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DENVER METRO

APARTMENT VACANCY & RENT

FOURTH QUARTER 2014 REPORT

SPONSORED BY:



  

Colorado Division
of Housing

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
Fourth Quarter 2014
Sponsored by

Apartment Association of Metro Denver


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

Denver Housing Authority

Researched and authored by


Ron L. Throupe, Ph.D.
University of Denver
Daniels College of Business
Burns School of Real Estate & Construction Management
944 Aztec Dr.
Castle Rock, CO 80108
(425) 681-6602 voice
rthroupe@du.edu
Jennifer L. Von Stroh
Colorado Economic and Management Associates
2581 East Wynterbrook Drive
Littleton, Colorado 80126-4519
303-818-0510
VonStrohHousingSurvey@gmail.com
Copyright 2015

Survey Sponsors
Apartment Association of Metro Denver
7100 E. Belleview Avenue, Suite 305
Greenwood Village, CO 80111
Mary Wessler, president
Mark Williams, executive vice president
Phone: (303) 329-3300; fax (303) 329-0403

Apartment Realty Advisors


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

Colorado Housing and Finance Authority


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

Colorado Division of Housing

1313 Sherman Street


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

Pierce-Eislen

9200 East Pima Parkway, Suite 150


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

Multifamily Capital Advisors

6950 E. Belleview Avenue, Suite 320


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

Survey Authors and Researchers

Ron L. Throupe, Ph.D.


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

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

Copyright 2015

m u ltifa m ily c a p

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From homeless shelters to downpayment assistance, we can help your


organization better serve your community.
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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 4TH

Vacancy Rate

QUARTER 2014

10%

4.7%
Last Quarter: 3.9%

$1,150

9%

$1,100

8%
$1,050

7%

Average Rent

6%

$1,168.65
Last Quarter: $1,145.49

$1,000

5%
$950

4%
3%

Average per sq. ft.

$900

2%

$1.39
Last Quarter:$1.36

$850

1%
0%

Discount / Concessions

09 Q4

10Q2

10Q4

11Q2

Line: Percent Vacant

8.7%
Last Quarter: 9.3%

11Q4

12Q2

12Q4

13Q2

13Q4

Bar: Average Rent (in dollars)

14Q2

14Q4

$800

PREV. YEAR

County Overview
Vacancy Rate

Average Rent

Rate (/sq. ft.)

Adams

3.7%

$1,096.11

$1.33

13.3%
Last Quarter: 13.0%

Arapahoe

4.9%

$1,120.14

$1.31

Boulder/Broomfield

7.2%

$1,329.54

$1.55

Net Absorption (Units)

Denver

4.6%

$1,183.28

$1.51

Douglas

4.0%

$1,384.25

$1.42

Jefferson

3.8%

$1,123.56

$1.31

Economic Vacancy

-1,021

Last Quarter: 4,470

Yearly Economic Vacancy


23.4%

25.1%

24.3%

Hottest Sub-Markets

(Average of all four quarters)

Aurora North

Aurora - Central SE

Wheat Ridge

Denver - City Park

Denver -West Central

Longmont

1.0%

23.3%
18.5%

17.5%

17.7%

17.0%

16.6%

15.2%

13.7%

12.7%

13.1%

1.5%
1.8%

2002

Year

2003

2004

Q1

2005

2006

Q2

2007

Q3

2008

2009

Q4

2010

2011

Average

2012

2013

2014

2.4%
2.4%
2.7%

VACANCY RATE:
This Quarter:
Last Quarter:
This Quarter 2013:
This Quarter 2012:

4.7%
3.9 %
5.2 %
4.9%

Five counties were up in their vacancy rate, and one was down.
Twenty three market areas showed an increase in their vacancy rate,
while twelve showed a decrease, and two remained the same.
Buildings with 350 and More units had the highest vacancy rate at 5.2
%. Buildings with up to 8 units had the lowest vacancy rate of 2.3 %.
Historically, larger buildings have the highest vacancy rates.
Buildings constructed since 2005 had the highest vacancies at 8.7 %.
Those constructed between before 1939 had the lowest vacancy rate
at 2.0 %.
Efficiencies were 3.5 % vacant; one-bedrooms 4.4 % vacant; twobedroom one bath 4.1 %; two-bedroom, two bath 5.4 % vacant; and
three bedroom 5.2 % vacant.

RENTAL RATES:
Average rent:
Last quarter:
This quarter 2013:
This quarter 2012:

$ 1,168.65
$ 1,145.49
$ 1,041.61
$ 978.99

Median rent:
Last quarter:
This quarter 2013:
This quarter 2012:

$ 1,123.81
$ 1,109.32
$ 990.31
$ 911.12

Rent / square foot:


Last quarter:
This quarter 2013:
This quarter 2012:

$ 1.39
$ 1.36
$ 1.23
$ 1.14

Average Rent for Units Constructed:


2005-2012:
$1,527.83
2000-2004:
$1,304.43
1990-1999
$1,353.86
1980-1989
$1,100.00
1970-1979
$ 920.05
1960-1969
$ 962.50
1959 and prior
$ 939.17
Rents do not include the cost of rental discounts and concessions.
For the fourth quarter of 2014, rental discounts and concessions
averaged 8.7 percent, down from 9.1 percent for the prior quarter.

ECONOMIC VACANCY:
This Quarter:
Last Quarter:
This quarter 2013:
This quarter 2012:

13.3 %
13.0 %
12.9%
12.3%

Economic vacancy is defined as physical vacancy plus concessions and


discounts as a percent of gross potential rent.

INVENTORY:

New Units Added: 2,286 | Total Units: 305,708

For the fourth quarter of 2014, there was a net absorption of -1021 units for
the metropolitan Denver area. For all of 2014, 8,631 units were absorbed.
For all of 2013, 3,132 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).

OVERALL COMMENTS:
Given an increase 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, rent
increase and a low vacancy rate 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 2014 as expected increased, as seasonal construction was completed and permitted construction obtained certificates of occupancy.
2286 new units were reported for this quarter. Thus as expected there
were jumps in sub markets vacancy while new units are absorbed, and
a slight increase in the Denver overall vacancy. The overall average rent
for the last ten years has increased from around $800.00 in 2002 to over
$1,168.65 this quarter. The overall vacancy rate was at 4.7%. Absorption
was negative for the quarter. 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.
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 June, except for resident turnover
and rental losses, which is for May.
This survey is conducted via mail and online submissions. It includes
only those units with a certificate of occupancy. The fourth quarter 2014
Survey includes information on 118,213 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:
Last quarter we reported on the demographic changes and in-migration
happening in the Denver metro area that is extending the apartment
cycle and sustaining demand, resulting in rent increases. For some, rent
increases indicate a problem, while for others, it is a sign of a desirable place to live and work. Denver is known to have a highly educated
workforce and a greater than average amount of professional service
jobs compared to national averages (Bureau of Labor Statistics). The
Denver metro unemployment rate continues to be below the national
averagethe US unemployment rate as of November was 5.0%, the
Colorado overall rate was 4.0%, and the Denver metro area rate was
3.8%. These numbers are partially a result of job creation, estimated at
40,000 jobs for the metro Denver area this past year, and partially due
to existing jobs waiting for those moving into the area. Thus, the future
levels of rent increases will be determined by who rents within the Denver metro area and how wage increases relate to rent increases.
This quarter saw rents continue to increase while vacancy went up
slightly. Traditionally, an increase in vacancy in the 4th quarter is a
seasonal increase. This past quarter change was no different and within
historical expectations. The previous year the quarterly change for this
period was the same percentage increase of 0.8%. What is different this
year is that rents did not slide or stagnate with the seasonal vacancy
increase. Rents for this quarter reached another new high with median
rent up $14.49 and average rent up $23.16 per month. The average changing by a greater amount than the median is a reflection of
new units at much higher rents than the median. The real question is
whether rent increases and the rent to income ratio is sustainable going
forward or if further supply will erode rent increases. The answer lies in
the future of Denver as a major city. The old portrayal of Denver being
a cow town is fading, and it is becoming a major city. Its centralized
location, air transportation hub (which will only become more dominate
due to the expansion capabilities of Denver International Airport), quality workforce and natural amenities are all driving Denvers popularity.
The summer of 2015 will be telling as to the demand for units, with
more units being constructed and, at least for now, a lower gas price
affecting the energy industry that is a large employer and space user.
The 2015 multi-family forecast by Pierce-Eislen predicts Denver to continue to sustain the recent growth in rents and ability to absorb units. In
fact, they expect the Denver market to be a leader with a 9% increase
in class A unit rents and 10% in class B and C units rents. As the highend Class A unit rents rise, some renters shift to units that have overall
lower rents, the effects of which can be seen in this forecast of Class B
and C unit rents growing faster. This forecast is based on employment
growth greater than US averages resulting in supply trying to catch up
to demand. The rental conditions in Denver may concern some, but
in comparison to other major cities, Denver rents are moderate. Next
quarter we will examine how Denver compares in this regard to other
major cities.

METRO DENVER
SUBMARKETS

LONGMONT
2.7%
$1,168.77

(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)


4.9%
5.4%
$1,390.61
$1,347.29

BROOMFIELD
UNIVERSITY
3.5%
$1,521.51
BROOMFIELD
10.7%
$1,313.00

ADAMS
NORTHGLENN / THORNTON
4.2%
$1,156.80

JEFFERSON

WESTMINSTER
3.3%
$1,027.68

COMMERCE CITY
4.0%
$1,205.60

ARVADA
2.9%
$1,101.84

GOLDEN
3.4%
$1,211.21

DENVER
DENVER NW
DENVER NC DENVER NE
3.1%
2.4%
3.3%
WHEAT RIDGE $1,360.56
$1,351.79
$1,033.90
DOWNTOWN
1.5%
4.5%
$883.86
$1,608.74
DENVER EC
DENVER WC DENVER C
6.8%
6.9%
1.8%
$1,145.04 $1,193.43
$869.81
LAKEWOOD N
3.9%
$1,052.87

LAKEWOOD S
4.5%
$1,176.60

DENVER SW
2.8%
$1069.83

GLENDALE
DENVER SC
5.7% DENVER SE 6.6%
$997.33
3.8%
$1,312.38
$979.37
DENVER
FAR SE
4.2%
$1,023.03

ENGLEWOOD
SHERIDAN
3.5%
$1,119.02
LITTLETON
3.8%
$1,158.28

ARAPAHOE
COUNTY S
4.7%
$1,347.39

DOUGLAS
CASTLE ROCK
3.3%
$1,281.93

AURORA NORTH
1.0%
$739.11

AURORA CNW
8.5%
$1,169.83
AURORA CSW
4.0%
$993.19

AURORA CNE
2.4%
$865.70

AURORA CSE
3.8%
$1,058.28

AURORA SOUTH
4.5%
$1,128.65

ARAPAHOE
ARAPAHOE
COUTY SE
5.2%
$1,350.70

DOUGLAS
COUNTY N
4.2%
$1,402.33

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

2004

2005

2006

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

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

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

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

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

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

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

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

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

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

2nd

3rd

2007
4th

1st

2nd

6.1 6.4 7.4 7.8 6.3


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

3rd

2008
4th

1st

2009

2010

2011

2012

2013

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

1st

2nd

3rd

4th

1st

2nd

3rd

5.9 7.4 6.4 6.8


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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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
3.7
2.3
1.0
3.5
4.0
4.2
4.2
3.6
3.3
4.6
4.9
3.1
4.7
9.4
5.2
3.7
2.4
4.0
8.5
3.3
3.8
4.0
4.0
4.6
4.5
3.6
3.5
4.9
6.6
6.1
3.8
3.3
7.2
4.2
4.9
3.6 10.7*
3.1 5.4*
2.3
3.5
2.5
2.7
3.5
4.6
2.3 6.9*
4.3
4.5
3.8
6.8
3.2
4.2
2.2
2.4
3.5
3.3
2.6
3.1
7.1
5.7
3.6
3.8
1.8
2.8
3.2
1.8
3.7
4.0
3.1
3.3
3.8
4.2
3.2
3.8
4.5
2.9
2.1
3.4
2.9
3.9
2.9
4.5
2.7
1.5
3.9
4.7

* vacancy rate affected by new units leasing up

I-5

4th

2014

2nd

4th

Current Survey Responses


Number Vacant
Totals for Denver Area

Units Reporting

Vacancy Rate

5,510

118,213

4.7

By County
Adams

569

15,302

3.7

1,913

39,114

4.9

Boulder

725

10,112

7.2

Denver

1,352

29,344

4.6

Douglas

317

7,858

4.0

Jefferson

634

16,483

3.8

Arapahoe

By Market Area
Adams County
Aurora-North

96

1.0

33

825

4.0

Northglenn/Thornton

299

7,187

4.2

Westminster

236

7,194

3.3

Arapahoe County - South

111

2,373

4.7

Arapahoe County - Southeast

162

3,087

5.2

Aurora - Central Northeast

37

1,539

2.4

Aurora - Central Northwest

422

4,938

8.5

Aurora - Central Southeast

164

4,264

3.8

Aurora - Central Southwest

223

5,540

4.0

Aurora - South

460

10,180

4.5

92

2,617

3.5

Commerce City/Brighton

Arapahoe County

Englewood, Sheridan
Glendale

162

2,461

6.6

Littleton

80

2,115

3.8

Boulder/Broomfield Counties
Boulder County - Other
Broomfield

91

1,871

4.9

480

4,496

10.7*
5.4*

City of Boulder - Except University

94

1,746

City of Boulder - University Area

25

710

3.5

Longmont

35

1,289

2.7

Denver - Central/Capitol Hill

298

4,315

6.9*

Denver - Downtown

250

5,522

4.5

Denver - East Central/Lowry

125

1,840

6.8

Denver - Far Southeast

283

6,742

4.2

Denver - North Central/City Park

12

510

2.4

Denver - Northeast

70

2,115

3.3

Denver - Northwest

17

540

3.1
5.7

Denver City/County

79

1,376

Denver - Southeast

Denver - South Central/Wash Park

155

4,035

3.8

Denver - Southwest

56

1,965

2.8

384

1.8

Denver - West Central


Douglas County
Castle Rock
Douglas County - North

39

1,180

3.3

278

6,678

4.2
2.9

Jefferson County
Arvada

76

2,621

Golden

27

792

3.4

Lakewood - North

94

2,391

3.9

Lakewood - South

416

9,279

4.5

21

1,400

1.5

Wheat Ridge

* vacancy rate affected by new units leasing up

I-6

REPORT DESCRIPTION AND METHODOLOGY


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

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

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

1400

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

Rent (in dollars)

Percent Vacant

Vacancy Rate by Quarter

16

14

12

10

Quarter

Average Rent by Quarter

1200

1000

800

600

400

200

Quarter

II-1

Percent Vacant
7

6
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

12

10

Market Area

Vacancy Rate by County by Quarter

8
14 Q1

14 Q2

14 Q3

14 Q4

Metro Average

Vacancy Rate by Size of Building


7
14 Q1

14 Q2
14 Q3

Percent Vacant

14 Q4

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


16
14 Q1

14
12

14 Q2
14 Q3

Percent Vacant

14 Q4

10
8
6
4
2
0
To 1939

1940-49

1950-59

1960-69

1970-79

Year Built

II-3

1980-89

1990-99

2000-04

2005 up

Rent (in dollars)

Aurora-North

Adams

Arapahoe

Boulder/ Broomfield

II-4
Market Area

Denver

County

1800

1600

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

1800

1600

1400

1200

1000

800

600

400

200

Average Rent by County by Apartment Type

2000

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

1400

1200

1000

800

600

400

200

Metro Average

Rent per Square Foot by Apartment Type

Rent per Square Foot (in dollars)

2
1.8
1.6

14 Q1

14 Q2

14 Q3

14 Q4

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


2.5

Rent per Square Foot (in dollars)

14 Q1
14 Q2

14 Q3
14 Q4

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
90 Q1
90 Q2
90 Q3
90 Q4
91 Q1
91 Q2
91 Q3
91 Q4
92 Q1
92 Q2
92 Q3
92 Q4
93 Q1
93 Q2
93 Q3
93 Q4
94 Q1
94 Q2
94 Q3
94 Q4
95 Q1
95 Q2
95 Q3
95 Q4
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

Loss (in percent)

Rental Losses by Quarter

20

18

16

14

12

10

Quarter

Estimate of Total Apartments by Year

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

Year

II-6

New Apartment Units Added in Metro Area by Year


10000
9400

9123

9300

8000

7949

7761

7500

7588

7000
6300

6000

6445

6200

5669

5600

5626

5594

5000
4500
3800

3729

2887

2799

2000

2548

2033
1729

2262

2517

1973

1166
889

1146

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

9000

Year

Apartment Units Built in Current Quarter


2500

Number of Apartment Units

2286

2000

1500

1000

890
788

500

306

228
74

0
0
Adams

Arapahoe

Boulder

Denver

County

II-7

Douglas

Jefferson

Metro Totals

II-8

Year

2
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

14 Q3

14 Q1

14

13

12

8
11

10

13 Q3

12
10

Monthly Resident Turnover

13 Q1

Year

09

-4000

12 Q3

-2000

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

12
Efficiency
One bedroom

10

Two bed, one bath


Two bed, two bath

Percent Vacant

Three bedroom

All

0
Adams

Arapahoe

Boulder

Denver

Douglas

Jefferson

Metro Average

County

Vacancy Rate by Apartment Type by Quarter


8
14 Q1

14 Q2
14 Q3

Percent Vacant

14 Q4

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


1400

1200

14 Q1

14 Q2

14 Q3

14 Q4

Rent (in dollars)

1000

800

600

400

200

0
Adams

Arapahoe

Boulder

Denver

Douglas

Jefferson

Metro Area

County

Average Rent by Size of Building


1600
$1,354.02

1400
$1,176.32

Rent (in dollars)

1200
1000

$935.36
$850.91

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
2005
County

1st

Adams

Arapahoe

2006

2nd

3rd

4th

1st

2nd

10.6

8.7

7.7

8.1

7.0

6.1

1.0

-1.2

0.1

-3.6

-3.6

-2.6

3rd

2007
4th

1st

2nd

6.4

7.4

7.8

-1.4

-0.7

0.8

2008

3rd

4th

6.3

5.9

0.2

-0.5

2009
3rd

2010
4th

1st

2nd

2011

1st

2nd

3rd

4th

1st

2nd

3rd

7.4

6.4

6.8

7.5

8.8

8.4

8.5

6.7

6.3

6.8

5.2

4.4

0.0

-1.3

0.4

1.5

1.4

1.9

1.8

-0.8

-2.5

-1.6

-3.3

-2.2

4th

2012

1st

2nd

3rd

4th

1st

2nd

5.7

5.6

5.2

5.3

5.3

4.5

4.9

-0.6

-1.2

0.0

0.9

-0.5

-1.1

-0.3

2013
3rd

4th

1st

4.2

4.5

-1.1

-0.7

2014

2nd

3rd

4th

1st

2nd

5.2

3.8

5.7

0.6

-1.1

1.4

3rd

4th

5.3

4.7

4.5

3.9

3.7

0.8

-0.4

0.7

-1.8

-1.6

9.9

9.6

9.7

8.8

7.9

7.2

6.9

6.7

6.9

7.0

6.9

6.8

6.5

6.6

7.0

7.4

7.8

8.3

8.1

7.5

7.1

6.2

5.7

5.5

5.2

5.3

5.5

5.3

5.1

5.0

4.7

4.6

4.7

4.4

4.8

5.0

4.9

5.1

4.6

4.2

8.9

7.4

6.8

7.4

7.0

6.8

6.7

7.4

7.8

6.1

5.0

6.0

6.5

5.9

6.9

8.3

9.7 10.7

8.5

8.6

7.2

6.4

6.7

6.6

6.4

5.5

5.6

6.8

6.3

5.5

4.8

5.0

4.1

4.5

4.8

5.2

4.5

4.6

4.6

4.9

-1.9

-2.4

-2.4

-2.7

-1.9

-0.5

-0.1

0.0

0.8

-0.7

-1.7

-1.4

-1.4

-0.2

1.9

2.3

3.3

4.7

1.6

0.3

-2.5

-4.2

-1.8

-2.0

-0.8

-1.0

-1.2

0.2

-0.2

0.1

-0.8

-1.8

-2.1

-1.0

0.0

0.1

0.3

0.1

-0.2

-0.3

9.5

8.9

8.3

7.6

7.1

7.0

7.0

7.0

7.2

7.0

6.6

6.2

5.9

5.8

6.3

6.9

7.7

8.9

9.3

9.4

8.7

7.7

7.2

6.7

6.6

6.3

6.0

6.1

6.0

6.1

5.9

5.4

4.9

4.6

4.6

4.6

4.7

4.8

4.7

4.6

11.1

8.7

7.8

7.3

6.9

7.0

4.8

5.5

4.7

4.0

3.6

5.4

5.7

6.4

4.7

6.1

6.0

7.2

5.5

5.8

5.0

4.9

3.5

3.6

4.9

4.6

4.7

4.4

3.9

3.6

2.9

3.7

3.2

3.8

2.8

3.4

6.7

4.4

3.3

7.2

Boulder/
Broomfield

0.1

-0.8

1.8

-1.7

-4.2

-1.6

-3.0

-1.7

-2.2

-3.0

-1.1

-0.1

0.9

2.4

1.1

0.6

0.3

0.8

0.8

-0.3

-1.0

-2.2

-2.0

-2.2

-0.2

-0.3

1.2

0.9

-1.0

-1.0

-1.8

-0.7

-0.6

0.2

-0.2

-0.3

3.5

0.6

0.5

3.8

8.9

8.7

9.1

8.7

7.6

7.2

6.5

6.0

5.5

4.8

4.5

4.4

4.7

5.3

5.5

5.7

5.8

6.0

6.2

6.1

5.9

5.3

4.8

4.3

4.2

4.1

4.4

4.7

4.4

4.2

3.7

3.5

3.4

3.4

3.4

3.3

4.2

4.3

4.4

5.4

Denver

9.2

8.7

9.6

8.7

7.8

7.6

7.3

6.9

7.2

6.1

5.7

5.5

5.1

5.7

6.0

8.0

8.6

9.8

8.5

8.8

6.9

7.4

5.3

5.2

4.8

4.1

4.3

4.8

4.2

4.8

4.3

6.1*

5.4

4.6

4.6

6.1

6.8

5.6

3.5

4.6

-1.0

-1.4

1.3

-1.1

-1.4

-1.1

-2.3

-1.8

-0.6

-1.5

-1.6

-1.4

-2.1

-0.5

0.3

2.5

3.5

4.1

2.5

0.8

-1.6

-2.3

-3.2

-3.6

-2.1

-3.3

-1.0

-0.5

-0.6

0.6

0.0

1.4

1.2

-0.2

0.3

0.0

1.5

1.1

-1.1

-1.5

9.4

9.0

9.3

9.1

8.7

8.4

7.9

7.4

7.3

6.9

6.5

6.1

5.6

5.5

5.6

6.2

7.1

8.1

8.7

8.9

8.5

7.9

7.1

6.2

5.7

4.9

4.6

4.5

4.3

4.5

4.5

4.9

4.8

4.7

4.8

5.2

5.5

5.8

5.5

5.1

Douglas

Jefferson

Metro Average

8.4

6.4

7.5

8.1

8.2

5.7

6.4

7.0

6.4

5.8

5.5

7.0

6.1

8.3

5.9

7.4

7.1

5.8

4.3

5.5

4.4

3.9

4.4

5.2

5.3

3.8

3.8

4.7

4.9

3.9

4.1

4.2

6.5

2.9

3.5

5.0

3.7

3.8

3.7

4.0

-6.1

-3.4

-1.7

-2.0

-0.3

-0.6

-1.1

-1.0

-1.8

0.1

-0.9

0.0

-0.3

2.5

0.4

0.4

0.9

-2.5

-1.6

-1.9

-2.6

-1.9

0.1

-0.3

0.9

-0.1

-0.6

-0.5

-0.5

0.1

0.3

-0.4

1.6

-1.0

-0.6

0.8

-2.8

0.8

0.2

-1.0

9.4

8.5

8.1

7.6

7.5

7.4

7.1

6.8

6.4

6.4

6.2

6.2

6.1

6.7

6.8

6.9

7.2

6.5

6.1

5.7

5.0

4.5

4.5

4.5

4.7

4.7

4.5

4.4

4.3

4.3

4.4

4.3

4.7

4.4

4.3

4.5

3.8

4.0

4.0

3.8

8.5

8.0

6.8

7.6

7.5

7.3

7.2

6.6

6.3

7.4

5.3

6.0

5.6

6.0

6.5

7.3

7.6

7.2

6.3

7.3

5.8

5.4

3.9

4.5

4.7

4.5

4.4

4.4

3.8

4.0

3.7

4.2

3.7

3.7

3.6

4.6

3.4

3.7

3.2

3.8

-0.6

-1.1

-1.7

-1.7

-1.0

-0.8

0.5

-1.0

-1.2

0.1

-1.9

-0.5

-0.7

-1.4

1.1

1.2

1.9

1.2

-0.2

0.0

-1.8

-1.8

-2.3

-2.8

-1.1

-0.9

0.5

-0.1

-0.9

-0.6

-0.7

-0.2

-0.1

-0.3

-0.1

0.5

-0.3

-0.1

-0.4

-0.8

8.9

8.6

8.2

7.7

7.5

7.3

7.4

7.1

6.9

6.9

6.4

6.3

6.1

5.8

6.0

6.3

6.8

7.1

7.1

7.1

6.6

6.2

5.6

4.9

4.6

4.4

4.5

4.5

4.3

4.1

4.0

3.9

3.9

3.8

3.8

3.9

3.8

3.8

3.7

3.5

9.3

8.0

7.7

7.9

7.4

6.9

6.7

7.0

7.1

6.2

5.3

6.1

5.9

6.2

6.5

7.9

8.4

9.0

7.4

7.7

6.5

6.1

5.3

5.5

5.5

4.8

4.9

5.4

4.9

4.8

4.3

4.9

4.6

4.2

4.4

5.2

5.1

4.7

3.9

4.7

-1.2

-1.7

-0.8

-2.1

-1.9

-1.1

-0.9

-0.9

-0.3

-0.8

-1.4

-0.9

-1.2

0.0

1.2

1.8

2.5

2.8

0.9

-0.2

-1.9

-2.9

-2.1

-2.2

-1.0

-1.3

-0.3

-0.1

-0.6

0.0

-0.7

-0.5

-0.3

-0.6

0.2

0.2

0.5

0.5

-0.6

-0.5

9.4

8.9

8.7

8.2

7.7

7.5

7.2

7.0

6.9

6.7

6.4

6.2

5.9

5.9

6.2

6.6

7.2

8.0

8.2

8.1

7.6

6.9

6.4

5.9

5.6

5.3

5.2

5.2

5.0

5.0

4.8

4.7

4.6

4.5

4.5

4.6

4.7

4.9

4.7

4.6

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

II-11

Vacancy Rates by Size of Building by County


(In Percent)
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

2005

2006

1st
10.0
9.6
11.9
8.8
11.1
10.5
10.6
10.4
9.3
9.5
8.2
9.2
12.3
4.0
11.0
7.8
11.8
13.8
10.6
12.3
11.0
6.3
8.2
9.9

