

6.9

6.6

-2.9

-0.4

0.3

10.9

4.9

Denver-S Central/Wash Park

2.1

7.9

6.0

5.2

20.9

14.7

13.6

15.9

9.3

8.9

13.7

17.3

-2.3

13.3

11.9

13.6

1.0

8.7

18.5

8.6

19.4

11.9

3.8

13.1

Denver-Northwest

0.0

28.8

27.2

7.2

Denver-S Central/Wash Park

1.5

9.0

15.0

9.5

Denver-Southeast

8.5

9.5

12.9

5.9

Denver-Southeast

12.0

17.2

19.0

11.6

Denver-Southwest

7.5

9.1

9.3

6.8

Denver-Southwest

11.0

13.3

13.4

11.2

Denver-West Central

7.6

16.0

8.6

13.5

Denver-West Central

11.4

22.1

19.1

20.7

Average

4.5

5.7

6.7

7.2

9.8

14.1

13.1

13.0

Average

VI-14

Average Rents for Denver County


(in dollars)
Efficency
Market Area Totals
Denver-Central/Capitol Hill
Denver-Downtown
Denver-East Central/Lowry
Denver-Far SE
Denver-N Central/City Park
Denver-Northeast
Denver-Northwest
Denver-S Central/Wash Park
Denver-Southeast
Denver-Southwest
Denver-West Central
Denver County Average
Buildings with up to 6 Units
Denver-Central/Capitol Hill
Denver-Downtown
Denver-East Central/Lowry
Denver-Far SE
Denver-N Central/City Park
Denver-Northeast
Denver-Northwest
Denver-S Central/Wash Park
Denver-Southeast
Denver-Southwest
Denver-West Central
Denver County Average
Buildings with 7 to 36 Units
Denver-Central/Capitol Hill
Denver-Downtown
Denver-East Central/Lowry
Denver-Far SE
Denver-N Central/City Park
Denver-Northeast
Denver-Northwest
Denver-S Central/Wash Park
Denver-Southeast
Denver-Southwest
Denver-West Central
Denver County Average
Buildings with 37 and Above Units
Denver-Central/Capitol Hill
Denver-Downtown
Denver-East Central/Lowry
Denver-Far SE
Denver-N Central/City Park
Denver-Northeast
Denver-Northwest
Denver-S Central/Wash Park
Denver-Southeast
Denver-Southwest
Denver-West Central
Denver County Average
Buildings with 5 Stories and Above
Denver-Central/Capitol Hill
Denver-Downtown
Denver-East Central/Lowry
Denver-Far SE
Denver-N Central/City Park
Denver-Northeast
Denver-Northwest
Denver-S Central/Wash Park
Denver-Southeast
Denver-Southwest
Denver-West Central
Denver County Average

1085.18
1376.14
967.39
1019.65
932.86
950.00
1501.74
1037.03
850.13
992.00
1188.79

1 Bed

1187.04
1657.73
1305.21
1109.73
1432.38
1078.14
1704.83
1205.69
1121.46
1153.76
1016.88
1255.28

2 Bed
1 Bath

1628.44
1741.62
1345.02
1197.60
1407.50
1087.78
1468.19
1160.71
1141.61
1265.96
1175.76
1285.27

1001.25

2 Bed
2 Bath

834.00
675.00

1339.29
1247.50

550.00

815.00

800.00
1159.23

906.82

1061.95
1317.01
1061.70
900.00
1021.86
1520.00
1103.92
1031.00
1050.00
786.71

913.03

1139.76
1376.14
970.30
1020.28

Other

1685.00
3095.72
1760.00
1448.65

All

1888.77
2304.04
1811.06
1524.90
2383.57
1448.27
2282.38
2028.70
1505.56
1470.22
4195.00
1738.39

2802.14
3092.32
2090.66
1980.73
2645.45
1689.82
1735.00
3269.55
1180.22
1767.69
1578.29
1936.51

3250.00

2819.00

2135.00

1200.00

780.00

675.00
550.00

3 Bed

1237.50
580.00
400.00
1237.67
875.00
1766.80
1726.50

1316.32
1802.07
1482.08
1232.82
1675.14
1209.75
1801.29
1441.04
1244.50
1287.60
1165.42
1391.37

1850.00

1735.00

580.00
400.00

1176.18
849.00

2550.00

2345.63

490.00

800.00
1285.12

1365.09
1799.17
1136.54
1050.00
1407.50
990.00
1269.10
1495.71
1083.33
1050.00

1387.30
1900.00

1626.23

1685.00

2317.32
1844.00
1400.00
2625.00

2790.00

1065.12

1333.37

1859.91

2866.19

817.00
851.72

1293.24
1665.48
1317.70
1110.56
1720.00
1074.71
1726.36
1254.35
1121.64
1164.77
1016.88
1272.45

1797.40
1737.83
1353.73
1199.00

1934.51
2304.46
1811.06
1524.90
2406.00
1443.00
2373.11
1965.60
1505.56
1470.22
4195.00
1736.76

3646.72
3092.32
2090.66
1980.73

3095.72
1760.00
1448.65

1689.82

1237.50

2715.00
1178.94
1767.69
1578.29
1859.86

1237.67
875.00
2400.00
1861.74

1897.38
1879.25
1566.37
1269.95
937.50
2148.00
1130.00
1424.40

1928.98
2346.85
1701.82
1570.76
2415.95
937.50
2321.13
1930.05
1392.73

4320.50
4279.00
2187.25
3300.00
1212.50

1237.50

1629.86
1140.09
890.38

1324.42
1700.92
1335.94
1188.75
1721.82
837.50
1859.51
1189.72
986.97

1700.00

1308.00

1521.77
1863.31
1510.20
1291.08
2032.83
912.09
1929.86
1288.38
1144.37

1067.00
1358.86

1239.00
1421.65

1630.00
1545.26

4195.00
2001.27

2182.81

2502.43

1221.62
1580.13

962.00
795.00
932.86

888.33

950.00
1512.20
1066.00
850.13
992.00
1206.52

1226.35
1476.62
988.60
1196.00

VI-15

1089.76
1739.03
1130.00
1142.28
1268.36
1180.70
1281.12

3325.00
1395.00

3291.80

1107.92
1390.19
1048.44
935.83
1353.98
1438.86
1277.34
1636.60
1090.31
811.79
817.00
1178.64

1444.25
1807.58
1500.80
1233.80
1949.85
1207.22
1855.78
1395.46
1244.99
1295.28
1177.07
1405.78

Average Rent for Apartment Building/Community Features and Amenities in Denver County
(In Dollars)
With Feature/Amenity
Feature/Amenity

Efficiency

1 Bed

2 Bed
1 Bath

2 Bed
2 Bath

Difference

Without Feature/Amenity
3 Bed

All

Efficiency

1 Bed

2 Bed
1 Bath

2 Bed
2 Bath

3 Bed

All

Outside Storage

1364.81

1415.77

1524.81

1870.04

2272.72

1574.74

977.55

1121.32

1181.87

1565.81

1697.73

1228.51

346.23

Patio or Balcony

1241.17

1287.68

1289.00

1748.03

1961.89

1429.04

931.29

1028.66

1264.20

1217.51

1366.68

1064.63

364.41

Fireplace

1168.97

1232.78

1317.89

1642.70

2054.44

1376.26

1205.09

1289.23

1246.38

1970.03

1798.15

1414.68

-38.42

Nine-Foot Ceilings

1383.34

1415.95

1600.70

1839.63

2205.70

1587.93

942.80

1065.55

1169.47

1411.88

1579.46

1134.59

453.34

Swimming Pool

1249.57

1265.00

1260.88

1721.64

1871.46

1406.79

1040.23

1209.67

1425.37

2030.26

2481.53

1304.96

101.82

Spa or Sauna

1289.70

1344.80

1431.31

1763.33

2079.29

1501.74

1111.87

1160.70

1207.46

1685.70

1800.91

1267.35

234.39

Exercise Room

1252.28

1303.20

1326.68

1763.56

2095.27

1446.06

894.42

1009.70

1161.40

1263.14

1622.17

1087.11

358.95

Sport Court

1008.07

1152.21

1237.80

1538.70

1801.29

1275.81

1224.97

1299.21

1305.95

1844.58

1960.44

1439.94

-164.13

Microwave

1304.89

1378.14

1452.65

1822.65

2206.99

1539.69

1041.81

1044.11

1192.17

1429.51

1330.63

1135.18

404.50

Washer/Dryer Hookups

1394.60

1401.64

1364.77

1882.01

2176.04

1563.40

1020.62

1156.12

1239.92

1582.21

1767.18

1260.50

302.90

Garbage Disposal

1200.01

1263.30

1284.13

1744.88

1953.99

1402.19

946.24

1112.79

1307.41

1284.24

1354.77

1141.92

260.27

Dishwasher

1221.64

1274.70

1296.88

1745.10

1959.98

1415.34

930.71

1027.66

1178.14

1207.03

1326.18

1051.53

363.81

Air Conditioning

1217.14

1272.42

1296.58

1747.36

1963.96

1412.89

929.03

1026.01

1181.20

1232.55

1395.00

1062.69

350.20

Ceiling Fan

1221.73

1266.87

1258.40

1732.74

2133.68

1403.11

1072.02

1222.32

1325.08

1758.48

1652.36

1359.23

43.88

Attached Garage

1398.65

1520.73

1574.75

1968.02

2556.24

1684.24

1073.53

1166.43

1259.30

1609.07

1769.65

1285.36

398.89

Covered Parking

1249.65

1307.59

1378.46

1791.88

2326.50

1457.51

1031.28

1138.49

1150.17

1588.26

1508.89

1245.72

211.80

Clubhouse

1239.09

1305.49

1297.09

1763.22

1902.05

1443.89

1063.89

1092.82

1251.12

1542.61

2067.09

1197.00

246.89

Business Center

1235.62

1295.42

1297.43

1757.66

2047.71

1444.33

1130.19

1149.93

1262.71

1627.87

1735.15

1247.71

196.61

Pets Allowed

1230.32

1285.96

1330.06

1766.31

2139.71

1432.33

811.01

963.68

1031.83

1060.53

1139.40

982.03

450.30

Resident Pays Sewer/Water

1254.20

1296.38

1286.39

1759.29

2134.54

1439.96

950.22

1069.51

1282.17

1485.10

1437.12

1154.58

285.38

Unit Security/Alarm System

1260.30

1467.15

1884.28

1911.23

2107.31

1650.18

1180.45

1230.91

1244.25

1711.27

1900.25

1359.89

290.28

Handicapped Access

1317.58

1382.14

1420.78

1843.90

2116.52

1538.08

949.96

1072.43

1182.39

1417.65

1693.32

1154.44

383.64

Heat Included in Rent

886.02

1018.42

1170.43

1044.12

1153.13

1041.89

1242.09

1280.46

1310.02

1755.36

2110.59

1427.46

-385.57

VI-16

Apartment Unit Absorption by Quarter and Year for Denver County

2013

2014

2015

2016

First
107822
0
107822
5.4%
102042
5780
833
109399
124*
109523
6.8%
102039
7484
-665
112417
344
112761
6.3%
105661
7100
-1577
117088
1505
118593
6.2%
111262
7331
3037

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

Second
107822
0
107822
4.6%
102898
4924
856
109523
764*
110287
5.6%
104061
6226
1357
112761
1410
114171
4.9%
108546
5625
2886
118593
1516
120109
5.4%
113662
6447
2400

Third
107822
0
107822
4.6%
102901
4921
3
110287
1240*
111527
3.5%
107648
3879
3587
114171
1474
115645
5.4%
109366
6279
820

Fourth
107822
1577*
109399
6.1%
102704
6695
-197
111527
890
112417
4.6%
107237
5180
-411
115645
1443
117088
7.6%
108225
8863
-1141

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.

Estimate of New Apartments by Quarter for Denver County


Beginning
Inventory
2009 1st
2nd
3rd
4th
2010 1st
2nd
3rd
4th
2011 1st
2nd
3rd
4th
2012 1st
2nd
3rd
4th
2013 1st
2nd
3rd
4th
2014 1st
2nd
3rd
4th
2015 1st
2nd
3rd
4th
2016 1st
2nd
3rd
4th
*numbers were revised to reflect a change in data sources

Units Added

103609
104703
105312
105917
106086
106093
106093
106093
106239
106280
106470
106536
106751
107027
107162
107735
107822
107822
107822
107822
109399
109523
110287
111527
112417
112761
114171
115645
117088
118593

VI-17

1094
609
605
169
7
0
0
146
41
190
66
215
276
135
573
87
0
0
0
1577*
124*
764*
1240*
890
344
1410
1474
1443
1505
1516

Ending
Inventory
104703
105312
105917
106086
106093
106093
106093
106239
106280
106470
106536
106751
107027
107162
107735
107822
107822
107822
107822
109399
109523
110287
111527
112417
112761
114171
115645
117088
118593
120109

Year-End
107822
1577
109399
6.1%
102704
6695
1495
109399
3018
112417
4.6%
107237
5180
3868
112417
4671
117088
7.6%
108225
8863
988

Monthly Resident Turnover


By Size, Age of Building, and Market Area
for Denver County
(In Percent)

2015
Building Type

3rd

2016
4th

1st

2nd

Size
Up to 8

3.8

0.0

3.6

1.9

9 - 50

3.1

4.9

2.9

5.1

51-99

2.0

4.1

3.4

3.7

100 - 199

5.2

3.9

3.4

4.8

200 to 349

7.6

3.5

3.4

5.6

350 up

4.7

4.1

3.6

4.5

4.6

4.5

2.9

4.9

Age
To 1959
1960-69

4.0

2.9

3.1

4.8

1970-79

4.5

4.1

3.7

4.5

1980-89

4.6

3.7

3.6

4.9

1990-99

6.1

4.2

2.8

5.0

2000-09

9.6

4.7

4.1

5.3

2010 up

5.0

2.8

3.3

5.4

Market Area
Denver-Central/Capitol Hill

3.8

3.9

3.6

4.5

Denver-Downtown

6.2

4.1

3.7

5.4

Denver-East Central/Lowry

2.4

5.1

3.5

3.8

Denver-Far SE

5.2

4.0

3.6

4.8

Denver-N Central/City Park

3.6

5.9

5.2

5.9

Denver-Northeast

4.8

4.3

3.4

5.1

Denver-Northwest

0.3

2.1

1.9

5.7

35.7

3.5

4.1

5.8

Denver-S Central/Wash Park


Denver-Southeast

5.1

3.5

3.0

4.5

Denver-Southwest

4.2

3.4

3.5

5.6

Denver-West Central

8.3

6.0

3.3

9.1

County Average

5.7

3.9

3.5

5.0

Resident turnover is for respective months of February, May, August and


November.

VI-18

Vacancy Rates During the Current Quarter


Denver County

Rent Level
$000 to $225
$226 to $250
$251 to $275
$276 to $300
$301 to $325
$326 to $350
$351 to $375
$376 to $400
$401 to $425
$426 to $450
$451 to $475
$476 to $500
$501 to $525
$526 to $550
$551 to $575
$576 to $600
$601 to $625
$626 to $650
$651 to $675
$676 to $700
$701 to $725
$726 to $750
$751 to $775
$776 to $800
$801 to $825
$826 to $850
$851 to $875
$876 to $900
$901 to $925
$926 to $950
$951 to $975
$976 to $1000
$1001 to 1025
$1026 to 1050
$1051 to 1075
$1076 to 1100
$1101 to 1125
$1126 to 1150
$1151 to 1175
$1176 to 1200
$1201 to 1225
$1226 to 1250
$1251 to 1275
$1276 to 1300
$1301 to 1325
$1326 to 1350
$1351 to 1375
$1376 to 1400
$1401 to 1425
$1426 to 1450
$1451 to 1475
$1476 to 1400
$1501 to 1525
$1526 to 1550
$1551 to 1575
$1576 to 1500
$1601 to 1625
$1626 to 1650
$1651 to 1675
$1676 to 1600
$1701 to 1725
$1726 to 1750
$1751 to 1775
$1776 to 1800
$1801 to 1825
$1826 to 1850
$1851 to 1875
$1876 to 1900
$1901 to 1926
$1926 to 1950
$1951 to 1975
$1976 to 2000
$2000 and up
TOTALS

Two Bedroom

Two Bedroom

Efficiencies

One Bedroom

One Bathroom

Two Bathroom

Total

Total

Total

Vacant

Percent Vacant
3

Percent Vacant

13

23.1%

0.0%

Percent Vacant

Total

Three Bedroom

Percent Vacant

Total

Other

Percent Vacant

Total

0.0%

0.0%

0.0%

100.0%

10
29
8
11
10
4
19
6
45
28
262
80
202
54
193
109
134
54
21
48
17
30
7
33
76
32
68
173
69
153
384
45
29
63
128
4
26
5
60
52

30.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
15.6%
0.0%
3.1%
13.8%
4.5%
1.9%
4.7%
2.8%
11.9%
7.4%
4.8%
8.3%
5.9%
3.3%
14.3%
0.0%
1.3%
6.3%
1.5%
6.4%
2.9%
1.3%
6.8%
8.9%
10.3%
12.7%
7.8%
0.0%
11.5%
40.0%
3.3%
1.9%

7
8
11
9
1
9
3
16
4
1
4
1
1
1
1
2
1
11
2
2
26
4
3
8
10
3
2
2
1

15
1
1

90
49
87
32
31

16.7%
2.0%
1.1%
0.0%
0.0%

18

0.0%

175

3100

10
2
19
1
18
39
63
35
47
12
13
7
35
17
9
18
52
4
27
14
33
12
104
26
19
27
19
8
61
12
7
15
31
14
43
19
3
1
37
5
8
16
7

1
1
1
1
1
1
3
2
4
3
114
110
48
58
115
154
686
55
580
476
1541
839
932
241
416
198
672
462
312
439
1205
141
839
418
234
815
581
1226
670
330
511
246
181
554
208
236
445
144
199
8
207
206
104
22
255
257
220
217
121

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.9%
0.0%
0.0%
0.0%
8.7%
1.3%
2.8%
1.8%
3.1%
8.2%
4.1%
4.2%
5.0%
5.0%
3.1%
3.5%
5.2%
3.7%
2.9%
4.1%
4.3%
2.8%
3.2%
0.0%
6.0%
4.0%
2.1%
8.5%
3.9%
5.8%
5.3%
7.7%
4.4%
11.0%
5.8%
3.0%
3.4%
21.5%
7.0%
0.0%
20.8%
9.2%
2.9%
4.5%
14.5%
1.9%
3.6%
7.4%
5.8%

571
19855

5.6%

0.0%

1
1
3
2
3

0.0%
0.0%
0.0%

0.0%

121
232
1
3
2
9
100
5
5
385
37
302
99
2
240
119
389
137
209
11
114
41
171
126
169
78
114
122
106
7
19
164
37
65
39
15
54
14

0.0%
0.9%
0.0%
0.0%
0.0%
0.0%
0.0%
20.0%
0.0%
3.1%
2.7%
7.0%
4.0%
0.0%
4.2%
4.2%
6.7%
4.4%
7.2%
18.2%
5.3%
2.4%
7.0%
1.6%
3.6%
1.3%
2.6%
6.6%
3.8%
14.3%
10.5%
5.5%
5.4%
10.8%
10.3%
0.0%
5.6%
7.1%

45
1

6.7%
0.0%

70
7

0.0%
28.6%

0.0%

129

6.2%

7.9%
5.1%

14
204

149
4275

9.4%
4.8%

1
12
1
21
4
10
5
26
6
15
2
6
1
12
2
6
1
3
8
4
1
2
9
2
7
4
3
1
3

0.0%

4
3
1
9
3
9
10
23
16
11
15
19
13
6
7
3
7
26
8
6
5
1
6
84
2
2
3
7
10
10
22
4
10
196
569

0.0%

45
1018

Total
3

1
2

Total
Percent Vacant

Data is only for buildings with a Certificate of Occupancy. Rents are calculated as if units are unfurnished.

VI-19

134

3.7%

1
24
84
2
10
10
12
8
244
14
25
154
155
24
53
114
221
251
177
140
134
460
356
150
98
4
85
273
735
166
144
154
104
96
962
31
351
166
15
7
240
135
462
62
239
1818
9304

0.0%
12.5%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
1.6%
0.0%
12.0%
0.6%
5.8%
0.0%
5.7%
7.9%
4.5%
9.2%
9.0%
7.9%
11.2%
4.1%
3.7%
4.0%
7.1%
0.0%
3.5%
2.6%
3.5%
4.8%
4.2%
3.2%
1.0%
6.3%
8.7%
6.5%
0.6%
1.8%
46.7%
0.0%
4.2%
7.4%
4.8%
6.5%
4.2%
10.8%
6.1%

5
1
1

20.0%
0.0%
0.0%

10

149

6.7%

2
6
34
4
1
6
1
1
1
1
1
1
20
1

0.0%
0.0%
0.0%
0.0%
0.0%
16.7%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%

33
3

3.0%
0.0%

1
3

58
24
45
3

1.7%
12.5%
0.0%
0.0%

2
3

31
81

6.5%
3.7%

35

2.9%

17
40

17
2
323
891

0.0%
0.0%
5.3%
4.5%

13
14

24

0.0%

30

0.0%

1
8

0.0%
0.0%

14

0.0%

5
1

0.0%
0.0%

42

2.4%

0.0%

0.0%

75
207

17.3%
6.8%

17
4
32
12
27
43
73
39
63
28
15
32
44
28
23
24
88
12
46
22
33
59
66
121
51
47
53
33
22
64
19
25
43
46
25
8
47
41
88
9
42
8
16
16
19
10
30
4
10
285
2020

Percent

14

21.4%

0.0%

0.0%

3
1
2
1
2
1
14
31
15
16
127
114
69
64
281
438
1083
168
785
563
1923
956
1082
690
486
556
1032
657
584
748
1839
368
1187
717
644
1266
1315
1538
1045
932
1110
542
412
570
372
758
1220
375
440
201
411
409
1115
220
720
454
270
312
368
143
595
79
241
2936
37632

0.0%
0.0%
0.0%
0.0%
50.0%
0.0%
21.4%
0.0%
0.0%
0.0%
0.8%
0.0%
0.0%
0.0%
6.0%
0.9%
3.0%
7.1%
3.4%
7.6%
3.8%
4.1%
5.8%
4.1%
3.1%
5.8%
4.3%
4.3%
3.9%
3.2%
4.8%
3.3%
3.9%
3.1%
5.1%
4.7%
5.0%
7.9%
4.9%
5.0%
4.8%
6.1%
5.3%
11.2%
5.1%
3.3%
3.5%
12.3%
5.7%
4.0%
11.4%
10.0%
7.9%
4.1%
5.8%
1.8%
5.9%
5.1%
5.2%
7.0%
5.0%
5.1%
4.1%
9.7%
5.4%

Vacancy Rates During the Current Quarter


Denver - Central/Capitol Hill

Rent Level
$000 to $225
$226 to $250
$251 to $275
$276 to $300
$301 to $325
$326 to $350
$351 to $375
$376 to $400
$401 to $425
$426 to $450
$451 to $475
$476 to $500
$501 to $525
$526 to $550
$551 to $575
$576 to $600
$601 to $625
$626 to $650
$651 to $675
$676 to $700
$701 to $725
$726 to $750
$751 to $775
$776 to $800
$801 to $825
$826 to $850
$851 to $875
$876 to $900
$901 to $925
$926 to $950
$951 to $975
$976 to $1000
$1001 to 1025
$1026 to 1050
$1051 to 1075
$1076 to 1100
$1101 to 1125
$1126 to 1150
$1151 to 1175
$1176 to 1200
$1201 to 1225
$1226 to 1250
$1251 to 1275
$1276 to 1300
$1301 to 1325
$1326 to 1350
$1351 to 1375
$1376 to 1400
$1401 to 1425
$1426 to 1450
$1451 to 1475
$1476 to 1400
$1501 to 1525
$1526 to 1550
$1551 to 1575
$1576 to 1500
$1601 to 1625
$1626 to 1650
$1651 to 1675
$1676 to 1600
$1701 to 1725
$1726 to 1750
$1751 to 1775
$1776 to 1800
$1801 to 1825
$1826 to 1850
$1851 to 1875
$1876 to 1900
$1901 to 1926
$1926 to 1950
$1951 to 1975
$1976 to 2000
$2000 and up
TOTALS

Efficiencies

One Bedroom

Total

Total

Vacant

Percent Vacant

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Percent Vacant

Total
1

0.0%

0.0%

1
5
5
6
6
2
16
6
8
8
18
25
21
33
14
6
29
22
14

100.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
16.7%
12.0%
14.3%
3.0%
7.1%
0.0%
3.4%
13.6%
7.1%

1
9

17
25
2
3
2
6
44
121

5.9%
4.0%
0.0%
0.0%
0.0%
0.0%
2.3%
7.4%

38

2.6%

1
19

0.0%
5.3%

3
3
3
1
1
1
3
1
1
1

16

0.0%

1
1
1

0.0%
0.0%
0.0%

2
4
2
1
1
9
15
30
19
16
36
41
35
58
106
176
199
141
91
177
51
107
41
138
141
97
14
55
60
40
27
31
294
22
8
49
44

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
12.2%
0.0%
1.7%
1.9%
2.3%
2.5%
5.7%
4.4%
2.3%
0.0%
5.6%
4.9%
4.3%
2.8%
1.0%
0.0%
0.0%
8.3%
2.5%
0.0%
3.2%
6.5%
13.6%
0.0%
0.0%
4.5%

5.7%

Three Bedroom

Percent Vacant

Total

Percent Vacant

Other
Total

Total
Percent Vacant

Total

0.0%

1
11

35
177

2.9%
6.2%

5
1
2
4
5
8
4
4
6
2
6
4
1

5
1
1
19
3

0.0%

1
1

0.0%
0.0%

3
2
1
4
1
4
2
3
2
1
7

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
14.3%

3
21
2
52
2
39
11
37
22
16
14
38

0.0%
0.0%
0.0%
7.7%
0.0%
25.6%
0.0%
2.7%
4.5%
0.0%
7.1%
0.0%

25.0%

2
5

26
25
3
15
54
4

7.7%
20.0%
0.0%
0.0%
5.6%
0.0%

4
10
1
1
1

542

Total

0.0%

31

Percent Vacant

95

2594

3.7%

12
45

45

0.0%

1
4
6
3
7
5
6
2
5
3
7
8
6
9
4
6
6
2
13

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
16.7%
0.0%
25.0%
0.0%
16.7%
0.0%
7.7%

1
18
4
12
23

0.0%
0.0%
0.0%
0.0%
0.0%

31
15
18

0.0%
6.7%
5.6%

1
5
1

3
8
17

1
1
1
1

6.7%

1
2

0.0%
0.0%

35

0.0%

123
632

9.8%
7.1%

1
1

Data is only for buildings with a Certificate of Occupancy. Rents are calculated as if units are unfurnished.