2nd
7.7
6.7
7.7
7.5
8.5
10.0
11.8
11.7
8.9
8.8
7.1
6.8
10.2
5.7
8.0
10.0
7.8
9.7
8.0
11.4
8.1
5.7
7.3
11.3

3rd
9.1
6.4
6.5
8.0
7.8
7.7
8.0
6.0
9.1
6.9
5.8
7.8
3.6
8.0
5.2
5.3
7.0
10.5
6.1
12.7
11.2
7.9
7.0
12.1

10.8
0.0

2.0
3.1

0.0

4th
0.0
11.3
5.6
6.2
8.2
8.9
6.3
7.8
9.6
5.0
7.1
8.3
2.1
5.4
5.1
6.2
8.9
7.0
9.0
11.4
10.9
6.4
6.8
10.5

2007

1st 2nd 3rd 4th


1st 2nd
0.0 0.0 15.4 0.0 0.0
4.0 3.9 7.4 3.8 1.0 12.1
9.6 5.2 5.8 12.5 16.6 9.4
5.6 6.1 6.8 9.1 8.6 5.4
6.3 5.8 6.3 6.9 7.7 5.9
8.2 6.8 6.3 7.1 7.2 7.0
7.3 10.8 8.8 5.6 5.9 11.0
5.3 8.8 4.8 15.2 14.3 8.2
7.9 9.0 8.3 15.3 6.8 7.6
7.2 7.2 7.6 7.5 9.0 7.2
6.6 5.8 5.1 6.7 7.2 5.0
7.5 7.6 8.2 6.9 8.0 6.7
7.3 9.1 7.3 0.0 2.1 5.6
4.8 4.4 4.5 2.6 2.4 3.3
3.7 6.8 6.5 5.8 2.2 2.5
6.9 7.3 5.0 4.5 4.3 5.9
6.4 7.9 4.9 6.9 5.7 4.0
9.0 6.0 3.9 4.8 4.1 2.3
4.9 8.6 4.9 3.2 5.1 5.1
8.2 7.3 6.0 6.3 6.4 6.2
7.4 8.0 7.2 6.6 5.7 4.7
6.2 5.0 7.0 7.3 8.0 4.3
7.6 5.9 6.8 6.8 7.5 7.9
8.8 10.8 8.4 7.2 7.3 5.3
6.0

9.9 6.6 7.5 8.8 8.7


7.6 6.3 7.5 7.7 7.9
13.0 17.6 9.1 11.1 4.4
9.1 8.2 9.7 8.3 7.3
6.8 7.5 6.5 6.0 4.9
8.3 9.2 7.0 6.9 8.7
10.4 9.8 8.3 8.6 9.5
6.6 5.2 4.4 7.1 4.6
11.0 10.3 6.6 7.6 5.5
10.6 10.1 10.3 10.1 7.3
9.8 7.9 8.6 8.2 6.9
8.2 8.1 7.1 6.1 7.1
9.4 7.8 7.0 7.7 7.4
9.3 8.0 8.3 8.5 7.6

8.0

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

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

* vacancy rate affected by new units leasing up

II-12

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

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

14.3 7.1 0.0

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

4th
0.0
2.6
1.9
5.5
3.5
3.7
0.0
3.3
4.4
3.2
4.5
5.6
0.0
0.5
3.4
2.7
5.5
12.6
2.4
3.7
3.5
7.3
4.4
4.0

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

0.0
0.0

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Vacancy Rates by Size of Apartment Unit by County


(In Percent)

County
Adams

Arapahoe

2009

2010

2011

2012

2013

2014

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

499 below

7.5

8.8 12.8

6.6

2.2

6.3 13.0

9.2

9.2

3.5

3.3

4.7

4.2

6.2

4.9

7.7

8.3

7.8

6.4

2.8

16.4

17.6

2.8

11.9

1.9

10.5

7.4

3.4

1.3

6.3

2.2

3.2

0.7

7.8

4.9

5.8

4.1

6.5

3.1

5.3
3.4

500 to 749

9.1

8.0

8.4

7.2

5.4

4.9

6.0

6.5

7.5

5.5

5.5

6.7

5.8

5.6

7.1

8.9

7.5

8.2

7.3

6.1

6.9

5.0

4.4

6.0

5.9

4.9

4.7

4.4

4.1

3.8

3.7

3.8

2.9

3.5

3.2

4.7

4.1

3.8

3.8

750 to 999

9.6

8.6

7.2

8.7

7.6

6.4

6.0

7.7

8.0

7.3

6.5

7.7

6.6

6.8

7.6

9.2

9.0

8.9

6.6

6.5

6.9

5.3

4.6

6.0

5.7

5.9

6.0

5.7

4.8

5.9

4.8

4.7

7.2

3.9

7.2

5.1

4.8

4.9

3.7

3.9

1000 above

14.6

9.8

7.5

8.4

8.1

7.3

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
19.0

499 below

5.0

5.8

9.3 11.8

9.1

7.4

9.6 11.6 10.1

6.4

7.0

8.2

9.0 11.3 12.5 18.8 16.2 17.3 15.2 11.4

18.0

18.4

13.9

14.3

13.1

10.0

12.4

8.4

7.3

5.0

4.0

4.9

3.2

3.7

3.9

2.1

2.4

3.9

2.8

500 to 749

7.8

7.2

6.4

6.6

6.3

6.4

6.5

6.8

8.3

5.5

4.4

5.2

7.1

5.8

6.5

6.5

9.4 12.6

7.5

8.5

6.8

6.6

6.0

5.4

5.4

4.6

5.3

6.9

5.3

6.6

5.0

4.0

3.4

5.2

4.9

5.3

4.6

4.7

4.8

4.4

750 to 999

8.3

7.2

6.4

6.9

6.7

7.5

6.5

7.1

7.7

6.7

5.3

6.2

5.7

5.6

6.8

7.9

9.4

9.0

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
5.5

9.2

10.2

8.3

7.2

7.8

7.6

6.3

6.7

7.5

6.9

5.9

5.0

6.1

6.4

6.1

6.6

8.8 10.0

9.4

7.9

8.5

6.6

5.1

6.8

6.7

7.1

6.0

5.0

6.9

5.8

5.0

4.4

5.5

5.4

4.4

4.8

5.6

4.7

4.8

4.8

8.3

8.5

4.3

4.1

3.6

4.3

4.5

5.1

4.3

6.5

3.8

4.1

3.7

5.1

4.5

4.9

4.9

7.9

5.0

5.3

4.8

6.5

3.9

1.4

2.0

3.1

3.0

3.6

1.6

3.9

2.4

3.4

2.3

2.2

2.8

2.2

5.9

3.5

1.2

1.4

12.1

5.3

9.0

5.4

5.2

5.0

3.7

4.2

3.7

2.3

2.2

5.5

6.7

7.0

4.2

5.2

5.4

6.6

5.8

6.1

4.8

4.3

3.0

2.5

2.6

2.2

4.2

3.6

3.8

2.6

2.4

2.1

1.3

3.6

1.9

2.8

5.3

3.9

2.5

3.4

9.8

8.2

8.9

7.4

5.7

7.9

5.5

6.6

5.6

4.4

3.8

5.7

6.0

7.0

4.8

6.0

5.7

7.6

6.0

6.3

5.6

5.3

3.2

3.2

5.9

5.0

4.6

4.8

3.9

3.7

2.7

4.0

3.6

4.3

2.7

3.8

8.0

4.9

3.8

7.9

13.7 12.2

6.9

9.6 11.4

8.6

4.7

5.4

4.5

3.6

4.4

5.4

5.2

6.2

5.1

7.6

7.3

6.8

5.0

5.0

4.7

4.1

4.1

5.4

6.0

6.0

5.5

4.6

4.5

4.0

3.8

4.5

4.1

3.6

3.4

3.5

6.0

4.3

3.4

9.5

499 below

9.4

8.7

9.1

8.3

6.3

5.8

5.4

4.8

5.2

3.5

5.4

4.4

3.6

3.8

4.1

4.8

5.5

7.0

5.6

5.7

5.4

6.2

4.9

3.5

3.4

3.3

2.3

2.6

2.8

4.5

3.4

4.1

3.4

3.0

3.2

3.6

3.3

4.9

3.1

2.2

500 to 749

8.3

8.2 10.0

8.7

7.1

7.1

6.5

5.8

6.0

4.9

4.9

5.2

4.6

5.0

5.2

6.8

6.9

6.9

5.9

7.1

5.6

5.8

4.3

3.8

4.2

4.0

3.5

4.0

3.8

4.6

3.9

5.4

3.9

3.8

4.1

6.4

7.8

5.9

3.6

3.5

8.3

8.3

8.5

7.9 10.1

9.3

750 to 999
1000 above

Metro
Average

2008

3rd

750 to 999

Jefferson

2007

2nd

1000 above

Douglas

2006

1st

1000 above
Boulder/
499 below
Broomfield
500 to 749

Denver

2005

Square Feet
in Unit

8.5

8.3

8.6

8.0

8.4

7.2

7.7

6.7

4.9

5.3

5.6

5.9

6.3

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

12.4 10.5 10.6

9.5

9.2

9.2

8.3

9.2

9.4

8.6

8.2

7.0

6.0

7.1

7.6 10.6 13.4 15.4 12.6 11.9

9.4

10.5

6.6

7.2

6.9

5.6

5.8

5.7

5.2

5.3

5.2

8.8*

8.7

6.8

5.9

6.6

6.9

6.7

4.8

6.9

5.7

8.7

9.8

8.3

4.2

8.7

1.9

1.4

2.2

1.8

9.1

9.1

7.1

14.3

7.1

0.0

6.1

6.1

3.0

1.1

35.8
3.2

499 below

9.5

9.4

8.6

8.6

0.0 21.4

0.0

500 to 749

4.2

8.9

7.2

6.3

4.2

2.8

3.4

4.1

4.5

5.9

4.8

5.4

3.9

5.4

5.1

6.1

5.7

6.7

4.9

7.9

3.3

4.3

2.3

5.2

2.7

4.3

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

750 to 999

6.9

5.6

6.7

6.2

6.2

5.3

5.7

5.9

5.1

4.8

4.7

5.5

5.3

8.2

5.9

6.8

6.7

5.9

3.7

4.9

4.8

4.5

4.3

4.6

4.2

4.3

3.9

4.4

4.9

4.1

4.0

3.9

4.8

2.9

3.7

4.1

3.8

3.3

3.7

3.8

1000 above

10.6

6.9

8.2 10.2 10.7

6.7

7.4

8.8

7.9

7.2

6.8

9.3

7.8

8.9

5.7

8.3

7.6

5.3

5.0

5.9

4.0

3.1

4.6

5.9

7.1

3.1

3.6

4.7

5.0

3.7

4.7

4.9

4.9

2.9

3.4

5.9

3.9

4.4

3.7

4.4

499 below

11.3

6.9

6.2

6.2 11.0

9.1

9.3

9.0

6.6 11.9

6.7

7.6

7.0

8.1

6.7

6.3

7.3

9.0

9.9

8.2

4.8

5.0

4.9

4.8

4.7

4.1

2.6

2.0

4.2

1.7

0.2

3.2

3.3

3.4

2.7

1.8

2.3

2.6

1.0

2.4

500 to 749

7.7

7.2

6.1

6.1

6.5

6.5

5.7

5.1

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

750 to 999

9.3

9.8

7.6

8.2

7.7

7.8

7.6

6.3

6.2

6.3

5.1

5.9

5.1

6.2

6.4

7.9

8.0

7.2

6.1

7.1

6.4

5.9

3.9

4.2

4.9

4.6

4.3

5.0

3.7

3.9

3.5

4.2

4.3

4.1

4.1

5.0

3.1

3.4

3.3

3.2

1000 above

8.6

6.8

6.4

9.0

7.8

7.1

7.2

7.9

7.7

7.6

6.4

6.4

6.4

6.1

7.9

7.2

7.4

6.1

6.1

6.7

5.2

5.0

4.0

5.1

4.4

5.6

5.5

5.1

4.3

5.2

4.2

5.1

3.4

4.0

4.0

6.3

4.2

3.8

3.4

5.4
5.4

6.4

7.9

499 below

8.3

7.6

8.1

8.5

7.4

6.5

7.2

7.5

7.1

5.6

5.4

5.5

5.2

5.7

6.1

8.5

7.5 10.1

8.3

6.9

9.0

9.9

7.5

6.8

6.4

5.7

6.0

4.0

3.8

4.3

3.0

3.8

6.4

3.3

3.3

2.7

3.5

4.2

2.5

500 to 749

8.4

7.5

7.9

7.2

6.4

6.3

6.2

6.0

6.7

5.5

4.6

5.4

5.8

5.5

5.9

6.9

7.7

8.9

6.6

7.4

6.1

5.8

4.8

4.7

4.8

4.2

4.5

5.0

4.3

4.9

4.1

4.2

3.3

4.2

4.0

5.1

5.4

4.8

3.9

3.8

750 to 999

8.6

8.0

7.3

7.6

7.2

7.3

6.8

6.9

7.1

6.4

5.2

6.1

5.7

6.3

6.6

8.0

8.2

8.6

7.5

7.7

6.4

5.9

5.1

5.5

5.3

4.8

5.0

5.7

5.3

4.8

4.4

4.9

4.7

4.0

4.6

5.0

5.0

4.4

3.6

4.4

1000 above

11.3

8.8

7.8

8.9

8.7

7.4

7.1

8.0

7.6

6.8

6.2

6.9

6.5

6.9

7.0

8.8

9.6

9.4

7.8

8.1

6.6

6.0

5.6

6.2

6.4

5.4

5.1

5.8

5.1

4.8

4.5

5.9

5.6

4.5

4.8

5.8

5.2

5.0

4.3

5.9

* vacancy rate affected by new units leasing up

II-13

Vacancy Rates by Age of Building by County


(In Percent)
2005
County
Adams

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

1st

2nd

2006

2007

0.0
9.2
8.5
9.7
10.2
13.1

16.7
7.6
8.3
8.8
10.7
8.2

3rd
14.0
0.0
16.7
5.6
10.1
8.0
6.4
6.9

4th

1st

2nd

3rd

4th

0.0
0.0
7.7
8.8
8.3
8.0
7.9

0.0

0.0
21.2
8.2
7.2
6.6
4.5
5.6
4.2
0.0

0.0

5.2
6.7
8.3
7.1
6.5
0.0

0.0
0.0
6.8
5.8
6.4
5.1
6.7
3.3

2.2
10.5
10.4
8.0
5.6
9.8

3.9
9.7
9.6
6.6
5.7
7.4

3.9
9.8
9.9
5.7
5.3
5.6

3.1
9.2
9.7
6.3
6.1
6.7

0.0
7.7
9.1
5.9
5.4
7.6

3.0
9.5
9.1
6.4
5.1
6.5

15.4
16.7
9.5
5.4
4.2
4.7

5.1

0.0

0.0

0.0

13.3
0.0

0.0

0.0

7.3
9.0
13.2
18.5

7.2
8.1
9.6
9.8
7.1

10.8
5.0
6.5
6.2
12.8

3.9
5.5
7.7
7.5
9.2

4.0
2.9
5.1
8.0
11.0

5.2
5.6
7.2
8.2
7.2

7.2
7.9
9.8
9.2
10.9
5.6
7.5
11.4

5.8
8.2
9.5
10.5
11.5
5.6
5.9
9.3

5.0
6.0
14.2
15.3
12.0
8.2
5.9
6.2

6.1
7.0
11.7
11.4
10.7
6.9
8.0
5.7
0.0

4.4
3.8
12.7
6.9
9.6
6.0
8.3
5.9
3.6

8.1
9.2
8.4

3.1
2.6
8.3
4.9

0.0
8.2
7.2

8.8
7.7

6.0
8.3
8.1

1st

2nd

2008
3rd

1st

2nd

2009
3rd
0.0

4th
8.3

1st
8.3

2nd
0.0

2010
3rd
0.0

2011

2012

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

0.0
8.0
6.4
5.0
4.5
4.1
8.3
9.1

10.0
7.3
5.1
4.1
4.2
4.1
4.3
0.0

10.0
10.7
7.9
4.4
5.2
4.7
6.7
9.1

20.0
7.6
8.9
4.0
5.3
4.6
5.3

0.0
6.8
5.8
4.6
5.5
5.1
4.8

0.0
8.2
6.2
4.8
5.5
4.7
5.5

0.0
6.4
5.3
4.7
5.8
5.2
6.1

0.0
6.2
5.0
4.4
3.6
4.1
7.5

10.0
6.2
4.8
3.9
5.0
5.5
7.0

0.0
5.0
4.3
3.6
3.9
4.7
6.5
1.5

0.0
5.3
7.5
4.5
4.7
5.2
17.1
0.0
0.0

4.6
5.6
4.6
4.7
3.9
13.3
0.0
0.0

3.8
7.2
5.1
4.5
3.3
9.6
0.0
0.0

5.1
8.7
6.8
5.9
4.5
10.0
0.0
0.0

1.8
7.6
6.3
6.1
4.4
7.6
0.0
0.0

3.3
7.5
6.1
5.0
3.3
5.7

0.0

20.0
6.5
9.2
7.2
6.0
6.5
30.0
0.0

0.0
6.0
10.6
9.1
8.7
7.3
22.1
9.1

7.7
11.4
8.9
7.7
6.4
7.5
45.8
9.1

7.7
12.0
10.9
7.7
5.1
7.5
21.4
9.1

7.7
14.2
9.7
6.3
5.8
4.9
3.4
4.5

3.8
8.7
8.7
5.9
5.6
4.8
6.5
4.5

0.0
7.3
4.8
5.7
5.0
6.2
22.9

0.0
7.0
7.4
6.9
4.7
7.2
19.7

0.0
9.0
9.2
6.6
5.6
6.9
23.4

0.0
9.1
10.5
7.4
6.6
11.1
31.9

5.0
9.4
13.7
7.8
5.7
11.1
28.1

0.0
9.5
9.9
6.4
6.3
5.7
27.5

0.0
7.1
11.1
7.0
6.8
6.0
21.0

0.0
7.0
9.1
6.1
3.7
5.0
18.6

0.0
5.0
9.6
4.8
3.9
4.8
10.2

0.0
4.8
7.7
4.7
3.3
4.5
23.2

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0
4.5
7.1
5.3
4.5
4.2
18.9
0.0
0.0

4.7
3.2
10.1
6.5
4.8

2.0
3.8
13.9
6.3
5.8

1.2
4.4
6.3
4.8
5.2

1.9
4.4
7.0
7.5
6.5

3.4
7.5
6.7
4.2
6.5
5.3
5.2
5.1
7.6

4.4
4.0
5.2
4.5
5.3
5.7
4.9
4.9
5.1

3.8
6.1
8.2
4.0
5.7
6.5
5.8
5.3
6.5

4.9
4.4
7.2
4.6
6.4
5.2
6.5
6.2
9.2

5.8
7.0
9.3
6.4
7.6
6.9
10.3
8.1
16.3

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

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

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

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

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

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

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

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

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

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

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

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

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

5.5
6.4
5.1

4.5
8.0
6.6

4.1
7.1
5.7

4.5
9.5
7.9

4.5
7.6
5.1

7.8
7.6
7.8
7.2

7.3
7.0

15.1
4.6
5.5

8.9
3.1
4.6

6.7
5.4
5.3

6.1
3.7
4.5

4.2
3.4
4.1

4.4
4.5
4.2

4.3
5.1
5.4

4.3
4.3
6.1

3.7
3.8
3.8

2.2
4.1
3.9

4.4
3.6
5.4

3.2
5.5
4.6

0.0
9.3
8.0
4.9
4.8
6.8

0.0
8.9
7.7
5.7
3.9
5.3

0.0
8.8
9.0
6.8
5.3
7.5

11.1
7.5
10.0
7.7
4.8
7.3

0.0
7.9
6.9
5.6
4.2
7.4

11.1
6.6
5.9
4.9
4.0
4.7

0.0

0.0

0.0

0.0

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

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

1.6
4.5
5.5
4.2
3.4

3.9
5.2
8.9
8.5
9.2
6.1
7.4
7.0
33.1

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

8.0
4.9
6.4

4.8
6.1
6.6

4.0
6.4
7.5

6.9
6.1

8.7
12.2
6.9
4.5
6.2

5.8
7.5
5.7
6.4
6.5

8.8
7.9
5.9
7.6
6.3

9.1

9.1

0.0
6.4
6.4
5.8
5.4
6.2

0.0
8.9
6.6
5.2
5.4
5.9
98.2

0.0

0.0

2.5
2.3
4.3
4.3
3.7

3.1
3.3
8.3
6.7
4.3

2.7
6.8
9.0
5.3
4.9
6.8
9.1
5.0
18.5

4.2
7.3
8.6
5.8
5.6
4.6
8.0
4.7
13.4

5.5
6.9
5.2

2013

4th

0.0
4.5
10.3
10.0
6.2
5.1
4.5
8.2
0.0

0.0
9.1
9.6
8.1
6.8
6.4

7.6
9.4
7.1
6.7
6.1

4th

3rd

4th

1st

2nd

3rd

4th

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

30.0
4.9
3.8
4.1
4.0
3.4
3.6

40.0
5.3
4.5
2.9
10.4
3.8
55.5
0.0

20.0
2.1
4.9
5.2
5.2
4.8
15.0
3.0

20.0
3.8
5.4
3.2
3.7
3.3
11.9
4.0

10.0
4.0
5.1
3.1
4.8
4.7
6.4
3.5

10.0
4.1
4.2
3.3
2.7
4.6
3.5
2.0

10.0
3.5
3.6
3.8
3.9
3.9
3.0
0.9

3.8
6.6
3.8
4.1
3.6
5.4
0.0
0.0

2.1
5.1
6.5
4.3
4.9
3.4
4.5
0.0
0.0

0.0
6.9
5.8
4.5
5.4
4.8
5.6
14.3
0.0

0.0
4.6
5.5
3.5
4.6
4.4
5.5
0.0
0.0

1.0
4.6
5.5
4.1
5.4
3.1
5.5
0.0
12.5

0.0
3.1
4.9
4.1
5.2
3.7
6.0
14.3
0.0

0.0
5.4
8.4
3.4
5.6
3.0
5.0
0.0
0.0

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

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

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

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

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

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

12.7
4.3
1.6
3.3
3.6
20.5
1.9
2.7
18.3
4.2
4.2
5.1
3.3
5.1
17.8

1.2
4.0
4.6
4.4
3.1
6.4
4.5
3.2
12.8
6.0
3.3
5.0
3.6
3.4
12.8

0.0
2.1
5.6
3.0
2.4
5.7
1.4
3.0
3.0
3.7
2.6
4.5
6.7
3.7
3.6

0.5
1.4
4.0
4.0
3.9
19.5
2.3
4.0
2.1
3.3
3.3
5.3
5.7
4.7
8.1

3.4
3.4
4.3

0.2
5.1
3.7
8.4
12.5

0.5
4.1
5.4
28.2
0.0

1.7
4.0
2.5
0.0
12.5

2.2
4.7
2.9
3.6
0.0

0.0
3.0
6.4
4.4
6.6
0.0

2.2
4.5
3.4
3.8
0.0

3.0
5.7
2.6
5.8
0.0

1.7
5.1
3.4
8.2
0.0

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

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

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

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

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

1.7
2.8
3.2
3.8
3.2
3.9
7.1
2.2
2.6
14.1
4.8
4.6
3.7
4.0
4.0
12.9

0.6
1.9
3.7
4.6
3.4
4.3
2.8
4.3
3.5
9.8
4.8
4.3
4.2
4.7
3.4
8.6

2.7
4.3
3.4
4.1
0.0
0.0
1.7
2.3
2.3
4.2
3.2
3.9
5.2
1.6
2.8
2.9
3.2
3.5
4.1
4.2
3.8
4.7

2.4

4.8

0.0

7.1

14.3

4.8

0.0

0.0

0.0

0.0

0.0

37.5

0.0

0.0

0.0

0.0

0.0

4.5

12.5

12.5

0.0

0.0

0.0

0.0

0.0

0.0

4.5

0.0

0.0

0.0

9.8
8.6
10.9
6.6
8.5
5.8

10.4
7.1
11.0
6.8
6.5
3.3

10.5
8.8
9.7
5.1
4.9
3.1

7.1
7.7
8.7
9.2
10.4
7.7
7.9
10.6

5.7
8.0
8.7
8.9
10.3
6.9
7.4
7.1

5.8
5.8
11.7
10.5
10.3
6.6
5.9
6.8

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

II-14

2nd

16.7
4.0
4.6
3.3
4.7
4.6
4.9
14.3
0.0

0.2
4.1
4.0
9.5
0.0

* vacancy rate affected by new units leasing up

2014

1st

0.0
3.2
4.1
5.7
5.3
4.2
5.7
0.0
0.0

0.0

16.7
2.0
6.1
5.2
4.4
3.3
5.2
0.0
12.5

4th

4.8
2.2
3.0
2.7
5.0
6.6
3.8
2.0
3.9
2.6
3.4
4.4
3.8
5.0
3.9
8.7

Vacancy Rates by Apartment Type by County


(In Percent)
County

2005
1st

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

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

Metro Average

Jefferson

Douglas

Denver

Boulder/Broomfield

Arapahoe

Adams

Apartment Type

2nd

3rd

2006
4th

13.2 9.5 6.6


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

1st

2nd

3rd

2007
4th

1st

2nd

4.3 6.5 7.4 7.3 5.9 4.2


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

3rd

2008
4th

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

1st

2nd

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

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

* vacancy rate affected by new units leasing up

II-15

Average Rents by Apartment Type by County


(In Dollars)
2008
County

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

1st

2nd

2010

2009
3rd

4th

1st

2nd

3rd

4th

1st

2nd

2011
3rd

4th

1st

2nd

2012
3rd

4th

1st

2nd

2013
3rd

4th

1st

2nd

2014
3rd

4th

1st

2nd

3rd

4th

643.24 636.28 633.13 524.15 577.47 545.73 537.85 599.85 587.55 674.19 659.39 613.67 557.55 527.74 610.85 638.59 647.56 649.30 650.79 671.53 701.46 721.47 635.85 730.12 793.18 665.08 634.23
717.07 765.23 752.28 745.74 736.51 748.66 725.94 695.11 754.64 770.89 784.46 769.27 789.71 766.82 822.10 797.86 816.52 789.62 778.08 771.42 794.79 806.27 826.73 825.68 858.89 891.45 927.93
817.23 848.16 819.32 815.05 811.43 878.07 861.62 776.56 857.24 860.80 891.80 846.93 861.82 830.40 858.73 852.48 830.95 843.82 848.13 858.56 863.02 889.58 902.76 931.98 957.70 973.75 1025.65
963.46 1016.66 1020.40 1013.34 1006.93 1009.62 970.65 923.00 1013.25 1012.72 1035.89 1030.50 1036.53 1047.53 1080.14 1051.87 1116.15 1062.60 1067.54 1061.47 1077.02 1116.03 1150.05 1129.35 1170.24 1234.15 1265.21
1199.67 1270.60 1291.58 1256.68 1204.98 1237.07 1125.97 1077.46 1113.73 1173.47 1203.03 1200.72 1255.98 1204.07 1308.25 1236.80 1246.64 1241.14 1282.64 1283.09 1315.65 1358.96 1479.06 1282.23 1402.53 1427.92 1476.72
835.88 890.07 882.52 872.68 863.63 884.23 848.22 809.39 874.56 892.48 914.71 892.65 904.78 886.33 935.46 909.71 934.03 906.85 893.86 893.35 910.71 933.96 962.53 948.68 988.48 1024.07 1066.70

678.44
951.44
1064.45
1302.52
1518.36
1096.11

537.20 571.37 543.53 551.67 565.86 548.82 551.88 534.69 514.25 564.44 602.73 572.34 604.83 546.36 571.32 575.42 593.65 629.83 617.47 656.03 632.68 674.74 686.78 678.27 702.83 696.00
715.97 722.66 729.40 738.70 738.98 709.33 738.43 722.13 731.76 737.27 754.90 762.02 755.00 759.68 763.50 775.02 787.86 814.37 816.94 815.01 823.70 848.95 872.20 863.51 891.19 918.57
776.96 815.42 809.18 808.18 805.67 757.07 789.78 782.27 810.60 820.17 826.76 836.34 810.53 820.77 835.52 835.36 843.87 867.12 877.57 853.50 875.36 917.45 930.55 934.75 954.51 993.87
972.83 968.01 998.71 1021.66 1001.23 978.55 1025.35 1001.19 974.12 1004.12 1044.61 1046.47 1035.97 1055.76 1052.06 1061.60 1068.62 1131.74 1137.46 1133.25 1116.60 1152.42 1179.87 1165.74 1199.19 1265.02
1179.71 1225.42 1274.25 1236.44 1269.28 1218.78 1206.83 1255.12 1235.90 1262.30 1299.39 1325.81 1283.60 1322.59 1305.15 1289.19 1302.07 1376.53 1375.89 1392.63 1356.72 1390.48 1431.93 1429.87 1452.84 1562.96
827.45 837.62 850.72 865.30 859.01 828.46 862.16 847.95 841.03 856.54 881.97 889.67 879.65 892.08 892.61 900.48 909.56 956.30 956.62 950.93 950.29 979.47 1007.31 995.27 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

608.89 760.59 776.53 760.98 713.64 712.88 719.32 714.41 731.22 747.61 731.30 737.71 752.78 798.59 816.26 782.56 805.66
834.33 847.52 868.08 850.00 843.51 880.02 859.59 844.49 850.10 882.44 876.48 878.39 875.48 893.63 905.02 929.51 942.26
842.97 872.58 882.77 899.52 912.01 917.76 898.18 880.94 865.38 898.44 919.67 939.04 961.14 960.80 958.95 961.02 996.00
1124.72 1128.19 1153.34 1137.12 1087.21 1104.97 1117.28 1085.42 1095.48 1180.20 1167.59 1172.99 1170.00 1168.75 1193.74 1197.83 1255.23
1258.75 1220.86 1285.12 1291.99 1216.97 1280.24 1283.15 1320.96 1317.18 1381.29 1376.10 1292.24 1375.22 1371.89 1374.00 1390.50 1453.69
921.46 952.22 974.68 962.27 942.18 967.19 951.11 943.23 946.60 995.07 993.25 996.22 1003.08 1016.15 1031.18 1037.94 1070.38

832.25
1059.93
1121.06
1412.58
1579.45
1198.13

1048.55
1070.57
1155.58
1428.48
1644.45
1227.76

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

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

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

742.00 675.00 675.00 687.50 742.00 742.00 742.00


895.89 922.36 927.68 874.49 861.40 861.56 900.19
912.07 953.66 974.98 1034.22 939.81 939.64 1020.57
1136.87 1166.03 1153.70 1128.07 1131.33 1115.79 1187.23
1363.59 1367.92 1435.08 1362.63 1319.20 1354.96 1446.95
1018.16 1045.23 1051.05 1020.79 1002.54 999.55 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

601.94 571.56 584.69 564.74 560.38 561.07 540.43 556.80 557.52 556.99 594.63 593.84 595.32 561.67 602.76 596.41 608.94 636.58 619.65 625.85 681.21 703.19 709.82 679.61 718.97 792.36
730.26 736.34 754.70 729.24 723.15 720.93 724.18 725.32 726.04 745.26 766.70 752.94 750.47 764.29 787.22 789.83 807.02 827.41 857.89 841.52 869.21 890.37 928.32 902.43 910.86 983.94
779.40 785.34 802.53 778.09 787.50 789.60 780.35 917.03 798.69 814.16 816.09 815.55 816.91 816.50 844.89 838.82 849.31 867.10 873.24 863.55 878.46 901.06 944.53 924.73 943.07 1052.37
943.30 971.72 988.27 953.89 936.59 936.01 951.02 962.08 969.19 965.82 985.51 954.99 973.16 994.94 1008.49 1000.72 1018.26 1037.18 1081.12 1103.71 1107.51 1178.82 1208.44 1143.89 1205.68 1260.47
1059.12 1084.21 1127.62 1086.38 1080.05 1119.47 1118.76 1122.91 1111.09 1133.51 1157.06 1156.45 1164.89 1184.76 1221.11 1219.64 1213.65 1229.41 1241.19 1241.30 1235.79 1284.50 1372.52 1310.14 1334.54 1441.69
825.00 827.14 847.43 819.71 814.84 812.41 818.18 848.75 833.94 845.38 863.99 847.17 851.33 862.86 888.02 889.19 897.65 919.55 949.28 941.79 958.08 1003.19 1035.64 994.94 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

618.90 635.74 645.31 629.66 632.37 638.61 645.74 676.71 628.95 645.61 656.95 655.70 677.32 674.53 706.77 695.27 710.79 773.67 765.09 770.85 778.51 809.86 823.49 816.49 870.47
759.28 781.73 782.91 775.89 772.32 760.75 770.94 756.42 770.29 787.18 798.11 795.33 799.90 799.50 819.58 822.47 838.93 856.38 866.10 848.30 868.14 889.81 918.82 921.44 944.58
811.42 841.35 841.57 841.81 841.40 834.13 845.57 850.90 852.62 869.51 876.64 870.33 866.15 858.27 883.64 877.73 893.91 911.04 923.56 906.18 930.39 952.66 976.12 984.23 1003.96
1020.84 1040.72 1052.78 1056.04 1043.45 1027.33 1042.66 1035.87 1032.92 1058.99 1074.70 1068.95 1071.28 1085.16 1097.10 1098.45 1130.98 1162.32 1174.35 1170.70 1182.71 1227.38 1254.11 1233.91 1275.91
1230.57 1261.69 1290.76 1258.64 1245.42 1250.45 1229.25 1222.57 1216.55 1267.18 1285.56 1283.99 1286.43 1292.61 1336.55 1295.00 1316.48 1359.15 1374.33 1406.98 1378.91 1421.42 1468.13 1437.85 1473.59
861.26 886.14 892.22 888.81 881.92 870.37 880.99 875.39 877.16 899.97 912.68 908.77 911.41 915.08 936.46 932.02 952.60 979.80 986.42 978.99 992.77 1022.33 1048.63 1041.61 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

570.00
874.91
1011.95
1144.54
1406.91
1027.15

835.00
908.53
1038.55
1180.02
1474.66
1055.12

600.00
917.84
1094.79
1197.13
1555.55
1085.79

784.50
949.36
1106.59
1217.95
1567.48
1112.52

710.00
936.07
1092.49
1176.85
1545.91
1089.60

710.00
946.23
1097.67
1220.34
1503.32
1099.47

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

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

852.01
962.03
1012.48
1267.41
1455.25
1091.12

790.00
948.13
1099.92
1267.69
1612.31
1131.19

816.43
1017.54
1059.78
1272.76
1512.71
1115.69

795.00
960.55
1118.67
1281.57
1544.48
1140.85

868.49
971.61
1056.15
1273.80
1472.61
1103.61

787.50
1003.31
1186.36
1324.29
1621.09
1186.98

864.99
991.77
1085.71
1354.92
1526.98
1150.02

885.00
1005.37
1170.55
1329.91
1605.32
1186.34

893.42
1041.22
1084.64
1412.06
1568.64
1194.57

896.00
1032.08
1218.70
1412.23
1704.51
1242.74

810.59
1045.16
1110.98
1439.82
1583.28
1194.19

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

Average Rents by Age of Building by County


(In Dollars)
2008
County

Year Built

Adams

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

Arapahoe

Boulder/
Broomfield

Denver

Douglas

Jefferson

Metro
Average

1st

2nd

2009
3rd

4th

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

1st

2nd

2010
3rd

4th

1st

2nd

2011
3rd

4th

1st

2nd

2012
3rd

4th

1st

771.85
664.89
775.43
933.09
974.50

1223.15
689.63
851.28
942.72
1022.66

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

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

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

687.70
683.56
675.88
945.79
1067.50
1118.35
1487.61

688.30
679.98
694.00
897.46
1192.30
1216.35
1452.69

701.17
722.09
697.31
879.79
1195.83
1171.44
1475.04

706.92
700.21
696.78
875.35
1223.33
1173.06
1441.60

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

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

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

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

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

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

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

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

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

585.00 585.00 585.00


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

585.00
734.60
695.41
1007.29
990.91
1048.61
1176.86

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

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

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

849.11
1054.17
1014.19

852.10
1049.47
1060.01

852.10
1123.60
1028.09

635.00
808.70
1070.64
1020.44

1027.62
992.65

852.63
991.04
1019.24

886.76
1069.31
1069.81

886.76
1034.89
1037.61

900.18
1081.59
1067.85

865.86
1152.44
1066.22

931.67
1186.78
1059.19

895.97
1172.80
1018.56

895.97
1085.75
1120.42

871.45 917.49 892.45


1091.13 1099.56 1115.19
1120.42 1168.07 1112.77

1017.75
1162.74
1086.85

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

II-17

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

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

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

2nd

2013
3rd

4th

1st

2nd

2014
3rd

4th

610.00 610.00 650.00


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

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

705.00 720.00 690.00


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

3rd

725.00
839.80
795.08
969.56
1138.73
1100.10
1178.40
778.10
806.54
777.77
921.06
1245.98
1184.68
1291.55
668.60
1073.63
1024.01
1104.00
1314.05
1164.20
1438.62
920.45
883.22
820.95
1097.33
1241.42
1345.69
1557.09

720.00
868.69
785.57
982.59
1216.03
1210.59
1190.93
787.70
832.42
816.87
975.89
1303.08
1253.16
1339.75
735.00
1165.91
973.62
1141.01
1378.75
1236.72
1412.91
910.95
887.41
856.07
1211.73
1314.45
1408.99
1593.16

740.00
943.82
843.78
1129.01
1250.27
1208.16
1264.27
766.55
871.51
858.82
1035.39
1352.23
1241.62
1388.66
819.43
976.90
990.78
1248.36
1377.68
1257.72
1709.75
926.42
893.56
877.54
1172.72
1438.66
1426.85
1563.94

740.00
924.02
914.97
1118.81
1262.42
1272.45
1293.51
860.90
948.14
877.17
1035.74
1342.04
1233.66
1388.11
735.00
1076.47
1009.93
1198.07
1399.62
1247.20
1599.32
954.17
970.78
910.96
1201.99
1433.33
1429.33
1674.03

983.70 985.93 1062.57


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

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

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

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

1083.75
1285.21
1253.23
1346.89
763.11
850.58
901.49
1057.96
1175.32
1460.01
1234.90
893.72
870.22
834.33
987.65
1238.13
1231.47
1399.77

1192.26
1477.31
1301.05
1367.35
774.68
879.82
933.99
1108.25
1297.65
1235.05
1228.22
887.92
880.90
856.38
1054.31
1322.41
1281.97
1439.29

1229.78
1498.26
1319.07
1430.49
747.07
909.92
970.25
1194.23
1299.81
1389.82
1358.45
897.83
899.30
888.47
1104.52
1358.91
1295.10
1468.71

1260.77
1488.82
1330.77
1494.91
865.50
867.50
965.81
1155.63
1275.49
1301.34
1369.06
939.17
962.50
920.05
1100.00
1353.86
1304.43
1527.83

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

4th

1st

2nd

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

2008
1st

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

2nd

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

2009
3rd

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

548.21

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

4th

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

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

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

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

1st

2nd

2010
3rd

4th

1st

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

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

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

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

523.21

523.21
689.10

523.21

548.21

523.21

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

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

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

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

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

2nd

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

2011
3rd

4th

1st

2nd

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

2012
3rd

4th

1st

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

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

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

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

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

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

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

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

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

487.50

487.50

548.21

523.21

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

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

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

895.97 895.97 824.18


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

2nd

2013
3rd

4th

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

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

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

1st

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

3rd

4th

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

2nd

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

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

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

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

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

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

Average Rent per Square Foot by Apartment Type by County


(In Dollars)

Metro Average

Jefferson

Douglas

Denver

Boulder/
Broomfield

Arapahoe

Adams

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

II-19

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

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

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

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

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

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

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

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

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

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

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

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

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

Average Rent Per Square Foot by Apartment Unit Size by County


(In Dollars)

County

Apartment
Size (Sq. Ft)