VI-20

0.0%

1
1

0.0%
0.0%

1
1

0.0%
0.0%

0.0%

0.0%

0.0%

0.0%

0.0%

0.0%
0.0%
0.0%

0.0%

51

5.9%

82
366

9.8%
4.6%

1
2
16
36

0.0%
0.0%
6.3%
2.8%

3
3
8
1
2
2
5
8
9
4
5
1
6
3
6
4
2
9
4
6
11
4
20
4
1
1
2
3
1
13
5

1
1

0.0%

4
1

0.0%

21
189

Percent

0.0%

0.0%

0.0%

1
1
1
1
1
7
9
9
7
3
25
21
38
27
35
62
62
71
74
113
209
223
159
93
198
82
116
54
147
155
168
139
113
103
87
48
93
326
59
28
94
46
21
36
204
43
10
27
78
7
31
60
19

0.0%
0.0%
0.0%
0.0%
100.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
8.6%
4.8%
12.9%
1.4%
2.7%
1.8%
2.4%
3.6%
5.7%
4.3%
2.5%
1.2%
5.2%
5.6%
4.1%
2.6%
1.2%
6.5%
3.5%
5.8%
12.6%
0.0%
4.3%
6.1%
6.8%
3.6%
1.1%
4.3%
14.3%
2.8%
6.4%
11.6%
0.0%
0.0%
3.8%
0.0%
0.0%
6.7%
5.3%

4
6
3

0.0%
0.0%
0.0%

35
52
2
221
4171

0.0%
5.8%
0.0%
9.5%
4.5%

Vacancy Rates During the Current Quarter


Denver - Downtown

Rent Level
$000 to $225
$226 to $250
$251 to $275
$276 to $300
$301 to $325
$326 to $350
$351 to $375
$376 to $400
$401 to $425
$426 to $450
$451 to $475
$476 to $500
$501 to $525
$526 to $550
$551 to $575
$576 to $600
$601 to $625
$626 to $650
$651 to $675
$676 to $700
$701 to $725
$726 to $750
$751 to $775
$776 to $800
$801 to $825
$826 to $850
$851 to $875
$876 to $900
$901 to $925
$926 to $950
$951 to $975
$976 to $1000
$1001 to 1025
$1026 to 1050
$1051 to 1075
$1076 to 1100
$1101 to 1125
$1126 to 1150
$1151 to 1175
$1176 to 1200
$1201 to 1225
$1226 to 1250
$1251 to 1275
$1276 to 1300
$1301 to 1325
$1326 to 1350
$1351 to 1375
$1376 to 1400
$1401 to 1425
$1426 to 1450
$1451 to 1475
$1476 to 1400
$1501 to 1525
$1526 to 1550
$1551 to 1575
$1576 to 1500
$1601 to 1625
$1626 to 1650
$1651 to 1675
$1676 to 1600
$1701 to 1725
$1726 to 1750
$1751 to 1775
$1776 to 1800
$1801 to 1825
$1826 to 1850
$1851 to 1875
$1876 to 1900
$1901 to 1926
$1926 to 1950
$1951 to 1975
$1976 to 2000
$2000 and up
TOTALS

Efficiencies

One Bedroom

Total

Total

Vacant

Percent Vacant

24

29.2%

66

0.0%

0.0%

75
56

0.0%
7.1%

0.0%

18

5.6%

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Percent Vacant

Total

39
19
74
373
39

0.0%
5.3%
1.4%
6.7%
7.7%

5
10

27
107

18.5%
9.3%

3
2
2
1

24
4
60
40

12.5%
50.0%
3.3%
2.5%

15
1
1

90
49
45
32
31

16.7%
2.0%
2.2%
0.0%
0.0%

18

0.0%

82

1328

68

1.5%

Three Bedroom

Percent Vacant

Total

Other

Percent Vacant

Total

Total
Percent Vacant

Total

31

3.2%

27

0.0%

106

1
5
12

0.0%

187

1.1%

14

7.1%

14
11

264
164

5.3%
6.7%

45
8
5
4
31
14

0.0%

30

40.0%

0.0%

17

0.0%

10

10.0%

43
5
2
1
37
5
8

240
112
192
200
139
194
6
204
75
103
22
252
257
220

18.8%
7.1%
2.6%
2.0%
22.3%
7.2%
0.0%
21.1%
6.7%
1.9%
4.5%
14.7%
1.9%
3.6%

121

5.8%

7
5

0.0%
40.0%

0.0%

94

8.5%

1
9

438
3640

8.7%
7.8%

1
24

14
194

7.1%
12.4%

9
129
149

38
283

Data is only for buildings with a Certificate of Occupancy. Rents are calculated as if units are unfurnished.

VI-21

324

0.3%

2
9
143
1
218
1240
1937

0.0%
11.1%
6.3%
0.0%
4.1%
10.4%
7.7%

8.1%
8.1%

7
7

39
39

17.9%
17.9%

29.2%

66

0.0%

9
68
75
87

0.0%
1.5%
0.0%
5.7%

39

0.0%

0.0%

124

0.8%

30
39
19
74
560
39
14
27
376
164
41
244
172
232
200
139
194
6
204
175
152
67
608
288
220
25
128
17
241
1
218
1793
7200

40.0%
0.0%
5.3%
1.4%
4.8%
7.7%
7.1%
18.5%
6.4%
6.7%
7.3%
19.3%
5.8%
2.6%
2.0%
22.3%
7.2%
0.0%
21.1%
12.0%
2.0%
3.0%
6.3%
1.7%
3.6%
0.0%
7.0%
5.9%
7.1%
0.0%
4.1%
10.0%
7.6%

9
1
17

62
62

24

43
21
3
2
38
5
8

5
5

Percent

12
1
1
27
3
1
5
24
11
3
47
10
6
4
31
14

0.0%

6.2%

Total

12
1
1
25
3

Percent Vacant

9
180
550

Vacancy Rates During the Current Quarter


Denver - East Central/Lowry

Efficiencies
Rent Level
$000 to $225
$226 to $250
$251 to $275
$276 to $300
$301 to $325
$326 to $350
$351 to $375
$376 to $400
$401 to $425
$426 to $450
$451 to $475
$476 to $500
$501 to $525
$526 to $550
$551 to $575
$576 to $600
$601 to $625
$626 to $650
$651 to $675
$676 to $700
$701 to $725
$726 to $750
$751 to $775
$776 to $800
$801 to $825
$826 to $850
$851 to $875
$876 to $900
$901 to $925
$926 to $950
$951 to $975
$976 to $1000
$1001 to 1025
$1026 to 1050
$1051 to 1075
$1076 to 1100
$1101 to 1125
$1126 to 1150
$1151 to 1175
$1176 to 1200
$1201 to 1225
$1226 to 1250
$1251 to 1275
$1276 to 1300
$1301 to 1325
$1326 to 1350
$1351 to 1375
$1376 to 1400
$1401 to 1425
$1426 to 1450
$1451 to 1475
$1476 to 1400
$1501 to 1525
$1526 to 1550
$1551 to 1575
$1576 to 1500
$1601 to 1625
$1626 to 1650
$1651 to 1675
$1676 to 1600
$1701 to 1725
$1726 to 1750
$1751 to 1775
$1776 to 1800
$1801 to 1825
$1826 to 1850
$1851 to 1875
$1876 to 1900
$1901 to 1926
$1926 to 1950
$1951 to 1975
$1976 to 2000
$2000 and up
TOTALS

Vacant

Total

One Bedroom

Percent Vacant

Total

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Percent Vacant

Total

Percent Vacant

Total

38

Other

Percent Vacant

Total

20

10.0%

3
10.0%
11.1%
10.0%
0.0%
0.0%

10

144

22

13.6%

6.9%
1

1
3
1

10

11
5
23
27

418

236

0.0%
20.0%
13.0%
3.7%

2.4%

3.0%

0.0%

3.8%

2
2

38
20

5.3%
10.0%

3
11
3
1

22
154
27
11
2
7
11
16
23
184

13.6%
7.1%
11.1%
9.1%
0.0%
0.0%
0.0%
25.0%
13.0%
3.3%

0.0%

157

3.2%

0.0%

1
9

0.0%
22.2%

12

1
427

0.0%
2.8%

16

12.5%

16

12.5%

14.3%

243

3.3%

32
1
40

3.1%
0.0%
5.0%

0.0%

40

62

902

0.0%

4
3
6

32

3.1%

0.0%

5.0%

34

27.3%

8.8%

Percent

11

57

Total

Total
Percent Vacant

5.3%
2

10
27
10
2
7

Total

0.0%

1
3
1

Three Bedroom

Percent Vacant

17

324

0.0%

162

1.2%

162

1.2%

1
7

140
94

0.7%
7.4%

1
7

62
140
94

0.0%
0.7%
7.4%

13

419

3.1%

3
73

122
1861

2.5%
3.9%

0.0%

5.2%

Data is only for buildings with a Certificate of Occupancy. Rents are calculated as if units are unfurnished.

VI-22

3
4

122
155

2.5%
2.6%

0.0%

Vacancy Rates During the Current Quarter


Denver - Far Southeast

Rent Level
$000 to $225
$226 to $250
$251 to $275
$276 to $300
$301 to $325
$326 to $350
$351 to $375
$376 to $400
$401 to $425
$426 to $450
$451 to $475
$476 to $500
$501 to $525
$526 to $550
$551 to $575
$576 to $600
$601 to $625
$626 to $650
$651 to $675
$676 to $700
$701 to $725
$726 to $750
$751 to $775
$776 to $800
$801 to $825
$826 to $850
$851 to $875
$876 to $900
$901 to $925
$926 to $950
$951 to $975
$976 to $1000
$1001 to 1025
$1026 to 1050
$1051 to 1075
$1076 to 1100
$1101 to 1125
$1126 to 1150
$1151 to 1175
$1176 to 1200
$1201 to 1225
$1226 to 1250
$1251 to 1275
$1276 to 1300
$1301 to 1325
$1326 to 1350
$1351 to 1375
$1376 to 1400
$1401 to 1425
$1426 to 1450
$1451 to 1475
$1476 to 1400
$1501 to 1525
$1526 to 1550
$1551 to 1575
$1576 to 1500
$1601 to 1625
$1626 to 1650
$1651 to 1675
$1676 to 1600
$1701 to 1725
$1726 to 1750
$1751 to 1775
$1776 to 1800
$1801 to 1825
$1826 to 1850
$1851 to 1875
$1876 to 1900
$1901 to 1926
$1926 to 1950
$1951 to 1975
$1976 to 2000
$2000 and up
TOTALS

Efficiencies

One Bedroom

Total

Total

Vacant

Percent Vacant

2
5
4
1

0.0%
0.0%
0.0%
0.0%

20
2
20
138

0.0%
0.0%
0.0%
3.6%

150

2.0%

80

5.0%

1
1

6
30

16.7%
3.3%

2
2
1
1
1
2
1

2
1
30
56
26
24
10
50
7
11
5
10
16
5
4
2
1

0.0%
100.0%
0.0%
0.0%
7.7%
0.0%
20.0%
2.0%
0.0%
9.1%
20.0%
20.0%
6.3%
0.0%
0.0%
0.0%
0.0%

18
3
41
6
35

1
3
6
12
39
40
15
8

0.0%
0.0%
0.0%
0.0%
0.0%
20.0%
0.0%
0.0%

795
152
1010
281
602

2.3%
2.0%
4.1%
2.1%
5.8%

210
158

8.6%
3.8%

2
31
5

143
646
92
54
102
31
483
254
575
160
24
8
6
132
19
23
9
3
5
5
2
3
2
1

1.4%
4.8%
5.4%
0.0%
0.0%
0.0%
2.9%
1.2%
16.0%
6.9%
0.0%
12.5%
33.3%
6.1%
15.8%
0.0%
11.1%
0.0%
0.0%
0.0%
0.0%
0.0%
50.0%
100.0%

1
2
8
3
1

1
1

Two Bedroom
Two Bathroom

Percent Vacant

18
6

14
3
92
11

Two Bedroom
One Bathroom
Total

Percent Vacant

Total

718

3.5%

310

6114

5.1%

Total

Other

Percent Vacant

Total

Total
Percent Vacant

Total

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
19.0%
0.0%
3.4%

945
152
1090
281
608
30
10
120
746
160
1
454
979
137
268
224
81
562
416
634
236
319
13
54
178
144
95
291
171
5
229
144
109
30
186
16
9
4
1
2
9
32
292

2.2%
2.0%
4.1%
2.1%
5.9%
3.3%
0.0%
6.7%
3.9%
3.8%
100.0%
0.9%
5.2%
5.1%
1.9%
4.9%
1.2%
3.0%
3.8%
15.0%
6.8%
2.8%
7.7%
5.6%
5.6%
4.2%
2.1%
3.8%
4.7%
0.0%
3.1%
3.5%
0.9%
3.3%
29.0%
6.3%
0.0%
25.0%
0.0%
0.0%
0.0%
6.3%
4.5%

1
15
11
130
539 10928

6.7%
8.5%
4.9%

5
21
3
45
6
36
1
8
7

10
120
320

0.0%
6.7%
2.2%

20

26
277

216

1.9%

0.0%
7.2%

255

0.8%

158

1.9%

2
9

19
32
112

0.0%
6.3%
8.0%

1
54

0.0%
3.7%

3
12

72
150

4.2%
8.0%

2
8

24
279

8.3%
2.9%

1
2
3
2
7
8

24
42
92
72
216
168

4.2%
4.8%
3.3%
2.8%
3.2%
4.8%

5
5
1

196
142
80

2.6%
3.5%
1.3%

53
1

2
13

185
16
9
4
1
2
1
32
292

28.6%
6.3%
0.0%
25.0%
0.0%
0.0%
0.0%
6.3%
4.5%

1
5
152

15
75
2823

6.7%
6.7%
5.4%

0.0%

66

4.5%

28

7.1%

45

1062

4.2%

Data is only for buildings with a Certificate of Occupancy. Rents are calculated as if units are unfurnished.

VI-23

20

26
28

42

2.4%

32

0.0%

0.0%

8
29
6
1
4
51
7
5
11
1
17
16
95
16
9
1
3
10
6
2
11
8
7
5
1
1
54
1

0.0%
0.0%

0.0%
2
13

6
6

55
137

10.9%
4.4%

74

1.4%

Percent

2
6
7
7
12
59
42
35
146

25

Three Bedroom

Percent Vacant

Vacancy Rates During the Current Quarter


Denver - North Central/City Park
Two Bedroom

Rent Level
$000 to $225
$226 to $250
$251 to $275
$276 to $300
$301 to $325
$326 to $350
$351 to $375
$376 to $400
$401 to $425
$426 to $450
$451 to $475
$476 to $500
$501 to $525
$526 to $550
$551 to $575
$576 to $600
$601 to $625
$626 to $650
$651 to $675
$676 to $700
$701 to $725
$726 to $750
$751 to $775
$776 to $800
$801 to $825
$826 to $850
$851 to $875
$876 to $900
$901 to $925
$926 to $950
$951 to $975
$976 to $1000
$1001 to 1025
$1026 to 1050
$1051 to 1075
$1076 to 1100
$1101 to 1125
$1126 to 1150
$1151 to 1175
$1176 to 1200
$1201 to 1225
$1226 to 1250
$1251 to 1275
$1276 to 1300
$1301 to 1325
$1326 to 1350
$1351 to 1375
$1376 to 1400
$1401 to 1425
$1426 to 1450
$1451 to 1475
$1476 to 1400
$1501 to 1525
$1526 to 1550
$1551 to 1575
$1576 to 1500
$1601 to 1625
$1626 to 1650
$1651 to 1675
$1676 to 1600
$1701 to 1725
$1726 to 1750
$1751 to 1775
$1776 to 1800
$1801 to 1825
$1826 to 1850
$1851 to 1875
$1876 to 1900
$1901 to 1926
$1926 to 1950
$1951 to 1975
$1976 to 2000
$2000 and up
TOTALS

Vacant

Efficiencies

One Bedroom

Total

Total

Percent Vacant
3

0.0%

0.0%

6
1
1

0.0%
0.0%
0.0%

3
3

0.0%
0.0%

Two Bedroom

One Bathroom

Percent Vacant

Total

Two Bathroom

Percent Vacant

Total

Three Bedroom

Percent Vacant

Total

Total
Percent Vacant

Total

23.1%

0.0%

0.0%

0.0%

0.0%

0.0%

0.0%

0.0%

0.0%

0.0%

0.0%

0.0%

1
6
4
1
9

0.0%
0.0%
25.0%
0.0%
11.1%

9
14
11

0.0%
14.3%
0.0%

0.0%

0.0%

4
21
1
2

0.0%
4.8%
0.0%
0.0%

2
8

0.0%
0.0%

0.0%

129

10.1%

0.0%

91
351

5.5%
7.4%

23.1%

0.0%

0.0%

33.3%

11.1%

8
11
8

0.0%
18.2%
0.0%

0.0%

13

21

Percent

13

13

4
19

0.0%
5.3%

0.0%
2

0.0%

0.0%

0.0%

0.0%

129

10.1%

0.0%

216

9.7%

0.0%

1
1

0.0%

0.0%

0.0%

Total

21

Other

Percent Vacant

0.0%

13

16

5
5

0.0%

Data is only for buildings with a Certificate of Occupancy. Rents are calculated as if units are unfurnished.

VI-24

84
87

6.0%
5.7%

7
11

0.0%
0.0%

5
26

Vacancy Rates During the Current Quarter


Denver - Northeast

Rent Level
$000 to $225
$226 to $250
$251 to $275
$276 to $300
$301 to $325
$326 to $350
$351 to $375
$376 to $400
$401 to $425
$426 to $450
$451 to $475
$476 to $500
$501 to $525
$526 to $550
$551 to $575
$576 to $600
$601 to $625
$626 to $650
$651 to $675
$676 to $700
$701 to $725
$726 to $750
$751 to $775
$776 to $800
$801 to $825
$826 to $850
$851 to $875
$876 to $900
$901 to $925
$926 to $950
$951 to $975
$976 to $1000
$1001 to 1025
$1026 to 1050
$1051 to 1075
$1076 to 1100
$1101 to 1125
$1126 to 1150
$1151 to 1175
$1176 to 1200
$1201 to 1225
$1226 to 1250
$1251 to 1275
$1276 to 1300
$1301 to 1325
$1326 to 1350
$1351 to 1375
$1376 to 1400
$1401 to 1425
$1426 to 1450
$1451 to 1475
$1476 to 1400
$1501 to 1525
$1526 to 1550
$1551 to 1575
$1576 to 1500
$1601 to 1625
$1626 to 1650
$1651 to 1675
$1676 to 1600
$1701 to 1725
$1726 to 1750
$1751 to 1775
$1776 to 1800
$1801 to 1825
$1826 to 1850
$1851 to 1875
$1876 to 1900
$1901 to 1926
$1926 to 1950
$1951 to 1975
$1976 to 2000
$2000 and up
TOTALS

Efficiencies

One Bedroom

Total

Total

Vacant

Percent Vacant

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Percent Vacant

Total

2
19

68

642

160

74

68

4.4%

2.7%

152

2.6%

51

1561

Other

Percent Vacant

Total

Total
Percent Vacant

12

0.0%
0.0%
0.0%
0.0%
3.1%

25.0%

1
64

0.0%
7.8%

80

0.0%

34

0.0%
14

0.0%

22

Percent

0.0%

642

3.0%

12
5

4
244
1
1
384
160

0.0%
1.2%
0.0%
0.0%
3.1%
3.1%

25.0%

3
5
12

75
98
462

4.0%
5.1%
2.6%

17

0.0%

128

4.7%

6
4

145
152

4.1%
2.6%

18

0.0%

11
10

171
244

6.4%
4.1%

11
10

171
262

6.4%
3.8%

64

6.3%

12
73
64
126

33.3%
5.5%
6.3%
2.4%

33.3%
5.5%

3.3%

Total

0.0%

4
96
1
1
384

Total

19

4.1%

448

12
73

Three Bedroom

Percent Vacant

3.1%

12

4
4

Total

3.0%

4.4%

Percent Vacant

656

3.4%

126

2.4%

4
4
4
3

80

3.8%

80

3.8%

12

58.3%

72

11.1%

48

913

5.3%

Data is only for buildings with a Certificate of Occupancy. Rents are calculated as if units are unfurnished.

VI-25

2
3

31
80

6.5%
3.8%

2
3

31
80

6.5%
3.8%

32

3.1%

44

18.2%

72

11.1%

130

3389

3.8%

177

3.4%

14

0.0%

Vacancy Rates During the Current Quarter


Denver - Northwest

Rent Level
$000 to $225
$226 to $250
$251 to $275
$276 to $300
$301 to $325
$326 to $350
$351 to $375
$376 to $400
$401 to $425
$426 to $450
$451 to $475
$476 to $500
$501 to $525
$526 to $550
$551 to $575
$576 to $600
$601 to $625
$626 to $650
$651 to $675
$676 to $700
$701 to $725
$726 to $750
$751 to $775
$776 to $800
$801 to $825
$826 to $850
$851 to $875
$876 to $900
$901 to $925
$926 to $950
$951 to $975
$976 to $1000
$1001 to 1025
$1026 to 1050
$1051 to 1075
$1076 to 1100
$1101 to 1125
$1126 to 1150
$1151 to 1175
$1176 to 1200
$1201 to 1225
$1226 to 1250
$1251 to 1275
$1276 to 1300
$1301 to 1325
$1326 to 1350
$1351 to 1375
$1376 to 1400
$1401 to 1425
$1426 to 1450
$1451 to 1475
$1476 to 1400
$1501 to 1525
$1526 to 1550
$1551 to 1575
$1576 to 1500
$1601 to 1625
$1626 to 1650
$1651 to 1675
$1676 to 1600
$1701 to 1725
$1726 to 1750
$1751 to 1775
$1776 to 1800
$1801 to 1825
$1826 to 1850
$1851 to 1875
$1876 to 1900
$1901 to 1926
$1926 to 1950
$1951 to 1975
$1976 to 2000
$2000 and up
TOTALS

Efficiencies

One Bedroom

Total

Total

Vacant

Percent Vacant

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Percent Vacant

Total

Percent Vacant

Total

Three Bedroom

Percent Vacant

Total

Other

Percent Vacant

Total

100.0%

0.0%

5.9%

12

0.0%

0.0%

0.0%

0.0%

0.0%

0.0%

1
20

0.0%
5.0%

0.0%
1

0.0%

0.0%

32

0.0%

32

0.0%

74

1.4%

74

1.4%

0.0%

0.0%

3
17

0.0%
5.9%

21
20
12
51
2

9.5%
10.0%
0.0%
3.9%
0.0%

3
12
76

0.0%
0.0%
0.0%

0.0%

42
1

0.0%
0.0%

16

1
217

0.0%
7.4%

50
76

354
987

14.1%
7.7%

3
17

0.0%
5.9%

21

9.5%

2
2

44

4.5%

12
7
2

0.0%
0.0%
0.0%

0.0%

11

0.0%

0.0%
0.0%

0.0%

0.0%
0.0%
1

4.3%

0.0%

92

0.0%
0.0%
0.0%

100.0%

0.0%

65

42

3
1
4

10.0%
2

0.0%

0.0%
0.0%
0.0%

2
20

0.0%

Percent

3
1
3

1
17

Total

0.0%

Total
Percent Vacant

16

217

7.4%

7
26

133
583

5.3%
4.5%

1
2

12
78

8.3%
2.6%

42
44

Data is only for buildings with a Certificate of Occupancy. Rents are calculated as if units are unfurnished.

VI-26

208
231

0.0%

20.2%
19.0%

1
2

0.0%
0.0%

0.0%

Vacancy Rates During the Current Quarter


Denver - South Central/Wash Park

Efficiencies
Rent Level
$000 to $225
$226 to $250
$251 to $275
$276 to $300
$301 to $325
$326 to $350
$351 to $375
$376 to $400
$401 to $425
$426 to $450
$451 to $475
$476 to $500
$501 to $525
$526 to $550
$551 to $575
$576 to $600
$601 to $625
$626 to $650
$651 to $675
$676 to $700
$701 to $725
$726 to $750
$751 to $775
$776 to $800
$801 to $825
$826 to $850
$851 to $875
$876 to $900
$901 to $925
$926 to $950
$951 to $975
$976 to $1000
$1001 to 1025
$1026 to 1050
$1051 to 1075
$1076 to 1100
$1101 to 1125
$1126 to 1150
$1151 to 1175
$1176 to 1200
$1201 to 1225
$1226 to 1250
$1251 to 1275
$1276 to 1300
$1301 to 1325
$1326 to 1350
$1351 to 1375
$1376 to 1400
$1401 to 1425
$1426 to 1450
$1451 to 1475
$1476 to 1400
$1501 to 1525
$1526 to 1550
$1551 to 1575
$1576 to 1500
$1601 to 1625
$1626 to 1650
$1651 to 1675
$1676 to 1600
$1701 to 1725
$1726 to 1750
$1751 to 1775
$1776 to 1800
$1801 to 1825
$1826 to 1850
$1851 to 1875
$1876 to 1900
$1901 to 1926
$1926 to 1950
$1951 to 1975
$1976 to 2000
$2000 and up
TOTALS

Vacant

Total

One Bedroom

Percent Vacant

Total

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Percent Vacant

Total

Percent Vacant

Total

Three Bedroom

Percent Vacant

Total

Other

Percent Vacant

Total

0.0%

40

0.0%

0.0%

0.0%

1
6
6

0.0%

34

0.0%

9
4

0.0%

0.0%

0.0%

40

0.0%

34

0.0%

17
154
31

5.9%
3.9%
19.4%

30

0.0%

17
154
26

5.9%
3.9%
23.1%

29

0.0%

29

0.0%

10
10

0.0%
0.0%

20
11

20.0%
0.0%

10
10
82
20
12

0.0%
0.0%
6.1%
20.0%
0.0%

14
3
1
34

7.1%
0.0%
0.0%
0.0%

28
12
217
24
7
3

7.1%
0.0%
4.1%
16.7%
57.1%
0.0%

24

4.2%

27
10
6
172
1030

0.0%
10.0%
0.0%
4.7%
5.0%

28
12
217
24
3

1
6
6

82

6.1%

0.0%

5
4

593

7.1%

7.1%
0.0%
4.1%
16.7%
7

9
4
4

57.1%

0.0%

32

14

0.0%

0.0%

0.0%

0.0%

92

0.0%

Percent

0.0%

1
3

Total

5
4

Total
Percent Vacant

5.4%

91

7
10

9.9%

Data is only for buildings with a Certificate of Occupancy. Rents are calculated as if units are unfurnished.

VI-27

24

4.2%

27
10
6
128
209

0.0%
10.0%
0.0%
5.5%
4.8%

1
1
1

44
44

2.3%
2.3%

0.0%

8
52

Vacancy Rates During the Current Quarter


Denver - Southeast

Rent Level
$000 to $225
$226 to $250
$251 to $275
$276 to $300
$301 to $325
$326 to $350
$351 to $375
$376 to $400
$401 to $425
$426 to $450
$451 to $475
$476 to $500
$501 to $525
$526 to $550
$551 to $575
$576 to $600
$601 to $625
$626 to $650
$651 to $675
$676 to $700
$701 to $725
$726 to $750
$751 to $775
$776 to $800
$801 to $825
$826 to $850
$851 to $875
$876 to $900
$901 to $925
$926 to $950
$951 to $975
$976 to $1000
$1001 to 1025
$1026 to 1050
$1051 to 1075
$1076 to 1100
$1101 to 1125
$1126 to 1150
$1151 to 1175
$1176 to 1200
$1201 to 1225
$1226 to 1250
$1251 to 1275
$1276 to 1300
$1301 to 1325
$1326 to 1350
$1351 to 1375
$1376 to 1400
$1401 to 1425
$1426 to 1450
$1451 to 1475
$1476 to 1400
$1501 to 1525
$1526 to 1550
$1551 to 1575
$1576 to 1500
$1601 to 1625
$1626 to 1650
$1651 to 1675
$1676 to 1600
$1701 to 1725
$1726 to 1750
$1751 to 1775
$1776 to 1800
$1801 to 1825
$1826 to 1850
$1851 to 1875
$1876 to 1900
$1901 to 1926
$1926 to 1950
$1951 to 1975
$1976 to 2000
$2000 and up
TOTALS

Efficiencies

One Bedroom

Total

Total

Vacant

8
3

Percent Vacant

24

0.0%

1
1

0.0%
0.0%

55
27
6
20
11

14.5%
11.1%
0.0%
0.0%

36
8
21

72.7%
7

10

0.0%
0.0%

1
2
1
2
288
241
298
85
42
6

0.0%
0.0%
0.0%
0.0%
12.5%
3.3%
7.0%
0.0%
16.7%
0.0%

195

Two Bedroom
Two Bathroom

Percent Vacant

103
1

186

Two Bedroom
One Bathroom
Total

212

Percent Vacant

Total

2
2
1
2
3

0.0%
0.0%
0.0%
0.0%
33.3%

13

7
180

0.0%
7.2%

48

0.0%

10

120

8.3%

12

692

1.7%

2
110

Total

0.0%
5.5%

22.2%

22
24

0.0%
0.0%

56

0.0%

85
40

5.9%
0.0%

34

5.9%

134

3.7%

145

13.1%

110

2311

4.8%

29

791

Other
Total

Total
Percent Vacant

Total

0.0%

0.0%

0.0%

0.0%

13
1
4

0.0%
0.0%
0.0%

148

6.1%

0.0%

5
8
3
36
8
22
8
7

10

149

3.7%

13
10
10

6.7%
1
8

0.0%
0.0%

21

Percent

24

0.0%

104
2

0.0%
0.0%

213
136
58
32
295
264
301
97
42
15
180
199
150
4
3
461

0.0%
3.7%
13.8%
9.4%
12.2%
3.0%
7.3%
8.2%
16.7%
0.0%
7.2%
5.0%
6.7%
0.0%
0.0%
4.6%

1
57
40
323
45
692
84
56

0.0%
3.5%
0.0%
9.3%
8.9%
1.7%
11.9%
0.0%

20
4

40
176
20

0.0%
11.4%
20.0%

10

83

12.0%

50

8.0%

5
4

85
90

5.9%
4.4%

145

2.1%

2
3

34
145

5.9%
2.1%

6
31

96
746

6.3%
4.2%

6
31

19
96
746

0.0%
6.3%
4.2%

92

1662

5.5%

260

5093

5.1%

5
1
1

19

19

Percent Vacant

0.0%

5.4%

3.1%

Three Bedroom

Percent Vacant

Data is only for buildings with a Certificate of Occupancy. Rents are calculated as if units are unfurnished.

VI-28

10

169

0.0%
0.0%

0.0%

30
4
12
10

0.0%

5.9%

15

0.0%

Vacancy Rates During the Current Quarter


Denver - Southwest

Rent Level
$000 to $225
$226 to $250
$251 to $275
$276 to $300
$301 to $325
$326 to $350
$351 to $375
$376 to $400
$401 to $425
$426 to $450
$451 to $475
$476 to $500
$501 to $525
$526 to $550
$551 to $575
$576 to $600
$601 to $625
$626 to $650
$651 to $675
$676 to $700
$701 to $725
$726 to $750
$751 to $775
$776 to $800
$801 to $825
$826 to $850
$851 to $875
$876 to $900
$901 to $925
$926 to $950
$951 to $975
$976 to $1000
$1001 to 1025
$1026 to 1050
$1051 to 1075
$1076 to 1100
$1101 to 1125
$1126 to 1150
$1151 to 1175
$1176 to 1200
$1201 to 1225
$1226 to 1250
$1251 to 1275
$1276 to 1300
$1301 to 1325
$1326 to 1350
$1351 to 1375
$1376 to 1400
$1401 to 1425
$1426 to 1450
$1451 to 1475
$1476 to 1400
$1501 to 1525
$1526 to 1550
$1551 to 1575
$1576 to 1500
$1601 to 1625
$1626 to 1650
$1651 to 1675
$1676 to 1600
$1701 to 1725
$1726 to 1750
$1751 to 1775
$1776 to 1800
$1801 to 1825
$1826 to 1850
$1851 to 1875
$1876 to 1900
$1901 to 1926
$1926 to 1950
$1951 to 1975
$1976 to 2000
$2000 and up
TOTALS

Vacant

Efficiencies

One Bedroom

Total

Total

Percent Vacant

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Percent Vacant

Total

Percent Vacant

Total

Three Bedroom

Percent Vacant

23
4
7
119
18
18
10
1

0.0%
0.0%
0.0%
1.7%
0.0%
5.6%
30.0%
0.0%

3
2

44
96
44

0.0%
3.1%
4.5%

1
5
6

96
120
34

1.0%
4.2%
17.6%

10
14

168
254
148

6.0%
0.0%
9.5%

38

5.3%

48

8.3%

100

6.0%

108
60

1.9%
0.0%

11

132

8.3%

108

12
8

57
294
148

2
1
3

Total

1304

4.1%

Total

Total
Percent Vacant

Total

8
11

0.0%
0.0%
0.0%
1.7%
0.0%
2.1%
30.0%
0.0%
0.0%
0.0%
0.0%
0.0%
1.7%
2.9%
3.4%
0.0%
3.6%
4.3%
15.4%
1.4%
5.8%
0.0%
8.8%
0.0%
3.8%
5.7%

1.9%

108

1.9%

0.0%
4.1%
5.4%

12
8

57
294
148

0.0%
4.1%
5.4%

24

12.5%

16

0.0%

16
2644

6.3%
4.1%

2
30

25.0%

84

4.8%

70

1.4%

2
3
2
9
9
10
8
14
9
15
4

10

364

2.7%

40

Data is only for buildings with a Certificate of Occupancy. Rents are calculated as if units are unfurnished.

VI-29

872

Percent

23
4
7
119
18
48
10
3
3
2
9
9
58
104
58
9
111
210
39
70
172
255
239
1
208
192

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
20.0%
0.0%

4.6%

0.0%

1
3

1
3
2

53

Other

Percent Vacant

1
5

2
5

0.0%
0.0%

4
1
5
1

0.0%
0.0%
20.0%
0.0%

24

12.5%

16

0.0%

16
74

6.3%
6.8%

4
9
6
1
10
21

30

0.0%

1
108

Vacancy Rates During the Current Quarter


Denver - West Central

Efficiencies
Rent Level
$000 to $225
$226 to $250
$251 to $275
$276 to $300
$301 to $325
$326 to $350
$351 to $375
$376 to $400
$401 to $425
$426 to $450
$451 to $475
$476 to $500
$501 to $525
$526 to $550
$551 to $575
$576 to $600
$601 to $625
$626 to $650
$651 to $675
$676 to $700
$701 to $725
$726 to $750
$751 to $775
$776 to $800
$801 to $825
$826 to $850
$851 to $875
$876 to $900
$901 to $925
$926 to $950
$951 to $975
$976 to $1000
$1001 to 1025
$1026 to 1050
$1051 to 1075
$1076 to 1100
$1101 to 1125
$1126 to 1150
$1151 to 1175
$1176 to 1200
$1201 to 1225
$1226 to 1250
$1251 to 1275
$1276 to 1300
$1301 to 1325
$1326 to 1350
$1351 to 1375
$1376 to 1400
$1401 to 1425
$1426 to 1450
$1451 to 1475
$1476 to 1400
$1501 to 1525
$1526 to 1550
$1551 to 1575
$1576 to 1500
$1601 to 1625
$1626 to 1650
$1651 to 1675
$1676 to 1600
$1701 to 1725
$1726 to 1750
$1751 to 1775
$1776 to 1800
$1801 to 1825
$1826 to 1850
$1851 to 1875
$1876 to 1900
$1901 to 1926
$1926 to 1950
$1951 to 1975
$1976 to 2000
$2000 and up
TOTALS

Vacant

One Bedroom

Total Percent Vacant

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Total Percent Vacant

Total Percent Vacant

Three Bedroom

Total Percent Vacant

Total Percent Vacant

Other

Total

Total Percent Vacant

Total Percent

9 22.2%

9 22.2%

108

0.9%

118

0.0%
24

48

5 20.0%

8.3%

57 10.5%

0.9%

118
24

0.0%
0.0%

5 20.0%

48

8.3%

209

2.9%

209

2.9%

68

5.9%

68

5.9%

121

2.5%

121

2.5%

61

4.9%

61

4.9%

63

4.8%

0.0%

108

11

385

2.9%

8 25.0%

308

2.6%

Data is only for buildings with a Certificate of Occupancy. Rents are calculated as if units are unfurnished.

VI-30

1
1

0.0%
0.0%

55

1.8%

60

3.3%

6
6

36 16.7%
60 10.0%

6
33

37 16.2%
871
3.8%

DEFINITION OF DENVER COUNTY MARKET AREAS AND CENSUS TRACTS

Market Area Boundaries:


Denver-Central

North: Twelfth Avenue and Colfax; East: Colorado Blvd.; South:


Alameda; West: Washington and Broadway

Denver-Downtown

North: Wewatta/Wynkoop Streets; East: Washington, Welton, Downing,


38th; South: Twelfth; West: Osage/5th Street, including Golden Triangle
(Broadway on east and Speer Blvd. on west and south)

Denver-E. Central

North: Colfax; East: City and County of Denver line; South: Alameda;
West: Colorado Blvd.

Denver-Far S.E.

North: Evans and Iliff; East and South: City and County of Denver
boundary; West: Colorado Blvd.

Denver - N. Central

North: City and County Denver boundary; East: Colorado Blvd.; South:
th
Twelfth and Colfax; West: Washington, Welton, Downing, 38 Street,
I-25

Denver-Northeast

North and East: City and County of Denver line; South: Colfax; West:
Colorado Blvd.

Denver-Northwest

North: City and County of Denver boundary; East: I-25; South: Colfax;
West: City and County of Denver boundary

Denver-S. Central

North: Alameda; East: Colorado Blvd.; South: City and County of


Denver line; West: Broadway

Denver-Southeast

North: Alameda; East: City and County of Denver line; South:


Evans/Iliff; West: Colorado Blvd. except for the City of Glendale

Denver-Southwest

North: Alameda; East: Broadway; South and West: City and County of
Denver boundary

Denver-W Central

North: Colfax and Twelfth; East: I-25 and Broadway; South: Alameda;
West: City and County of Denver line

Census Tracts:
Denver - Central

27.02, 27.03, 28.01, 28.02, 28.03, 32.01, 32.02, 32.03, 33.00, 37.02,
37.03, 38.00

Denver - Downtown

15.00 (pt), 16.00 (pt), 17.01, 17.02, 19.00 (pt), 20.00, 24.01 (pt), 25.00,
26.01, 26.02 (pt), 27.01

Denver- East Central

43.01, 43.02, 43.03, 43.04, 43.05, 44.01, 44.02

Denver- Far Southeast

40.03, 40.04, 67.01, 67.51, 68.02, 68.04, 68.09, 68.10. 68.11, 68.12,
68.14, 68.53, 70.06

Denver- North Central

16.00 (pt), 23.00, 24.01 (pt), 24.02, 26.02, 31.01, 31.02, 35.00, 36.01,
36.02, 36.03, 37.01

Denver-Northeast

41.01, 41.02, 41.03, 41.04, 41.05, 42.01, 42.02, 44.01 (pt), 83.04,
83.05, 83.06, 83.11, 83.12

Denver-Northwest

1.01, 1.02, 2.01, 2.02, 3.01, 3.02, 3.03, 4.01, 4.02, 5.01, 5.02, 6.00,
7.01 (pt), 7.02 (pt), 11.01, 11.02, 106.01

Denver-South Central

29.01, 29.02, 30.01, 30.02, 30.03, 30.04, 30.5, 39.01, 39.02, 40.02,
40.05, 40.06

Denver-Southeast

49.00, 50.1, 50.2, 51.02, 51.03, 51.04, 52.00, 53.00, 53.96, 69.01,
69.51, 70.13, 70.36, 70.37

Denver-Southwest

13.01, 13.02, 14.01, 14.02, 45.01, 45.02, 46.01, 46.02, 46.03, 47.00,
48.01, 48.02, 54.02, 55.02, 55.03, 119.02, 120.01, 120.10

Denver-West Central

7.01(pt), 7.02 (pt), 8.00, 9.01, 902, 9.03, 10.00, 18.00, 19.00 (pt), 21.00

Section VII - Douglas County


Table of Contents
Graphs
Vacancy Rate by Quarter
Average Rent by Quarter
Vacancy Rate by Market Area by Quarter
Average Rent by Market Area by Apartment Type
Vacancy Rate by Age of Building
Vacancy Rate by Size of Building
Rent per Square Foot by Apartment Type
Rent per Square Foot by Apartment Unit Size
Estimate of Total Apartments by Year
New Apartment Units Added by Year
Vacancy Rates by Market Area by Apartment Type
Vacancy Rate by Apartment Type by Quarter
Median Rent by Apartment Type by Quarter
Average Rent by Size of Building by Quarter

VII-1
VII-1
VII-2
VII-2
VII-3
VII-3
VII-4
VII-4
VII-5
VII-5
VII-6
VII-6
VII-7
VII-7

Tables
Vacancy Rates by Market Area
Vacancy Rates by Size of Building by Market Area
Vacancy Rates by Size of Apartment Unit by Market Area
Vacancy Rates by Age of Building by Market Area
Vacancy Rates by Apartment Type by Market Area

VII-8
VII-9
VII-9
VII-10
VII-10

Average Rents by Apartment Type by Market Area


Average Rents by Age of Building by Market Area
Average Rents by Size of Building by Market Area
Median Rents by Apartment Type by Market Area

VII-11
VII-11
VII-12
VII-12

Average Rent per Square Foot by Apartment Type by Market Area


Average Rent per Square Foot by Apartment Unit Size by Market Area

VII-13
VII-13

Rental Losses by Size, Age and Market Area


Economic Vacancy Rates by Size, Age and Market Area

VII-14
VII-14

Average Rents for Douglas County


Average Rent for Apartment Building/Community Features and Amenities

VII-15
VII-16

Apartment Unit Absorption by Quarter and Year


Estimate of New Apartments by Quarter
Monthly Resident Turnover by Size, Age and Market Area

VII-17
VII-17
VII-18

Vacancy Rates During the Current Quarter - Douglas County Cumulative Totals
Vacancy Rates During the Current Quarter - Castle Rock
Vacancy Rates During the Current Quarter - Douglas - North

VII-19
VII-20
VII-21

Market Area Descriptions and Census Tracts

VII-22

96 Q1
96 Q2
96 Q3
96 Q4
97 Q1
97 Q2
97 Q3
97 Q4
98 Q1
98 Q2
98 Q3
98 Q4
99 Q1
99 Q2
99 Q3
99 Q4
00 Q1
00 Q2
00 Q3
00 Q4
01 Q1
01 Q2
01 Q3
01 Q4
02 Q1
02 Q2
02 Q3
02 Q4
03 Q1
03 Q2
03 Q3
03 Q4
04 Q1
04 Q2
04 Q3
04 Q4
05 Q1
05 Q2
05 Q3
05 Q4
06 Q1
06 Q2
06 Q3
06 Q4
07 Q1
07 Q2
07 Q3
07 Q4
08 Q1
08 Q2
08 Q3
08 Q4
09 Q1
09 Q2
09 Q3
09 Q4
10 Q1
10 Q2
10 Q3
10 Q4
11 Q1
11 Q2
11 Q3
11 Q4
12 Q1
12 Q2
12 Q3
12 Q4
13 Q1
13 Q2
13 Q3
13 Q4
14 Q1
14 Q2
14 Q3
14 Q4
15 Q1
15 Q2
15 Q3
15 Q4
16 Q1
16 Q2

800.00

98 Q1
98 Q2
98 Q3
98 Q4
99 Q1
99 Q2
99 Q3
99 Q4
00 Q1
00 Q2
00 Q3
00 Q4
01 Q1
01 Q2
01 Q3
01 Q4
02 Q1
02 Q2
02 Q3
02 Q4
03 Q1
03 Q2
03 Q3
03 Q4
04 Q1
04 Q2
04 Q3
04 Q4
05 Q1
05 Q2
05 Q3
05 Q4
06 Q1
06 Q2
06 Q3
06 Q4
07 Q1
07 Q2
07 Q3
07 Q4
08 Q1
08 Q2
08 Q3
08 Q4
09 Q1
09 Q2
09 Q3
09 Q4
10 Q1
10 Q2
10 Q3
10 Q4
11 Q1
11 Q2
11 Q3
11 Q4
12 Q1
12 Q2
12 Q3
12 Q4
13 Q1
13 Q2
13 Q3
13 Q4
14 Q1
14 Q2
14 Q3
14 Q4
15 Q1
15 Q2
15 Q3
15 Q4
16 Q1
16 Q2

Rent (in dollars)