Adams

499 below

Arapahoe

Jefferson

Metro
Average

2007

2008

2009

2010

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

1.31

1.27

1.22

1.27

1.22

1.13

1.05

1.09

1.09

1.47

1.47

1.28

1.32

1.31

1.30

1.28

1.37

1.28

1.30

1.33

2nd

2011
3rd

4th

2012

1st

2nd

3rd

1.25

1.49 1.36 1.23 1.24

1.23

4th

2013

1st

2nd

3rd

1.28

1.38 1.29

1.35

4th

2014

1st

2nd

3rd

1.33

1.38 1.46

1.33

4th

1st

2nd

3rd

4th

1.35

1.39 1.62

1.44

1.42

1.65
1.39

500 to 749

0.99

1.00

0.96

0.96

0.96

1.00

1.02

1.00

1.01

1.04

1.02

1.03

1.05

1.09

1.07

1.07

1.07

1.07

1.06

1.04

1.11

1.12 1.13 1.12 1.15

1.09

1.24

1.18 1.21

1.15

1.15

1.13 1.18

1.21

1.24

1.24 1.28

1.30

1.38

0.92

0.96

0.96

0.98

0.95

0.98

0.96

0.95

0.95

0.98

0.96

0.98

0.98

1.02

1.00

0.99

0.96

1.00

0.98

0.91

1.01

1.01 1.03 1.02 1.03

1.02

1.07

1.02 1.07

1.04

1.05

1.05 1.07

1.10

1.12

1.13 1.17

1.20

1.24

1.29

1000 above

0.95

0.98

0.97

0.95

0.96

0.96

0.96

0.95

0.96

0.99

0.97

0.96

0.95

1.03

1.01

1.00

0.98

0.98

0.94

0.88

0.98

0.99 1.01 1.00 1.00

1.02

1.02

1.02 1.03

1.02

1.04

1.03 1.06

1.10

1.14

1.10 1.15

1.21

1.24

1.28
1.73

499 below

0.97

1.05

0.97

1.02

1.01

1.01

1.07

1.03

1.10

1.16

1.14

1.11

1.02

1.09

1.13

1.16

1.17

1.15

1.16

1.10

1.45

1.48 1.41 1.18 1.18

1.20

1.20

1.23 1.25

1.26

1.31

1.31 1.35

1.39

1.42

1.41 1.46

1.52

1.61

500 to 749

0.98

0.97

0.98

0.96

0.96

0.96

0.97

0.95

0.94

0.98

1.00

1.00

1.01

1.02

1.02

1.00

1.02

0.99

0.99

0.98

1.03

1.04 1.05 1.04 1.05

1.03

1.05

1.06 1.08

1.10

1.11

1.10 1.13

1.15

1.20

1.19 1.23

1.28

1.33

1.37

750 to 999

0.95

0.93

0.96

0.95

0.96

0.96

0.97

0.95

0.94

0.95

0.95

0.94

0.95

0.96

0.97

0.99

0.98

0.95

0.98

0.96

0.97

0.98 1.01 1.02 1.00

1.01

1.02

1.03 1.05

1.06

1.08

1.07 1.08

1.13

1.15

1.15 1.18

1.22

1.29

1.30
1.24

1000 above

Douglas

2006

2nd

750 to 999

Boulder/
499 below
Broomfield
500 to 749

Denver

2005
1st

0.94

0.93

0.95

0.93

0.93

0.94

0.94

0.94

0.91

1.01

0.93

0.93

0.94

0.93

0.96

0.96

0.94

0.94

0.96

0.94

0.93

0.96 1.00 1.01 0.99

1.00

1.00

1.01 1.02

1.07

1.09

1.06 1.07

1.10

1.13

1.10 1.14

1.19

1.22

1.85

1.36

1.33

1.37

1.34

1.40

1.34

1.38

1.40

1.36

1.43

1.39

1.34

1.39

1.39

1.43

1.40

1.61

1.42

1.39

1.42

1.43 1.44 1.60 1.47

1.54

1.56

1.63 1.62

1.74

1.81

1.70 1.68

1.73

1.64

1.88 1.85

1.91

1.96

2.05

1.16

1.17

1.14

1.13

1.11

1.17

1.18

1.19

1.21

1.17

1.19

1.22

1.24

1.30

1.31

1.29

1.30

1.31

1.31

1.27

1.25

1.25 1.26 1.28 1.33

1.32

1.36

1.38 1.41

1.43

1.47

1.48 1.51

1.54

1.53

1.53 1.61

1.65

1.65

1.68

750 to 999

0.98

1.00

1.01

1.05

1.05

1.03

1.06

1.03

1.02

1.05

1.01

1.04

1.03

1.04

1.09

1.08

1.06

1.07

1.07

1.05

1.06

1.11 1.12 1.12 1.14

1.14

1.14

1.16 1.18

1.21

1.28

1.25 1.29

1.33

1.37

1.40 1.41

1.41

1.49

1.56

1000 above

1.01

1.03

1.05

1.06

1.01

1.00

1.08

1.05

1.06

1.04

0.99

1.04

0.99

1.02

1.02

1.01

0.96

0.98

1.00

0.97

0.98

1.09 1.06 1.06 1.07

1.08

1.10

1.10 1.14

1.14

1.16

1.14 1.22

1.27

1.26

1.26 1.26

1.32

1.36

1.37

499 below

1.13

1.08

1.10

1.16

1.19

1.25

1.35

1.31

1.34

1.18

1.22

1.32

1.30

1.31

1.32

1.34

1.33

1.37

1.39

1.56

1.39

1.38 1.41 1.40 1.40

1.43

1.48

1.51 1.53

1.56

1.60

1.56 1.64

1.71

1.70

1.72 1.75

1.77

1.83

1.94

500 to 749

1.02

1.02

1.03

1.06

1.05

1.08

1.10

1.08

1.08

1.10

1.12

1.11

1.12

1.14

1.13

1.11

1.12

1.09

1.11

1.13

1.13

1.13 1.13 1.12 1.15

1.15

1.18

1.20 1.22

1.26

1.28

1.22 1.25

1.26

1.30

1.37 1.40

1.44

1.49

1.56

750 to 999

0.96

0.96

0.99

0.98

0.97

0.98

1.11

1.02

1.02

1.04

1.08

1.04

1.04

1.11

1.10

1.09

1.11

1.08

1.07

1.09

1.06

1.11 1.11 1.12 1.11

1.10

1.13

1.13 1.18

1.23

1.22

1.17 1.20

1.23

1.28

1.29 1.32

1.40

1.38

1.43

1000 above

0.97

0.98

0.99

1.00

0.98

0.97

1.01

0.99

0.99

1.01

1.02

1.02

1.02

1.06

1.06

1.08

1.09

1.05

1.02

1.04

1.01

1.04 1.02 1.03 1.03

1.05

1.10

1.08 1.15

1.18

1.21

1.20 1.17

1.20

1.23

1.23 1.26

1.26

1.32

1.40

499 below
500 to 749

0.98

0.94

1.13

1.01

0.99

1.08

1.01

1.00

0.97

1.00

1.01

1.06

1.01

1.02

1.07

1.06

1.03

1.05

1.08

1.00

1.19

1.05 1.16 1.20 1.21

1.21

1.23

1.18 1.20

1.20

1.18

1.19 1.24

1.39

1.37

1.39 1.40

1.52

1.56

1.54

750 to 999

1.14

1.09

1.12

1.12

1.10

1.09

1.08

1.08

1.06

1.11

1.09

1.15

1.12

1.14

1.15

1.11

1.07

1.05

1.11

1.08

1.12

1.14 1.16 1.16 1.17

1.14

1.18

1.14 1.18

1.18

1.18

1.25 1.24

1.28

1.30

1.32 1.33

1.42

1.44

1.47

1000 above

1.08

1.02

1.06

1.05

1.03

1.06

1.02

1.00

1.00

1.02

1.01

1.01

1.01

1.03

1.03

1.00

1.00

1.00

1.05

1.01

1.06

1.08 1.10 1.08 1.09

1.09

1.12

1.12 1.11

1.15

1.14

1.17 1.16

1.24

1.21

1.20 1.23

1.31

1.35

1.35

499 below

1.08

1.05

1.04

1.07

1.13

1.10

1.11

0.99

0.99

0.98

0.99

1.08

0.99

1.37

1.41

1.40

1.41

1.39

1.36

1.40

1.24

1.21 1.07 1.08 1.16

1.18

1.24

1.19 1.17

1.51

1.21

1.52 1.32

1.35

1.41

1.58 1.71

1.91

1.97

1.91
1.43

500 to 749

1.02

1.04

1.05

1.03

1.03

1.06

1.05

1.05

1.02

1.02

1.02

1.06

1.02

1.04

1.05

1.02

1.03

1.03

1.03

1.02

1.03

1.04 1.05 1.06 1.07

1.08

1.11

1.11 1.13

1.16

1.21

1.18 1.21

1.24

1.29

1.28 1.29

1.36

1.43

750 to 999

0.93

0.95

0.94

0.95

0.94

0.94

0.95

0.95

0.91

0.93

0.94

0.96

0.95

0.97

1.00

0.96

0.96

0.97

0.98

1.05

0.97

0.99 1.01 0.99 1.00

1.00

1.03

1.03 1.05

1.08

1.11

1.10 1.13

1.15

1.21

1.17 1.19

1.27

1.34

1.30

1000 above

0.91

0.91

0.91

0.92

0.89

0.91

0.94

0.96

0.91

0.90

0.90

0.89

0.91

0.96

0.97

0.94

0.93

0.91

0.93

0.94

0.93

0.94 0.96 0.94 0.95

0.97

0.99

0.97 0.99

1.01

1.04

1.07 1.07

1.14

1.14

1.11 1.16

1.22

1.25

1.20
1.91

499 below

1.32

1.11

1.11

1.15

1.17

1.20

1.25

1.23

1.26

1.22

1.25

1.28

1.23

1.30

1.30

1.33

1.32

1.32

1.35

1.42

1.40

1.41 1.40 1.36 1.34

1.38

1.41

1.46 1.47

1.52

1.55

1.53 1.55

1.60

1.59

1.65 1.69

1.73

1.82

500 to 749

1.01

1.01

1.02

1.02

1.01

1.03

1.05

1.03

1.02

1.05

1.06

1.07

1.07

1.09

1.08

1.07

1.08

1.06

1.07

1.06

1.09

1.09 1.10 1.10 1.11

1.10

1.14

1.14 1.17

1.18

1.20

1.17 1.20

1.22

1.27

1.29 1.32

1.36

1.42

1.46

750 to 999

0.97

0.97

0.98

0.99

0.98

0.98

1.01

0.98

0.97

0.99

0.99

1.00

1.00

1.03

1.03

1.02

1.01

1.00

1.02

1.01

1.02

1.04 1.06 1.06 1.06

1.05

1.08

1.07 1.10

1.12

1.13

1.12 1.14

1.18

1.22

1.22 1.25

1.30

1.34

1.36

1000 above

0.97

0.97

0.98

0.98

0.96

0.96

0.98

0.98

0.96

1.00

0.97

0.97

0.97

1.00

1.00

1.00

0.98

0.97

0.98

0.96

0.97

1.01 1.01 1.01 1.01

1.03

1.04

1.04 1.07

1.10

1.11

1.11 1.11

1.16

1.18

1.16 1.19

1.24

1.27

1.30

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

II-20

Rental Losses from


Discounts/Concessions, Models, Delinquents, and Bad Debts
(In Percent)
Average Rent Minus Rental Losses Equals Effective Rent
2005
Building Type

1st

2nd

2007

2006
3rd

4th

1st

2nd

3rd

4th

1st

2nd

2008
3rd

4th

1st

2nd

2009

2010

3rd

4th

1st

2nd

3rd

7.1

26.9

4th

2011

2012

2013

2014

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2.1

3.8

5.2

4.2

2.4

2nd

3rd

4th

0.9 11.9

0.8

Size
Up to 8

6.5

2.4

3.5

4.3

2.6

9 - 50

2.3

2.8

1.3

-7.1

6.8

51 - 99

5.4

3.6

4.7

7.3

7.4

1.2

4.1

0.3

6.6

22.2

1.2 15.3 13.9 16.6

3.9

8.0

24.2

6.4

3.4

9.9

4.7

5.2

4.6

0.1

5.5

2.4

2.7

6.4

-2.1

2.9

3.3

5.2

2.1

3.5

13.8

4.9 11.6

8.2 12.1

1.7

4.3

3.6 10.7

13.7

26.5

-8.5

4.8

7.3

3.8

5.0

4.2

8.1

8.9

3.9

4.2

6.0

3.2

4.9

4.2

4.9

4.4

5.2

6.8

5.2

11.0 13.2

5.7

4.8

6.8

7.9

5.0

5.9 11.2

5.6

6.8

5.3

5.0

13.3

12.2

4.9

4.9

5.7

6.5

4.7

5.9

7.3

8.2

5.2

3.2

1.1

6.5

3.5

2.4 10.2

3.4

2.4

6.7 12.1

100 - 199

10.0

9.6

11.1

13.6

7.9

13.4

14.0 14.7 13.9

11.1

11.5 13.5

8.5

8.2

13.0

7.4

3.6

5.9

7.3

5.1

5.4

6.7

10.4 10.4 10.8

13.0

8.0

10.3

7.8

7.7

5.5

4.3

4.2

5.6

8.5

8.4

8.1

200 to 349

15.1

18.5

19.7

9.2

18.2

19.0

20.1 17.0 16.2

14.1

13.7 14.3 11.0 11.8 14.3

12.9 10.0

10.3

9.1

8.7

6.9

11.3

9.9

14.4 10.5 10.3

10.9

9.0

9.0

8.4

9.8

8.9

7.7

8.2

9.2 11.6

6.1

7.4

10.4

9.3

350 up

19.9

17.3

20.3

7.6

20.5

17.9

18.6 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

10.0

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

Age
To 1959

2.4

2.0

5.5

10.2

9.5

1960-69

2.8

6.5

5.8

5.8

9.4

1970-79

9.4

5.6

12.5

11.4

12.5

6.7

7.2

14.2 10.9

6.0

1.9

16.5 13.6 12.0

6.8

10.6

6.5

10.8 12.1

9.2

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

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

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

8.5 12.2

9.1

7.8

9.8

6.4

7.7

7.7

6.1

7.0

10.0

8.9

9.2

8.1

8.4

9.7

10.5

7.2

7.1

8.1

7.3

7.0

7.4

10.1 11.7

10.1 10.8

9.7

11.7

6.9

5.5

12.2

6.0

14.1

6.8

9.1

7.7

13.4

13.1

8.4

2.8

5.8

10.5

7.9

3.2

6.7

8.2

8.6

3.3

12.4 10.7

6.5

8.4

4.2

5.0

2.7

5.7

1980-89

8.7

15.1

18.7

14.3

12.6

16.2 16.9 16.4

13.6

12.2 12.2 10.8 10.8 12.2

14.3

9.1

7.9

6.7

9.7

6.9

6.7

9.6

13.2

9.8

7.9

13.7

11.7

1990-99

13.8

18.6

20.0

17.1

18.9

17.7 17.3 15.4

18.2

11.1 12.0 12.0

11.5 11.2

3.5

6.2

8.0

3.3

7.3

7.7

12.3

8.6

7.5

11.1

9.2

2000-04

19.0

23.8

21.2

24.5

22.7

20.7 19.2 19.2

18.5

13.3 12.0 11.4 10.5 12.6

7.6

8.8

16.7

10.5

13.6 11.7

14.6 11.1 11.1

11.9

11.5

16.0

18.0

10.7 21.0 16.9

-5.4

23.0 17.6

18.0

17.5

22.7 15.5

22.0 11.2 18.9

18.6

9.4

2005 up

7.3

9.7

7.7

4.2 34.1

8.7

8.3

32.9

8.1

18.6 12.2

11.9

8.9

4.2

9.0

4.8

5.9

6.5

County
Adams

13.6

17.6

15.5

15.5

16.7

18.1 18.1 14.7

14.7

16.2 12.6 12.6 12.0 12.5

11.8 11.1

7.1 11.8

10.4

8.3

12.4 11.9

14.6 10.4 10.6

13.8

14.5

10.8

8.1

5.5

5.7

7.9

7.2

14.4

4.2

8.6 11.0

14.0

Arapahoe

15.3

16.7

17.9

14.5

14.6

16.1 15.8 17.1

12.1

13.3 13.3 10.7 12.0 15.4

12.5 10.8

9.5

7.4

10.8

9.9

11.6 11.4

17.1 12.4

8.9

11.7

10.4

8.8

8.7

11.0

11.4

8.3

8.2

10.2

8.0

4.8

6.0

9.4 10.5

8.9

Boulder/Broomfield

25.1

11.9

17.8

19.8

18.2

22.6 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

Denver

12.3

13.3

17.9

15.0

16.5

18.8 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

Douglas

20.6

25.8

22.6

26.7

22.8

26.1 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

Jefferson

8.9

10.6

11.8

14.7

12.4

9.4 12.9 10.5

14.6

Average

15.0

15.4

17.3

16.7

16.4

17.1 16.3 15.3

14.3

7.8 10.7 11.6

8.4

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

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

II-21

8.8

Economic Vacancy Rates by Size, Age and County


Defined as Physcial Vacancy Plus Concessions and Writeoffs
as a Percentage of Gross Potential Rent
(In Percent)
Building
Type

2005
1st

2nd

3rd

2006
4th

1st

2nd

3rd

Up to 6

17.5 12.8 10.0 11.9

8.1

9.5

9.8

9 - 50

12.9 12.9 11.6

2007
4th

1st

2nd

3rd

2009

2008
4th

1st

2nd

3rd

4th

1st

2nd

3rd

2010
4th

1st

2nd

2011
3rd

4th

1st

2nd

2012
3rd

4th

2013

1st

2nd

3rd

4th

1st

2nd

2014
3rd

4th

1st

2nd

3rd

4th

Size (in units)


3.0 14.1 10.5 11.5

5.7 21.3 18.7 21.4

9.8 14.3 33.2 12.9 31.3 11.3

8.0

14.1

8.4

5.1

6.6

9.7

8.0

6.7

6.7

3.8

8.8

5.0

5.5

4.7

8.6

1.6

3.5

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

2.7 14.1
9.6

8.4

3.2

7.4 14.4

7.2

7.7

10.3 15.1

10.9

8.1

8.0

9.7

13.4

13.4 11.6

13.8

51 - 99

15.2 11.5 13.3 15.5 14.3 18.6 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

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

12.7

13.6

16.0

15.9

15.9

17.5

12.9

15.1

11.7

12.0

9.3

0.7

14.2

200 to 349

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

17.2

15.4

19.0

15.7

15.6

15.2

13.4

13.8

13.0

14.3

12.9

13.3

13.2

13.3 15.9

11.7

13.6

15.2 13.0

11.9

350 up

29.3 25.3 28.7 29.0 25.5 26.0 25.1 24.5 25.3 17.3 14.9 17.5 17.3 17.0 19.8 17.0 14.9 17.3 20.5 17.2

18.2

17.4

21.3

15.8

14.9

18.2

18.5

14.9

16.7

16.3

16.8

14.6

10.4

14.9 12.0

16.2

10.5

13.0 13.4

15.2

12.7 11.4

Age (year built)


To 1959

10.2

1960-69

11.5 15.4 16.3 14.1 16.0 22.2 21.0 12.5

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

8.5 12.5 11.3 10.9 14.8 11.1

10.2

10.4

9.2

7.2

8.7

5.9

8.2

14.1

6.4

8.5

8.3

7.1

8.5

8.3

8.6

8.7

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

1970-79

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

12.4

16.9

20.1

16.9

14.1

14.1

15.9

14.3

10.9

16.3

13.8

13.8

15.3

10.3 21.9

11.5

9.6

11.9 12.0

14.2

1980-89

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

12.6

14.6

17.6

14.5

12.4

18.2

16.4

14.3

17.6

14.0

12.5

14.9

10.0

11.7 12.0

11.0

10.8

14.3 13.1

13.0

7.6

7.5

8.8
11.0

1990-99

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

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

2000-04

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

18.5

16.8

18.7

15.7

16.1

15.8

15.4

15.0

15.2

13.8

15.7

11.5

10.3

15.9

9.5

18.7

10.8

12.6 11.5

17.3

2005 up

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

36.2

26.5

35.1

23.9

31.4

27.5

17.4

16.7

14.9

18.1

13.6

10.7

15.9

16.1 14.3

12.7

19.6

16.8 13.3

12.0

County
Adams

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

19.2

17.1

19.1

16.2

16.1

19.0

19.9

15.6

18.7

15.7

12.3

10.0

10.8

11.7 12.9

19.7

8.9

13.1 14.9

17.7

Arapahoe

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

18.8

17.8

23.8

19.0

15.3

17.2

16.0

15.6

15.0

16.6

16.2

13.3

12.4

14.7 12.7

9.9

10.4

14.1 15.1

13.7

Boulder/Broomfield

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

8.9

12.4

10.7

9.2

18.6

16.9

10.0

12.4

10.3

9.8

9.3

6.2

11.5

11.7 10.4

9.6

14.0

13.3 12.1

Denver

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

14.6

17.1

18.6

15.6

15.5

16.5

14.6

14.0

11.9

13.1

12.1

15.6

12.6

10.7 15.5

13.0

16.3

14.1

8.8

9.2

13.7

Douglas

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

16.0

9.2

17.8

11.7

14.7

12.8

15.5

13.8

13.5

17.4

19.9

13.7

13.6

17.5 10.7

18.3

12.2

16.2 15.4

14.3

Jefferson

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

14.1

11.9

12.8

10.9

10.3

12.3

12.2

11.0

12.4

11.5

12.4

9.0

8.6

11.1 14.0

12.1

7.7

13.2 11.1

9.7

Average

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

16.2

15.7

18.9

15.4

15.0

16.2

15.3

14.3

14.0

14.5

13.8

12.3

11.8

13.0 13.2

12.9

12.0

14.0 13.0

13.3

II-22

Average Rents for the Metropolitan Area


(in dollars)

Efficency

1 Bed

2 Bed
1 Bath

2 Bed
2 Bath

3 Bed

Other

All

By County
Adams

678.44

951.44

1064.45

1302.52

1518.36

1164.66

Arapahoe

802.01

975.63

1065.40

1305.64

1656.59

1465.39

1120.14

1075.11

1187.06

1220.35

1563.65

1687.07

1383.50

1329.54

Denver

967.63

1075.16

1119.18

1520.75

1824.68

1390.41

1183.28

Douglas

995.00

1193.55

1356.54

1527.71

1874.46

2038.00

1384.25

Jefferson

796.20

1003.25

1054.85

1277.67

1486.25

1078.81

1123.56

Metro Average

914.50

1034.51

1105.34

1383.44

1635.19

1291.34

1168.65

Boulder/Broomfield

1096.11

By Market Area
Adams County
Aurora-North

643.33

726.29

850.00

Commerce City

500.00

1022.99

1167.39

1375.80

1590.28

739.11

Northglenn/Thornton

870.12

1018.31

1087.82

1336.05

1463.57

1177.78

1156.80

Westminster

650.07

884.96

1040.73

1242.69

1578.31

1144.33

1027.68

1205.60

Arapahoe County
Arapahoe County - South

1157.36

1173.95

1243.44

1488.73

1700.35

1449.57

1347.39

Arapahoe County - Southeast

1095.00

1179.20

1449.37

1484.50

1697.58

2134.00

1350.70

Aurora - Central Northeast

687.99

786.12

857.69

1152.37

2855.00

Aurora - Central Northwest

787.24

995.14

1123.30

1388.58

1530.93

1420.00

1169.83

1792.14

1058.28

1397.06

1128.65

Aurora - Central Southeast

865.70

893.76

1055.24

1181.60

1624.24

Aurora - Central Southwest

676.14

879.25

1001.66

1168.40

1719.17

Aurora - South

810.64

981.31

1087.57

1266.89

1687.15

Englewood, Sheridan

633.17

984.76

1118.78

1388.60

1666.98

Glendale

786.87

927.78

1013.26

1263.38

1384.61

997.33

Littleton

750.20

1050.60

1091.70

1326.90

1771.47

1158.28

993.19
1119.02

Boulder/Broomfield Counties
Boulder County - Other

915.00

1203.19

1365.51

1499.82

1794.70

1630.00

1390.61

Broomfield

1144.47

1192.43

1143.78

1537.72

1504.60

1692.94

1313.00

City of Boulder - Except University

1388.60

1148.91

1299.97

1962.82

2149.78

1679.94

1347.29

862.95

1378.16

1434.38

2527.28

2650.00

1026.03

1003.40

1126.05

1335.52

1486.61

City of Boulder - University Area


Longmont

1521.51
1087.50

1168.77

Denver City/County
Denver - Central/Capitol Hill

817.56

1088.75

1338.47

1824.96

2297.65

1571.00

1145.04

1253.47

1482.27

1649.42

1948.46

2688.15

2257.54

1608.74

Denver - East Central/Lowry

812.74

990.55

1124.78

1449.77

1761.96

Denver - Far Southeast

827.54

931.47

1034.51

1236.46

1397.58

1260.10

1023.03

Denver - North Central/City Park

765.52

1420.84

1199.38

2069.75

1216.00

848.75

1351.79

Denver - Northeast

966.00

902.56

799.89

1394.76

1549.00

Denver - Northwest

1325.58

1310.26

1280.63

2030.14

Denver - South Central/Wash Park

1013.25

1035.99

1571.08

1865.44

Denver - Southeast

683.35

881.52

1046.96

Denver - Southwest

556.01

978.20

1061.49

Denver - West Central

997.97

894.63

790.84

1106.02

1214.31

1391.43

1619.72

1207.19

1383.71

1551.97

1952.61

2038.00

1402.33

1650.00

1101.84

Denver - Downtown

1193.43

1033.90
701.45

1360.56

3218.86

2758.82

1312.38

1179.75

1284.13

739.29

1317.66

2471.00
912.50

979.37
1069.83

776.00

869.81

Douglas County
Castle Rock
Douglas County - North

995.00

1281.93

Jefferson County
Arvada

970.00

976.65

999.23

1435.49

1392.81

Golden

735.75

1152.59

925.63

1324.25

1239.36

Lakewood - North

507.93

950.23

1067.31

1251.53

1349.25

977.82

1052.87

Lakewood - South

827.76

1041.47

1131.05

1274.53

1607.03

1216.87

1176.60

Wheat Ridge

751.52

793.14

952.41

837.35

1223.11

856.51

883.86

II-23

1211.21

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

1411.00

Arapahoe

573.33

748.75

Boulder/Broomfield

500.00

833.75

1105.00

Denver

512.50

802.83

871.25

1035.00

653.18

834.79

771.67

756.44

853.13

1411.00
673.57

1185.00

946.56
1153.33

472.50

822.50

Douglas
Jefferson
Metro Average

1207.63
1185.00

1192.82

857.44
785.33

850.91

1411.00

1411.00

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

450.00

450.00

Aurora - Central Southeast


Aurora - Central Southwest
Aurora - South
Englewood, Sheridan
Glendale
Littleton

635.00

748.75

710.83

891.25

1087.50

956.67

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

821.67

1185.00

1003.33

City of Boulder - University Area


Longmont

500.00

640.00

1122.50

650.00

733.21

1233.33

846.25

Denver City/County
Denver - Central/Capitol Hill

1153.33

860.71

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

375.00

Denver - South Central/Wash Park

675.00

761.67

445.00

706.88

978.57

1100.00

500.00

938.89

651.67

918.00

573.33

801.00

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

1035.00

Lakewood - North

783.33

Lakewood - South

695.00

Wheat Ridge

702.00

II-24

840.71

873.61
802.73
1241.57

983.81

970.00

812.50

695.00

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

Efficency

2 Bed
1 Bath

1 Bed

2 Bed
2 Bath

3 Bed

Other

All

By County
Adams

550.00

749.61

861.15

1074.69

1004.80

Arapahoe

614.58

806.43

864.07

1046.50

1185.67

824.95
869.98

Boulder/Broomfield

701.67

913.42

1486.85

1228.25

1590.00

1064.34

Denver

718.66

939.52

1202.43

1285.21

1257.50

Jefferson

651.46

726.21

807.99

900.25

Metro Average

708.62

903.57

1049.30

1153.19

Aurora-North

625.00

691.30

800.00

Commerce City

500.00

867.82

990.50

1199.00

1006.00

954.53

775.00

900.00

1000.00

845.83

667.50

780.00

1496.13

969.57

1033.43

982.08

788.07

1192.61

1275.82

935.36

Douglas

By Market Area
Adams County

Northglenn/Thornton
Westminster

625.00

710.83

795.00

741.88

Arapahoe County
Arapahoe County - South

803.33

929.17

866.25

2855.00

1486.95

1173.82

1084.74

Arapahoe County - Southeast


Aurora - Central Northeast

1342.61

2102.00

Aurora - Central Northwest

844.00

883.00

725.29

815.00

738.03

793.68

1103.60

Aurora - Central Southeast


Aurora - Central Southwest
Aurora - South
Englewood, Sheridan

730.28

Glendale
Littleton

614.58

1050.00

765.78

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

1010.00

City of Boulder - University Area


Longmont

547.50

1022.25

1400.00

1500.00

1620.00

1119.25

1064.64

1700.00

1414.38

2650.00

1363.43

713.72

786.25

906.25

873.33

746.67

1310.71

Denver City/County
Denver - Central/Capitol Hill

731.05

957.08

1261.35

1185.00

1237.52

1657.30

1724.50

773.75

825.00

800.00

900.00

1015.05

1199.38

Denver - Northeast

698.33

984.50

Denver - Northwest

950.62

1138.18

1200.00

876.94

1066.50

1700.00

756.50

1021.00

Denver - Downtown
Denver - East Central/Lowry

514.17

Denver - Far Southeast


Denver - North Central/City Park

Denver - South Central/Wash Park

753.25

774.49

Denver - Southeast
Denver - Southwest

429.74

977.47
1323.72
766.50

1000.00
870.00

1216.00

866.67
848.75

942.75
918.46
1117.82

1350.00

2900.00

1046.92
822.63

759.50

653.31

Denver - West Central

776.00

776.00

Douglas County
Castle Rock
Douglas County - North
Jefferson County
650.00

769.28

Golden

Arvada
682.94

798.38

958.42

Lakewood - North

570.00

719.17

777.29

765.00

855.00

679.63

831.51

Lakewood - South
Wheat Ridge

587.50

II-25

986.00

805.16
813.15

900.26

1159.00

921.56
1030.50

900.00

785.00

768.14
963.62
765.85

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

681.12

953.13

1066.84

1303.28

1521.30

1162.75

Arapahoe

805.31

977.03

1067.62

1306.43

1663.50

1465.39

1098.21
1121.92

Boulder/Broomfield

1083.59

1194.40

1215.91

1566.19

1688.56

1383.50

1334.61

Denver

1002.07

1092.13

1111.91

1523.25

1844.20

1370.41

1203.89

Douglas

995.00

1193.55

1356.54

1527.71

1874.46

2038.00

1384.25

Jefferson

803.71

1013.50

1075.28

1279.28

1493.56

1089.36

1135.76

Metro Average

934.22

1040.20

1108.59

1384.54

1641.55

1293.92

1176.32

By Market Area
Adams County
Aurora-North

645.00

Commerce City

745.00

875.00

1030.99

1182.24

1382.66

1621.44

751.97
1220.09

Northglenn/Thornton

870.12

1018.78

1088.50

1336.05

1464.57

1177.78

1157.32

Westminster

650.20

885.63

1043.11

1243.88

1578.31

1139.00

1028.90

Arapahoe County
Arapahoe County - South

1157.36

1173.95

1243.44

1492.90

1740.24

1449.57

1349.83

Arapahoe County - Southeast

1095.00

1179.20

1449.37

1484.50

1697.58

2134.00

1350.70

Aurora - Central Northeast

687.99

772.67

852.59

1152.37

Aurora - Central Northwest

787.24

995.42

1126.74

1392.60

1554.32

1420.00

1170.73

1792.14

1058.28

1397.06

1128.65

Aurora - Central Southeast

857.11

893.76

1055.24

1181.60

1624.24

Aurora - Central Southwest

676.14

879.25

1001.66

1168.40

1719.17

Aurora - South

810.64

981.31

1087.57

1266.89

1687.15

Englewood, Sheridan

633.17

997.34

1121.57

1388.60

1666.98

Glendale

786.87

927.78

1013.26

1263.38

1384.61

997.33

Littleton

776.03

1070.84

1162.72

1330.30

1771.47

1182.47

993.19
1130.02

Boulder/Broomfield Counties
Boulder County - Other

915.00

1205.10

1369.08

1499.82

1794.70

1630.00

1392.01

Broomfield

1144.47

1192.43

1143.78

1537.72

1504.60

1692.94

1313.00

City of Boulder - Except University

1395.36

1155.95

1298.39

1981.75

2161.82

1679.94

1355.68

862.95

1396.41

1328.13

2622.00

1079.00

1034.07

1133.64

1343.83

City of Boulder - University Area


Longmont

1534.52
1509.05

1087.50

1190.49

Denver City/County
Denver - Central/Capitol Hill

848.82

1201.56

1413.76

1866.69

2728.54

1571.00

1251.87

1253.47

1486.58

1648.97

1948.74

2688.15

2257.54

1611.87

Denver - East Central/Lowry

918.12

1021.24

1138.06

1449.77

1761.96

Denver - Far Southeast

827.54

931.92

1038.79

1236.46

1399.86

Denver - North Central/City Park

778.00

1636.97

Denver - Northeast

966.00

903.22

795.92

1394.76

Denver - Northwest

1343.19

1328.84

1748.70

2426.34

Denver - South Central/Wash Park

1083.36

1090.20

1613.33

1876.91

3362.62

Denver - Southeast

683.35

882.62

1047.14

1179.75

1284.13

Denver - Southwest

606.00

987.03

1061.49

1317.66

2471.00

1082.72

Denver - West Central

997.97

894.63

790.84

912.50

876.07

1106.02

1214.31

1391.43

1619.72

1207.19

1383.71

1551.97

1952.61

2038.00

978.05

1009.79

1650.00

Denver - Downtown

1225.89
1260.10

2167.03

1023.87
1600.84

1549.00

1034.62
710.00

1411.95
1378.06

739.29

980.30

Douglas County
Castle Rock
Douglas County - North

995.00

1281.93
1402.33

Jefferson County
Arvada

970.00

Golden

1196.90

1435.49

1408.16

1324.25

1239.36

1108.67
1258.59

Lakewood - North

499.31

985.21

1127.74

1268.25

1360.85

987.61

1091.45

Lakewood - South

827.76

1041.77

1133.91

1274.53

1607.03

1242.93

1177.53

Wheat Ridge

756.81

802.73

972.59

836.93

1229.95

856.51

893.69

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

906.00
838.17

Boulder/Broomfield
Denver

977.03

1110.00
1068.52

1796.23

1688.16

2400.00

1511.26

1811.93

1972.58

1961.82

1475.93

1361.53

1621.74

1966.25

1757.56

1354.02

1364.25
1096.45

1363.69

1070.42

1235.30

978.86

1259.63

1395.00

1072.29
1529.43

Douglas
Jefferson
Metro Average

1094.85

1224.07

1158.11

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

906.00

1110.00

1395.00

1900.00

978.86

Arapahoe County
Arapahoe County - South

1104.00

3100.00

1395.00

1514.95

Arapahoe County - Southeast


Aurora - Central Northeast

1342.61

2102.00

2855.00

1486.95

2083.00

1541.54

Aurora - Central Northwest


Aurora - Central Southeast
Aurora - Central Southwest
Aurora - South

1351.00

1700.00

687.50

944.75

1074.00

1158.19

Glendale

867.90

902.87

1052.48

1114.95

Littleton

600.00

875.00

1035.36

Englewood, Sheridan
1300.00

962.27

1005.00

888.61

Boulder/Broomfield Counties
Boulder County - Other
Broomfield

1370.00

1686.00

City of Boulder - Except University

1285.00

1699.00

1501.17
2400.00

1713.77

City of Boulder - University Area


Longmont
Denver City/County
Denver - Central/Capitol Hill
Denver - Downtown

980.64

1302.19

1447.99

1898.44

2909.41

1571.00

1412.88

1247.30

1514.66

1643.05

1999.49

2707.00

2190.92

1644.79

Denver - East Central/Lowry

600.00

700.00

800.00

825.00

980.00

Denver - Far Southeast

986.67

1186.03

1427.00

1180.05

1400.00

1675.00

1212.63

1570.17

870.00

2069.75

1090.00

848.75

1680.32

Denver - North Central/City Park

760.12

Denver - Northeast
Denver - Northwest

1343.19

1706.20

2044.15

2445.56

Denver - South Central/Wash Park

1195.32

1226.08

1956.57

1954.95

3362.62

2900.00

1621.18

Denver - Southeast

660.34

756.62

930.93

941.00

1037.50

675.00

812.65

Denver - Southwest

606.00

773.00

853.00

726.59

1089.00

1303.00

1551.00

1236.16

Denver - West Central

1760.04

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

1879.48

2367.83

2139.93

985.00

1028.00

1005.76

Lakewood - North
Lakewood - South
Wheat Ridge

II-27

Median Rents by Apartment Type by County


(in dollars)

Metro Average

Jefferson

Douglas

Denver

Boulder/ Broomfield

Arapahoe

Adams

County
2008
2009
2010
Apartment Type
1st
2nd
3rd
4th
1st
2nd
3rd
4th
1st
2nd
3rd
Efficency
663.36 729.95 728.63 512.76 521.40 514.20 493.62 629.64 493.45 595.20 686.00
1 Bed
695.61 741.40 752.27 735.45 714.80 712.92 698.05 708.81 721.02 745.48 783.20
2 Bed, 1 Bath
790.21 796.14 821.64 790.32 781.20 772.57 768.97 764.09 839.67 811.42 880.89
2 Bed, 2 Bath
938.80 990.08 971.09 970.45 970.46 977.07 933.63 935.27 985.21 971.53 989.41
3 Bed
1195.71 1220.91 1299.10 1219.00 1263.30 1263.95 1144.13 1091.43 1134.00 1164.66 1207.00
Other
979.20 966.40 933.00 1081.45 825.00 796.69 792.40 834.73 835.53 830.00 863.86
All
800.82 860.09 846.85 819.93 804.19 830.88 792.58 791.26 841.34 848.31 880.96
Efficency
522.83 549.66 539.97 506.74 520.67 471.39 508.58 491.69 478.53 505.62 563.55
1 Bed
692.64 702.28 712.16 696.99 698.93 671.26 695.23 682.06 696.61 704.76 714.65
2 Bed, 1 Bath
769.82 799.46 813.51 783.15 774.87 737.18 759.10 755.78 776.51 796.06 804.76
2 Bed, 2 Bath
922.50 926.97 943.52 960.37 939.21 932.95 964.12 912.03 910.27 939.95 968.34
3 Bed
1165.40 1194.58 1194.51 1187.51 1202.94 1211.50 1179.00 1196.42 1182.00 1263.00 1289.50
Other
943.33 992.22 987.78 1012.33 890.44 844.00 892.22 924.33 1126.40 1063.00 1064.17
All
793.42 803.78 813.80 817.00 811.29 766.91 797.97 775.82 804.38 806.11 831.40
Efficency
591.11 782.25 761.20 748.00 703.73 711.21 731.84 694.11 730.69 732.50 730.75
1 Bed
831.50 848.72 929.41 819.20 814.27 837.06 838.45 848.61 876.13 881.92 847.46
2 Bed, 1 Bath
834.40 847.82 864.36 878.08 878.45 860.57 868.03 859.19 852.88 848.26 882.52
2 Bed, 2 Bath 1157.47 1130.67 1158.99 1176.93 1027.71 1040.15 1063.13 1081.09 1084.97 1185.00 1128.96
3 Bed
1190.50 1252.50 1292.55 1276.23 1221.75 1283.62 1268.54 1291.75 1294.50 1319.40 1304.91
Other
796.65 1004.55 1056.08 1038.82 1038.82 1038.82 1038.82 1056.08 1088.82 1095.91 1120.91
All
900.88 939.52 962.40 933.41 908.63 912.98 900.89 898.70 901.77 976.65 952.14
Efficency
585.05 586.95 579.56 567.78 560.87 569.66 583.13 598.60 591.04 604.62 589.58
1 Bed
709.48 712.36 716.15 729.99 717.59 710.60 729.80 714.86 728.44 712.75 731.88
2 Bed, 1 Bath
761.44 801.30 794.22 808.07 813.26 772.78 784.20 745.70 838.18 844.91 828.27
2 Bed, 2 Bath 1017.87 996.59 996.61 1003.89 1015.48 1012.45 965.53 985.72 1010.27 990.80 966.00
3 Bed
1416.45 1394.00 1389.81 1384.29 1249.63 1295.50 1225.00 1218.19 1203.15 1203.47 1213.79
Other
1082.00 1004.00 1000.00 998.29 1063.00 1382.00 917.50 1058.13 1061.29 1068.02 638.75
All
792.76 800.19 808.46 809.75 794.74 785.91 785.26 779.53 801.41 814.14 809.30
Efficency
738.00 663.00 663.00 688.00 738.00 738.00 738.00 563.00 838.00 588.00 750.00
1 Bed
865.20 858.90 848.82 830.38 831.26 828.04 862.26 822.73 864.82 862.86 941.95
2 Bed, 1 Bath
901.53 969.33 991.46 916.67 920.75 872.31 1027.94 924.92 1039.00 1020.53 1090.13
2 Bed, 2 Bath 1116.84 1168.58 1141.68 1088.58 1096.33 1045.20 1126.49 1101.38 1122.12 1194.51 1207.70
3 Bed
1357.65 1351.22 1430.44 1377.22 1287.69 1294.31 1431.09 1366.47 1415.61 1607.57 1606.43
Other
1238.00 1238.00 1238.00 1244.26 1388.00 1542.00
1038.00 1038.00 1038.00
All
941.51 1009.32 1018.39 956.59 981.90 963.78 1015.36 1011.78 1036.39 1024.27 1111.17
Efficency
660.00 524.93 524.16 523.09 521.12 520.75 516.23 522.91 517.02 516.98 529.60
1 Bed
717.96 722.68 729.85 718.27 684.40 694.00 691.44 702.01 698.46 711.34 752.37
2 Bed, 1 Bath
757.63 756.43 768.54 745.31 749.32 757.26 756.89 749.52 776.46 786.35 771.55
2 Bed, 2 Bath
937.69 939.20 958.37 905.91 911.90 881.18 914.68 919.93 926.46 921.66 956.22
3 Bed
1081.94 1080.96 1111.56 1032.26 1033.11 1086.62 1083.50 1083.97 1079.86 1093.17 1130.85
Other
901.41 912.25 911.88 951.90 957.18 941.87 938.69 938.41 940.47 940.71 979.35
All
798.25 783.40 808.45 769.71 776.89 773.87 767.07 780.74 787.94 795.47 828.57
Efficency
584.82 592.10 582.07 566.98 570.29 581.92 588.23 596.64 571.13 579.18 613.21
1 Bed
722.14 735.56 745.89 738.93 724.82 710.88 726.67 711.90 728.63 735.15 749.67
2 Bed, 1 Bath
789.41 809.05 826.45 801.88 804.14 769.97 782.65 769.37 809.55 826.90 838.76
2 Bed, 2 Bath
962.72 980.89 988.95 988.68 966.46 964.30 982.39 963.07 964.45 973.29 992.71
3 Bed
1199.32 1210.45 1268.08 1214.02 1209.31 1216.93 1198.11 1193.86 1162.92 1235.78 1252.71
Other
956.20 980.00 979.97 992.55 942.14 932.00 912.25 947.68 992.85 1045.31 986.29
All
820.85 833.75 841.81 829.24 821.14 808.42 817.09 811.32 836.61 842.70 856.64
Rents are based on units being unfurnished with tenants paying gas and electricity.
Average rent minus rental losses equals effective rent.
Average rents do not reflect "rental losses" from discounts/concessions, models, delinquents, and bad debts.

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

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

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

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

1043.79 1061.57 1015.33 1071.85 1046.92


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

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

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

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

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

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

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

II-28

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

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

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

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

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

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

1 Bed

Difference

2 Bed
1 Bath

2 Bed
2 Bath

3 Bed

All

Outside Storage

1,117.02

1,086.21

1,208.96

1,405.25

1,693.91

1,237.47

795.49

980.11

1,026.68

1,348.35

1,567.01

1,092.25

145.22

Patio or Balcony

1,018.17

1,070.43

1,141.49

1,396.29

1,679.54

1,211.20

721.82

837.46

959.83

1,106.95

1,224.43

896.27

314.93

Fireplace

1,005.95

1,061.59

1,179.43

1,377.85

1,711.15

1,214.21

842.07

985.45

1,024.32

1,405.48

1,467.00

1,078.62

135.59

Nine-Foot Ceilings

1,157.61

1,161.52

1,282.03

1,474.79

1,766.40

1,319.94

766.18

898.25

1,007.10

1,186.73

1,393.57

990.60

329.34

963.41

1,042.51

1,118.97

1,388.02

1,660.09

1,185.73

811.57

974.73

1,020.75

1,302.59

1,328.89

1,030.83

154.91

Spa or Sauna

1,020.67

1,123.42

1,255.55

1,460.67

1,766.14

1,280.78

854.19

930.83

1,011.57

1,245.90

1,469.81

1,038.22

242.56

Exercise Room

1,023.14

1,082.56

1,168.34

1,417.76

1,713.27

1,229.14

739.56

857.27

986.57

1,112.70

1,314.83

944.02

285.12

880.91

996.59

1,121.08

1,348.09

1,657.36

1,158.65

924.00

1,050.92

1,099.15

1,402.13

1,621.19

1,173.13

-14.48

Microwave

1,066.67

1,154.51

1,276.46

1,464.83

1,787.97

1,303.80

806.16

883.10

1,006.68

1,199.49

1,429.39

995.80

307.99

Washer/Dryer Hookups

1,128.85

1,102.85

1,190.32

1,405.08

1,702.50

1,252.08

816.07

960.02

1,042.33

1,339.09

1,505.17

1,067.64

184.44

Garbage Disposal

935.88

1,041.48

1,117.98

1,394.26

1,650.88

1,179.91

718.74

896.49

911.56

1,111.02

1,293.87

952.82

227.09

Dishwasher

985.77

1,061.15

1,134.01

1,394.74

1,660.07

1,200.00

721.92

830.00

922.28

1,122.83

1,279.55

890.03

309.97

Air Conditioning

954.96

1,046.39

1,123.34

1,395.00

1,667.42

1,185.96

702.66

862.62

932.04

1,099.78

1,223.96

924.38

261.58

Ceiling Fan

926.65

1,047.32

1,108.35

1,403.11

1,654.78

1,180.93

876.43

1,002.33

1,098.39

1,334.40

1,591.68

1,138.46

42.47

Attached Garage

1,123.90

1,221.06

1,371.14

1,543.79

1,853.94

1,390.67

866.29

984.81

1,067.56

1,316.15

1,545.44

1,104.36

286.31

Covered Parking

1,044.88

1,091.00

1,167.88

1,420.36

1,726.50

1,227.76

768.95

969.04

1,062.73

1,333.06

1,559.15

1,103.88

123.88

Clubhouse

1,009.54

1,087.71

1,174.09

1,426.16

1,718.24

1,235.22

808.60

888.06

992.59

1,181.61

1,375.33

983.75

251.48

Business Center

1,027.93

1,106.98

1,185.33

1,438.07

1,713.92

1,257.14

827.97

899.15

1,016.96

1,191.40

1,397.83

995.41

261.73

950.65

1,054.27

1,131.64

1,402.62

1,657.95

1,194.15

697.49

831.17

903.90

1,036.10

1,247.08

890.86

303.30

Resident Pays Sewer/Water

1,003.44

1,075.22

1,137.38

1,411.77

1,694.38

1,215.48

734.27

862.56

1,005.42

1,149.52

1,323.32

956.66

258.82

Unit Security/Alarm System

1,121.51

1,138.92

1,294.19

1,434.31

1,766.80

1,295.57

893.83

1,015.32

1,081.87

1,370.45

1,606.40

1,144.22

151.36

Handicapped Access

1,042.61

1,106.69

1,199.97

1,444.26

1,721.36

1,253.66

762.58

922.37

1,018.51

1,247.36

1,487.84

1,035.07

218.59

Heat Included in Rent

705.95

850.08

1,032.72

1,128.60

1,273.58

903.29

972.60

1,050.76

1,112.58

1,387.79

1,645.25

1,187.43

-284.14

Swimming Pool

Sport Court

Pets Allowed

II-29

Estimate of New Apartments by County by Quarter

2007
County
Adams
Arapahoe
Boulder/
Broomfield
Denver
Douglas
Jefferson
Metro Area
Total

1st

2nd

3rd

Adams
Arapahoe
Boulder/
Broomfield
Denver
Douglas
Jefferson
Metro Area
Total

Yearly
Total

2008
1st

2nd

3rd

4th

Yearly
Total

2009
1st

2nd

3rd

4th

0
240
0
0
240
0
0
342
0
342
0
0
39
0
36026 36266 36266 36266 36266 36266 36266 36608 36608 36608 36608 36608 36647 36647
0
0
0
558
558
80
20
876
0
976
0
84
436
0
57741 57741 57741 58299 58299 58379 58399 59275 59275 59275 59275 59359 59795 59795
0
60
77
231
368
0
55
206
376
637
307
0
238
0
32535 32595 32672 32903 32903 32903 32958 33164 33540 33540 33847 33847 34085 34085
0
0
79
37
116
0
201
151
203
555
1094
605
169
609
102938 102938 103017 103054 103054 103054 103255 103406 103609 103609 104703 105312 105917 106086
0
270
370
88
728
137
0
0
210
347
0
0
210
0
9505
9775 10145 10233 10233 10370 10370 10370 10580 10580 10580 10580 10790 10790
120
72
60
0
252
0
0
30
0
30
0
0
0
0
41326 41398 41458 41458 41458 41458 41458 41488 41488 41488 41488 41488 41488 41488
120
642
586
914
2262
217
276
1605
789
2887
1401
693
1528
169
280071 280713 281299 282213 282213 282430 282706 284311 285100 285100 286501 287194 288722 288891

2011
County

4th

1st

2nd

3rd

Yearly
4th Total

2012
1st

2nd

3rd

Yearly
4th Total

2013
1st

2nd

3rd

II-30

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

Yearly
4th Total

0
0
19
0
19
0
0
0
0
0
220
0
0
0
36647 36647 36666 36666 36666 36666 36666 36666 36666 36666 36886 36886 36886 36886
0
0
454
0
454
0
0
0
36
36
0
86
0
55
59961 59961 60415 60415 60415 60415 60415 60415 60451 60451 60451 60537 60537 60592
21
238
26
0
285
0
0
0
146
146
788
95
1481
721
34202 34440 34466 34466 34466 34466 34466 34466 34612 34612 35400 35495 36976 37697
41
66
215
512
276
573
87
1071
0
1577
190
135
0
0
106280 106470 106536 106751 106751 107027 107162 107735 107822 107822 107822 107822 107822 109399
0
0
0
62
62
0
0
232
60
292
83
48
0
0
10790 10790 10790 10852 10852 10852 10852 11084 11144 11144 11227 11275 11275 11275
0
91
0
15
106
0
428
0
0
428
0
0
110
56
41571 41662 41662 41677 41677 41677 42105 42105 42105 42105 42105 42105 42215 42271
62
519
565
292
1438
276
563
805
329
1973
1091
229
0
2409
289451 289970 290535 290827 290827 291103 291666 292471 292800 292800 293891 294120 295711 298120

Top number denotes apartment units added in quarter.


Bottom number denotes total units at end of quarter.