Percent Vacant

Vacancy Rate by Quarter


for Douglas County

30

25

20

15

10

Quarter

Average Rent by Quarter


for Douglas County

1600.00

1500.00

1400.00

1300.00

1200.00

1100.00

1000.00

900.00

Quarter

VII-1

Vacancy Rate by Market Area by Quarter


for Douglas County
14
15 Q3
15 Q4

12

16 Q1
16 Q2

Percent Vacant

10

0
Castle Rock

Douglas - North

Doulgas County Average

Market Area

Average Rent by Market Area by Apartment Type


for Douglas County
2500

Rent (in dollars)

2000

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

1500

1000

500

0
Castle Rock

Douglas - North

Market Area
VII-2

Doulgas County Average

Vacancy Rate by Age of Building


for Douglas County
50
15 Q3

45

Percent Vacant

15 Q4
40

16 Q1

35

16 Q2

30
25
20
15
10
5
0
To 1939

1940-49

1950-59

1960-69

1970-79

1980-89

1990-99

2000-09

2010 up

Year Built

Vacancy Rate by Size of Building


for Douglas County
70
15 Q3
60

15 Q4
16 Q1

Percent Vacant

50

16 Q2

40

30

20

10

0
Up to 8

9 to 50

51 to 99

100 to 199

Number of Units in Building

VII-3

200 to 349

350 up

Rent per Square Foot by Apartment Type


for Douglas County
2.5

Rent per Square Foot (in dollars)

15 Q3
15 Q4
2

16 Q1
16 Q2

1.5

0.5

0
Efficiency

One Bedroom

Two Bed, One


Bath

Two Bed, Two


Bath

Three Bed

Average

Apartment Type

Rent per Square Foot by Apartment Unit Size


for Douglas County
2
15 Q3

Rent per Square Foot (in dollars)

1.8
1.6
1.4

15 Q4
16 Q1
16 Q2

1.2
1
0.8
0.6
0.4
0.2
0
499 below

500 to 749

750 to 999

Apartment Unit Size (in square feet)

VII-4

1000 above

0
96 Q1
96 Q2
96 Q3
96 Q4
97 Q1
97 Q2
97 Q3
97 Q4
98 Q1
98 Q2
98 Q3
98 Q4
99 Q1
99 Q2
99 Q3
99 Q4
00 Q1
00 Q2
00 Q3
00 Q4
01 Q1
01 Q2
01 Q3
01 Q4
02 Q1
02 Q2
02 Q3
02 Q4
03 Q1
03 Q2
03 Q3
03 Q4
04 Q1
04 Q2
04 Q3
04 Q4
05 Q1
05 Q2
05 Q3
05 Q4
06 Q1
06 Q2
06 Q3
06 Q4
07 Q1
07 Q2
07 Q3
07 Q4
08 Q1
08 Q2
08 Q3
08 Q4
09 Q1
09 Q2
09 Q3
09 Q4
10 Q1
10 Q2
10 Q3
10 Q4
11 Q1
11 Q2
11 Q3
11 Q4
12 Q1
12 Q2
12 Q3
12 Q4
13 Q1
13 Q2
13 Q3
13 Q4
14 Q1
14 Q2
14 Q3
14 Q4
15 Q1
15 Q2
15 Q3
15 Q4
16 Q1
16 Q2

2000

96 Q1
96 Q2
96 Q3
96 Q4
97 Q1
97 Q2
97 Q3
97 Q4
98 Q1
98 Q2
98 Q3
98 Q4
99 Q1
99 Q2
99 Q3
99 Q4
00 Q1
00 Q2
00 Q3
00 Q4
01 Q1
01 Q2
01 Q3
01 Q4
02 Q1
02 Q2
02 Q3
02 Q4
03 Q1
03 Q2
03 Q3
03 Q4
04 Q1
04 Q2
04 Q3
04 Q4
05 Q1
05 Q2
05 Q3
05 Q4
06 Q1
06 Q2
06 Q3
06 Q4
07 Q1
07 Q2
07 Q3
07 Q4
08 Q1
08 Q2
08 Q3
08 Q4
09 Q1
09 Q2
09 Q3
09 Q4
10 Q1
10 Q2
10 Q3
10 Q4
11 Q1
11 Q2
11 Q3
11 Q4
12 Q1
12 Q2
12 Q3
12 Q4
13 Q1
13 Q2
13 Q3
13 Q4
14 Q1
14 Q2
14 Q3
14 Q4
15 Q1
15 Q2
15 Q3
15 Q4
16 Q1
16 Q2

Number of Apartment Units

Number of Apartment Units

Estimate of Total Apartments by Year


for Douglas County

14000

12000

10000

8000

6000

4000

Year

New Apartment Units Added by Year


for Douglas County

1200

1000
958
909

800
696
780

600

0
662

400

342336

200

220

31 16
4
4

00

202

100 0 0
637

422

357340

382
325 325

274

168

126

133

80

00000

VII-5

0000000

Year

370

421

270

210 210

137
88

00

00

00000000

232

62

00

83
60 48
000

221
216

74

122

00

Vacancy Rates by Market Area by Apartment Type


for Douglas County
10
9
8

Percent Vacant

Efficiency
One bedroom
Two bed, one bath
Two bed, two bath
Three bedroom
All

6
5
4
3
2
1
0
Castle Rock

Douglas - North

Douglas County Average

Market Area

Vacancy Rate by Apartment Type by Quarter


for Douglas County
16
15 Q3

14

15 Q4
16 Q1

Percent Vacant

12

16 Q2

10
8
6
4
2
0
Efficiency

One Bedroom

Two Bed, One Bath Two Bed, Two Bath

Apartment Type

VII-6

Three Bed

Average

Median Rent by Apartment Type by Quarter


for Douglas County
2500
15 Q3
15 Q4
16 Q1

2000

Rent (in dollars)

16 Q2

1500

1000

500

0
Efficiency

One Bedroom

Two Bed, One BathTwo Bed, Two Bath

Three Bed

Average

Apartment Type

Average Rent by Size of Building


for Douglas County
1800
$1,542.92

1600

Rent (in dollars)

1400
1200
1000
800
600
400
200
$0.00

$0.00

$0.00

Up to 6 units

7 - 36 units

0
37 + units

Size of Building

VII-7

5 Story or More

Vacancy Rates by Market Area for Douglas County


First Figure = Rate for Quarter in Percent
Second Figure = Change from Year Ago
Third Figure = Twelve Month Average
2006
County
Castle Rock

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

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

1st

2nd

3rd

4th

1st

2nd

6.4

6.6

8.0

5.4

7.3

6.7

6.9

7.7

7.9

8.5 11.0

6.3

4.6

5.2

5.7

5.2

4.2

4.4

5.5

3.6

2.9

2.4

4.6

4.1

1.4

1.5

1.9

1.7

2.3

3.1

3.3

3.3

1.9

1.2

6.8

2.9

4.9

5.9

7.3

-3.6 -6.7 -3.4 -4.6 -7.1 -5.9 -4.7 -3.1 -5.6 -2.7 -2.9

9.4
2.3

2.0

4.4

-1.7

-1.3

-0.2

-5.2

-1.1

-0.4

-0.7

-0.2

-1.5

-1.3

-2.0

-0.9

0.4

-1.4

-1.0

0.0

-2.4

0.9

1.7

1.4

1.6

-0.4

-1.9

3.5

-0.4

3.0

8.7

7.7

7.0

6.7

6.5

6.7

6.3

6.7

7.0

7.1

7.5

8.0

8.4

9.2

8.8

7.6

6.8

5.4

5.2

5.1

4.9

4.8

4.4

4.1

3.6

3.4

3.4

2.3

2.1

2.2

1.6

1.8

2.3

2.6

3.0

2.9

2.4

3.3

3.2

4.0

6.4

7.2

6.0

5.8

5.6

6.9

6.0

8.6

5.7

7.3

6.9

4.9

3.9

4.9

4.2

3.8

4.3

5.1

5.4

3.7

3.7

4.6

5.0

4.1

4.5

8.0

6.8

3.1

3.9

5.6

4.0

4.0

3.8

4.2

4.7

3.5

4.7

9.6

12.0

7.9

3.3 -0.8 -0.1 -0.5 -0.6 -2.5 -2.3

-1.7

-2.0

-1.2

0.3

1.1

-0.1

-0.6

-0.6

-0.4

0.4

0.7

3.4

1.8

-1.1

-0.6

0.0

-2.8

0.9

-0.2

-1.4

0.7

-0.5

1.0

5.5

7.3

4.4

Douglas - North

-2.6 -2.1 -1.4

0.5 -1.0 -2.3 -1.5

6.7

6.6

6.2

6.3

6.1

6.1

6.1

6.8

6.8

6.9

7.1

6.2

5.7

5.1

4.5

4.2

4.3

4.4

4.7

4.6

4.5

4.4

4.3

4.4

4.5

5.4

5.6

4.4

4.4

4.8

4.1

4.4

4.3

4.0

4.2

4.0

4.3

5.6

7.5

8.6

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

7.7

6.5

2.9

3.5

5.0

3.7

3.8

3.7

4.0

4.5

3.4

4.4

9.3

11.2

7.7

0.1 -0.9 -1.1 -2.1

2.6 -0.5

0.4

0.7

0.0 -1.2 -1.5

-1.7

-4.5

-1.5

-0.3

0.9

-0.1

-0.6

-0.5

-0.5

0.1

0.3

3.1

1.6

-1.0

-0.6

0.0

-2.8

0.8

0.2

-1.0

0.8

-0.4

0.7

5.3

6.7

4.3

6.4

6.7

6.9

7.2

6.5

5.0

4.5

4.5

4.5

4.7

4.7

4.5

4.4

4.3

4.3

4.4

5.2

5.2

4.1

4.1

4.5

3.8

4.0

4.0

3.8

4.0

3.9

4.1

5.4

7.1

8.2

Douglas County

-1.1 -1.1 -1.8


7.1

6.8

6.4

6.2

6.2

6.1

6.8

6.1

5.7

Due to rounding of the vacancy rate, numbers may not always add exactly.

VII-8

3rd

4th

Vacancy Rates by Size of Building


by Market Area for Douglas County

Vacancy Rates by Size of Apartment Unit


by Market Area for Douglas County

(In Percent)

(In Percent)

County
Castle Rock

Number of
Units

Up to 8
9 to 50
51 to 99
100 to199
200 to 349
350 up
Douglas - North Up to 8
9 to 50
51 to 99
100 to 199
200 to 349
350 up
Douglas
Up to 8
County
9 to 50
51 to 99
100 to 199
200 to 349
350 up

2016

2015
3rd

1.2

6.7
3.7

5.4
3.7

4th

6.8

5.4
12.5

5.7
12.5

1st

2.9

3.7
66.1
7.9
11.8

3.7
66.1
7.0
11.8

2nd

2015

2016

Square Feet in
Unit

3rd

4th

1st

2nd

499 below
500 to 749
750 to 999
1000 above

1.0
1.1
1.4

7.5
3.6
9.0

2.0
2.9
3.5

5.8
3.9
4.5

Douglas North

499 below
500 to 749
750 to 999
1000 above

5.1
4.4
5.0

41.8
4.9
10.6

36.7
7.9
12.6

22.0
4.9
8.6

Douglas
County

499 below
500 to 749
750 to 999
1000 above

2.7
4.2
4.7

30.8
4.8
10.5

27.9
7.6
11.9

18.0
4.9
8.6

County
Castle Rock

3.8
5.9

31.1
5.8
8.4

17.6
5.8
8.4

VII-9

Vacancy Rates by Age of Building


by Market Area for Douglas County

Vacancy Rates by Apartment Type


by Market Area for Douglas County

(In Percent)

(In Percent)

Douglas - North

Douglas County

Year
To 1939
1940-49
1950-59
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1939
1940-49
1950-59
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1939
1940-49
1950-59
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up

3rd

0.0
1.7

5.0
5.9
4.0
6.7

5.0
5.5
3.7
6.7

County

2016

2015
County
Castle Rock

4th

10.0
5.6

5.4
6.2
5.1
43.8

5.4
6.5
5.2
43.8

1st

4.5
2.3

3.7
7.9
5.8
5.5
44.8

3.7
7.9
5.7
5.1
44.8

2nd

3.8
5.9

5.9
4.8
4.2
26.4

5.3
4.9
4.2
26.4

VII-10

Apartment Type
Castle Rock
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
Other
All

2016

2015
3rd

4th

1st

2nd

1.3
0.6
1.0
3.6

5.5
4.7
6.2
23.2

1.6
4.1
2.4
8.9

5.8
6.4
3.8
0.0
4.9

Douglas - North
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
Other
All

2.1
4.5
4.2
4.8
6.8
0.0

0.0
9.6
4.9
11.4
9.2
0.0

7.2
13.2
2.8
13.0
14.1
23.1

2.4
8.0
3.2
9.3
7.2
0.0
7.9

Douglas County
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
Other
All

2.1
4.3
3.7
4.4
6.5
0.0

0.0
9.2
4.8
10.9
10.4
0.0

7.2
12.3
3.0
12.1
13.7
23.1

2.4
7.9
3.3
9.0
7.1
0.0
7.7

Average Rents by Apartment Type


by Market Area for Douglas County

Average Rents by Age of Building


by Market Area for Douglas County

(In Dollars)

(In Dollars)

2015
3rd

2016
4th

1st

2nd

County
Castle Rock
Efficiency
1145.86 1059.95 1138.90 1032.34
1 Bed
1316.33 1230.26 1347.72 1186.00
2 Bed, 1 Bath
1446.32 1394.50 1483.90 1306.50
2 Bed, 2 Bath
1711.43 1639.07 1641.64 1493.00
3 Bed
1325.21 1251.98 1337.31 1167.25
All
Douglas - North
1040.00 1030.00 1110.23 1225.59
Efficiency
1279.87 1270.05 1314.28 1365.22
1 Bed
1478.75 1468.37 1418.50 1518.65
2 Bed, 1 Bath
1669.15 1604.90 1681.17 1702.09
2 Bed, 2 Bath
1945.73 1953.11 1996.13 2125.88
3 Bed
1494.72 1466.08 1507.38 1560.89
All
Douglas County
1040.00 1030.00 1110.23 1225.59
Efficiency
1268.93 1252.74 1301.34 1349.18
1 Bed
1453.96 1430.15 1407.56 1501.93
2 Bed, 1 Bath
1649.07 1585.83 1664.34 1682.64
2 Bed, 2 Bath
1924.90 1925.37 1967.81 2118.03
3 Bed
1478.84 1445.79 1492.60 1542.92
All
Rents are based on the units being unfurnished with tenants
paying electricity and gas.

Year Built
County
Castle Rock

2015
3rd

2016
4th

1st

2nd

To 1959
1960-69
1970-79
1980-89
1140.25
1990-99
1210.68 1122.64 1234.47 1190.07
2000-09
1366.92 1299.09 1374.77
2010 up
Douglas - North
To 1959
1960-69
1970-79
830.00
1980-89
1348.39 1370.08 1373.14 1383.22
1990-99
1598.26 1526.50 1548.20 1635.25
2000-09
1448.20 1427.96 1499.82 1519.77
2010 up
1613.73 1492.75 1514.21 1588.23
Douglas County
To 1959
1960-69
1970-79
830.00
1980-89
1348.39 1370.08 1373.14 1306.62
1990-99
1567.03 1496.41 1524.90 1602.09
2000-09
1439.20 1410.68 1483.62 1519.77
2010 up
1613.73 1492.75 1514.21 1588.23
Rents are based on units being unfurnished with tenants paying gas and
electricity.

Average rents do not reflect "rental losses" from discounts and


concessions.

Average rents do not reflect "rental losses" from discounts and concessions.

Average rent minus rental losses equals effective rent.

Average rent minus rental losses equals effective rent.

VII-11

Average Rents by Size of Building by Market Area


for Douglas County

Median Rents by Apartment Type by Market Area


for Douglas County

(In Dollars)

(In Dollars)

Number of Units
Castle Rock
Up to 8
9 to 50
51 to 99
100 to 199
200 to 349
350 and up
Douglas - North
Up to 8
9 to 50
51 to 99
100 to 199
200 to 349
350 and up
Douglas County
Up to 8
9 to 50
51 to 99
100 to 199
200 to 349
350 and up

2015
3rd

1325.21

1633.10
1422.86

1561.62
1422.86

2016
4th

1251.98

1542.19
1414.23

1482.61
1414.23

1st

1337.31

830.00
1540.80
1566.94
1470.25

830.00
1540.80
1522.86
1470.25

2015
2nd

County
Castle Rock
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Douglas - North
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Douglas County
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All

1140.25
1190.07

1538.76
1623.32
1517.16

1341.63
1597.41
1517.16

2016

3rd

4th

1st

2nd

1141.56
1354.18
1440.44
1671.00
1339.46

1040.38
1260.18
1440.44
1671.00
1243.50

1158.48
1379.31
1440.44
1596.00
1361.00

1038.00
1188.00
1300.00
1488.00
1182.38

1038.00
1223.28
1506.05
1645.29
1907.00
1477.43

1038.00
1201.77
1391.56
1519.92
1788.00
1407.29

996.75
1285.94
1381.19
1621.07
1883.71
1463.94

1171.75
1329.24
1490.35
1662.69
2010.61
1520.69

1038.00
1216.09
1443.26
1547.65
1889.71
1442.40

1038.00
1194.58
1372.65
1504.24
1748.18
1392.50

996.75
1278.18
1380.31
1610.03
1845.36
1440.41

1171.75
1322.09
1487.59
1657.78
2009.68
1497.97

Rents reflect units being unfurnished with tenants paying gas and electricity.

Rents are based on units being unfurnished with tenants paying gas and
electricity.

Average rents do not reflect "rental losses" from discounts and concessions.

Average rents do not reflect "rental losses" from discounts and concessions.

Average rent minus rental losses equals effective rent.

Average rent minus rental losses equals effective rent.

VII-12

Average Rent per Square Foot by Apartment


Type by Market Area for Douglas County

Average Rent per Square Foot by Apartment


Unit Size by Market Area for Douglas County

(In Dollars)

(In Dollars)

County
Apartment Type
Castle Rock
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Douglas - North
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Douglas County
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All

2015

2016

County

3rd

4th

1st

2nd

Apartment Square Feet


Castle Rock

1.52
1.51
1.33
1.36
1.44

1.41
1.41
1.30
1.32
1.37

1.51
1.55
1.39
1.32
1.46

1.51
1.28
1.32
1.24
1.40

499 below
500 to 749
750 to 999
1000 above

1.89
1.58
1.51
1.44
1.41
1.51

1.87
1.59
1.49
1.41
1.44
1.51

2.05
1.65
1.45
1.47
1.46
1.56

2.26
1.72
1.54
1.49
1.55
1.61

1.89
1.58
1.51
1.43
1.41
1.51

1.87
1.58
1.48
1.40
1.43
1.49

2.05
1.64
1.46
1.47
1.44
1.55

2.26
1.71
1.53
1.49
1.55
1.60

2015

2016

3rd

4th

1st

2nd

1.55
1.49
1.34

1.38
1.43
1.31

1.52
1.53
1.38

1.51
1.33
1.29

1.86
1.56
1.45

1.74
1.56
1.43

1.79
1.61
1.47

1.90
1.68
1.51

1.68
1.56
1.44

1.62
1.55
1.42

1.72
1.60
1.46

1.80
1.67
1.50

Douglas - North
499 below
500 to 749
750 to 999
1000 above
Douglas County
499 below
500 to 749
750 to 999
1000 above

Rents are based on the units being unfurnished with tenants paying
electricity and gas.
Average rents do not reflect "rental losses" from discounts and
concessions.

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

Average rent minus rental losses equals effective rent.

Average rent minus rental losses equals effective rent.

VII-13

Rental Losses by Size, Age


and Market Area for Douglas County

Economic Vacancy Rates by Size, Age


and Market Area for Douglas County

Includes Discounts/Concessions, Models, Delinquents, and Bad Debts

Defined as Physcial Vacancy Plus Concessions and Writeoffs

Average Rent Minus Rental Losses Equals Effective Rent

as a Percentage of Gross Potential Rent

(In Percent)

(In Percent)

2015
Building Type

3rd

2016
4th

1st

Building
2nd

Type

Size

Size (in units)

Up to 8

Up to 6

9 - 50

2015
3rd

2016
4th

1st

2nd

9 - 50

51 - 99

19.8

100 - 199

12.2

27.1

51 - 99

23.5

100 - 199

96.4

44.7

200 to 349

6.7

4.6

7.8

13.3

200 to 349

12.1

10.3

15.2

19.2

350 up

9.8

24.0

8.2

11.4

350 up

13.5

29.8

14.5

21.3

Age

Age (year built)

To 1959

To 1959

1960-69

1960-69

1970-79

19.8

1980-89

10.5
4.9

1980-89

12.6

1990-99

23.5
15.9

5.2

2000-09

11.3

17.2

10.2

9.5

2000-09

15.0

22.7

15.9

12.9

2010 up

5.1

58.8

10.1

18.6

2010 up

11.8

64.2

41.6

45.1

13.3

1.2

13.9

3.4

Market Area
Castle Rock

14.5

7.8

16.9

8.4

Douglas - North

7.9

10.8

7.8

13.3

Douglas - North

12.7

21.7

17.0

22.0

Average

8.4

10.2

8.2

12.9

Average

12.8

20.6

17.0

21.4

VII-14

10.6

9.4

19.0

1990-99

Market Area
Castle Rock

4.0

1970-79
13.7

10.6

17.5

Average Rents for Douglas County


(in dollars)

Efficency

1 Bed

2 Bed
1 Bath

2 Bed
2 Bath

3 Bed

Other

All

Market Area Totals


Castle Rock

1032.34

1186.00

1306.50

1493.00

Douglas - North

1225.59

1365.22

1518.65

1702.09

2125.88

2075.00

1167.25
1560.89

Douglas County Average

1225.59

1349.18

1501.93

1682.64

2118.03

2075.00

1542.92

Buildings with up to 6 Units


Castle Rock
Douglas - North
Douglas County Average

Buildings with 7 to 36 Units


Castle Rock
Douglas - North
Douglas County Average

Buildings with 37 and Above Units


Castle Rock

1032.34

1186.00

1306.50

1493.00

Douglas - North

1225.59

1365.22

1518.65

1702.09

2125.88

2075.00

1560.89

Douglas County Average

1225.59

1349.18

1501.93

1682.64

2118.03

2075.00

1542.92

Buildings with 5 Stories and Above


Castle Rock
Douglas - North
Douglas County Average

VII-15

1167.25

Average Rent for Apartment Building/Community Features and Amenities in Douglas County
(In Dollars)
With Feature/Amenity
Feature/Amenity

Efficiency

Outside Storage

1 Bed

2 Bed
1 Bath

2 Bed
2 Bath

Without Feature/Amenity
3 Bed

All

Efficiency

1342.14

1498.28

1676.42

2214.53

1544.16

Patio or Balcony

1225.59

1349.18

1501.93

1682.64

2118.03

1542.92

Fireplace

1190.85

1346.17

1499.12

1671.10

2095.89

1538.13

Nine-Foot Ceilings

1225.59

1357.92

1501.93

1692.66

2118.03

1551.52

Swimming Pool

1225.59

1349.18

1501.93

1682.64

2118.03

1542.92

Spa or Sauna

1225.59

1375.09

1537.03

1714.23

2143.83

1573.32

Exercise Room

1225.59

1349.18

1501.93

1682.64

2118.03

1542.92

Sport Court

1175.00

1418.89

1567.93

1760.08

2325.16

1637.96

Microwave

1225.59

1356.09

1518.65

1691.58

2125.88

Washer/Dryer Hookups

1225.59

1357.49

1503.31

1688.69

Garbage Disposal

1225.59

1349.18

1501.93

Dishwasher

1225.59

1349.18

Air Conditioning

1190.85

Ceiling Fan

1 Bed

2 Bed
1 Bath

2 Bed
2 Bath

Difference
3 Bed

All

1225.59

1360.96

1510.51

1693.60

1985.69

1540.81

3.36

1311.00

1367.81

1546.00

1776.38

2322.59

1578.17

-40.03

1140.25

411.27

1031.00

1285.00

1172.50

1230.30

1478.98

1797.17

1327.27

246.05

1306.60

1449.26

1629.75

1915.35

1478.12

159.83

1551.87

1034.00

1186.00

1328.00

1493.00

1190.07

361.80

2124.77

1548.40

1314.07

1497.85

1656.44

2090.25

1520.44

27.97

1682.64

2118.03

1542.92

1501.93

1682.64

2118.03

1542.92

1343.09

1501.93

1671.40

2109.51

1536.59

1311.00

1518.00

2020.00

2502.00

1736.93

-200.33

1294.97

1304.89

1439.39

1629.13

1963.44

1483.63

1175.00

1470.83

1670.50

1817.84

2440.52

1695.35

-211.72

Attached Garage

1175.00

1340.61

1506.46

1672.25

2014.09

1536.05

1294.97

1359.30

1488.03

1696.26

2308.14

1552.49

-16.44

Covered Parking

1294.97

1419.77

1721.28

1766.28

2227.45

1622.71

1175.00

1302.05

1463.95

1631.84

2054.47

1497.50

125.21

Clubhouse

1225.59

1356.42

1504.67

1693.91

2138.55

1545.67

1240.66

1478.00

1569.16

2016.00

1512.91

32.76

Business Center

1190.85

1351.98

1501.93

1681.47

2109.51

1545.34

1702.16

2502.00

1499.28

46.06

Pets Allowed

1225.59

1349.18

1501.93

1682.64

2118.03

1542.92

Resident Pays Sewer/Water

1225.59

1349.18

1501.93

1682.64

2118.03

1542.92

Unit Security/Alarm System

1311.00

1353.03

1372.82

1654.64

1897.55

1477.44

Handicapped Access

1225.59

1367.58

1522.71

1702.64

2148.31

1558.00

Heat Included in Rent

1260.00

1472.00

1940.00

1634.82

VII-16

1294.97

1311.00

1306.43

1190.85

1348.30

1545.27

1688.10

2141.48

1557.15

-79.71

1177.15

1420.97

1528.59

1979.93

1431.97

126.02

1344.88

1501.93

1675.74

2118.03

1540.48

94.34

1220.33

Apartment Unit Absorption by Quarter and Year for Douglas County

2013

2014

2015

2016

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
11144
83
11227
6.5%
10497
730
-168
11275
0
11275
3.7%
10858
417
150
11770
637
12407
4.5%
11846
561
550
12844
0
12844
11.2%
11400
1444
0

Second
11227
48
11275
2.9%
10947
328
450
11275
421
11696
3.8%
11257
439
399
12407
221
12628
3.4%
12200
428
354
12844
122
12966
7.7%
11965
1001
565

Third
11275
0
11275
3.5%
10881
394
-66
11696
0
11696
3.7%
11267
429
10
12628
216
12844
4.5%
12261
583
62

Fourth
11275
0
11275
5.0%
10708
567
-173
11696
74
11770
4.0%
11295
475
28
12844
0
12844
7.7%
11852
992
-409

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.

Estimate of New Apartments by Quarter for Douglas County


Beginning
Inventory
2009 1st
2nd
3rd
4th
2010 1st
2nd
3rd
4th
2011 1st
2nd
3rd
4th
2012 1st
2nd
3rd
4th
2013 1st
2nd
3rd
4th
2014 1st
2nd
3rd
4th
2015 1st
2nd
3rd
4th
2016 1st
2nd
3rd
4th

Units Added

10580
10580
10580
10790
10790
10790
10790
10790
10790
10790
10790
10790
10852
10852
10852
11084
11144
11227
11275
11275
11275
11275
11696
11696
11770
12407
12628
12844
12844
12844

VII-17

0
0
210
0
0
0
0
0
0
0
0
62
0
0
232
60
83
48
0
0
0
421
0
74
637
221
216
0
0
122

Ending
Inventory
10580
10580
10790
10790
10790
10790
10790
10790
10790
10790
10790
10852
10852
10852
11084
11144
11227
11275
11275
11275
11275
11696
11696
11770
12407
12628
12844
12844
12844
12966

Year-End
11144
131
11275
5.1%
10700
575
35
11275
74
11349
4.0%
10891
458
587
11770
1074
12844
7.7%
11852
992
557

Monthly Resident Turnover


By Size, Age of Building, and Market Area
for Douglas County
(In Percent)

2015
Building Type

3rd

2016
4th

1st

2nd

Size
Up to 8
9 - 50
51-99

3.7

100 - 199

0.0

2.7

200 to 349

5.7

4.7

3.3

5.2

350 up

5.6

2.7

3.9

4.0

Age
To 1959
1960-69
1970-79

3.7

1980-89

1.7

2.7

1990-99

5.0

5.1

4.2

5.0

2000-09

5.9

2.9

3.5

4.5

2010 up

10.1

1.0

2.3

4.0

Market Area
Castle Rock

7.4

4.8

3.9

6.7

Douglas - North

5.5

3.6

3.5

4.4

County Average

5.7

3.7

3.5

4.5

Resident turnover is for respective months of February, May, August


and November.

VII-18

Vacancy Rates During the Current Quarter


Douglas County

Rent Level
$000 to $225
$226 to $250
$251 to $275
$276 to $300
$301 to $325
$326 to $350
$351 to $375
$376 to $400
$401 to $425
$426 to $450
$451 to $475
$476 to $500
$501 to $525
$526 to $550
$551 to $575
$576 to $600
$601 to $625
$626 to $650
$651 to $675
$676 to $700
$701 to $725
$726 to $750
$751 to $775
$776 to $800
$801 to $825
$826 to $850
$851 to $875
$876 to $900
$901 to $925
$926 to $950
$951 to $975
$976 to $1000
$1001 to 1025
$1026 to 1050
$1051 to 1075
$1076 to 1100
$1101 to 1125
$1126 to 1150
$1151 to 1175
$1176 to 1200
$1201 to 1225
$1226 to 1250
$1251 to 1275
$1276 to 1300
$1301 to 1325
$1326 to 1350
$1351 to 1375
$1376 to 1400
$1401 to 1425
$1426 to 1450
$1451 to 1475
$1476 to 1400
$1501 to 1525
$1526 to 1550
$1551 to 1575
$1576 to 1500
$1601 to 1625
$1626 to 1650
$1651 to 1675
$1676 to 1600
$1701 to 1725
$1726 to 1750
$1751 to 1775
$1776 to 1800
$1801 to 1825
$1826 to 1850
$1851 to 1875
$1876 to 1900
$1901 to 1926
$1926 to 1950
$1951 to 1975
$1976 to 2000
$2000 and up
TOTALS

Efficiencies

One Bedroom

Total

Total

Vacant

48

Percent Vacant

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Percent Vacant

11

191

5.8%

6
7
11
11
53
42
90

309
204
18
508
694
66
649

1.9%
3.4%
61.1%
2.2%
7.6%
63.6%
13.9%

Total

Three Bedroom

Percent Vacant

Total

Percent Vacant

Other
Total

Total
Percent Vacant

18.2%

24

0.0%

47

6.4%

60

1.7%

21
2

155
78

13.5%
2.6%

18
2
8
10
9
3

134
233
155
32
174
76

13.4%
0.9%
5.2%
31.3%
5.2%
3.9%

10

265

3.8%

23

2.4%

314

3964

80

2.5%

80

5.0%

36
17
10
44
43
9

48
356
204
18
579
774
90
729
148
155
78
54
506
589
167
196
729
266

0.0%
2.5%
3.4%
61.1%
2.4%
7.1%
46.7%
12.9%
0.0%
13.5%
2.6%
0.0%
7.1%
2.9%
6.0%
22.4%
5.9%
3.4%

393
493
471
24
135
80
147
43
114
64
24

3.6%
12.8%
8.5%
20.8%
4.4%
6.3%
8.8%
11.6%
6.1%
1.6%
4.2%

280
18
24
708
8895

17.9%
66.7%
8.3%
5.4%
7.7%

9
7
11
14
55
42
94
21
2

5
6
2
4

54
60
204
12
104

0.0%
8.3%
2.9%
16.7%
3.8%

32
27

0.0%
7.4%

5
3

111
76

4.5%
3.9%

31

935

3.3%

13
9

312
144

4.2%
6.3%

30
34
6

60
555
190

50.0%
6.1%
3.2%

4
58
40

96
391
448

4.2%
14.8%
8.9%

2
13
5
4

4
147
43
90

50.0%
8.8%
11.6%
4.4%

50

280

17.9%

20
294

Data is only for buildings with a Certificate of Occupancy. Rents are calculated as if units are unfurnished.

VII-19

335
3255

6.0%
9.0%

0.0%

75

4.0%

5
1

24
24

20.8%
4.2%

3
1
1

24
64
24

12.5%
1.6%
4.2%

14
63
40
5
6
5
13
5
7
1
1

12
2
18
46

18
24
360
645

66.7%
8.3%
5.0%
7.1%

50
12
2
38
687

13
13

0.0%
0.0%

Percent

5.8%

0.0%

0.0%

7.9%

Total

191

0.0%

11

83

Total

11

148

Percent Vacant

Vacancy Rates During the Current Quarter


Castle Rock

Rent Level
$000 to $225
$226 to $250
$251 to $275
$276 to $300
$301 to $325
$326 to $350
$351 to $375
$376 to $400
$401 to $425
$426 to $450
$451 to $475
$476 to $500
$501 to $525
$526 to $550
$551 to $575
$576 to $600
$601 to $625
$626 to $650
$651 to $675
$676 to $700
$701 to $725
$726 to $750
$751 to $775
$776 to $800
$801 to $825
$826 to $850
$851 to $875
$876 to $900
$901 to $925
$926 to $950
$951 to $975
$976 to $1000
$1001 to 1025
$1026 to 1050
$1051 to 1075
$1076 to 1100
$1101 to 1125
$1126 to 1150
$1151 to 1175
$1176 to 1200
$1201 to 1225
$1226 to 1250
$1251 to 1275
$1276 to 1300
$1301 to 1325
$1326 to 1350
$1351 to 1375
$1376 to 1400
$1401 to 1425
$1426 to 1450
$1451 to 1475
$1476 to 1400
$1501 to 1525
$1526 to 1550
$1551 to 1575
$1576 to 1500
$1601 to 1625
$1626 to 1650
$1651 to 1675
$1676 to 1600
$1701 to 1725
$1726 to 1750
$1751 to 1775
$1776 to 1800
$1801 to 1825
$1826 to 1850
$1851 to 1875
$1876 to 1900
$1901 to 1926
$1926 to 1950
$1951 to 1975
$1976 to 2000
$2000 and up
TOTALS

Vacant

Efficiencies

One Bedroom

Total

Total

Percent Vacant

11

191

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Percent Vacant

Total

191

Total

Three Bedroom

Percent Vacant

Total

Other

Percent Vacant

5.8%

11

Percent Vacant

5.8%

47

47

6.4%

6.4%

Total

Total
Percent Vacant

Total

Percent

11

191

5.8%

47

6.4%

80

2.5%

80

2.5%

80

5.0%

80

5.0%

0.0%

406

4.9%

Data is only for buildings with a Certificate of Occupancy. Rents are calculated as if units are unfurnished.

VII-20

160

3.8%

0.0%

0.0%

20

Vacancy Rates During the Current Quarter


Douglas - North

Rent Level
$000 to $225
$226 to $250
$251 to $275
$276 to $300
$301 to $325
$326 to $350
$351 to $375
$376 to $400
$401 to $425
$426 to $450
$451 to $475
$476 to $500
$501 to $525
$526 to $550
$551 to $575
$576 to $600
$601 to $625
$626 to $650
$651 to $675
$676 to $700
$701 to $725
$726 to $750
$751 to $775
$776 to $800
$801 to $825
$826 to $850
$851 to $875
$876 to $900
$901 to $925
$926 to $950
$951 to $975
$976 to $1000
$1001 to 1025
$1026 to 1050
$1051 to 1075
$1076 to 1100
$1101 to 1125
$1126 to 1150
$1151 to 1175
$1176 to 1200
$1201 to 1225
$1226 to 1250
$1251 to 1275
$1276 to 1300
$1301 to 1325
$1326 to 1350
$1351 to 1375
$1376 to 1400
$1401 to 1425
$1426 to 1450
$1451 to 1475
$1476 to 1400
$1501 to 1525
$1526 to 1550
$1551 to 1575
$1576 to 1500
$1601 to 1625
$1626 to 1650
$1651 to 1675
$1676 to 1600
$1701 to 1725
$1726 to 1750
$1751 to 1775
$1776 to 1800
$1801 to 1825
$1826 to 1850
$1851 to 1875
$1876 to 1900
$1901 to 1926
$1926 to 1950
$1951 to 1975
$1976 to 2000
$2000 and up
TOTALS

Efficiencies

One Bedroom

Total

Total

Vacant

48

Percent Vacant

11

18.2%

24

0.0%

83

Two Bedroom
Two Bathroom

Percent Vacant

Total

Percent Vacant

Total

Three Bedroom

Percent Vacant

Total

Percent Vacant

Other
Total

Total
Percent Vacant

0.0%
6
7
11
11
53
42
90

309
204
18
508
694
66
649

1.9%
3.4%
61.1%
2.2%
7.6%
63.6%
13.9%

21
2

155
78

13.5%
2.6%

18
2
8
10
9
3

134
233
155
32
174
76

13.4%
0.9%
5.2%
31.3%
5.2%
3.9%

10

265

3.8%

23

Two Bedroom
One Bathroom

2.4%

303

3773

60

1.7%

148

0.0%

54
60
204
12
104

0.0%
8.3%
2.9%
16.7%
3.8%

32
27

0.0%
7.4%

5
3

111
76

4.5%
3.9%

0.0%

8.0%

28

888

3.2%

13
9

312
144

4.2%
6.3%

30
34
6

60
555
190

50.0%
6.1%
3.2%

4
58
40

96
391
448

4.2%
14.8%
8.9%

2
13
5
4

4
147
43
90

50.0%
8.8%
11.6%
4.4%

50

280

17.9%

20
288

Data is only for buildings with a Certificate of Occupancy. Rents are calculated as if units are unfurnished.

VII-21

335
3095

6.0%
9.3%

36
17
10
44
43
9

0.0%
1.9%
3.4%
61.1%
2.4%
7.6%
46.7%
13.9%
0.0%
13.5%
2.6%
0.0%
7.1%
2.9%
6.0%
22.4%
5.9%
3.4%

393
493
471
24
135
80
147
43
114
64
24

3.6%
12.8%
8.5%
20.8%
4.4%
6.3%
8.8%
11.6%
6.1%
1.6%
4.2%

280
18
24
708
8489

17.9%
66.7%
8.3%
5.4%
7.9%

75

4.0%

5
1

24
24

20.8%
4.2%

3
1
1

24
64
24

12.5%
1.6%
4.2%

14
63
40
5
6
5
13
5
7
1
1

12
2
18
46

18
24
360
637

66.7%
8.3%
5.0%
7.2%

50
12
2
38
667

13
13

0.0%
0.0%

Percent

48
309
204
18
579
694
90
649
148
155
78
54
506
581
167
196
729
266

6
7
11
14
53
42
90
21
2

5
6
2
4

Total

DEFINITION OF DOUGLAS COUNTY MARKET AREAS AND CENSUS TRACTS

Market Area Boundaries:


Castle Rock

City of Castle Rock and immediate area

Douglas Co-North

All of northern Douglas County

Census Tracts:
Castle Rock

144.01, 145.01 (pt)

Douglas County-North

141.02, 141.03, 141,04, 141.05 (pt), 141.98 (pt)

Section VIII - Jefferson County


Table of Contents
Graphs
Vacancy Rate by Quarter
Average Rent by Quarter
Vacancy Rate by Market Area by Quarter
Average Rent by Market Area by Apartment Type
Vacancy Rate by Age of Building
Vacancy Rate by Size of Building
Rent per Square Foot by Apartment Type
Rent per Square Foot by Apartment Unit Size
Estimate of Total Apartments by Year
New Apartment Units Added by Year
Vacancy Rates by Market Area by Apartment Type
Vacancy Rate by Apartment Type by Quarter
Median Rent by Apartment Type by Quarter
Average Rent by Size of Building by Quarter

VIII-1
VIII-1
VIII-2
VIII-2
VIII-3
VIII-3
VIII-4
VIII-4
VIII-5
VIII-5
VIII-6
VIII-6
VIII-7
VIII-7

Tables
Vacancy Rates by Market Area
Vacancy Rates by Size of Building by Market Area
Vacancy Rates by Size of Apartment Unit by Market Area
Vacancy Rates by Age of Building by Market Area
Vacancy Rates by Apartment Type by Market Area

VIII-8
VIII-9
VIII-9
VIII-10
VIII-10

Average Rents by Apartment Type by Market Area


Average Rents by Age of Building by Market Area
Average Rents by Size of Building by Market Area
Median Rents by Apartment Type by Market Area

VIII-11
VIII-11
VIII-12
VIII-12

Average Rent per Square Foot by Apartment Type by Market Area


Average Rent per Square Foot by Apartment Unit Size by Market Area

VIII-13
VIII-13

Rental Losses by Size, Age and Market Area


Economic Vacancy Rates by Size, Age and Market Area

VIII-14
VIII-14

Average Rents for Boulder/Broomfield County


Average Rent for Apartment Building/Community Features and Amenities

VIII-15
VIII-16

Apartment Unit Absorption by Quarter and Year


Estimate of New Apartments by Quarter
Monthly Resident Turnover by Size, Age and Market Area

VIII-17
VIII-17
VIII-18

Vacancy Rates During the Current Quarter - Jefferson County Cumulative Totals
Vacancy Rates During the Current Quarter - Arvada
Vacancy Rates During the Current Quarter - Golden
Vacancy Rates During the Current Quarter - Lakewood North
Vacancy Rates During the Current Quarter - Lakewood South
Vacancy Rates During the Current Quarter - Wheat Ridge

VIII-19
VIII-20
VIII-21
VIII-22
VIII-23
VIII-24

Market Area Descriptions and Census Tracts

VIII-25

625.00

VIII-1

Quarter

16 Q1

15 Q3

15 Q1

14 Q3

14 Q1

13 Q3

13 Q1

12 Q3

12 Q1

11 Q3

11 Q1

10 Q3

10 Q1

09 Q3

09 Q1

08 Q3

08 Q1

07 Q3

07 Q1

06 Q3

06 Q1

05 Q3

05 Q1

04 Q3

04 Q1

03 Q3

03 Q1

02 Q3

02 Q1

01 Q3

01 Q1

00 Q3

00 Q1

99 Q3

99 Q1

98 Q3

96 Q1
96 Q2
96 Q3
96 Q4
97 Q1
97 Q2
97 Q3
97 Q4
98 Q1
98 Q2
98 Q3
98 Q4
99 Q1
99 Q2
99 Q3
99 Q4
00 Q1
00 Q2
00 Q3
00 Q4
01 Q1
01 Q2
01 Q3
01 Q4
02 Q1
02 Q2
02 Q3
02 Q4
03 Q1
03 Q2
03 Q3
03 Q4
04 Q1
04 Q2
04 Q3
04 Q4
05 Q1
05 Q2
05 Q3
05 Q4
06 Q1
06 Q2
06 Q3
06 Q4
07 Q1
07 Q2
07 Q3
07 Q4
08 Q1
08 Q2
08 Q3
08 Q4
09 Q1
09 Q2
09 Q3
09 Q4
10 Q1
10 Q2
10 Q3
10 Q4
11 Q1
11 Q2
11 Q3
11 Q4
12 Q1
12 Q2
12 Q3
12 Q4
13 Q1
13 Q2
13 Q3
13 Q4
14 Q1
14 Q2
14 Q3
14 Q4
15 Q1
15 Q2
15 Q3
15 Q4
16 Q1
16 Q2

0.0

98 Q1

Rent (in dollars)

Percent Vacant

Vacancy Rate by Quarter


for Jefferson County

12.0

10.0

8.0

6.0

4.0

2.0

Quarter

Average Rent by Quarter


for Jefferson County

1425.00

1325.00

1225.00

1125.00

1025.00

925.00

825.00

725.00

Vacancy Rate by Market Area by Quarter


for Jefferson County
20
15 Q3

Percent Vacant

18

15 Q4

16

16 Q1

14

16 Q2

12
10
8
6
4
2
0
Arvada

Golden

Lakewood North

Lakewood South

Wheat Ridge

Jefferson County
Average

Market Area

Average Rent by Market Area by Apartment Type


for Jefferson County
2000

Efficiency

1 Bed

2 Bed, 1 Bath

2 Bed, 2 Bath

3 Bed

All

1800

Rent (in dollars)

1600
1400
1200
1000
800
600
400
200
0

Arvada

Golden

Lakewood North

Lakewood South

Market Area
VIII-2

Wheat Ridge

Jefferson County
Average

Vacancy Rate by Age of Building


for Jefferson County
40
15 Q3
35

15 Q4
16 Q1

Percent Vacant

30

16 Q2

25
20
15
10
5
0
To 1939

1940-49

1950-59

1960-69

1970-79

1980-89

1990-99

2000-09

2010 up

Year Built

Vacancy Rate by Size of Building


for Jefferson County
9
15 Q3
8

15 Q4
16 Q1

Percent Vacant

16 Q2
6
5
4
3
2
1
0
Up to 8

9 to 50

51 to 99

100 to 199

Number of Units in Building

VIII-3

200 to 349

350 up

Rent per Square Foot by Apartment Type


for Jefferson County

Rent per Square Foot (in dollars)

2.5
15 Q3

15 Q4

16 Q1

16 Q2

1.5

0.5

0
Efficiency

One Bedroom

Two Bed, One


Bath

Two Bed, Two


Bath

Three Bed

Average

Apartment Type

Rent per Square Foot by Apartment Unit Size


for Jefferson County
2.5

Rent per Square Foot (in dollars)

15 Q3
15 Q4
2

16 Q1
16 Q2

1.5

0.5

0
499 below

500 to 749

750 to 999

Apartment Unit Size (in square feet)

VIII-4

1000 above

700

0
96 Q1
96 Q2
96 Q3
96 Q4
97 Q1
97 Q2
97 Q3
97 Q4
98 Q1
98 Q2
98 Q3
98 Q4
99 Q1
99 Q2
99 Q3
99 Q4
00 Q1
00 Q2
00 Q3
00 Q4
01 Q1
01 Q2
01 Q3
01 Q4
02 Q1
02 Q2
02 Q3
02 Q4
03 Q1
03 Q2
03 Q3
03 Q4
04 Q1
04 Q2
04 Q3
04 Q4
05 Q1
05 Q2
05 Q3
05 Q4
06 Q1
06 Q2
06 Q3
06 Q4
07 Q1
07 Q2
07 Q3
07 Q4
08 Q1
08 Q2
08 Q3
08 Q4
09 Q1
09 Q2
09 Q3
09 Q4
10 Q1
10 Q2
10 Q3
10 Q4
11 Q1
11 Q2
11 Q3
11 Q4
12 Q1
12 Q2
12 Q3
12 Q4
13 Q1
13 Q2
13 Q3
13 Q4
14 Q1
14 Q2
14 Q3
14 Q4
15 Q1
15 Q2
15 Q3
15 Q4
16 Q1
16 Q2