Yearly
Total

220
36886
141
60592
3085
37697
1577
109399
131
11275
166
42271
3729
298120

2010
1st

2nd

3rd

4th Yearly Total

0
0
0
0
36647 36647 36647 36647
166
0
0
0
59961 59961 59961 59961
0
96
0
0
34085 34181 34181 34181
7
0
146
0
106093 106093 106093 106239
0
0
0
0
10790 10790 10790 10790
0
0
0
83
41488 41488 41488 41571
173
96
0
229
289064 289160 289160 289389

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

2014
1st

2nd

3rd

4th Yearly Total

0
0
322
0
36886 36886 37208 37208
174
66
548
306
60766 60832 61380 61686
483
179
386
788
38180 38359 38745 39533
124
1240
890
764
109523 110287 111527 112417
0
421
0
74
11275 11696 11696 11770
0
595
0
228
42271 42866 42866 43094
657
1261
1256
2286
298901 300926 303422 305708

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

Apartment Unit Absorption by Quarter and Year

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

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
276696
789
277485
0.093
252228
25789
2706
279213
154
279367
0.074
258694
20673
1049
279951
120
280071
0.071
260186
19885
-168
282213
217
282430
0.059
265767
16663
769
285100
1401
286501
0.084
262435
24066
-142
288891
173
289064
0.065
270275
18789
3629
289389
62
289451
5.5%
273531
15920
58
290827
276
291103
4.9%
276816
14287
1807
292800
1091
293891
4.6%
280511
13380
2330
298120
781*
298901
5.1%
282542
16359
2

Second
277485
1075
278560
0.080
256765
22327
4537
279367
130
279497
0.069
260212
19285
1518
280071
642
280713
0.062
263309
17404
3123
282430
276
282706
0.062
265178
17528
-589
286501
693
287194
0.090
261347
25847
-1088
289064
96
289160
0.061
271521
17639
1246
289451
519
289970
4.8%
276051
13919
2520
291103
563
291666
4.8%
277700
13966
885
293891
229
294120
4.2%
282031
12089
1519
298901
2025*
300926
4.7%
286504
14422
3972

Third
278560
369
278929
0.077
257943
21518
1178
279497
75
279572
0.067
260841
18731
629
280713
586
281299
0.053
266390
14909
3081
282706
1605
284311
0.065
265831
18480
653
287194
1528
288722
0.074
267357
21365
6010
289160
0
289160
0.053
273835
15325
2314
289970
565
290535
4.8%
276478
14057
427
291666
805
292471
4.3%
280024
12447
2323
294120
1591
295711
4.4%
283107
12604
1077
300926
2496*
303422
3.9%
292224
11198
5720

Fourth
278929
284
279213
0.079
257645
22100
-298
279572
379
279951
0.070
260354
19597
-487
281299
914
282213
0.061
264998
17215
-1392
284311
789
285100
0.079
262577
22523
-3254
288722
169
288891
0.077
266646
22245
-711
289160
229
289389
0.055
273473
15916
-362
290535
292
290827
5.4%
275009
15818
-1469
292471
329
292800
4.9%
278377
14423
-1647
295711
2409*
298120
5.2%
282540
15580
-312
303422
2286
305708
4.7%
291161
14547
-1063

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.
*numbers were revised to relfect a change in data sources

II-31

Year-End
276696
2517
279213
0.079
257645
22100
8123
279213
738
279951
0.070
260354
19597
2709
279951
2262
282213
0.061
264998
17215
4644
282213
2887
285100
0.079
262577
22523
-2421
285100
3791
288891
0.077
266646
22245
4069
288891
498
289389
0.055
273473
15916
6827
289389
1438
290329
5.4%
275009
15791
1536
290827
1973
292800
4.9%
278377
14423
3368
292800
5320
298120
5.2%
282540
15580
4613
298120
7588
305708
4.7%
291161
14547
8631

Monthly Resident Turnover


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

2005
Building Type

1st 2nd

3rd

2005
4th

Ave

2006
1st 2nd

3rd

2006
4th

Ave

2007
1st 2nd

3rd

2007
4th

Ave

2008
1st 2nd

2008

3rd

4th

Ave

2009

2009

1st 2nd

3rd

4th

Ave

2010

2010

1st 2nd

3rd

4th

Ave

2011

2011

1st 2nd

3rd

4th

Ave

2012

2012

1st 2nd

3rd

4th

Ave

2013

2013

1st 2nd

3rd

4th

Ave

2014

2014

1st 2nd

3rd

4th

Ave

Size
Up to 8

7.1

5.2

5.6

3.0

5.2

4.6

5.8

7.0

2.9

5.1

4.6

6.1

7.3

1.9

5.0

1.1

4.0

6.5

4.6

4.6

5.2

4.1

9.4

5.0

5.9

3.9

3.7

5.6

4.6

4.5

4.5

6.0

5.0

2.4

4.5

3.2

4.4

4.1

2.7

3.6

3.6

3.1

5.8

4.7

4.3

1.7

3.6

7.7

1.3

9 - 50

4.4

4.4

6.5

4.4

4.9

3.7

4.1

4.6

3.9

4.1

3.8

5.4

5.3

3.6

4.5

3.4

5.6

6.4

4.7

4.7

4.4

6.7

5.5

5.0

5.4

3.5

6.2

5.1

3.6

4.6

2.5

4.9

5.7

3.4

4.1

2.8

5.1

4.0

4.6

4.1

3.4

4.0

6.3

4.4

4.5

3.5

3.4

6.1

3.1

3.6
4.0

51-99

2.8

4.3

5.6

3.2

4.0

2.8

3.8

5.6

4.3

4.1

2.8

4.2

3.8

3.3

3.5

3.4

3.7

5.1

3.6

3.6

3.9

4.9

5.2

3.5

4.4

2.6

4.4

5.1

3.0

3.8

3.9

4.1

4.9

3.1

4.0

2.9

4.6

5.3

2.3

3.8

2.9

3.8

5.0

3.5

3.8

2.9

4.2

4.2

3.0

3.6

100 - 199

4.3

5.1

6.0

4.3

4.9

4.4

4.9

5.6

3.3

4.6

3.5

5.0

5.4

3.8

4.5

3.8

4.6

5.6

4.3

4.3

3.4

5.7

6.0

4.3

4.9

3.8

5.9

5.9

3.7

4.8

3.5

4.8

5.9

3.5

4.4

2.9

5.2

6.1

3.7

4.5

3.6

4.5

5.5

3.9

4.4

3.3

5.1

5.6

3.5

4.4

200 to 349

4.3

5.1

5.7

4.4

4.9

4.2

5.3

5.7

4.4

4.9

3.7

5.3

6.4

4.4

5.0

4.2

5.1

6.2

4.5

4.5

3.8

5.3

5.9

4.5

4.9

4.1

5.2

5.4

3.9

4.6

3.6

5.3

6.2

4.0

4.8

3.8

5.7

6.2

4.0

4.9

3.6

5.2

5.6

3.9

4.6

3.5

5.2

6.5

4.0

4.8

350 up

3.3

5.3

5.7

4.1

4.6

4.5

5.5

5.6

4.5

5.0

3.9

5.9

6.8

4.5

5.3

4.1

5.8

6.5

4.3

4.3

4.5

5.4

6.2

4.5

5.2

4.0

5.9

5.9

4.0

5.0

4.8

5.2

6.2

4.1

5.1

4.0

5.6

6.2

4.1

5.0

3.7

5.2

6.4

3.9

4.8

3.7

5.0

6.3

3.9

4.7

To 1959

4.9

5.7

6.0

4.3

5.2

4.6

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

1960-69

3.5

4.6

7.2

4.4

4.9

3.9

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
4.6

Age

1970-79

3.8

4.7

5.5

3.9

4.5

4.1

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

1980-89

3.7

5.3

5.7

4.3

4.7

4.2

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

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

1990-99

4.5

5.4

5.4

4.6

5.0

4.3

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

2000-2004

3.7

5.2

6.4

4.2

4.9

4.4

5.8

5.9

5.3

5.3

4.4

5.9

7.2

5.0

5.6

4.2

5.7

6.6

5.1

5.1

4.7

6.1

6.6

4.6

5.5

3.9

5.5

6.0

3.8

4.8

4.9

5.5

6.4

4.1

5.2

3.8

5.6

6.2

4.5

5.0

3.8

4.9

5.9

4.3

4.7

3.7

5.1

6.2

3.8

4.7

2.3

2.3

2.8

3.5

4.7

1.9

3.2

3.9

3.9

7.4

3.9

4.8

3.6

3.5

3.4

1.6

1.6

2.3

2.5

3.0

3.0

2.7

3.9

6.1

4.6

3.6

4.6

3.9

4.3

7.2

3.6

4.8

3.9

7.0

8.3

5.2

6.1

3.5

5.4

5.6

3.9

4.6

3.1

5.3

7.6

3.9

5.0

4.8

2005 up
County
Adams

3.8

5.3

5.9

4.5

4.9

4.6

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

Arapahoe

4.1

5.2

5.4

4.6

4.8

4.4

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

Boulder/Broomfield

3.5

4.5

7.0

3.1

4.5

3.9

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
5.0

Denver

4.0

5.0

5.4

3.8

4.6

4.0

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

Douglas

3.5

4.9

6.6

4.2

4.8

4.3

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

Jefferson

4.0

5.2

5.8

4.4

4.8

4.0

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

Average

3.9

5.1

5.8

4.2

4.7

4.2

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

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

One Bedroom

Percent Vacant

Total

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Percent Vacant

Total

Percent Vacant
2

0.0%
0.0%
0.0%
0.0%
0.0%

34
24
24
45
62
235
74
197
316
157
321
179
230
223
257
81
36
85
73
124
86
6
145

0.0%
0.0%
0.0%
2.2%
1.6%
3.0%
4.1%
2.5%
1.3%
6.4%
2.2%
1.7%
3.9%
1.8%
1.9%
1.2%
13.9%
5.9%
1.4%
2.4%
5.8%
0.0%
2.1%

116
20
8
87
69
79
346
34
91
138
59
35

6.0%
5.0%
0.0%
3.4%
1.4%
2.5%
3.8%
8.8%
4.4%
5.8%
6.8%
0.0%

132

3.8%

1
12
1

3
40
5

33.3%
30.0%
20.0%

7
1
3
1
2
13
3
4
8
4

9
4

4328

Other

Percent Vacant

Total

Total
Percent Vacant

0.0%
75.0%

3.5%

Total

0.0%

3
9
19
12
4
8
36
37
9
226
41
65
133
108
77
77
114
123
103
87
85
106
39
45
50
60
52
36
69
66
43
9
222
33
7
16
6
13
3
7
107
2
15
14
12
21
2
1
11

7
2453

Percent
0.0%
50.0%

0.0%

0.0%

1
6

0.0%
0.0%

4
1
10
22
9

0.0%
0.0%
0.0%
0.0%
0.0%

7
2
10
41
571
637
523
372
561
1188
1325
866
2953
1169
2318
2856
3052
2745
1626
3301
2175
2401
2228
2222
2317
1543
1697
1045
1520
1155
1014
1658
1234
1133
338
1715
1009
208
237
132
231
21
122
17
393
125
311
372
184
89
39
129
253

0.0%
0.0%
0.0%
7.3%
1.6%
3.0%
2.3%
1.1%
1.4%
3.0%
2.8%
1.0%
7.7%
3.5%
2.8%
4.7%
3.5%
2.8%
4.7%
3.5%
5.7%
4.3%
3.9%
3.8%
4.6%
2.5%
2.7%
4.8%
3.9%
4.5%
3.6%
4.2%
5.3%
3.8%
2.7%
12.9%
3.3%
3.4%
6.8%
4.5%
5.6%
14.3%
5.7%
0.0%
27.2%
1.6%
4.8%
3.8%
6.5%
23.6%
5.1%
0.8%
4.3%

18
92
3
1
7
2
11
190
55722

11.1%
1.1%
0.0%
0.0%
0.0%
0.0%
0.0%
3.7%
4.4%

44
29
37
93
636
877
621
598
988
1835
2088
1309
3504
1746
3181
3669
3812
3910
2775
4519
4172
4316
3870
3171
4422
3097
3108
2558
4290
3120
3846
3533
3347
2100
2541
3985
2642
1851
2528
1193
1688
1744
1093
892
2283
816
1109
1190
781
753
578
650
713
171
451
200
383
127
56
46
145
2324
118213

0.0%
0.0%
0.0%
4.3%
1.6%
3.0%
2.6%
1.5%
1.5%
2.9%
2.6%
1.4%
7.0%
3.4%
2.5%
4.3%
3.3%
2.5%
4.6%
3.0%
5.1%
4.1%
4.3%
4.0%
4.4%
3.2%
3.4%
5.2%
4.6%
3.9%
4.8%
4.3%
4.5%
3.9%
4.0%
7.8%
4.4%
4.2%
5.1%
6.2%
6.2%
4.0%
8.3%
9.9%
8.6%
5.9%
4.5%
4.5%
22.2%
7.8%
6.4%
5.5%
5.3%
10.5%
3.8%
4.0%
7.8%
5.5%
1.8%
0.0%
2.1%
10.0%
4.7%

2
1

151

0.0%

Total

50.0%

4
1
9
21
2

Three Bedroom

Percent Vacant

10
2

1
1
7
3
5
4
10
7
3
9
4
5
1
5
5
1
3
5

Total

1
3
7
11
2
7
10
9
16
11
10
41
14
79
44
54
35
24
39
28
11
44
22
14
14
34
17
23
13
36
4
6
7
6
3
20
1
1
1
3
4
2
3

3
2

9
748

0.0%

2
3
3
7
3
5
23
24
87
460
439
227
187
216
470
507
633
609
900
876
1404
1007
736
570
600
730
477
280
916
681
482
330
754
404
597
302
465
250
152
118
124
2
81
146
87
2
77
58
19
77
113
39
43
12
1
53
31
17
29

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
4.3%
0.0%
3.4%
1.5%
2.5%
0.9%
3.7%
4.6%
1.9%
3.2%
1.7%
1.6%
4.6%
1.6%
5.6%
4.4%
7.3%
6.1%
4.0%
5.3%
5.9%
3.9%
4.8%
3.2%
2.9%
4.2%
4.5%
4.2%
3.9%
4.3%
7.7%
1.6%
3.9%
5.9%
4.8%
0.0%
3.7%
13.7%
1.1%
50.0%
0.0%
1.7%
0.0%
3.9%
3.5%
5.1%
7.0%
0.0%
0.0%
5.7%
0.0%
11.8%
0.0%

7
90
18047

0.0%
10.0%
4.1%

0.0%
0.0%

2
37
109
113
86
190
67
458
137
210
462
880
626
353
1157
734
814
1140
1674
1130
1920
1274
1169
378
1482
1932
949
1090
1950
916
938
1558
675
698
1588
387
513
588
407
400
295
381
120
10
288

0.0%
10.8%
1.8%
4.4%
0.0%
4.2%
0.0%
0.4%
5.1%
1.4%
1.1%
3.6%
2.7%
0.8%
4.9%
2.6%
2.6%
6.1%
5.1%
4.0%
6.1%
4.2%
3.4%
3.4%
4.3%
4.0%
4.1%
5.2%
5.1%
6.4%
5.9%
4.0%
8.9%
8.3%
5.0%
8.0%
4.7%
4.9%
36.1%
7.3%
8.5%
7.3%
3.3%
0.0%
3.5%

4
2
5
8
2
7
3
5
32
17
3
57
19
21
69
86
45
118
54
40
13
64
77
39
57
99
59
55
62
60
58
79
31
24
29
147
29
25
28
4
10
15

227
24

6.6%
0.0%

3
169
1833

100
1470
34130

3.0%
11.5%
5.4%

0.0%

10
14
7
10
12
4
6
5
18
18
5
4
15
5

1
1
1
4
1
7
31
3
37
14
120
10
42
49
4
4
40
52
84
139
66
35
65
1
178
140
181
24
300
158
215
21
215
293
183
166
152
157
131
101
253
149
144
55
122
85

0.0%
0.0%
0.0%
25.0%
0.0%
0.0%
3.2%
0.0%
2.7%
0.0%
5.0%
0.0%
2.4%
0.0%
0.0%
0.0%
0.0%
0.0%
6.0%
2.2%
9.1%
2.9%
1.5%
0.0%
3.9%
2.1%
4.4%
4.2%
5.0%
1.9%
9.8%
0.0%
4.7%
4.8%
3.8%
6.0%
7.9%
2.5%
4.6%
5.0%
7.1%
12.1%
3.5%
7.3%
12.3%
5.9%

33
250

44
27
488
4802

0.0%
0.0%
6.8%
5.2%

1
1
6
1

5
3
6
1
1
7
3
8
1
15
3
21

0.0%
0.0%

5
1
30

0.0%
0.0%
3.3%

24
24
49
31
23
6
8
5
8
8
15
16
190
21
108
2
71
23

0.0%
0.0%
0.0%
0.0%
0.0%
33.3%
0.0%
0.0%
12.5%
0.0%
0.0%
18.8%
0.0%
0.0%
11.1%
0.0%
8.5%
4.3%

98
33
12

9.2%
0.0%
0.0%

2
1

41
31
8

4.9%
3.2%
0.0%

55

7.3%

10

10

100.0%

1
2
2

21
6
19
30

4.8%
0.0%
10.5%
6.7%

44

4.5%

20

5.0%

4
10
26
16
9
15
54
55
18
244
60
79
159
124
96
127
134
214
179
167
126
195
98
106
133
197
122
186
152
150
82
101
312
117
77
129
74
105
69
91
88
197
48
50
54
173
59
37
36
38
18
17
8
30
7
1

15
75

86
1184

17.4%
6.3%

3
233
5510

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

II-33

1
23

1
1

12
6
1

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

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

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

1200.00

1100.00

1000.00

900.00

800.00

700.00

Vacancy Rate by Market Area by Quarter


for Adams County
25
14 Q1
14 Q2

Percent Vacant

20

14 Q3
14 Q4

15

10

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
1800

Efficiency
1600

1 Bed
2 Bed, 1 Bath

1400

Rent (in dollars)

2 Bed, 2 Bath
1200

3 Bed
All

1000

800

600

400

200

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
25
14 Q1
14 Q2

20

14 Q3

Percent Vacant

14 Q4

15

10

0
To 1939

1940-49

1950-59

1960-69

1970-79

1980-89

1990-99

2000-04

2005 up

Year Built

Vacancy Rate by Size of Building


for Adams County
12
14 Q1

10

14 Q2
14 Q3

Percent Vacant

14 Q4

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)

1.8
14 Q1

14 Q2

14 Q3

14 Q4

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
1.8
14 Q1

14 Q2

14 Q3

14 Q4

Rent per Square Foot (in dollars)

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

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

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
04

234

308

92 83
52 48
20

54

234

244

120

140

240

342

88

68
000 00

Year

III-5

24

000

0000

220

000

322

144

100

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

00000

Vacancy Rates by Market Area by Apartment Type


for Adams County
16
Efficiency
One bedroom
Two bed, one bath
Two bed, two bath
Three bedroom
All

14

Percent Vacant

12
10
8
6
4
2
0
Aurora-North

Commerce City/ Brighton

Northglenn/Thornton

Westminster

Adams County Average

Market Area

Vacancy Rate by Apartment Type by Quarter


for Adams County
7
14 Q1

14 Q2
14 Q3

Percent Vacant

14 Q4

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
1800
14 Q1

1600

Rent (in dollars)

1400

14 Q2
14 Q3
14 Q4

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

1200

Rent (in dollars)

1000
$817.70
800

$727.78
$620.21

$573.13

600
400
200
0
Up to 6 units

7 - 36 units

37 + units

Size of Building

III-7

5 Story or More

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
2005
County

2006

1st

2nd

3rd

7.6

5.4

9.4

-1.5 -17.0

0.7

4th

1st

2nd

8.0

6.3

-0.2

-1.3

2007

3rd

4th

1st

2nd

6.2

6.4

8.5

8.4 10.9

0.8

-3.0

0.5

2.1

3rd

2008
4th

1st

2nd

3rd

2009
4th

1st

2nd

3rd

2010
4th

1st

2nd

9.0

10.7

-2.9 -11.5

2011
3rd

4th

10.3

6.1

9.0

-6.9

-5.7

0.1

1st

2012
4th

1st

2nd

2013

2nd

3rd

3rd

4th

1st

7.3

5.6

6.4

4.0

6.0

5.4

2.7

-3.5

-4.7

0.4

-2.0

-1.3

-0.2

-3.8

-0.9

36.6

2014

2nd

3rd

4.0

5.6

-1.4

2.9

4th

1st

2nd

3rd

4th

1.1

3.7

0.9

2.3

1.0

-2.1 -38.9

-3.1

-3.3

-0.1

Aurora-North

Commerce City/
Brighton

Northglenn/
Thornton

4.8

4.3

4.1

6.2

-2.1

-4.5

-2.2

-4.6

6.4 13.7 11.8 22.2 17.3 11.8


9.4

7.7 16.0 10.9

0.0

3.2 42.6*

11.7

7.5

7.6

7.6

7.3

7.5

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

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

3.6

3.6

2.8

2.0

2.0

10.3

7.8

4.1

7.3

4.2

4.3

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

-13.1

-4.7

-2.2

-5.9

-6.1

-3.5

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

10.5

9.4

8.8

7.4

5.8

5.0

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

10.7

7.7

7.5

7.7

6.6

5.6

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

2.9

-1.0

-0.2

-1.0

-4.2

-2.1

-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

9.0

8.8

8.7

8.4

7.4

6.9

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

10.8

9.8

8.1

8.6

7.5

6.8

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

1.3

0.9

0.8

-5.0

-3.3

-3.0

-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

10.4 10.6

Westminster

10.2

9.3

8.5

7.7

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

10.6

8.7

7.7

8.1

7.0

6.1

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

1.0

-1.2

0.1

-3.6

-3.6

-2.6

-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

9.9

9.6

9.7

8.8

7.9

7.2

6.9

6.7

6.9

7.0

6.9

6.8

6.5

6.6

7.0

7.7

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

Adams County

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

III-8

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

2014
1st
20.0
9.9
0.0

2nd

3rd

4th

10.0
1.5
0.0

10.0
1.8

3.3
0.0

0.0

0.0

0.0

6.7

4.8
44.8

8.0
12.3

5.1
2.8

5.1
3.0

0.0

2.0
1.1
6.1
4.0
4.4
0.0
1.8
1.9
3.3
5.1
4.3
0.0
1.9
1.7
5.0
4.8
4.4

0.0
6.3
4.3
2.6
5.8
0.0
4.2
1.8
6.8
3.7
2.9
0.0
2.9
2.7
5.1
3.2
4.7

0.0
6.3
6.7
3.4
4.1
0.0
1.4
1.0
3.7
3.6
3.1
0.0
2.6
1.9
5.5
3.5
3.7

Square Feet in
Unit

2014

499 below
500 to 749
750 to 999
1000 above

1st
4.8
7.4
1.8
2.7

2nd
0.0
0.8
1.2

3rd
0.0
3.1
0.0

4th
0.0
1.9
0.0

Commerce
City/Brighton

499 below
500 to 749
750 to 999
1000 above

0.0
4.5
22.0
39.6

0.0
7.7
9.0
12.2

0.0
3.5
3.4
4.0

7.1
6.1
2.9
3.4

Northglenn/
Thornton

499 below
500 to 749
750 to 999
1000 above

5.9
4.0
3.5
4.6

17.6
3.5
4.7
4.6

0.0
4.1
3.6
5.2

5.9
4.2
4.4
3.7

Westminster

499 below
500 to 749
750 to 999
1000 above

3.9
4.0
4.7
3.5

5.9
4.0
4.9
4.9

5.9
3.6
3.8
3.1

7.8
2.7
3.6
3.9

Adams County 499 below


500 to 749
750 to 999
1000 above

4.1
4.1
4.8
5.5

6.5
3.8
4.9
5.0

3.1
3.8
3.7
4.5

5.3
3.4
3.9
3.8

County
Aurora-North

1.2

4.2
3.6
4.4
0.0
2.6
5.2
3.4
1.9
9.9
3.5
6.0
3.7

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)
2014

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
2000-04
2005 up
To 1939
1940-49
1950-59
1960-69
1970-79
1980-89
1990-94
1995-99
1990-99
2000-04
2005 up
To 1939
1940-49
1950-59
1960-69
1970-79
1980-89
1990-94
1995-99
1990-99
2000-04
2005 up
To 1939
1940-49
1950-59
1960-69
1970-79
1980-89
1990-94
1995-99
1990-99
2000-04
2005 up
To 1939
1940-49
1950-59
1960-69
1970-79
1980-89
1990-94
1995-99
1990-99
2000-04
2005 up