36000

96 Q1
96 Q2
96 Q3
96 Q4
97 Q1
97 Q2
97 Q3
97 Q4
98 Q1
98 Q2
98 Q3
98 Q4
99 Q1
99 Q2
99 Q3
99 Q4
00 Q1
00 Q2
00 Q3
00 Q4
01 Q1
01 Q2
01 Q3
01 Q4
02 Q1
02 Q2
02 Q3
02 Q4
03 Q1
03 Q2
03 Q3
03 Q4
04 Q1
04 Q2
04 Q3
04 Q4
05 Q1
05 Q2
05 Q3
05 Q4
06 Q1
06 Q2
06 Q3
06 Q4
07 Q1
07 Q2
07 Q3
07 Q4
08 Q1
08 Q2
08 Q3
08 Q4
09 Q1
09 Q2
09 Q3
09 Q4
10 Q1
10 Q2
10 Q3
10 Q4
11 Q1
11 Q2
11 Q3
11 Q4
12 Q1
12 Q2
12 Q3
12 Q4
13 Q1
13 Q2
13 Q3
13 Q4
14 Q1
14 Q2
14 Q3
14 Q4
15 Q1
15 Q2
15 Q3
15 Q4
16 Q1
16 Q2

Number of Apartment Units

Number of Apartment Units

Estimate of Total Apartments by Year


for Jefferson County

45000

44000

43000

42000

41000

40000

39000

38000

37000

Year

New Apartment Units Added by Year


for Jefferson County

900

800
776

670

600
595
641

500
514

400
446
364

300

200

227

100

12

4635

4
356
397
394

286 295 280

114 120
70

600
379
428

276

349

233

159

228
220

48

61

24
0000000

75

120

00

0000

Year

VIII-5

7260

000

83 91

30
00000000

110

56

15
0

0000

95

00

Vacancy Rates by Market Area by Apartment Type


for Jefferson County
10
Efficiency
One bedroom
Two bed, one bath
Two bed, two bath
Three bedroom
All

9
8

Percent Vacant

7
6
5
4
3
2
1
0
Arvada

Golden

Lakewood North

Lakewood South

Wheat Ridge

Jefferson County
Average

Market Area

Vacancy Rate by Apartment Type by Quarter


for Jefferson County
7
15 Q3
6

15 Q4
16 Q1

Percent Vacant

16 Q2

4
3
2
1
0
Efficiency

One Bedroom

Two Bed, One Bath Two Bed, Two Bath

Apartment Type

VIII-6

Three Bed

Average

Median Rent by Apartment Type by Quarter


for Jefferson County
1800
15 Q3

1600
1400

15 Q4
16 Q1

Rent (in dollars)

16 Q2

1200
1000
800
600
400
200
0
Efficiency

One Bedroom

Two Bed, One BathTwo Bed, Two Bath

Three Bed

Average

Apartment Type

Average Rent by Size of Building


for Jefferson County
1600
1400

Rent (in dollars)

1200

$1,341.04

$1,325.97

37 + units

5 Story or More

$1,104.80
$936.66

1000
800
600
400
200
0
Up to 6 units

7 - 36 units

Size of Building

VIII-7

Vacancy Rates by Market Area for Jefferson County


First Figure = Rate for Quarter in Percent
Second Figure = Change from Year Ago
Third Figure = Twelve Month Average
2006
County
Arvada

3rd

4th

7.9 6.2
0.3 -4.8
9.0 7.8
Golden
6.0 7.2
1.1 -0.1
7.0 7.0
Lakewood North
8.1 6.4
1.4 -1.6
8.1 7.7
Lakewood South 6.6 6.6
0.1 0.1
6.4 6.4
Wheat Ridge
9.7 7.2
-0.9 -3.6
11.5 10.6
Jefferson
7.2 6.6
County
0.5 -1.0
7.4 7.2

2007
1st

2008

2nd

3rd

4th

1st

2nd

3rd

8.1 8.0
0.1 -1.2
7.9 7.5
5.3 10.4
-2.7 3.7
6.3 7.2
6.5 8.0
-1.5 -0.2
7.3 7.3
6.0 6.7
-0.1 0.3
6.4 6.5
6.7 6.9
-9.5 -2.3
8.2 7.6
6.3 7.4
-1.2 0.1
6.9 6.9

4.7
-3.3
6.7
5.5
-0.4
7.1
5.9
-2.2
6.7
5.3
-1.3
6.2
4.7
-5.0
6.4
5.3
-1.9
6.4

5.4
-0.8
6.5
5.5
-1.7
6.7
7.1
0.6
6.9
5.6
-1.0
5.9
8.6
1.4
6.7
6.0
-0.5
6.3

6.4
-1.7
6.1
5.8
0.4
6.8
6.2
-0.3
6.8
5.3
-0.7
5.7
6.1
-0.6
6.6
5.6
-0.7
6.1

6.0
-2.0
5.6
5.7
-4.8
5.6
8.1
0.1
6.8
5.2
-1.5
5.3
7.9
1.0
6.8
6.0
-1.4
5.8

5.1
0.4
5.7
5.1
-0.4
5.5
6.9
1.0
7.1
6.7
1.3
5.7
9.1
4.4
7.9
6.5
1.1
6.0

2009
4th

1st

2nd

3rd

2010

2011

4th

1st

2nd

3rd

5.6 8.1 6.7 5.7 7.3


0.1 1.8 0.8 0.6 1.7
5.8 6.2 6.4 6.5 7.0
8.4 7.5 9.4 8.1 7.5
2.8 1.7 3.7 3.0 -0.8
6.2 6.6 7.6 8.3 8.1
6.9 7.8 6.3 5.2 8.8
-0.2 1.6 -1.8 -1.8 2.0
7.0 7.4 7.0 6.5 7.0
7.6 7.0 6.5 6.2 6.4
1.9 1.8 1.4 -0.5 -1.1
6.2 6.6 6.9 6.8 6.5
9.2 12.2 12.5 9.2 11.7
0.6 6.1 4.6 0.1 2.5
8.1 9.6 10.7 10.8 11.4
7.3 7.6 7.2 6.3 7.3
1.2 1.9 1.2 -0.2 0.0
6.3 6.8 7.1 7.1 7.1

5.6
-2.6
6.3
7.5
0.0
8.1
5.9
-1.9
6.5
5.0
-2.0
6.0
13.9
1.8
11.8
5.8
-1.8
6.6

4.9
-1.9
5.9
6.0
-3.4
7.3
4.5
-1.7
6.1
5.4
-1.2
5.7
10.9
-1.7
11.4
5.4
-1.8
6.2

3.4
-2.3
5.3
3.8
-4.3
6.2
4.9
-0.2
6.0
3.8
-2.4
5.1
4.8
-4.4
10.3
3.9
-2.3
5.6

4th

2012

2013

2014

2015

2016

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

4.5
4.4
-2.8 -1.1
4.6
4.3
6.2
6.1
-1.4 -1.3
5.9
5.5
4.8
5.1
-4.1 -0.7
5.0
4.8
4.2
4.6
-2.2 -0.4
4.6
4.5
3.8
2.7
-7.9 -11.2
8.4
5.6
4.5
4.7
-2.8 -1.1
4.9
4.6

3.8
-1.1
4.0
6.0
-0.1
5.5
4.2
-0.3
4.8
4.8
-0.6
4.3
3.4
-7.4
3.7
4.5
-0.9
4.4

4.9
1.5
4.4
4.8
1.0
5.8
4.9
-0.1
4.7
4.1
0.4
4.4
3.7
-1.1
3.4
4.4
0.5
4.5

4.6
0.1
4.4
3.9
-2.3
5.2
4.5
-0.2
4.7
4.4
0.1
4.5
3.9
0.1
3.4
4.4
-0.1
4.5

3.8
-0.6
4.3
4.2
-2.0
4.7
3.2
-1.9
4.2
4.0
-0.6
4.3
3.4
0.7
3.6
3.8
-0.9
4.3

1.9
-1.9
3.8
4.6
-1.3
4.4
3.7
-0.5
4.1
4.6
-0.2
4.3
3.6
0.1
3.7
4.0
-0.6
4.1

3.5
-1.4
3.4
2.6
-2.2
3.8
5.4
0.6
4.2
3.6
-0.6
4.1
2.3
-1.3
3.3
3.7
-0.7
4.0

4.1
-0.5
3.3
2.1
-1.8
3.4
4.3
-0.2
4.2
4.6
0.2
4.2
3.6
-0.3
3.2
4.2
-0.2
3.9

4.5
0.7
3.5
3.7
-0.4
3.3
4.9
1.7
4.6
3.2
-0.9
4.0
3.2
-0.2
3.2
3.7
-0.1
3.9

3.8
1.9
4.0
4.9
0.3
3.3
4.3
0.6
4.7
3.3
-1.3
3.7
3.2
-0.4
3.1
3.7
-0.3
3.8

3.4
-0.1
4.0
3.1
0.5
3.4
3.1
-2.3
4.2
4.0
0.4
3.8
2.5
0.2
3.1
3.6
-0.1
3.8

3.9
-0.2
3.9
3.6
1.5
3.8
3.4
-0.9
3.9
5.6
1.0
4.0
3.5
-0.1
3.1
4.6
0.5
3.9

4.2
-0.3
3.8
3.3
-0.4
3.7
3.2
-1.7
3.5
3.3
0.1
4.0
3.2
0.1
3.1
3.4
-0.3
3.8

3.2
-0.7
3.7
3.7
-1.2
3.4
3.4
-0.9
3.3
3.9
0.6
4.2
3.5
0.3
3.2
3.7
-0.1
3.8

4.5
1.1
4.0
2.1
-1.0
3.2
2.9
-0.3
3.2
2.9
-1.0
3.9
2.7
0.2
3.2
3.2
-0.4
3.7

2.9
-1.0
3.7
3.4
-0.2
3.1
3.9
0.5
3.4
4.5
-1.1
3.7
1.5
-2.0
2.7
3.8
-0.8
3.5

2.3
-1.9
3.2
3.8
0.4
3.2
2.2
-1.0
3.1
3.8
0.6
3.8
1.6
-1.7
2.3
3.2
-0.2
3.5

2.7
-0.5
3.1
6.5
2.8
3.9
2.6
-0.7
2.9
3.8
-0.1
3.8
1.6
-1.9
1.8
3.4
-0.2
3.4

3.9
-0.7
3.0
18.5
16.4
8.1
2.9
0.0
2.9
5.8
2.9
4.5
1.0
-1.7
1.4
5.1
1.9
3.9

4.4
1.5
3.3
8.5
5.1
9.3
6.2
2.2
3.5
4.6
0.1
4.5
2.6
1.1
1.7
5.3
1.4
4.2

4.8
2.5
3.9
6.3
2.6
10.0
5.4
3.1
4.3
4.4
0.6
4.7
2.3
0.7
1.9
4.7
1.5
4.6

3.7
1.0
4.2
4.4
-2.1
9.5
3.8
1.2
4.6
3.8
0.0
4.7
1.0
-0.6
1.7
4.1
0.6
4.8

Due to rounding of the vacancy rate, numbers may not always add exactly.

VIII-8

3rd

4th

Vacancy Rates by Size of Building


by Market Area for Jefferson County

Vacancy Rates by Size of Apartment Unit


by Market Area for Jefferson County

(In Percent)

(In Percent)

County
Arvada

Golden

2016

2015

Number of
Units

3rd

4th

1st

2nd

Up to 8

0.0

0.0

3.8

0.0

9 to 50

1.6

4.3

0.0

3.7

51 to 99

3.2

100 to199

1.6

4.4

3.6

2.8

200 to 349

2.8

3.1

4.3

3.1

County
Arvada

2016

2015

Square Feet in
Unit

3rd

4th

1st

2nd

499 below

1.3

4.4

3.2

2.4

500 to 749

2.0

2.6

3.2

2.0

750 to 999

2.9

3.5

5.0

3.2

1000 above

9.8

8.2

6.4

6.5

350 up

10.1

7.1

10.6

6.3

Up to 8

0.0

0.0

0.0

0.0

499 below

0.0

0.0

0.0

0.0

9 to 50

5.3

0.0

0.0

1.8

500 to 749

3.4

0.0

0.0

1.7

750 to 999

18.0

8.3

4.7

5.7

100 to 199

78.5

39.0

23.8

3.5

1000 above

27.5

10.9

9.6

3.9

200 to 349

3.1

3.2

3.4

4.9

Up to 8

0.0

3.6

3.4

0.0

499 below

1.6

3.2

2.7

0.9

9 to 50

1.3

1.0

2.1

2.8

500 to 749

2.9

5.2

3.0

4.1

Golden

51 to 99

350 up
Lakewood North

Lakewood South

Wheat Ridge

Jefferson County

Lakewood North

51 to 99

4.7

20.9

2.1

1.3

750 to 999

3.1

8.3

7.0

5.4

100 to 199

2.0

4.2

4.9

3.0

1000 above

2.9

5.9

8.4

2.4

200 to 349

3.1

19.4

13.8

6.2

350 up

3.2

3.3

4.4

4.0
0.0

14.4

9 to 50

1.6

0.0

0.0

18.5

500 to 749

2.9

2.9

4.7

2.8

51 to 99

3.8

3.2

2.6

5.2

750 to 999

6.7

4.5

3.6

4.0

100 to 199

1.8

2.4

1.5

4.3

1000 above

6.4

5.4

5.2

3.5

200 to 349

8.2

6.2

4.4

3.8

350 up

4.6

3.1

5.4

3.2

Up to 8

0.0

0.0

9.5

4.8

499 below

2.9

5.9

2.6

2.6

9 to 50

2.2

0.5

1.9

1.6

500 to 749

0.3

3.5

3.2

0.7

51 to 99

2.8

2.8

0.9

0.0

750 to 999

1.5

2.1

1.7

1.3

100 to 199

0.9

3.7

5.6

2.8

1000 above

0.6

1.0

0.0

0.0

200 to 349

1.1

3.6

1.7

0.5

350 up

0.0

Lakewood South

Up to 8

Up to 8

0.0

1.8

4.0

0.9

9 to 50

1.9

1.1

1.3

4.0

Wheat Ridge

Jefferson County

499 below

499 below

1.5

3.9

2.8

5.3

500 to 749

2.5

3.8

3.6

3.7

51 to 99

3.9

7.8

2.2

3.3

750 to 999

5.9

5.6

4.4

4.5

100 to 199

7.9

6.2

5.0

3.7

1000 above

7.0

6.3

6.2

3.7

200 to 349

5.5

6.1

4.6

4.0

350 up

4.4

4.2

5.3

4.5

VIII-9

Vacancy Rates by Age of Building


by Market Area for Jefferson County

Vacancy Rates by Apartment Type


by Market Area for Jefferson County

(In Percent)

(In Percent)

2015

2016

4th

1st

2nd

Apartment Type

3rd

4th

1st

2nd

1.0
1.7

0.0
4.0
3.7
2.4

0.0
1.0
3.4
1.8

10.0
2.1
2.9
2.4

4.4
2.9
1.6
10.3
2.7

1.6

4.3
7.1
0.0
0.0
1.3

5.4
10.6
0.0
0.0
4.6

3.4
6.3
2.6
0.0
8.5

4.4
6.7
78.5
1.1
0.5
2.8
4.6
3.8
0.0
0.0

5.9
1.6
39.0
4.8
1.6
7.9
3.1
1.8
5.2
29.7

3.8
1.2
23.8
3.6
1.1
3.4
5.6
1.1
5.5
23.7

4.7
0.4
3.5
0.6
2.3
1.8
4.9
5.2

5.3
3.1
2.4
5.5
5.5
52.4
0.0
0.4
1.4
2.1

0.0
2.5
2.4
4.6
7.7
20.0
0.0
1.5
3.0
0.0

3.9
3.2
4.8
4.9
7.0
0.0
2.6
2.4
0.0

0.0
3.1
3.9
3.3
3.9
9.1
0.0
3.0
0.9
0.0

1.0
0.6
2.4
3.0
5.0
4.6
37.0

3.5
1.8
3.6
3.8
4.4
5.9
20.9

2.6
1.2
3.5
4.0
4.3
5.0
14.9

1.3
2.2
2.8
5.7
4.0
3.2
7.2

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

2.2
2.7
4.1
8.0
4.8
0.0
4.4
0.0
8.2
0.0
11.6
2.2
0.0
8.5
0.0
6.5
4.4
5.2
7.3
14.8
6.2
0.0
4.5
2.7
5.6
3.1
4.3
4.6
7.1
3.4
2.8
0.6
4.0
2.5
2.6
1.6
5.0
4.3
6.3
4.3
7.7
5.3

6.7
5.2
3.6
6.5
3.1
5.0
4.8
0.0
3.6
0.0
9.9
15.6
0.0
6.3
3.2
5.0
3.6
7.5
8.5
4.1
5.4
0.0
4.1
4.0
5.3
3.1
0.0
4.4
3.5
3.0
2.9
1.1
0.0
0.0
2.3
4.1
4.4
3.5
6.1
4.7
2.0
4.7

0.0
3.7
1.8
5.3
4.0
25.0
3.7
0.0
2.3
0.0
7.3
8.9
0.0
4.4
0.0
4.1
5.1
3.4
1.2
0.5
3.8
2.2
3.9
4.2
3.7
3.7
1.4
3.8
0.0
0.5
3.2
0.0
0.0
0.0
1.0
0.5
4.0
4.5
4.4
3.7
1.1
4.1

Golden
Lakewood North
Lakewood South

7.1

Wheat Ridge

4.9
10.1
0.0

Arvada

3rd

Jefferson County

Arvada
Golden
Lakewood North
Lakewood South
Wheat Ridge
Jefferson County

County

2016

2015
County Year
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up

VIII-10

3.9
0.0
21.5
0.0
17.8
2.2
18.5
0.0
2.8
4.3
2.7
0.0
1.5
2.9
0.0
6.3
4.9
5.7
6.9
2.9
5.8
7.1
0.3
1.8
1.5
0.0
0.0
1.0
2.8
5.4
3.3
6.1
4.4
1.4
5.1

Average Rents by Apartment Type by


Market Area for Jefferson County

Average Rents by Age of Building by


Market Area for Jefferson County

(In Dollars)

(In Dollars)

2015
County
Arvada
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Golden
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Lakewood North
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Lakewood South
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Wheat Ridge
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Jefferson County
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All

3rd

2016
4th

1st

2016

2015
2nd

1207.07
1100.21
999.49
1734.00
1484.97
1209.92

1197.53
1161.41
1048.53
1710.92
1527.64
1265.47

1180.67
1129.05
1100.41
1629.25
1547.53
1263.31

1341.40
1223.88
1122.17
1706.94
1759.05
1359.37

592.50
1329.96
1203.75
1595.93
1384.91
1446.45

692.50
1310.47
1271.50
1628.53
1399.36
1495.19

694.85
1388.47
1277.19
1651.23
1412.47
1541.11

710.80
1437.75
1287.13
1722.54
1464.69
1592.97

767.64
1042.18
1195.54
1353.22
1613.42
1176.82

707.10
1093.00
1206.41
1413.23
1694.28
1225.57

804.65
1112.12
1205.95
1417.94
1716.99
1235.96

813.35
1101.48
1218.82
1443.30
1606.56
1228.74

County
Arvada

Golden

Lakewood North

Lakewood South
987.50
1190.92
1314.22
1437.83
1830.15
1347.56

987.50
1153.59
1231.49
1398.71
1738.65
1298.73

987.50
1217.90
1318.26
1486.41
1819.99
1375.91

1293.06
1244.50
1314.49
1499.84
1842.69
1389.77

602.14
847.33
998.04
1059.44
1311.83
979.08

602.14
809.95
925.75
969.59
1149.20
907.44

716.18
828.51
948.36
973.56
1124.23
906.37

716.18
846.66
971.22
1006.01
1141.13
927.20

941.04
1132.98
1190.20
1438.28
1698.30
1269.46

890.62
1132.00
1154.41
1439.09
1673.83
1266.47

869.49
1163.37
1203.41
1486.82
1706.44
1304.15

988.60
1191.17
1216.22
1511.81
1755.01
1328.60

Wheat Ridge

Jefferson County

Year Built
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up
To 1959
1960-69
1970-79
1980-89
1990-99
2000-09
2010 up

3rd

4th

1st

2nd

764.70 785.00 920.00


898.54 929.10 954.44 995.15
983.67 1048.99 1063.64 1064.16
1361.00 1378.33 1392.67
1551.64 1552.84 1479.90
1646.79 1646.68 1597.42
820.00 804.44 815.69
1217.40 1217.50
1113.49 1134.62 1156.21

1532.37
1722.97
837.44
1215.00
1195.57

1454.48
2203.80
1845.64
979.06
1001.62
1130.50
1273.55
971.86
1389.01
1002.27

1454.73
1908.63
1787.50
961.79
1023.01
1136.67
1335.05
1002.16
1386.77
1519.46

1627.70
1898.51
1722.67
980.40
1078.29
1160.23
1321.23
1028.22
1391.55
1510.80

1687.53
1912.50
1846.70
1032.05
1093.82
1171.84
1344.57
1052.40

745.26
1173.68
1350.53
1430.71
1363.49
1510.88
958.29
1093.50
880.19
1033.85

743.42
1153.64
1237.98
1379.69
1387.65
1470.82
1006.71
821.49
904.45
1033.85

1169.70
1306.84
1473.15
1516.11
1497.38
1028.57
905.38
897.46
1033.85

823.68
1212.83
1315.87
1465.60
1529.53
1589.35
1039.00
880.84
923.10
1033.85

972.64
1037.69
1079.22
1277.28
1388.83
1444.07
1629.81

928.99
957.66
1091.68
1246.16
1347.89
1462.02
1596.41

946.61
1025.56
1092.56
1294.69
1439.47
1488.62
1570.03

994.27
1018.51
1123.73
1288.71
1442.15
1560.55
1649.61

1532.79

Rents are based on the units being unfurnished with tenants paying
electricity and gas.

Rents are based on units being unfurnished with tenants paying gas and
electricity.

Average rents do not reflect "rental losses" from discounts and


concessions.

Average rents do not reflect "rental losses" from discounts and concessions.

Average rent minus rental losses equals effective rent.

Average rent minus rental losses equals effective rent.

VIII-11

Average Rents by Size of Building by Market Area


for Jefferson County

Median Rents by Apartment Type by Market Area


for Jefferson County

(In Dollars)

(in dollars)

Number of Units

2015
4th

1st

2nd

981.76
840.40
975.78
966.16
1225.08
1646.79

905.39
849.04

949.69
891.87

1047.50
926.40

1146.11
1244.01
1646.68

1143.41
1288.31
1597.42

1172.75
1399.76
1722.97

890.00
1943.70

959.00
907.67

1087.89
913.04

1121.05
935.91

100 to 199

1845.64

1787.50

1722.67

1846.70

200 to 349

1298.99

1485.49

1555.02

1594.68

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

2016

2015

2016

3rd

350 and up
Lakewood North

3rd

4th

1st

2nd

1167.36
968.14
1020.84
1817.93
1288.65
1068.11

1167.36
1208.93
1043.90
1812.67
1350.00
1213.09

1142.36
1183.56
1071.95
1712.18
1414.50
1251.48

1342.36
1260.37
1130.00
1832.27
1500.00
1406.38

517.00
1268.58
1000.00

690.00
1344.80
1238.00

725.00
1494.80
1214.71

727.00
1520.18
1213.00

2 Bed, 2 Bath

1680.98

1589.83

1814.83

1932.39

3 Bed

1369.00

1379.00

1407.00

1528.00

All
Lakewood North

1275.54

1481.95

1546.19

1568.98

County
Arvada
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Golden
Efficiency
1 Bed
2 Bed, 1 Bath

Up to 8

1000.81

927.79

1040.66

1036.83

Efficiency

763.48

668.71

809.57

809.57

9 to 50

929.77

972.81

995.17

1005.71

1 Bed

1081.47

1105.90

1128.79

1044.37

51 to 99

1036.95

942.03

1050.49

1079.66

2 Bed, 1 Bath

1264.37

1276.75

1229.03

1263.92

100 to 199

1253.36

1268.91

1266.18

1208.06

2 Bed, 2 Bath

1372.26

1392.43

1385.60

1398.52

200 to 349

1023.11

1289.54

1314.28

1327.12

3 Bed

1683.62

1689.62

1688.23

1579.75

350 and up
Lakewood South

1228.74

1262.42

1267.53

1270.83

All
Lakewood South

1178.08

1223.47

1234.16

1257.12

988.00

988.00

988.00

1384.57

9 to 50

770.79

777.22

1060.68

1124.38

1 Bed

1178.38

1099.74

1189.36

1245.30

51 to 99

1155.36

1153.60

1167.11

1168.79

2 Bed, 1 Bath

1384.09

1266.00

1337.27

1304.75

100 to199

1156.18

1091.24

1111.32

1110.66

2 Bed, 2 Bath

1407.53

1344.65

1440.70

1448.23

200 to 349

1344.19

1316.91

1372.14

1423.82

3 Bed

1782.33

1803.94

1816.33

1839.41

350 and up
Wheat Ridge

1424.22

1349.77

1463.35

1441.79

All
Wheat Ridge

1326.98

1289.20

1354.19

1368.88

Up to 8

917.21

1019.10

1031.52

1084.05

Efficiency

588.92

588.92

734.09

734.09

9 to 50

885.62

892.36

930.34

922.15

1 Bed

814.38

796.05

843.88

840.84

51 to 99

892.45

892.45

885.85

919.81

2 Bed, 1 Bath

897.47

894.39

937.00

955.83

100 to199

822.43

822.43

827.57

872.43

2 Bed, 2 Bath

1006.03

986.16

988.79

1014.12

200 to 349

902.17

947.83

913.56

934.55

3 Bed

1382.74

1162.50

1154.00

1204.00

933.74

892.16

886.24

924.44

Up to 8

350 and up
Jefferson County

Efficiency

1144.12

All
Jefferson County

Up to 8

966.31

946.16

1027.27

1062.53

9 to 50

968.09

911.83

962.63

974.72

Efficiency
1 Bed

982.00

758.50

772.33

811.29

1139.08

1099.29

1156.34

1209.85

51 to 99
1058.36 1052.42 1083.19 1106.65
100 to 199
1180.51 1193.52 1189.54 1219.45
200 to 349
1278.09 1304.64 1335.88 1375.44
350 and up
1353.23 1323.67 1382.89 1393.19
Rents reflect units being unfurnished with tenants paying gas and
electricity.

2 Bed, 1 Bath
1241.92 1163.42 1204.26 1261.65
2 Bed, 2 Bath
1407.81 1418.94 1467.76 1472.61
3 Bed
1712.56 1597.89 1686.85 1649.66
All
1257.78 1256.32 1288.73 1316.87
Rents are based on units being unfurnished with tenants paying gas
and electricity.

Average rents do not reflect "rental losses" from discounts and


concessions.
Average rent minus rental losses equals effective rent.

Average rents do not reflect "rental losses" from discounts and


concessions.
Average rent minus rental losses equals effective rent.

VIII-12

Average Rent per Square Foot by Apartment Type


by Market Area for Jefferson County

Average Rent Per Square Foot by Apartment Unit Size


by Market Area for Jefferson County

(In Dollars)

(In Dollars)

County
Apartment Type
Arvada
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Golden
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Lakewood North
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Lakewood South
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Wheat Ridge
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All
Jefferson County
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
All

2015

County

2016

3rd

4th

1st

2nd

2.01
1.61
1.18
1.57
1.31
1.47

1.99
1.66
1.24
1.61
1.40
1.52

1.97
1.61
1.28
1.54
1.34
1.48

2.23
1.73
1.30
1.61
1.51
1.60

1.71
1.72
1.60
1.55
1.28
1.62

1.17
1.62
1.65
1.46
1.30
1.52

1.17
1.72
1.65
1.49
1.31
1.57

1.16
1.78
1.66
1.56
1.36
1.62

2.01
1.63
1.42
1.42
1.30
1.50

1.83
1.68
1.41
1.44
1.35
1.53

2.10
1.70
1.43
1.45
1.38
1.55

2.13
1.70
1.46
1.46
1.31
1.56

1.65
1.56
1.45
1.36
1.43
1.46

1.65
1.52
1.38
1.32
1.37
1.41

1.65
1.58
1.46
1.39
1.42
1.48

2.38
1.63
1.48
1.40
1.45
1.52

1.48
1.38
1.20
1.15
1.22
1.24

1.48
1.34
1.13
1.08
1.12
1.19

1.78
1.36
1.20
1.10
1.18
1.27

1.78
1.39
1.23
1.14
1.19
1.30

1.90
1.60
1.40
1.39
1.37
1.48

1.75
1.58
1.36
1.38
1.36
1.46

1.82
1.62
1.41
1.42
1.38
1.50

2.00
1.66
1.44
1.44
1.42
1.54

Apartment Square Feet


Arvada
499 below
500 to 749
750 to 999
1000 above

2015

2016

3rd

4th

1st

2nd

1.45
1.44
1.55

1.57
1.56
1.48
1.57

1.57
1.56
1.46
1.46

1.78
1.63
1.60
1.58

1.71
1.87
1.59
1.56

1.76
1.57
1.54
1.48

1.78
1.57
1.64
1.50

1.76
1.58
1.70
1.55

2.13
1.63
1.38
1.30

2.00
1.67
1.43
1.35

2.05
1.69
1.45
1.35

2.09
1.70
1.47
1.36

1.60
1.51
1.33

1.52
1.47
1.29

1.61
1.52
1.37

1.70
1.56
1.37

1.46
1.40
1.17
1.08

1.46
1.38
1.11
0.99

1.76
1.38
1.13
0.99

1.76
1.40
1.17
1.00

2.03
1.61
1.46
1.35

1.93
1.59
1.45
1.34

1.95
1.63
1.49
1.38

1.97
1.66
1.54
1.40

Golden
499 below
500 to 749
750 to 999
1000 above
Lakewood North
499 below
500 to 749
750 to 999
1000 above
Lakewood South
499 below
500 to 749
750 to 999
1000 above
Wheat Ridge
499 below
500 to 749
750 to 999
1000 above
Jefferson County
499 below
500 to 749
750 to 999
1000 above

Rents are based on units being unfurnished with tenants paying gas
and electricity.

Rents are based on units being unfurnished with tenants paying gas
and electricity.

Average rents do not reflect "rental losses" due to discounts and


concessions.

Average rents do not reflect "rental losses" due to concessions and


discounts.

VIII-13

Rental Losses by Size, Age


and Market Area for Jefferson County

Economic Vacancy Rates by Size, Age


and Market Area for Jefferson County

Includes Discounts and Concessions

Defined as Physcial Vacancy Plus Discounts and Concessions

Average Rent Minus Losses Equals Effective Rent

as a Percentage of Gross Potential Rent

(In Percent)

(In Percent)

2015
Building Type

2016

Building

3rd

4th

1st

2nd

Up to 8

10.0

2.6

7.2

5.5

Up to 6

9 - 50

-0.2

0.9

8.3

6.3

9 - 50

3.8 15.8

100 - 199

6.5

22.8 17.3

3rd

4th

1st

2nd

10.0

5.4

13.8

6.6

1.7

3.7

9.9

11.0

6.1

51 - 99

10.4

6.6

18.1

9.1

8.3

6.8

100 - 199

30.7

20.1

12.4

11.0

12.8

10.3

15.1

10.2

9.8

8.9

10.9

10.7

200 to 349

7.3

7.4

9.6

5.7

200 to 349

350 up

5.5

6.0

5.4

5.3

350 up
Age (year built)

Age
To 1959

2016

Size (in units)

Size

51 - 99

Type

2015

To 1959

20.8

10.6

6.7

16.9

1960-69

9.2

6.8

8.6

5.2

1960-69

9.8

6.8

10.1

7.8

1970-79

5.0

5.7

3.8

5.6

1970-79

7.5

5.7

7.4

9.8

1980-89

9.3 11.3

7.9

4.6

1980-89

12.3

11.3

12.4

9.5

1990-99

5.9

9.3 12.9

4.2

1990-99

10.9

9.3

17.2

8.8

2000-09

10.2

4.9

4.6

2000-09

14.8

4.9

11.2

8.8

2010 up

9.6 31.0 10.3 12.6

2010 up

46.5

31.0

23.6

19.9

Market Area
Arvada

4.3

2.3

4.9

7.0

Market Area
Arvada

8.2

6.3

9.9

10.8

Golden

6.2

8.0

3.6

3.0

Golden

24.7

18.9

7.6

10.7

Lakewood North

8.6 12.2 10.2 10.1

Lakewood North

11.4

18.3

16.0

14.6

Lakewood South

9.5

Wheat Ridge

Average

19.8 10.6

11.6

8.8

3.6 15.5

5.4

9.2

4.1

Lakewood South

15.3

7.9

13.9

8.7

6.4 11.5

9.5

Wheat Ridge

12.6

8.5

15.6

11.9

5.5

5.8

Average

13.9

11.1

13.4

10.4

2.3

8.5

VIII-14

Average Rents for Jefferson County


(in dollars)

Efficency
Market Area Totals
Arvada
Golden
Lakewood North
Lakewood South
Wheat Ridge
Jefferson County Average
Buildings with up to 6 Units
Arvada
Golden
Lakewood North
Lakewood South
Wheat Ridge
Jefferson County Average
Buildings with 7 to 36 Units
Arvada
Golden
Lakewood North
Lakewood South
Wheat Ridge
Jefferson County Average
Buildings with 37 and Above Units
Arvada
Golden
Lakewood North
Lakewood South
Wheat Ridge
Jefferson County Average
Buildings with 5 Stories and Above
Arvada
Golden
Lakewood North
Lakewood South
Wheat Ridge
Jefferson County Average

1 Bed

2 Bed
1 Bath

2 Bed
2 Bath

All

1223.88
1437.75
1101.48
1244.50
846.66
1191.17

1122.17
1287.13
1218.82
1314.49
971.22
1216.22

510.00

885.00
1164.00
706.50

1147.78
1555.00
973.64

1000.00
982.54

1250.00
1077.30

790.00
1002.59
890.86
740.00
776.98
860.18

953.31
1150.00
920.53
834.62
1011.44
955.53

1191.00
900.00
970.67
1001.74

1358.50

1142.50

890.00
1235.53

1142.50

963.44
938.33
969.98
789.64
896.03
936.66

1228.57
1469.76
1112.74
1246.82
856.32
1199.66

1137.29
1842.00
1275.91
1321.15
956.60
1238.91

1706.94
1722.54
1444.28
1500.06
1009.13
1513.67

1809.83
1464.69
1677.61
1842.69
1147.26
1772.18

1699.00
2137.50
1290.06
1420.97
1036.17
1443.95

1373.09
1636.81
1249.33
1392.08
929.55
1341.04

738.18
790.00
660.00
742.96

1341.40
816.81
1293.06
717.19
1033.43

1759.05
1464.69
1606.56
1842.69
1141.13
1755.01

Other

1341.40
710.80
813.35
1293.06
716.18
988.60

510.00

1706.94
1722.54
1443.30
1499.84
1006.01
1511.81

3 Bed

1699.00
2150.46
1262.96
1420.97
1036.17
1423.28

1359.37
1592.97
1228.74
1389.77
927.20
1328.60

3200.00

1104.67
1241.82
1046.16

1350.00
1330.50

1334.40

3200.00

1125.00

1166.67
1104.80

1255.00

1402.00

1325.97

1255.00

1402.00

1325.97

VIII-15

Average Rent for Apartment Building/Community Features and Amenities in Jefferson County
(In Dollars)
With Feature/Amenity
Feature/Amenity

Efficiency

1 Bed

2 Bed
1 Bath

2 Bed
2 Bath

Without Feature/Amenity
3 Bed

All

Efficiency

1 Bed

2 Bed
1 Bath

2 Bed
2 Bath

Difference
3 Bed

All

Outside Storage

1173.39

1235.22

1325.66

1547.28

1793.47

1392.14

936.77

1147.58

1156.48

1466.85

1727.64

1268.71

123.43

Patio or Balcony

1225.47

1256.89

1324.52

1572.84

1898.50

1411.81

742.54

924.79

1037.55

1168.75

1368.86

1049.05

362.76

782.92

1233.70

1334.11

1538.42

1901.42

1389.23

1068.97

1128.86

1101.15

1465.92

1596.76

1245.65

143.58

Nine-Foot Ceilings

1350.01

1322.09

1394.03

1638.81

2006.78

1494.22

757.08

1060.39

1164.12

1352.36

1495.42

1183.12

311.10

Swimming Pool

1066.99

1227.67

1281.20

1565.46

1826.91

1379.61

756.40

928.40

1050.16

1179.94

1403.04

1071.41

308.20

Spa or Sauna

1361.57

1304.40

1361.72

1635.40

2024.85

1466.22

759.09

1011.21

1109.64

1307.60

1489.59

1149.46

316.76

Exercise Room

1307.89

1264.51

1340.20

1587.79

1892.83

1424.50

739.67

931.67

1050.14

1228.40

1368.14

1066.50

357.99

Sport Court

962.50

1190.10

1349.81

1468.29

1830.92

1331.68

989.91

1191.45

1188.27

1522.01

1739.25

1327.89

3.79

Microwave

1317.23

1299.01

1350.40

1635.78

1991.81

1465.05

742.14

1031.41

1130.97

1319.98

1476.32

1161.91

303.14

Washer/Dryer Hookups

1361.57

1295.14

1387.33

1594.34

1951.06

1459.88

759.09

1056.46

1105.69

1365.44

1445.15

1167.48

292.40

Garbage Disposal

1019.82

1215.79

1253.81

1560.05

1804.70

1362.02

734.78

925.07

1028.11

1187.75

1414.08

1086.45

275.58

Dishwasher

1032.91

1219.19

1267.83

1560.19

1819.70

1367.55

712.07

919.35

1013.11

1187.32

1393.95

1074.26

293.29

Air Conditioning

1019.40

1217.31

1270.15

1560.05

1820.26

1366.46

725.45

922.35

1012.19

1187.75

1394.15

1078.32

288.14

Ceiling Fan

1052.88

1231.90

1286.28

1578.46

1855.37

1386.02

777.43

1052.00

1092.56

1316.22

1522.54

1176.38

209.65

Attached Garage

1387.50

1389.79

1616.74

1715.17

2211.96

1578.60

908.83

1117.26

1186.87

1432.63

1627.70

1252.46

326.14

Covered Parking

1317.23

1274.12

1348.63

1576.08

1962.32

1421.78

742.14

1077.78

1104.72

1425.85

1508.70

1220.09

201.68

Clubhouse

1285.47

1278.39

1341.56

1594.92

1886.68

1437.93

738.61

977.71

1066.92

1242.10

1333.29

1081.99

355.94

Business Center

1034.76

1257.86

1330.33

1579.42

1865.50

1415.21

946.65

989.88

1064.92

1293.56

1405.68

1113.15

302.06

Pets Allowed

1148.23

1240.62

1308.70

1568.05

1839.85

1394.60

712.89

887.84

991.59

1172.61

1346.53

1025.89

368.71

Resident Pays Sewer/Water

1084.85

1237.66

1308.74

1574.10

1848.31

1391.94

710.56

940.14

1039.62

1232.72

1448.26

1090.04

301.90

1282.15

1445.33

1592.97

1943.24

1448.47

988.60

1183.57

1199.99

1505.76

1735.70

1319.50

128.98

Fireplace

Unit Security/Alarm System


Handicapped Access

1243.26

1243.48

1318.40

1581.97

1865.57

1405.37

818.84

1123.97

1149.32

1414.44

1647.28

1242.43

162.94

Heat Included in Rent

736.30

975.96

1061.03

1080.00

1220.42

1010.30

1025.83

1196.78

1224.08

1514.22

1762.68

1336.14

-325.84

VIII-16

Apartment Unit Absorption by Quarter and Year for Jefferson County

2013

2014

2015

2016

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
42105
0
42105
3.7%
40556
1549
215
42271
0
42271
3.4%
40827
1444
518
43094
220
43314
3.2%
41932
1382
495
44050
0
44050
4.7%
41988
2062
263

Second
42105
0
42105
3.7%
40539
1566
-17
42271
595
42866
3.7%
41298
1568
471
43314
641
43955
3.4%
42452
1503
520
44050
349
44399
4.1%
42593
1806
605

Third
42105
110
42215
3.6%
40698
1517
159
42866
0
42866
3.2%
41497
1369
200
43955
95
44050
5.1%
41796
2254
-657

Fourth
42215
56
42271
4.6%
40310
1961
-388
42866
228
43094
3.8%
41436
1658
-61
44050
0
44050
5.3%
41725
2325
-71

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.

Estimate of New Apartments by Quarter for Jefferson County


Beginning
Inventory
2009 1st
2nd
3rd
4th
2010 1st
2nd
3rd
4th
2011 1st
2nd
3rd
4th
2012 1st
2nd
3rd
4th
2013 1st
2nd
3rd
4th
2014 1st
2nd
3rd
4th
2015 1st
2nd
3rd
4th
2016 1st
2nd
3rd
4th

Units Added

41488
41488
41488
41488
41488
41488
41488
41488
41571
41571
41662
41662
41677
41677
42105
42105
42105
42105
42105
42215
42271
42271
42866
42866
43094
43314
43955
44050
44050
44050

VIII-17

0
0
0
0
0
0
0
83
0
91
0
15
0
428
0
0
0
0
110
56
0
595
0
228
220
641
95
0
0
349

Ending
Inventory
41488
41488
41488
41488
41488
41488
41488
41571
41571
41662
41662
41677
41677
42105
42105
42105
42105
42105
42215
42271
42271
42866
42866
43094
43314
43955
44050
44050
44050
44399

Year-End
42105
166
42271
4.6%
40310
1961
-27
42271
823
43094
3.8%
41436
1658
1127
43094
956
44050
5.3%
41725
2325
289

Monthly Resident Turnover


By Size, Age of Building, and Market Area
for Jefferson County
(In Percent)

2015
Building Type

2016

3rd

4th

1st

2nd

2.6

4.3

4.4

2.2

Size
Up to 8
9 - 50

2.8

1.6

1.3

3.9

51-99

5.8

2.5

3.8

3.3

100 - 199

4.8

2.9

3.9

4.4

200 to 349

5.3

4.3

3.4

4.6

350 up

5.4

4.0

3.3

5.4

10.7

3.4

5.1

6.3

Age
To 1959
1960-69

2.5

4.1

2.1

4.2

1970-79

5.5

3.5

3.9

4.3

1980-89

5.1

4.0

3.2

5.0

1990-99

5.1

4.2

2.9

4.4

2000-09

5.9

4.4

4.2

5.4

2010 up

4.5

3.4

2.8

4.4

Market Area
Arvada

7.1

3.8

3.8

5.8

Golden

3.7

4.5

1.4

5.9

Lakewood North

5.2

3.4

3.7

4.9

Lakewood South

5.0

3.9

3.3

4.5

Wheat Ridge

4.3

3.1

5.1

3.0

County Average

5.1

3.9

3.4

4.7

VIII-18

Vacancy Rates During the Current Quarter


Jefferson County

Rent Level
$000 to $225
$226 to $250
$251 to $275
$276 to $300
$301 to $325
$326 to $350
$351 to $375
$376 to $400
$401 to $425
$426 to $450
$451 to $475
$476 to $500
$501 to $525
$526 to $550
$551 to $575
$576 to $600
$601 to $625
$626 to $650
$651 to $675
$676 to $700
$701 to $725
$726 to $750
$751 to $775
$776 to $800
$801 to $825
$826 to $850
$851 to $875
$876 to $900
$901 to $925
$926 to $950
$951 to $975
$976 to $1000
$1001 to 1025
$1026 to 1050
$1051 to 1075
$1076 to 1100
$1101 to 1125
$1126 to 1150
$1151 to 1175
$1176 to 1200
$1201 to 1225
$1226 to 1250
$1251 to 1275
$1276 to 1300
$1301 to 1325
$1326 to 1350
$1351 to 1375
$1376 to 1400
$1401 to 1425
$1426 to 1450
$1451 to 1475
$1476 to 1400
$1501 to 1525
$1526 to 1550
$1551 to 1575
$1576 to 1500
$1601 to 1625
$1626 to 1650
$1651 to 1675
$1676 to 1600
$1701 to 1725
$1726 to 1750
$1751 to 1775
$1776 to 1800
$1801 to 1825
$1826 to 1850
$1851 to 1875
$1876 to 1900
$1901 to 1926
$1926 to 1950
$1951 to 1975
$1976 to 2000
$2000 and up
TOTALS

Efficiencies

One Bedroom

Total

Total

Vacant

Two Bedroom
Two Bathroom

Percent Vacant

Total

0.0%
0.0%
0.0%

62
4
4
21

0.0%
0.0%
0.0%
0.0%

0.0%
0.0%
0.0%

33

0.0%

47

2.1%

1
9

0.0%
0.0%

4
22
25
1
47
1
7
16
5
9
18

6
14
11
51
26
87
147
278
53
53
210
366
70
95
65
586
124
288
117
13
400
274
537
176
1003
24
68
388
40
133
444

0.0%
0.0%
0.0%
0.0%
0.0%
1.1%
2.7%
0.0%
0.0%
1.9%
3.3%
3.3%
1.4%
6.3%
1.5%
3.1%
4.0%
8.0%
5.1%
0.0%
1.0%
8.0%
4.7%
0.6%
4.7%
4.2%
10.3%
4.1%
12.5%
6.8%
4.1%

15

144

10.4%

1
4

1
7
12
1
6
1
18
5
23
6

17
1
8
1
2

334
3
75
235
48
55
8
7

5.1%
0.0%
1.3%
3.4%
2.1%
3.6%
0.0%
0.0%

14

0.0%

0.0%

210

0.5%

284

7084

4.0%

Total

Three Bedroom

Percent Vacant

Total

Other

Percent Vacant

Total

Total
Percent Vacant

Total

Percent

0.0%

0.0%

11
10
2
22
5
4
7
3

1
6
3
1
4
2
2
4
3
2
8
9
15
24
28
18
77
61
176
134
77
57
35
46
208
28
126
42
12
45
18
284
241
48
150
64
114
213
111

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
9.8%
2.3%
1.5%
3.9%
5.3%
2.9%
2.2%
4.3%
0.0%
7.9%
7.1%
0.0%
6.7%
0.0%
3.9%
4.1%
4.2%
14.7%
7.8%
3.5%
3.3%
2.7%

1
1
4
3
2

18
24
31
90
27

5.6%
4.2%
12.9%
3.3%
7.4%

108

6.5%

1
9
3
2
13
2
15
12
26
13
121
39
107
218
311
73
145
279
560
227
214
225
748
195
588
180
168
489
376
640
445
1322
360
271
823
143
1083
881
355
459
157
616
199
641
540
126
114
252
37
226
27
67
58
145
202
161
48

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.9%
1.8%
0.0%
0.0%
0.7%
4.7%
2.9%
1.3%
4.2%
1.8%
2.5%
3.1%
5.6%
4.4%
6.0%
1.8%
6.1%
4.4%
0.7%
4.4%
4.2%
13.7%
5.2%
9.8%
2.9%
3.6%
4.5%
6.3%
1.9%
7.6%
7.0%
3.0%
4.3%
1.6%
2.6%
4.0%
13.5%
7.1%
0.0%
4.5%
1.7%
1.4%
5.9%
4.3%
2.1%

375
13
14
438
16598

4.8%
7.7%
0.0%
5.3%
4.1%

6
4
2
3
3
1
1
9
10
3
3

Percent Vacant

0.0%

13
1
9

1
10

Percent Vacant

Two Bedroom
One Bathroom

127

2798

0.0%

4.5%

0.0%

3
1
2
10
3

1
2
5
2
9
8
15
11
34
53
84
22
68
23
25
43
76
23
244
33
82
128
203
27
759
214
156
286
97
256
156
441
160
56
24
136
18
202
27
53
58
141
132
113

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
1.5%
0.0%
0.0%
4.7%
1.3%
0.0%
0.8%
0.0%
4.9%
21.1%
2.5%
14.8%
2.2%
3.3%
8.3%
4.5%
1.0%
11.3%
6.4%
2.5%
5.0%
1.8%
0.0%
2.2%
11.1%
6.9%
0.0%
5.7%
1.7%
1.4%
7.6%
2.7%

18
1

375
13

4.8%
7.7%

14
227

122
5217

11.5%
4.4%

2
1
2
4
27
5
4
17
7
13
13
1
29
10
11
8
1
3
2
14

Data is only for buildings with a Certificate of Occupancy. Rents are calculated as if units are unfurnished.