2014

County

1st

2nd

3rd

4th

20.0

10.0

10.0

10.0

6.1

0.5

1.8

0.0

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

1st

2nd

3rd

4th

4.8
3.6
4.5
2.4
4.5

0.0
0.0
2.2

0.0
2.5
2.6

0.0
1.5
0.0

Other
All

0.0
3.7

0.9

2.3

1.0

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

0.0
23.6
12.6
23.1
20.9

0.0
9.5
10.9
10.1
0.0

0.0
3.5
1.3
4.6
5.1

0.0
5.2
2.6
3.3
3.8

Other
All

21.0

9.2

3.5

4.0

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

5.6
3.6
4.3
4.2
5.7

14.8
3.6
5.4
4.3
6.0

0.0
3.6
7.1
3.5
3.1

14.7
3.8
5.0
4.0
3.4

Other
All

1.8
4.0

5.1
4.4

6.3
4.2

7.6
4.2

3.4
3.9
4.3
4.6
4.3

2.3
4.3
4.6
5.0
3.6

5.7
3.6
3.1
4.2
2.1

5.1
2.9
2.6
4.3
2.7

1.2

4.4
4.8

2.5
12.5

6.3
3.6

2.5
7.7

0.0

0.0

44.8

12.3

0.0
0.9
4.4

6.5
1.9
4.0

0.0
6.7
2.4

1.4
6.2
2.7

5.6
5.0
2.5

4.1
5.3
3.7

3.6
3.2
5.8

3.4
5.0
4.0

2.4
5.2
3.1

3.4
4.3
2.6

3.6
4.7
3.8

6.3
4.4
3.3

2.2
3.9
3.7

3.7
2.6
3.9

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

3.8
3.8

6.4
3.2

3.1
3.2

4.6
3.0

Other
All

4.2

0.0
4.5

0.0
3.6

15.7
3.3

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

4.0
4.5
4.7
5.0
6.3

3.3
4.1
5.1
4.8
5.1

4.6
3.6
4.8
3.9
2.9

6.1
3.4
3.6
4.1
3.2

Other
All

1.8
4.7

5.0
4.5

6.3
3.9

10.8
3.7

20.0
3.8
5.4
3.2

10.0
4.0
5.1
3.1

10.0
4.1
4.2
3.3

10.0
3.5
3.6
3.8

3.7
3.3
11.9

4.8
4.7
6.4

2.7
4.6
3.5

3.9
3.9
3.0

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)
2014

1st

2nd

3rd

4th

County
Aurora-North
872.50
630.00
605.67
643.33
Efficiency
939.17
741.34
673.60
726.29
1 Bed
894.00
852.03
832.69
850.00
2 Bed, 1 Bath
1290.65
2 Bed, 2 Bath
1581.14
3 Bed
997.84
780.73
703.23
739.11
All
Commerce City/Brighton
500.00
500.00
500.00
500.00
Efficiency
845.05
850.19
989.15 1022.99
1 Bed
952.87
974.88 1100.78 1167.39
2 Bed, 1 Bath
1130.59 1203.24 1326.49 1375.80
2 Bed, 2 Bath
1387.77 1450.56 1515.43 1590.28
3 Bed
981.97 1013.19 1157.28 1205.60
All
Northglenn/Thornton
742.11
761.81
710.46
870.12
Efficiency
885.86
956.50
964.13 1018.31
1 Bed
1022.14 1029.05 1046.52 1087.82
2 Bed, 1 Bath
1205.82 1262.13 1279.06 1336.05
2 Bed, 2 Bath
1396.73 1443.46 1413.52 1463.57
3 Bed
1045.08 1101.40 1101.00 1156.80
All
Westminster
766.52
658.48
625.85
650.07
Efficiency
820.03
834.76
887.62
884.96
1 Bed
917.54
934.45 1005.15 1040.73
2 Bed, 1 Bath
1114.10 1192.70 1235.62 1242.69
2 Bed, 2 Bath
1400.63 1368.28 1555.53 1578.31
3 Bed
924.89
945.16 1024.79 1027.68
All
Adams County
793.18
665.08
634.23
678.44
Efficiency
858.89
891.45
927.93
951.44
1 Bed
957.70
973.75 1025.65 1064.45
2 Bed, 1 Bath
1170.24 1234.15 1265.21 1302.52
2 Bed, 2 Bath
1402.53 1427.92 1476.72 1518.36
3 Bed
988.48 1024.07 1066.70 1096.11
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

2014
1st

2nd

3rd

To 1959
725.00
720.00
740.00
1960-69
1970-79
758.96
783.64
701.00
1980-89
1990-99
2000-04
2005 up
1215.08
Commerce City/ Brighton To 1959
1960-69
885.28
965.82 1071.84
1970-79
747.52
751.10
827.86
1980-89
1990-99
1024.48 1024.48 1081.58
2000-04
1270.83
2005 up
1193.67 1216.24 1342.45
Northglenn/Thornton
To 1959
1960-69
768.75
845.41 1006.79
1970-79
843.37
849.20
873.82
1980-89
986.96 1008.97 1102.74
1990-99
1133.18 1209.35 1203.01
2000-04
1105.36 1203.28 1202.81
2005 up
1146.21 1180.39 1231.70
Westminster
To 1959
1960-69
814.67
821.19
843.21
1970-79
778.82
759.45
831.23
1980-89
957.30
961.41 1145.41
1990-99
1147.70 1228.06 1320.57
2000-04
1072.50 1242.12 1212.52
2005 up
Adams County
To 1959
725.00
720.00
740.00
1960-69
839.80
868.69
943.82
1970-79
795.08
785.57
843.78
1980-89
969.56
982.59 1129.01
1990-99
1138.73 1216.03 1250.27
2000-04
1100.10 1210.59 1208.16
2005 up
1178.40 1190.93 1264.27
Rents are based on units being unfurnished with tenants paying gas and
electricity.

4th
740.00
739.01

1047.63
940.00
1081.58
1355.50
1368.50
913.90
936.73
1154.36
1208.65
1282.51
1262.28
856.63
907.27
1098.08
1341.93
1188.25
740.00
924.02
914.97
1118.81
1262.42
1272.45
1293.51

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

2014

2014
1st

2nd

3rd

4th

725.00
731.56
803.60

720.00
740.38
803.60

740.00
701.00

710.83
751.97

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

1215.08

907.42

902.98

948.42

954.53

821.74
1193.67

865.09
1216.24

959.23
1309.40

1006.47
1362.50

768.75

652.30
947.05
936.81
1146.81
1112.96

808.33
1031.85
983.67
1154.13
1081.55

697.90
1027.59
1031.60
1233.29
1127.32

797.42
949.76
924.87

1390.00
694.36
724.20
794.16
972.38
979.00

1390.00
710.69
818.78
770.16
1108.30
953.21

1411.00
731.14
768.87
805.44
1106.33
990.93

785.49
731.56
868.38
1025.28
998.58

1390.00
741.49
771.02
869.74
1065.48
1054.62

1390.00
798.83
820.46
920.76
1139.81
1033.38

1411.00
770.84
818.26
956.42
1174.76
1068.11

936.21
1087.64
1035.81

665.46

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

1st

2nd

3rd

4th

1006.40
1128.24
860.46
1385.20
1881.14
1018.50

638.00
737.58
859.96

608.64
644.62
835.82

636.91
731.58
857.00

746.54

649.24

733.56

488.00
732.75
887.70
1157.67
1532.80
943.53

488.00
757.75
912.70
1157.67
1582.80
1036.64

488.00
1130.17
998.50
1335.83
1444.93
1169.53

488.00
1105.17
1193.10
1485.08
1593.67
1182.52

738.00
910.59
1044.75
1228.69
1478.51
1007.96

854.75
977.47
988.61
1291.88
1530.00
1073.67

733.30
992.80
1044.29
1302.90
1413.32
1088.94

935.88
1043.15
1061.67
1371.35
1437.05
1119.20

853.73
823.49
892.60
1147.98
1464.50
905.76

597.31
820.48
886.39
1244.86
1482.64
898.36

594.00
889.07
910.45
1279.93
1591.29
990.75

617.00
903.51
984.70
1218.10
1617.71
978.72

853.51
886.35
943.14
1190.74
1478.69
963.71

601.25
895.21
922.50
1277.93
1490.82
995.95

597.19
938.85
985.84
1289.41
1577.66
1060.11

620.35
956.14
1010.43
1358.59
1597.88
1074.16

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

1st
1.89
1.27
0.99
1.11
1.30
1.24

2014
2nd

(In Dollars)

3rd

4th

1.40
1.14
0.95

1.38
1.14
1.06

1.43
1.19
1.14

1.07

1.14

1.21

County
Apartment Square Feet
Aurora-North
499 below
500 to 749
750 to 999
1000 above

1st

2014
2nd

3rd

4th

1.86
1.11
1.26
1.14

1.40
1.14
0.92

1.38
1.14
1.03

1.43
1.20
1.09

1.33
1.16
1.17

1.33
1.21
1.20

1.52
1.36
1.29

1.60
1.42
1.34

1.56
1.29
1.19
1.15

1.79
1.36
1.22
1.20

1.58
1.43
1.25
1.21

1.93
1.47
1.30
1.26

1.34
1.28
1.14
1.14

1.33
1.27
1.19
1.23

1.39
1.35
1.21
1.28

1.60
1.33
1.26
1.31

1.62
1.28
1.17
1.15

1.44
1.30
1.20
1.21

1.42
1.38
1.24
1.24

1.65
1.39
1.29
1.28

Commerce City/Brighton
1.30
1.12
1.13
1.13
1.21

1.31
1.14
1.21
1.19
1.24

1.49
1.30
1.34
1.27
1.39

1.55
1.38
1.39
1.34
1.45

1.56
1.26
1.19
1.16
1.15
1.21

1.58
1.33
1.18
1.20
1.18
1.25

1.46
1.38
1.24
1.22
1.17
1.29

1.79
1.44
1.24
1.27
1.21
1.34

1.36
1.27
1.13
1.13
1.24
1.20

1.18
1.29
1.16
1.20
1.21
1.23

1.17
1.35
1.22
1.21
1.39
1.28

1.23
1.35
1.26
1.23
1.44
1.30

1.55
1.27
1.15
1.14
1.17
1.21

1.23
1.31
1.16
1.20
1.18
1.24

1.22
1.37
1.23
1.22
1.26
1.29

1.32
1.40
1.26
1.26
1.31
1.33

499 below
500 to 749
750 to 999
1000 above
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)

2014
Building Type

1st

Building

2014

2nd

3rd

4th

Type

0.0

0.0

0.1

Up to 8

2nd

3rd

4th

11.9

5.7

6.6

10.5

0.0

0.0

0.1

13.8

7.5

9.5

13.1

51 - 99

9.4

12.5

12.5

11.3

51 - 99

19.2

14.2

15.2

13.2

100 - 199

6.6

7.6

8.6

12.4

100 - 199

10.1

12.6

13.7

17.9

Size (in units)

Size
Up to 8
9 - 50

1st

9 - 50

200 to 349

1.6

6.6

10.4

14.4

200 to 349

7.5

11.5

13.5

17.8

350 up

6.0

10.3

12.4

14.2

350 up

9.7

14.6

17.1

17.8

To 1959

10.3

16.7

14.0

17.0

To 1959

30.3

26.7

24.0

27.0

1960-69

11.5

11.0

13.9

12.0

1960-69

15.3

14.9

18.1

15.5

Age (year built)

Age

1970-79

5.9

6.6

5.7

13.9

1970-79

11.3

11.7

9.9

17.5

1980-89

-3.3

9.2

13.1

16.4

1980-89

-0.1

12.2

16.3

20.2

1990-99

4.1

13.0

23.0

22.5

1990-99

7.7

17.8

25.6

26.4

2000-04

3.8

7.7

7.2

10.3

2000-04

7.1

12.3

11.8

14.2

2005 up

13.3

-1.6

6.0

7.1

2005 up

25.3

4.8

9.5

10.2

1.9

4.1

9.0

5.8

Market Area
Aurora-North

19.5

-1.4

11.9

14.8

Northglenn/Thornton

3.7

9.3

9.7

9.4

Westminster

2.8

8.6

12.7

Average

4.2

8.6

11.0

Market Area
Aurora-North
Commerce City/Brighton

Commerce City/Brighton

5.6

5.1

11.2

6.8

40.5

7.7

15.4

18.8

Northglenn/Thornton

7.7

13.7

13.9

13.6

18.3

Westminster

6.9

13.1

16.3

21.6

14.0

Average

8.9

13.1

14.9

17.7

III-14

Average Rents for Adams County


(in dollars)

Efficency

1 Bed

2 Bed
1 Bath

2 Bed
2 Bath

3 Bed

Other

All

Market Area Totals


Aurora-North

643.33

726.29

850.00

Commerce City/Brighton

500.00

1022.99

1167.39

1375.80

1590.28

739.11

Northglenn/Thornton

870.12

1018.31

1087.82

1336.05

1463.57

1177.78

1156.80

Westminster

650.07

884.96

1040.73

1242.69

1578.31

1144.33

1027.68

Adams County Average

678.44

951.44

1064.45

1302.52

1518.36

1164.66

1096.11

Westminster

1411.00

1411.00

Adams County Average

1411.00

1411.00

1205.60

Buildings with up to 6 Units


Aurora-North
Commerce City/Brighton
Northglenn/Thornton

Buildings with 7 to 36 Units


Aurora-North

625.00

691.30

800.00

Commerce City/Brighton

500.00

867.82

990.50

775.00

900.00

Northglenn/Thornton

710.83
1199.00

1006.00

954.53

1000.00

845.83

Westminster

625.00

667.50

780.00

795.00

Adams County Average

550.00

749.61

861.15

1074.69

1004.80

741.88
824.95

1220.09

Buildings with 37 and Above Units


Aurora-North

645.00

Commerce City/Brighton

745.00

875.00

1030.99

1182.24

1382.66

1621.44

751.97

Northglenn/Thornton

870.12

1018.78

1088.50

1336.05

1464.57

1177.78

1157.32

Westminster

650.20

885.63

1043.11

1243.88

1578.31

1139.00

1028.90

Adams County Average

681.12

953.13

1066.84

1303.28

1521.30

1162.75

1098.21

Buildings with 5 Stories and Above


Aurora-North
Commerce City/Brighton
Northglenn/Thornton
Westminster

906.00

1110.00

Adams County Average

906.00

1110.00

III-15

978.86

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

930.53

1001.61

1150.26

1333.19

1530.88

1159.96

659.64

890.57

1019.39

1241.67

1507.40

1026.88

133.08

Patio or Balcony

817.00

990.52

1087.60

1303.83

1540.30

1131.29

608.74

719.34

886.91

1277.80

1301.98

833.22

298.06

Fireplace

790.52

1051.85

1220.85

1337.21

1621.18

1207.98

637.12

803.48

985.97

1087.72

1375.98

928.13

279.84

Nine-Foot Ceilings

819.62

1093.33

1261.91

1385.31

1636.34

1260.77

637.57

849.29

993.97

1142.01

1365.98

959.41

301.35

Swimming Pool

798.79

964.41

1083.93

1310.86

1550.02

1115.74

606.07

699.26

883.70

1053.24

1069.78

822.32

293.43

Spa or Sauna

885.77

1060.19

1196.42

1376.41

1645.92

1219.57

653.83

825.85

990.20

1139.57

1381.80

959.96

259.61

Exercise Room

818.19

990.28

1099.69

1351.36

1607.29

1144.10

610.68

822.01

1007.26

1065.15

1383.07

965.54

178.56

Sport Court

778.98

939.64

1054.12

1311.34

1506.12

1107.93

652.66

957.33

1067.53

1297.60

1527.54

1090.58

17.35

Microwave

912.06

1091.63

1281.58

1370.99

1617.40

1253.21

661.02

857.81

982.10

1208.93

1428.35

984.76

268.45

Washer/Dryer Hookups

897.05

1062.70

1275.81

1326.25

1594.92

1234.47

660.06

876.81

982.75

1259.10

1380.37

984.39

250.08

Garbage Disposal

681.07

955.41

1070.66

1303.39

1529.78

1099.53

520.00

875.19

949.53

1285.87

1356.64

1031.08

68.45

Dishwasher

776.98

991.86

1099.15

1306.87

1533.75

1136.29

621.23

755.11

910.03

1245.50

1343.10

866.73

269.56

Air Conditioning

680.65

951.52

1071.74

1303.39

1532.83

1097.35

500.00

949.33

939.96

1285.87

1327.58

1070.56

26.79

Ceiling Fan

674.73

955.07

1070.54

1329.46

1540.75

1101.79

722.53

942.59

1052.28

1235.45

1485.57

1083.19

18.60

Attached Garage

1152.43

1294.41

1437.99

1741.26

1326.74

678.44

925.06

1044.66

1270.38

1472.93

1062.48

264.26

Covered Parking

956.75

1095.44

1335.66

1547.38

1116.24

678.44

947.35

1050.41

1278.12

1504.25

1083.27

32.96

Clubhouse

818.19

988.22

1118.19

1364.26

1640.59

1152.83

610.68

862.44

970.94

1141.41

1261.86

970.88

181.95

Business Center

834.90

1036.85

1137.13

1363.55

1577.50

1192.28

625.43

837.12

997.73

1142.43

1396.18

960.12

232.17

Pets Allowed

686.46

964.47

1078.24

1313.50

1528.89

1109.30

601.04

801.58

826.34

1165.10

1347.25

923.87

185.44

Resident Pays Sewer/Water

817.28

1000.93

1104.57

1324.05

1572.68

1149.76

620.66

769.87

919.67

1114.11

1174.37

864.49

285.27

1186.35

1298.70

1422.15

1697.08

1314.05

678.44

926.21

1044.61

1279.67

1507.14

1070.73

243.32

Unit Security/Alarm System


Handicapped Access

667.83

996.02

1146.54

1339.61

1521.83

1147.59

734.46

889.23

1008.66

1215.10

1514.72

1026.44

121.15

Heat Included in Rent

625.27

727.48

936.77

1081.36

965.19

790.91

790.18

985.03

1083.56

1305.05

1535.21

1130.78

-339.87

III-16

Apartment Unit Absorption by Quarter and Year for Adams County

2011

2012

2013

2013

Units to Start Quarter/Year


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

First
36647
0
36647
5.6%
34595
2052
257
36666
0
36666
4.5%
35009
1657
0
36666
220
36886
5.2%
34986
1900
-22
36886
0
36886
4.7%
35141
1745
209

Second
36647
0
36647
5.2%
34741
1906
147
36666
0
36666
4.9%
34858
1808
-151
36886
0
36886
3.8%
35470
1416
484
36886
0
36886
4.5%
35210
1676
69

Third
36647
19
36666
5.2%
34748
1918
6
36666
0
36666
4.2%
35112
1554
254
36886
0
36886
5.7%
34790
2096
-680
36886
322
37208
3.9%
35758
1450
548

Fourth
36666
0
36666
5.3%
34723
1943
-25
36666
0
36666
4.5%
35008
1658
-103
36886
0
36886
5.3%
34932
1954
142
37208
0
37208
3.7%
35824
1384
67

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
2007 1st
2nd
3rd
4th
2008 1st
2nd
3rd
4th
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
2013 1st
2nd
3rd
4th

Units Added

36026
36026
36266
36266
36266
36266
36266
36608
36608
36608
36608
36647
36647
36647
36647
36647
36647
36647
36647
36666
36666
36666
36666
36666
36666
36886
36886
36886
36886
36886
36886
37208

III-17

0
240
0
0
0
0
342
0
0
0
39
0
0
0
0
0
0
0
19
0
0
0
0
0
220
0
0
0
0
0
322
0

Ending
Inventory
36026
36266
36266
36266
36266
36266
36608
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

Year-End
36647
19
36666
5.3%
34723
1943
0
36666
0
36666
4.5%
35008
1658
286
36666
220
36886
5.3%
34932
1954
-76
36886
322
37208
3.7%
35824
1384
893

Monthly Resident Turnover


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

2014
Building Type

1st

2nd

3rd

4th

0.0

0.0

0.0

Size
Up to 8
9 - 50

8.3

5.6

4.4

2.3

51-99

5.2

2.7

4.1

2.9

100 - 199

3.7

4.8

5.4

5.9

200 to 349

4.1

5.7

5.8

3.6

350 up

4.0

4.9

6.9

3.8

10.0

10.0

0.0

10.0

Age
To 1959
1960-69

5.5

6.1

4.9

4.1

1970-79

4.4

5.1

4.8

4.4

1980-89

4.4

4.2

6.3

3.9

1990-99

3.2

6.5

6.0

3.3

2000-04

4.1

5.1

7.3

3.6

2005 up

2.6

3.0

5.3

4.2

Market Area
Aurora-North

4.1

2.3

3.4

2.1

Commerce City/Brighton

2.1

3.8

4.4

4.0

Northglenn/Thornton

4.1

5.3

6.9

4.6

Westminster

4.2

5.2

5.1

3.3

County Average

4.0

5.1

6.1

3.9

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

3
3
1

0.0%
0.0%
0.0%

1
142
14

0.0%
4.2%
0.0%

33.3%

38

7.9%

10

10.0%

5
12
17
25
8
18
8
11
17
5
22
19
1

0.0%
1.3%
0.0%
3.0%
0.0%
0.0%
2.3%
1.3%
0.0%
2.6%
0.0%
1.2%
7.1%
3.9%
4.1%
4.0%
5.0%
3.8%
6.6%
3.2%
2.3%
4.3%
3.4%
1.1%

6
17
13
1

242
144
324
74

2.5%
11.8%
4.0%
1.4%

4
1
15

1
1

17
7

5.9%
14.3%

Two Bedroom
Two Bathroom

Percent Vacant

5
391
73
33
5
85
177
76
24
567
5
427
169
437
611
199
362
210
167
528
221
514
558
95

Two Bedroom
One Bathroom
Total

7
3

23
4
15
17

2
11
9
17
2
127
13
108
84
28
13
193
382
363
247
299

Percent Vacant

Total

2
2
2
2
7

267
9
120
82
112
76
36
68
138
68
116
100
173
30
140

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
6.5%
3.6%
0.0%
0.0%
0.0%
6.0%
1.1%
6.1%
5.7%
7.1%
11.1%
1.7%
6.1%
7.1%
3.9%
0.0%
2.9%
1.4%
2.9%
0.0%
2.0%
4.0%
0.0%
0.0%

6
2

9
10
4
7
11

245

6.1%

231

6723

3.4%

122

3433

3.6%

Other

Percent Vacant

Total

Total
Percent Vacant

Total

0.0%

2
9
5
6
65
5
92
3
1

0.0%
0.0%
0.0%
0.0%
9.2%
0.0%
2.2%
0.0%
0.0%

86
176
4
296
224
58
93
160

7.0%
0.0%
0.0%
3.0%
4.5%
6.9%
7.5%
6.9%

10
9

139
308

7.2%
2.9%

5
18
13

48
520
448

10.4%
3.5%
2.9%

10
18
14
3
1
3

15

Total

5
6
1

6
19
1
2
5
8
3

Three Bedroom

Percent Vacant

159

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

III-19

216
276
358
144
72
76

3891

4.6%
6.5%
3.9%
2.1%
1.4%
3.9%

4.1%

25.0%

24

4.2%

2
2
33
2
13

0.0%
0.0%
18.2%
0.0%
7.7%

1
2

1
30
1
47
36

0.0%
0.0%
100.0%
4.3%
0.0%

12

78

15.4%

1
1

28
23

3.6%
4.3%

7
1
3
15
8
8
19
17
27
33
23
23
28
29
24
24
30
28
12
17
29
16
15
11
7
25
13
2
11
18
14
3
1
3
1
4
1

Percent

3
3
1
5
392
215
49
16
95
203
78
191
589
128
517
266
455
896
625
733
459
468
647
666
540
974
479
170
440
393
393
398
412
116
148
693
479
217
301
276
358
144
72
97
68
140
64

0.0%
0.0%
0.0%
0.0%
1.3%
2.8%
2.0%
0.0%
0.0%
3.4%
1.3%
1.6%
2.5%
6.3%
1.5%
7.1%
3.7%
3.0%
5.3%
3.1%
5.0%
6.0%
4.5%
3.6%
4.4%
3.1%
5.8%
7.1%
3.9%
7.4%
4.1%
3.8%
2.7%
0.0%
4.7%
3.6%
2.7%
0.9%
3.7%
6.5%
3.9%
2.1%
1.4%
3.1%
1.5%
2.9%
1.6%