VIII-19

24

0.0%

0.0%

2
2
7
50
26
3
24
4
4
1
8
2
4
1
8
24
39
1
4

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
4.2%
0.0%
0.0%
0.0%

71
1
12
2
3

0.0%
0.0%
0.0%
0.0%
0.0%

16.7%

12

25.0%

0.0%

17

0.0%

25.0%

1
1

3
6
33
3
1
5
3
10
11
26
10
17
28
30

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
3.6%
3.3%

6
35
112
22
35

0.0%
11.4%
3.6%
0.0%
2.9%

24

8.3%

1
13
16
3
9
4
19
6
33
8
10
9
23
28
3
58
15
37
43
14
31
32
16
29
3
47
14
19
23
2
3
10
5
16

2.9%
11.1%
2.1%

3
1
2
12
7
1

4
4

2
4
1

68
36
48

0.0%

1
4

12

0.0%

18
1
9
31

14
234
849

0.0%
3.8%
3.7%

82
440

0.0%
1.1%

23
675

Vacancy Rates During the Current Quarter


Arvada

Rent Level
$000 to $225
$226 to $250
$251 to $275
$276 to $300
$301 to $325
$326 to $350
$351 to $375
$376 to $400
$401 to $425
$426 to $450
$451 to $475
$476 to $500
$501 to $525
$526 to $550
$551 to $575
$576 to $600
$601 to $625
$626 to $650
$651 to $675
$676 to $700
$701 to $725
$726 to $750
$751 to $775
$776 to $800
$801 to $825
$826 to $850
$851 to $875
$876 to $900
$901 to $925
$926 to $950
$951 to $975
$976 to $1000
$1001 to 1025
$1026 to 1050
$1051 to 1075
$1076 to 1100
$1101 to 1125
$1126 to 1150
$1151 to 1175
$1176 to 1200
$1201 to 1225
$1226 to 1250
$1251 to 1275
$1276 to 1300
$1301 to 1325
$1326 to 1350
$1351 to 1375
$1376 to 1400
$1401 to 1425
$1426 to 1450
$1451 to 1475
$1476 to 1400
$1501 to 1525
$1526 to 1550
$1551 to 1575
$1576 to 1500
$1601 to 1625
$1626 to 1650
$1651 to 1675
$1676 to 1600
$1701 to 1725
$1726 to 1750
$1751 to 1775
$1776 to 1800
$1801 to 1825
$1826 to 1850
$1851 to 1875
$1876 to 1900
$1901 to 1926
$1926 to 1950
$1951 to 1975
$1976 to 2000
$2000 and up
TOTALS

Vacant

Efficiencies

One Bedroom

Total

Total

Percent Vacant

1
3

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Percent Vacant

0.0%

3
2
6
11
4
12
21
36
14
13
15
11
4
26
1
2
111

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
4.8%
0.0%
0.0%
0.0%
6.7%
27.3%
0.0%
0.0%
0.0%
0.0%
4.5%

Total

1
1
1

33

0.0%

12

0.0%
7

56
73

159

1.8%
0.0%

4.4%

Percent Vacant

Total

Three Bedroom

Percent Vacant

Total

1
2
2
1
4
6
13
18
19
8
7
16
19
48
19
11
6
11
13
14
81
7
11
8
10
14
33

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
2.1%
5.3%
9.1%
0.0%
0.0%
0.0%
0.0%
1.2%
0.0%
0.0%
0.0%
0.0%
7.1%
0.0%

0.0%

77

3.9%

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
2.6%
0.0%
0.0%
0.0%
3.2%
10.0%
1.9%
2.2%
8.3%
0.0%
4.1%
0.0%
9.1%
1.2%
0.0%
0.0%
0.0%
1.4%
1.1%
0.0%
0.0%
0.0%
0.0%
0.0%
3.2%

73

0.0%

0.0%

10

1
5
4
7
15
10
25
39
55
22
20
31
30
52
45
12
8
122
13
22
81
7
16
8
69
87
34
1
40
2
12
316

112

2.7%

25
8

0.0%
12.5%

3
1
10
2

137
8
177
24

2.2%
12.5%
5.6%
8.3%

21

4.8%

12

25.0%

1
3
1
1
1
5
2

25.0%

0.0%

0.0%

1
1
3
2

0.0%
0.0%
0.0%
0.0%

2
1

1
1

21

24

8.3%

4.8%

0.0%

28

761

3.7%

Percent

0.0%
0.0%

5.6%

Total

1
4

45

Total
Percent Vacant

0.0%

1
177

Total

3
10

Other

Percent Vacant

505

1.8%

12

25.0%

10

132

7.6%

10

132

7.6%

11

146

7.5%

11

146

7.5%

26

487

5.3%

2
71

63
1936

3.2%
3.7%

Data is only for buildings with a Certificate of Occupancy. Rents are calculated as if units are unfurnished.

VIII-20

2
5

63
126

3.2%
4.0%

12

25.0%

Vacancy Rates During the Current Quarter


Golden

Rent Level
$000 to $225
$226 to $250
$251 to $275
$276 to $300
$301 to $325
$326 to $350
$351 to $375
$376 to $400
$401 to $425
$426 to $450
$451 to $475
$476 to $500
$501 to $525
$526 to $550
$551 to $575
$576 to $600
$601 to $625
$626 to $650
$651 to $675
$676 to $700
$701 to $725
$726 to $750
$751 to $775
$776 to $800
$801 to $825
$826 to $850
$851 to $875
$876 to $900
$901 to $925
$926 to $950
$951 to $975
$976 to $1000
$1001 to 1025
$1026 to 1050
$1051 to 1075
$1076 to 1100
$1101 to 1125
$1126 to 1150
$1151 to 1175
$1176 to 1200
$1201 to 1225
$1226 to 1250
$1251 to 1275
$1276 to 1300
$1301 to 1325
$1326 to 1350
$1351 to 1375
$1376 to 1400
$1401 to 1425
$1426 to 1450
$1451 to 1475
$1476 to 1400
$1501 to 1525
$1526 to 1550
$1551 to 1575
$1576 to 1500
$1601 to 1625
$1626 to 1650
$1651 to 1675
$1676 to 1600
$1701 to 1725
$1726 to 1750
$1751 to 1775
$1776 to 1800
$1801 to 1825
$1826 to 1850
$1851 to 1875
$1876 to 1900
$1901 to 1926
$1926 to 1950
$1951 to 1975
$1976 to 2000
$2000 and up
TOTALS

Vacant

Efficiencies

One Bedroom

Total

Total

Percent Vacant

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Percent Vacant

Total

Percent Vacant

Total

Three Bedroom

Percent Vacant

Total

Other

Percent Vacant

Total

Total
Percent Vacant

Total

Percent

0.0%

0.0%

0.0%

0.0%

12

0.0%

12

0.0%

0.0%
0.0%
0.0%
4.0%
6.1%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
47.6%
0.0%
0.0%

0.0%
1
2

4
8
8
25
25
16
18

0.0%
0.0%
0.0%
4.0%
8.0%
0.0%
0.0%

2
4

0.0%
0.0%

0.0%

0.0%

20

7
1

157
3
60
19
40
49
8
7

4.5%
0.0%
1.7%
0.0%
0.0%
0.0%
0.0%
0.0%

14

0.0%

0.0%

11

471

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
47.6%
0.0%
0.0%

0.0%

0.0%

1
2

0.0%
0.0%

6
2

0.0%
0.0%

0.0%

2
3

0.0%
0.0%

3
3

0.0%
0.0%

0.0%

0.0%

6
157
9
73
24
41
49
8
7

0.0%
4.5%
0.0%
6.8%
0.0%
0.0%
0.0%
0.0%
0.0%

14
4
4
2
3

0.0%
0.0%
0.0%
0.0%
0.0%

229
1

3.1%
0.0%

7
49

145
1103

4.8%
4.4%

1
2

20

7
2

0.0%

0.0%

0.0%

229
1

3.1%
0.0%

7
34

63
464

11.1%
7.3%

6
11
5
1

0.0%
36.4%
0.0%
0.0%

0.0%
2

25

3
3
1
5
3
4
2
14
16
13
13
7
21
42
13
1

4
8
9
25
33
19
19
5
3
4
2
16
21
21
13
8
23
42
19
3

2.3%

16

0.0%

0.0%

Data is only for buildings with a Certificate of Occupancy. Rents are calculated as if units are unfurnished.

VIII-21

45

8.9%

82
82

0.0%
0.0%

Vacancy Rates During the Current Quarter


Lakewood North

Rent Level
$000 to $225
$226 to $250
$251 to $275
$276 to $300
$301 to $325
$326 to $350
$351 to $375
$376 to $400
$401 to $425
$426 to $450
$451 to $475
$476 to $500
$501 to $525
$526 to $550
$551 to $575
$576 to $600
$601 to $625
$626 to $650
$651 to $675
$676 to $700
$701 to $725
$726 to $750
$751 to $775
$776 to $800
$801 to $825
$826 to $850
$851 to $875
$876 to $900
$901 to $925
$926 to $950
$951 to $975
$976 to $1000
$1001 to 1025
$1026 to 1050
$1051 to 1075
$1076 to 1100
$1101 to 1125
$1126 to 1150
$1151 to 1175
$1176 to 1200
$1201 to 1225
$1226 to 1250
$1251 to 1275
$1276 to 1300
$1301 to 1325
$1326 to 1350
$1351 to 1375
$1376 to 1400
$1401 to 1425
$1426 to 1450
$1451 to 1475
$1476 to 1400
$1501 to 1525
$1526 to 1550
$1551 to 1575
$1576 to 1500
$1601 to 1625
$1626 to 1650
$1651 to 1675
$1676 to 1600
$1701 to 1725
$1726 to 1750
$1751 to 1775
$1776 to 1800
$1801 to 1825
$1826 to 1850
$1851 to 1875
$1876 to 1900
$1901 to 1926
$1926 to 1950
$1951 to 1975
$1976 to 2000
$2000 and up
TOTALS

Vacant

Efficiencies

One Bedroom

Total

Total

Percent Vacant

4
4
21

0.0%
0.0%
0.0%

0.0%

0.0%
0.0%

6
1
61
4
10
38
29
31
150
41
42
47
339
13
6
117
1
42
2
41

0.0%
0.0%
1.6%
0.0%
0.0%
0.0%
0.0%
0.0%
0.7%
0.0%
9.5%
2.1%
2.9%
0.0%
16.7%
5.1%
0.0%
0.0%
0.0%
12.2%

3
1
7
10
5
1
4

114
24
56
129
40
25
36

2.6%
4.2%
12.5%
7.8%
12.5%
4.0%
11.1%

1
4
1
10
1
6

Two Bedroom
Two Bathroom

Percent Vacant

1
5

Two Bedroom
One Bathroom
Total

1
1

7
2
3
8

60

1451

4.1%

Total

Other

Percent Vacant

Total

Total
Percent Vacant

Total

Percent

0.0%

0.0%

1
6
3

0.0%
0.0%
0.0%

1
6
3

0.0%
0.0%
0.0%

4
2
1
2

0.0%
0.0%
0.0%
0.0%

4
2
1
4
5

0.0%
0.0%
0.0%
0.0%
0.0%

1
3
4
9
15
9
9
12
14
16
29
22
29
14
29
28
1
10
4
118
96

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
7.1%
0.0%
3.4%
0.0%
0.0%
0.0%
24.1%
7.1%
0.0%
30.0%
0.0%
6.8%
0.0%

20

0.0%

3
5
6
2

6
5
66
53
15
47
52
40
165
56
67
69
383
51
60
144
42
91
26
60
25
241
136
62
163
73
315
37
112
18
65
74
51
145
44

0.0%
0.0%
1.5%
0.0%
0.0%
0.0%
0.0%
0.0%
0.6%
0.0%
7.5%
1.4%
2.9%
0.0%
1.7%
4.2%
16.7%
4.4%
0.0%
13.3%
8.0%
4.6%
2.9%
12.9%
6.1%
12.3%
1.6%
10.8%
2.7%
0.0%
0.0%
4.1%
9.8%
4.1%
4.5%

66

6.1%

39

7.7%

35

Three Bedroom

Percent Vacant

0.0%

Total

24
24
12
6

683

2
3
1

4.2%
16.7%
0.0%
16.7%

5.1%

0.0%

1
4

31

Percent Vacant

2
1
6

1
1

0.0%
0.0%

0.0%

4
1
4
4
6
13
17
9
8
17
15
7
17
8
6
6
7
26
219

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
11.8%
0.0%
0.0%
11.8%
0.0%
50.0%
16.7%
0.0%
15.4%
0.0%

16
35
48
24
133

0.0%
0.0%
4.2%
4.2%
4.5%

0.0%

0.0%

0.0%

6
1
1
2
2
18

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%

32

0.0%

24

0.0%

0.0%

2
2
7
2
9
3
8
4
4
1
8
2
4
1
8

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%

7
1
4

0.0%
0.0%
0.0%

71

0.0%

12
2
3

0.0%
0.0%
0.0%

16.7%

1
5
1
11
1
6
7
4
8
2
11
4
8
10
9
5
4
3

2
1

12
18
12

0.0%
11.1%
8.3%

2
1

12
18
12

0.0%
11.1%
8.3%

1
1

29
46

3.4%
2.2%

1
1

29
46

3.4%
2.2%

1
123

1
14
3218

0.0%
7.1%
3.8%

26

Data is only for buildings with a Certificate of Occupancy. Rents are calculated as if units are unfurnished.

VIII-22

773

3.4%

1
1

1
14
84

0.0%
7.1%
1.2%

196

0.5%

Vacancy Rates During the Current Quarter


Lakewood South

Rent Level
$000 to $225
$226 to $250
$251 to $275
$276 to $300
$301 to $325
$326 to $350
$351 to $375
$376 to $400
$401 to $425
$426 to $450
$451 to $475
$476 to $500
$501 to $525
$526 to $550
$551 to $575
$576 to $600
$601 to $625
$626 to $650
$651 to $675
$676 to $700
$701 to $725
$726 to $750
$751 to $775
$776 to $800
$801 to $825
$826 to $850
$851 to $875
$876 to $900
$901 to $925
$926 to $950
$951 to $975
$976 to $1000
$1001 to 1025
$1026 to 1050
$1051 to 1075
$1076 to 1100
$1101 to 1125
$1126 to 1150
$1151 to 1175
$1176 to 1200
$1201 to 1225
$1226 to 1250
$1251 to 1275
$1276 to 1300
$1301 to 1325
$1326 to 1350
$1351 to 1375
$1376 to 1400
$1401 to 1425
$1426 to 1450
$1451 to 1475
$1476 to 1400
$1501 to 1525
$1526 to 1550
$1551 to 1575
$1576 to 1500
$1601 to 1625
$1626 to 1650
$1651 to 1675
$1676 to 1600
$1701 to 1725
$1726 to 1750
$1751 to 1775
$1776 to 1800
$1801 to 1825
$1826 to 1850
$1851 to 1875
$1876 to 1900
$1901 to 1926
$1926 to 1950
$1951 to 1975
$1976 to 2000
$2000 and up
TOTALS

Efficiencies

One Bedroom

Total

Total

Vacant

Percent Vacant

10

0.0%

2
1
31
7

0.0%
0.0%
0.0%
0.0%

118

2.5%

60

8.3%

1
227

0.0%
3.5%

Total

60

3.3%

36

12
356
60
496
120
560

0.0%
1.1%
1.7%
4.0%
0.0%
6.4%

12
259

0.0%
2.3%

2.9%

2
7

36
249

5.6%
2.8%

15

144

10.4%

8
1
2

15
216
8
6

0.0%
3.7%
12.5%
33.3%

Percent Vacant

0.0%

4
1

0.0%
0.0%

3
1
22
36
80
2
1

0.0%
0.0%
0.0%
16.7%
1.3%
0.0%
0.0%

13
20

7.7%
10.0%

0.0%

19

0.0%

2
10
2

152
112
48

1.3%
8.9%
4.2%

64
48
60
72

7.8%
0.0%
1.7%
0.0%

Total

6
1

1
2

7
76

108

0.0%
3.9%

1
6
5

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
1.9%
7.5%
2.7%

15
7
13
10
1

434
140
156
158
60

3.5%
5.0%
8.3%
6.3%
1.7%

5
8
1

308
160
56
24

1.6%
5.0%
1.8%
0.0%

120

3057

3.9%

Total

Total
Percent Vacant

Total

190
27
24
8
141

6.8%
0.0%
8.3%
0.0%
1.4%

40

951

4
1

0.0%

2
1
1
25

0.0%
0.0%
0.0%
0.0%

0.0%

3
1
35
8

0.0%
0.0%
0.0%
0.0%

38
11
9
11
5
18
15
13
26
1

118
3
1
23
96
80
12
1
4
232
17
99
10
27
369
69
527
334
730
166
166
475
65
578
449
240
304
60

2.5%
0.0%
0.0%
0.0%
11.5%
1.3%
0.0%
0.0%
0.0%
3.4%
5.9%
4.0%
0.0%
0.0%
1.1%
1.4%
3.8%
0.0%
5.2%
6.6%
5.4%
2.3%
7.7%
3.1%
3.3%
5.4%
8.6%
1.7%

12
1

0.0%
100.0%

24
75
21
35

0.0%
5.3%
0.0%
2.9%

8
20
2
3
7

7
423
451
85
65
108

0.0%
1.9%
4.4%
2.4%
4.6%
6.5%

190
27
24
8
141
68
158
24

6.8%
0.0%
8.3%
0.0%
1.4%
2.9%
4.4%
4.2%

12
13
200
7307

8.3%
0.0%
6.0%
3.8%

4
1
20

24
32

4.2%
0.0%

0.0%

110

2.7%

12

8.3%

7
100

4.2%

Data is only for buildings with a Certificate of Occupancy. Rents are calculated as if units are unfurnished.

VIII-23

59
2697

11.9%
3.7%

13
2

2
4
1

68
36
24

2.9%
11.1%
4.2%

5
18

13
141
488

0.0%
3.5%
3.7%

12

0.0%

2
2
7
1

69

1.4%

Percent

8
1
4

6.5%

2.2%

Other

Percent Vacant

0.0%

3
5
4
19
10
15
12
9
3
214
18
54
80
183

45

Total

11
1

13

Three Bedroom

Percent Vacant

0.0%

4
1
20

35

Two Bedroom
Two Bathroom

Percent Vacant

Two Bedroom
One Bathroom

12
280

Vacancy Rates During the Current Quarter


Wheat Ridge

Rent Level
$000 to $225
$226 to $250
$251 to $275
$276 to $300
$301 to $325
$326 to $350
$351 to $375
$376 to $400
$401 to $425
$426 to $450
$451 to $475
$476 to $500
$501 to $525
$526 to $550
$551 to $575
$576 to $600
$601 to $625
$626 to $650
$651 to $675
$676 to $700
$701 to $725
$726 to $750
$751 to $775
$776 to $800
$801 to $825
$826 to $850
$851 to $875
$876 to $900
$901 to $925
$926 to $950
$951 to $975
$976 to $1000
$1001 to 1025
$1026 to 1050
$1051 to 1075
$1076 to 1100
$1101 to 1125
$1126 to 1150
$1151 to 1175
$1176 to 1200
$1201 to 1225
$1226 to 1250
$1251 to 1275
$1276 to 1300
$1301 to 1325
$1326 to 1350
$1351 to 1375
$1376 to 1400
$1401 to 1425
$1426 to 1450
$1451 to 1475
$1476 to 1400
$1501 to 1525
$1526 to 1550
$1551 to 1575
$1576 to 1500
$1601 to 1625
$1626 to 1650
$1651 to 1675
$1676 to 1600
$1701 to 1725
$1726 to 1750
$1751 to 1775
$1776 to 1800
$1801 to 1825
$1826 to 1850
$1851 to 1875
$1876 to 1900
$1901 to 1926
$1926 to 1950
$1951 to 1975
$1976 to 2000
$2000 and up
TOTALS

Vacant

Efficiencies

One Bedroom

Total

Total

Percent Vacant

13
1

0.0%
0.0%

43

0.0%

1
1

Two Bedroom
Two Bathroom

Percent Vacant

0.0%

2
5
4
3
14
14
4
232
1
7
96

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
14.3%
1.0%

Two Bedroom
One Bathroom

0.0%

Total

3
1
1

2
1

Percent Vacant

0.0%

2
1
3
2

0.0%
0.0%
0.0%
0.0%

33

0.0%

68
72
39

4.4%
1.4%
2.6%

0.0%

16
6

12.5%
16.7%

0.0%

Total

1
1
4
2
5
8
11
10
27
43
72

Three Bedroom

Percent Vacant

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%

Total

0.0%

17

0.0%

0.0%

389

0.5%

249

Total

Total
Percent Vacant

Total

3.2%

Data is only for buildings with a Certificate of Occupancy. Rents are calculated as if units are unfurnished.

VIII-24

0.0%

185

0.0%

42

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
2.2%
1.0%
3.8%
1.2%
1.5%
0.0%
0.0%

48
17

0.0%
0.0%

16

0.0%

18

0.0%

16
6

12.5%
16.7%

24
4

0.0%
0.0%

0.0%

1003

1.0%

1
1
3
1
1

0.0%

0.0%

Percent

13
3
5
5
46
16
16
8
238
3
46
104
79
82
68
91
106

2
1
24

57

Other

Percent Vacant

81

0.0%

10

DEFINITION OF JEFFERSON COUNTY MARKET AREAS


AND CENSUS TRACTS

Market Area Boundaries:


Arvada

North: Jefferson; East Sheridan Blvd. and Boulder-Denver Turnpike;


South: Wheat Ridge and Colorado 58; West Jefferson County

Golden

North: Colorado 58; East and South: I-70; West: Jefferson County line

Lakewood-North

North: City of Wheat Ridge and Edgewater; East: Sheridan; South:


Alameda; West: I-70

Lakewood-South

North: Alameda; East: City and County of Denver boundary; South and
West: Jefferson County

Wheat Ridge

All of City of Wheat Ridge and City of Edgewater

Census Tracts:
Arvada

98.04 (pt), 98.05 (pt), 98.12 (pt), 98.14 (pt), 98.15 (pt 98.l8 (pt), 98.19
(pt), 98.20 (pt), 98.21 (pt), 102.04 (pt), 102.05 (pt), 102.06,
102.07,102.08 (pt), 102.99 (pt), 103.03 (pt), 103.04, 103.05, 103.06,
103.07

Golden

98.04 (pt), 98.08 (pt), 98.10 (pt), 99 (pt), 100 (pt), 101 (pt), 117.14 (pt)

Lakewood - North

98.07 (pt), 105.4 (pt), 108.3 108.98, 109.01 (pt), 109.02, 110, 111,
112.01, 112.01 (pt), 112.02, 113 (pt), 114, 115.50, 115.87,115.88,
116.01, 116.02, 117.13 (pt), 117.14 (pt)

Lakewood - South

117.01, 117.02, 117.08, 117.09 (pt), 117.10 (pt), 117.11, 117.12 (pt),
117.16, 117.17 (pt), 117.18 (pt), 117.19 (pt) 118.01, 118.03, 118.04 (pt),
119.04 (pt), 119.51 (pt), 119.83, 119.88, 120.33 (pt), 120.11 (pt), 120.15
(pt), 120.16 (pt), 120.17 (pt), 120.29 (pt), 120.50 (pt), 120.54 (pt)

Wheat Ridge,
Edgewater

Wheat Ridge - 98.05 (pt), 98.06 (pt), 103.08 (pt), 104.02 (pt), 104.05
(pt), 104.06 (pt), 105.02 (pt), 105.03, 105.04 (pt), 106.03 (pt), 106.04
(pt), 107.01, 107.02 (pt)
Edgewater - 107 (pt), 113, 114 (pt)

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