2
1

1
76
85

0.0%
2.6%
1.2%

1
4
1

21
68
140
64

0.0%
1.5%
2.9%
1.6%

82
24

2.4%
0.0%

82
24

2.4%
0.0%

124

4.0%

124

4.0%

28

880

3.2%

569

15302

3.7%

14

130

0.0%

10.8%

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

Vacant

Efficiencies

One Bedroom

Total

Total

1
11

12

Percent Vacant

0.0%
0.0%

0.0%

Two Bedroom
Two Bathroom

Percent Vacant

Total

Percent Vacant

Total

Three Bedroom

Percent Vacant

Total

Percent Vacant

Other
Total

Total
Percent Vacant

Total

Percent

1
15

0.0%
6.7%

0.0%

19

0.0%

0.0%

43

0.0%

25.0%

19
43

66

Two Bedroom
One Bathroom

1.5%

0.0%

0.0%

12

0.0%

12

0.0%

18

0.0%

96

1.0%

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

III-20

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

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Percent Vacant

Total

Percent Vacant

Total

Three Bedroom

Percent Vacant

Total

Total

Total
Percent Vacant

Total

0.0%

10

16
128

0.0%
7.8%

12

8.3%

72

4.2%

37

114

3.5%

18

347

5.2%

40
36

7.5%
0.0%

30

0.0%

155

33.3%

11.1%

0.0%

0.0%

11

16
131

0.0%
8.4%

37
12

0.0%
8.3%

9
72
82

11.1%
4.2%
2.4%

163
36

4.3%
0.0%

31

0.0%

11.1%

82

2.4%

1
3
2

0.0%

0.0%

0.0%

2
4

0.0%

0.0%

2.6%

0.0%

11.1%

Percent

0.0%

Other

Percent Vacant

78

6.4%

78

6.4%

72

1.4%

72

1.4%

36

0.0%

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

III-21

241

3.3%

36

0.0%

30

3.3%

30

3.3%

79

3.8%

33

825

4.0%

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

Efficiencies

One Bedroom

Total

Total

Vacant

Percent Vacant

5
7

0.0%

33.3%

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Percent Vacant

Total

Percent Vacant

Total

25

8.0%

10

6
201

0.0%
5.0%

2
11
9
4

0.0%
0.0%
0.0%
0.0%

5.9%
14.3%

48

12.5%

188

0.5%

15
5
3

243
272
100

6.2%
1.8%
3.0%

0.0%

14

199
168

7.0%
0.0%

8
8
10
3
14
16
1

210
67
296
108
346
486
95

3.8%
11.9%
3.4%
2.8%
4.0%
3.3%
1.1%

10

142

7.0%

2
17
2

128
144
144

1.6%
11.8%
1.4%

18

235

7.7%
7

3
8

36
112
36

8.3%
7.1%
0.0%

2
2
2

68
78
68
116

2.9%
2.6%
2.9%
0.0%

48

8.3%

60

34

14.7%

117

3071

Total

Total
Percent Vacant

61
2
192

84

10.0%

0.0%
0.0%
3.6%

0.0%

32

18.8%

13

7.7%

8.3%

10
2

139
96

7.2%
2.1%

18
13

520
448

3.5%
2.9%

10
2
8

216
84
172

4.6%
2.4%
4.7%

76

3.9%

Total

3.8%

69

1385

5.0%

86

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

III-22

2150

4.0%

30

0.0%

46
1

4.3%
0.0%

28

14.3%

1
1

28
23

3.6%
4.3%

Percent

5
8

0.0%
0.0%

2
11
9
38

0.0%
0.0%
0.0%
13.2%

10
6
1
6
15
5
18
1
8
18
16
21
15
23
8
8
10
18
4
14
4

6
201
48
188
60
248
272
316
175
211
209
328
404
361
678
159
112
276
197
212
263
165
116

0.0%
5.0%
12.5%
0.5%
10.0%
6.0%
1.8%
5.7%
0.6%
3.8%
8.6%
4.9%
5.2%
4.2%
3.4%
5.0%
7.1%
3.6%
9.1%
1.9%
5.3%
2.4%
0.0%

568
448
76
292
84
172

3.9%
2.9%
2.6%
3.4%
2.4%
4.7%

76
76

2.6%
0.0%

22
13
2
10
2
8

21
32

0.0%
3.1%

3
1

97
32

3.1%
3.1%

40

2.5%

40

2.5%

52
24

1.9%
0.0%

52
24

1.9%
0.0%

24

8.3%

24

8.3%

16

468

3.4%

299

7187

4.2%

Other

Percent Vacant

17
7

Total

0.0%
0.0%

1
1

Three Bedroom

Percent Vacant

79

7.6%

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

Efficiencies

One Bedroom

Total

Total

Vacant

Percent Vacant

3
1

0.0%
0.0%

141
3

4.3%
0.0%

5
6

38

7.9%

10

10.0%
4
2
2
20
5
17

1.3%
0.0%
0.0%
0.0%
0.0%
1.3%
3.0%
0.0%
1.4%
0.0%
1.8%
4.9%
1.0%
5.9%
5.1%
4.9%

3
7
2
8

100
232
113
168

3.0%
3.0%
1.8%
4.8%

11
1

180
74

Two Bedroom
Two Bathroom

Percent Vacant

384
68
29
5
66
152
33
18
366
5
223
41
194
339
99
350

2
1

Two Bedroom
One Bathroom
Total

196

5.1%

95

3239

1
3

9
4
15
7

10
2
127
7
60
84
16
8
193
146
195
247
157

0.0%
0.0%
0.0%
0.0%
1.7%
3.6%
0.0%
0.0%
0.0%
6.2%
2.1%
6.1%
4.5%

Three Bedroom

Percent Vacant

Total

Other

Percent Vacant

Total

Total
Percent Vacant

Total

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
2.2%
0.0%
0.0%

2
8
4

86
115
2
104
142
58

7.0%
0.0%
0.0%
1.9%
5.6%
6.9%

11

160

6.9%

32

3.1%

2
2

120
46

1.7%
4.3%

49

0.0%

100
125

2.0%
2.4%

140

0.0%

1875

212

3.3%

48

10.4%

16
1
3

192
108
144

8.3%
0.9%
2.1%

0.0%

24

4.2%

1
2
1
2

0.0%
0.0%
0.0%
0.0%

1
60

0.0%

1
1
35

100.0%
0.0%
0.0%

50

2.6%

65

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

III-23

1500

4.3%

16.0%

Percent

3
1

0.0%
0.0%

11
12
1
7

384
209
32
5
67
162
35
185
382
80
313
63
207
624
272
546
248
259
319
262
170
224
238
58
1
160
181
135
247

1.3%
2.9%
0.0%
0.0%
0.0%
1.2%
2.9%
1.6%
1.3%
2.5%
2.2%
3.2%
1.0%
3.5%
5.5%
3.8%
6.0%
3.9%
4.1%
1.1%
4.7%
1.8%
7.6%
6.9%
0.0%
6.9%
6.6%
0.7%
2.8%

7
3

148
125

4.7%
2.4%

0.0%

2
9
5
6
5
5
92
3
1

6.1%
1.4%

2.9%

Total

5
6

2
3

10

Percent Vacant

2
1
3
5
2
7
2
2
22
15
21
15
10
13
3
8
4
18
4

0.0%

141

0.0%

16
1
3

192
108
144

8.3%
0.9%
2.1%

140
24

2.9%
0.0%

140
24

2.9%
0.0%

100

3.0%

100

3.0%

333

2.7%

236

7194

3.3%

51

15.7%

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
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

Rent (in dollars)

Percent Vacant

Vacancy Rate by Quarter


for Arapahoe County

14

12

10

Quarter

Average Rent by Quarter


for Arapahoe County

1200.00

1100.00

1000.00

900.00

800.00

700.00

Vacancy Rate by Market Area by Quarter


for Arapahoe County
10
14 Q1

14 Q2

14 Q3
14 Q4

Percent Vacant

7
6
5
4
3
2
1
0

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

Rent (in dollars)

2500

Efficiency

1 Bed

2 Bed, 1 Bath

2 Bed, 2 Bath

3 Bed

All

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
9
14 Q1

8
7

14 Q2
14 Q3

Percent Vacant

14 Q4

6
5
4
3
2
1
0
To 1939

1940-49

1950-59

1960-69

1970-79

1980-89

1990-99

2000-04

2005 up

Year Built

Vacancy Rate by Size of Building


for Arapahoe County
6
14 Q1
14 Q2

5
14 Q3

Percent Vacant

14 Q4

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

Rent per Square Foot (in dollars)

2
1.8
1.6

14 Q1

14 Q2

14 Q3

14 Q4

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 Arapahoe County
2

Rent per Square Foot (in dollars)

1.8

14 Q1

14 Q2

14 Q3

14 Q4

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)

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

00000

0000

558

293

166

36
0

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

Number of Apartment Units

Number of Apartment Units

Estimate of Total Apartments by Year


for Arapahoe County

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

174

306

86 55 66
0

Vacancy Rates by Market Area by Apartment Type


for Arapahoe County
35
Efficiency
One bedroom
Two bed, one bath
Two bed, two bath
Three bedroom
All

30

Percent Vacant

25
20
15
10
5
0

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
7
6

14 Q1

14 Q2

14 Q3

14 Q4

Percent Vacant

5
4
3
2
1
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
1800
14 Q1

1600

Rent (in dollars)

1400

14 Q2
14 Q3
14 Q4

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
1600.00
$1,395.00

1400.00

Rent (in dollars)

1200.00

$1,090.47

1000.00
800.00

$707.00

$778.18

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
2005
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

2006

2007

2008

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

8.1
1.5
10.4
8.0
-13.7
6.4
7.9
-9.3
8.6
9.2
-5.2
9.5
8.2
-1.4
9.1
11.4
2.4
11.0
8.6
-10.4
10.1
10.2
1.6
8.8
8.0
-4.0
10.1
8.7
0.1
8.5
8.9
-4.4
9.5

7.3
-3.2
9.6
4.8
-1.6
6.0
10.0
0.5
8.7
7.4
-1.8
9.1
7.6
-2.8
8.4
8.3
-0.9
10.7
6.8
-4.3
9.0
7.2
-1.7
8.4
9.1
-3.3
9.3
6.1
-1.0
8.2
7.4
-2.4
8.9

6.6
-5.4
8.2
4.2
-0.9
5.8
8.9
1.5
9.1
6.0
-4.2
8.0
5.8
-3.6
7.5
8.3
-3.0
10.0
6.9
-3.1
8.2
6.0
-0.7
8.2
9.5
1.2
9.6
6.7
-1.4
7.9
6.8
-2.4
8.3

7.5
-3.5
7.4
5.6
-0.5
5.7
9.2
-0.3
9.0
8.6
-1.0
7.8
7.3
-1.1
7.2
8.6
-3.3
9.2
7.1
-3.6
7.4
7.5
-2.1
7.7
7.1
-4.7
8.4
7.1
-3.1
7.1
7.4
-2.7
7.6

7.0
-1.1
7.1
5.6
-2.4
5.1
11.2
3.3
9.8
8.0
-1.2
7.5
6.7
-1.5
6.9
8.8
-2.6
8.5
6.8
-1.8
6.9
6.7
-3.5
6.8
6.4
-1.7
8.0
5.5
-3.2
6.3
7.0
-1.9
7.1

5.9
-1.4
6.8
5.4
0.6
5.2
11.8
1.7
10.2
6.8
-0.6
7.4
7.4
-0.1
6.8
7.5
-0.8
8.3
5.7
-1.1
6.6
6.5
-0.7
6.7
9.0
0.0
8.0
5.5
-0.5
6.2
6.8
-0.5
7.0

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 4.8
-2.7 -1.6
4.9 4.5
4.4 5.3
0.5 -2.3
5.4 4.8
8.9 7.1
-3.6 -2.4
9.4 8.8
4.8 7.0
-9.8 0.0
6.3 6.3
4.2 4.2
-2.3 -2.7
5.7 5.0
5.3 5.8
-2.8 -4.6
9.1 7.9
5.1 6.8
0.9 1.2
6.4 6.7
5.5 5.4
0.4 -1.2
6.4 6.1
6.3 7.6
-1.2 -0.7
7.3 7.2
4.4 5.5
-0.5 -0.3
5.1 5.1
5.0 6.0
-1.7 -1.4
6.6 6.2

1st

2nd

3rd

2009
4th

1st

2nd

2010

3rd

4th

1st

4.8 3.0 4.4 5.5 6.4 4.3 5.3 3.9


-0.8 -0.9 0.5 0.7 1.7 1.3 0.9 -1.6
4.3 4.1 4.2 4.4 4.8 5.2 5.4 5.0
11.2 5.7 6.3 9.0 15.7 10.5 6.9 7.8
6.9 0.6 1.9 3.7 4.5 4.8 0.5 -1.2
6.5 6.7 7.1 8.1 9.2 10.4 10.5 10.2
7.0 5.3 13.0 11.9 11.9 13.5 12.4 15.1
-1.4 -5.4 4.1 4.8 4.9 8.2 -0.6 3.2
8.4 7.1 8.1 9.3 10.5 12.6 12.4 13.2
7.3 6.2 8.1 10.3 13.9 12.8 9.5 9.8
0.1 0.1 3.3 3.3 6.6 6.5 1.5 -0.6
6.3 6.3 7.2 8.0 9.6 11.3 11.6 11.5
5.2 7.8 10.0 10.0 14.3 14.1 7.0 7.3
-1.8 3.0 5.8 5.8 9.1 6.3 -2.9 -2.7
4.6 5.3 6.8 8.2 10.5 12.1 11.4 10.7
5.9 5.6 7.4 8.4 6.6 8.6 9.3 7.8
-7.6 -1.4 2.0 2.6 0.6 3.0 1.9 -0.7
6.0 5.7 6.2 6.8 7.0 7.8 8.2 8.1
5.2 6.5 5.7 7.0 7.9 12.4 7.8 8.9
-2.5 -0.6 0.6 0.3 2.7 5.9 2.1 1.9
6.0 5.9 6.0 6.1 6.8 8.3 8.8 9.2
5.1 4.4 5.1 7.4 7.4 8.4 13.7 9.3
-1.9 -2.1 -0.4 2.1 2.4 4.0 8.6 1.8
5.6 5.1 5.0 5.5 6.1 7.1 9.3 9.7
9.0 7.3 7.5 8.5 8.9 10.0 9.7 9.6
0.8 0.7 1.2 0.9 -0.1 2.7 2.1 1.0
7.4 7.6 7.9 8.1 8.1 8.8 9.3 9.5
5.7 5.0 4.4 7.3 5.2 6.6 5.0 10.9
0.2 0.2 0.0 1.8 -0.6 1.7 0.7 3.6
5.1 5.2 5.1 5.6 5.4 5.9 6.0 6.9
6.5 5.9 6.9 8.3 9.7 10.7 8.5 8.6
-1.4 -0.2 1.9 2.3 3.3 4.7 1.6 0.3
5.9 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

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

IV-8

2nd

2011
3rd

2012

2013

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

3.0 2.4 3.4


-1.4 -2.9 -0.5
3.8 3.1 2.9
4.9 3.9 4.8
-5.6 -3.0 -3.0
6.4 5.6 4.9
8.9 5.7 6.2
-4.5 -6.6 -8.9
10.9 9.2 7.0
5.8 4.7 5.1
-7.0 -4.8 -4.7
8.1 6.9 5.8
5.5 4.9 5.3
-8.7 -2.1 -2.0
6.3 5.8 5.3
8.7 12.2 10.2
0.0 2.9 2.5
8.7 9.4 10.0
8.1 8.4 8.2
-4.3 0.7 -0.8
8.3 8.5 8.3
5.6 5.6 5.2
-2.9 -8.2 -4.1
9.0 7.0 6.0
6.6 6.1 6.2
-3.4 -3.5 -3.3
8.5 7.6 6.8
3.2 3.5 3.8
-3.4 -1.6 -7.0
6.2 5.8 4.1
6.4 6.7 6.6
-4.2 -1.8 -2.0
7.7 7.2 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

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

2nd

2014
3rd

4th

1st

2nd

3rd

4th

2.6 3.7 3.4


-0.5 0.5 0.2
3.1 3.2 3.3
3.9 4.3 5.9
-0.2 0.7 1.1
4.1 4.3 4.6
4.1 3.0 3.0
-1.9 -0.8 -0.8
3.5 3.3 3.1
4.7 6.4 5.6
-0.9 1.2 -0.5
5.3 5.6 5.5
3.0 3.4 3.3
-1.6 -1.2 -1.6
4.1 3.8 3.4
3.4 3.6 4.1
-4.5 -2.6 -3.5
5.2 4.6 3.7
6.2 6.3 7.3
0.1 1.6 2.8
4.9 5.3 6.0
5.6 3.8 4.6
0.8 0.0 0.3
4.5 4.5 4.6
7.6 7.3 7.1
1.2 0.4 3.6
5.8 5.9 6.8
2.4 3.2 3.8
-1.5 -1.5 -1.8
4.0 3.7 3.2
4.5 4.8 5.2
-1.0 0.0 0.1
4.6 4.6 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

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

2014
1st

2nd

0.0
3.6
2.6
4.2

4.6
7.3

1.7
2.4
4.6

12.5
5.3
5.7

2014
3rd

4th

0.0

0.0

0.8
3.0
6.0

2.1
5.6
4.6

19.0
9.7
3.8

5.8
2.8
3.6

4.6
4.0
3.2

0.0
3.3
6.0
5.5
0.0
1.6

9.1
1.0
3.4
4.2
1.8
2.7
5.6
4.1

5.0
2.5
3.5

4.4
3.7
4.8

7.1
1.5
3.5
0.0

2.6
5.4
3.8

4.7
2.5
3.3

4.7
3.2
4.7

2.9
1.0
2.6
0.0
4.7
2.2
2.2
4.9
11.9

Arapahoe Co-South

1st

2nd

3rd

4th

499 below
500 to 749
750 to 999
1000 above

2.5
2.6
3.7

1.5
3.1
2.8

1.0
3.6
3.6

2.5
4.1
5.9

Arapahoe CoSoutheast

499 below
500 to 749
750 to 999
1000 above

4.9
4.5
6.0

5.0
3.9
7.5

9.0
10.6
8.6

5.7
3.8
6.3

Aurora-Central
Northeast

499 below
500 to 749
750 to 999
1000 above

0.0
3.1
3.5
2.4

0.8
3.7
6.1
100.0

0.0
4.7
3.5
0.0

2.4
2.8
2.1
0.0

Aurora-Central
Northwest

499 below
500 to 749
750 to 999
1000 above

3.0
5.5
5.0
3.9

5.7
4.0
3.8
4.0

0.0
4.3
3.8
4.1

45.3
7.3
4.7
5.3

Aurora-Central
Southeast

499 below
500 to 749
750 to 999
1000 above

0.0
3.4
3.9
3.3

3.2
3.6
3.4

3.3
3.2
3.5

3.8
3.8
3.9

Aurora- Central
Southwest

499 below
500 to 749
750 to 999
1000 above

2.1
4.0
3.4
3.8

2.0
4.9
3.9
3.8

6.1
3.5
4.2
4.7

4.4
3.5
3.3
8.2

Aurora-South

499 below
500 to 749
750 to 999
1000 above

2.1
5.6
5.5
5.8

5.2
5.6
6.2
6.2

6.0
6.4
3.3
4.3

0.0
4.8
3.9
5.2

Englewood/Sheridan

499 below
500 to 749
750 to 999
1000 above

0.0
3.7
3.8
4.4

0.0
4.6
4.2
4.3

0.0
2.9
3.4
4.7

4.0
4.9
3.1
3.2

Glendale

499 below
500 to 749
750 to 999
1000 above

4.4
7.2
6.3
6.7

3.5
7.1
5.9
2.9

3.1
6.7
3.6
3.0

6.1
4.9
7.5
12.0

Littleton

499 below
500 to 749
750 to 999
1000 above

2.2
1.7
4.4
4.4

4.1
1.9
3.6
4.4

0.0
6.1
7.1
5.8

2.7
3.0
4.7
4.3

Arapahoe County

499 below
500 to 749
750 to 999
1000 above

2.4
4.6
4.3
4.7

3.9
4.7
4.5
4.8

2.8
4.8
4.3
4.8

19.0
4.4
3.9
5.5

5.1
3.3
3.9

3.0
4.0
4.4

4.6
1.1
6.3
6.1

1.5
1.1
3.8
4.9

4.6
2.7
3.4
4.8

4.2
3.0
5.2

0.9
1.2
3.5
5.7
4.2

2.1
1.8
0.7
4.7
3.9

3.3
1.1
2.8
6.5
1.3

5.9
6.1
5.8
4.3
13.0
2.4
0.0

3.8
9.9
4.3
3.0
11.6
0.0
1.1

1.4
3.0
4.5
1.8
3.1
2.8
4.6
4.0
4.8

1.4
2.6
4.7
0.0
2.1
5.2
4.4
4.2
5.1

7.0
4.3
1.6
10.5
2.9
3.2
4.1
3.7
8.2
5.0
2.9
2.3
4.6
4.2
4.8
4.6

Square Feet in Unit

7.7
4.9
6.4
0.0

5.3
2.8
2.8
0.0
3.3
0.0
3.3
5.3
4.8
0.0

County

7.0
3.0
6.9
10.2
0.0
3.7
1.0
3.8
4.1
0.0
3.3
4.4
3.2
4.5
5.6

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)
2014

County
4th

Apartment Type
Arapahoe Co-South

3rd

0.0
2.8
1.8
3.5

0.7
2.1
2.6
3.9

0.0
3.2
3.3
5.8

5.0

1.0

4.0

4.5

4.7
6.3
3.8

8.1
4.1
1.7

6.2
4.2
30.5

5.7
4.7
5.3
0.0

2.0
5.5
2.4

3.8
9.1

3.5
6.7
2.9

2.8
1.8
1.0

1.0
5.8
5.8
4.2
2.4
0.0
5.3

0.0
4.2
4.4
4.8
3.2
3.6
4.7

0.0
5.5
23.0
3.4
5.4
4.6
1.3

4.0

3.8
4.4
4.0

3.0
2.9
3.5

3.4
1.2
2.0

3.4
3.8
1.0

4.2
3.4
2.9
2.3
7.0

4.6
4.4
3.6
3.7
4.6

4.9
2.6
11.9

5.3
2.9
9.2

1.2

5.2

12.3
2.3
6.5
2.9
11.6
0.0
3.9
3.4
3.3

8.1
4.1
8.6
2.5
16.3

9.3
3.8
6.7
3.3
1.7

9.7
2.8
5.6
1.7
6.6

1.3
2.0
5.8

0.0
1.9
5.4

5.8
2.5
5.2

7.8
1.9

6.2
2.5

4.6
1.3

1.1
1.6

3.5
8.8
7.0
6.5

5.0
8.1
4.3
1.2
1.7

3.1
6.9
7.8
0.6

6.5
7.2
2.6
6.0

2.0
1.5
2.4
5.5

0.0
2.3
2.4
6.5

4.5
0.6
8.5
5.3

2.5
1.8
4.5
4.2

2.9
2.7
4.6
5.5
3.5
4.6
4.4
5.5

2.3
2.7
4.6
5.5
4.1
5.4
3.1
5.5

4.0
2.0
3.1
4.9
4.1
5.2
3.7
6.0

3.4
0.9
5.4
8.4
3.4
5.6
3.0
5.0

IV-10

Aurora-Central
Northeast
Aurora- Central
Southwest

3.5

Aurora-South

3.7

Englewood/
Sheridan

0.0
3.6

Glendale

3.1
0.0
6.8
4.6
5.7
3.7
4.4
2.5

Arapahoe CoSoutheast

2.2
0.3
5.1
2.9

Aurora-Central
Northwest

2nd

Aurora-Central
Southeast

1st

Littleton

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

Arapahoe County

Arapahoe County

Littleton

Glendale

Englewood/
Sheridan

Aurora-South

Aurora- Central
Southwest

Aurora-Central
Southeast

Aurora-Central
Northwest

Aurora-Central
Northeast

Arapahoe CoSoutheast

Arapahoe Co-South

County

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

2014
1st

2nd

3rd

4th

3.6
2.7
6.0
2.9
4.9
1.1
3.1
6.3
4.5
6.3
5.9
6.8
0.0
5.3
0.0
3.2
2.7
4.3
1.0

0.0
2.6
2.7
2.8
3.4
3.2
2.7
0.0
3.6
6.5
8.2
4.2
0.0
5.8
0.0
4.3
4.6
5.7
2.0

0.0
3.4
2.0
3.4
3.2
0.0
3.1
31.3
9.2
5.6
9.8
4.0
100.0
9.4
0.0
4.9
2.2
4.4
0.0

1.8
3.5
4.0
5.5
8.2
5.3
4.7
6.3
3.7
6.8
6.8
3.5
100.0
5.2
2.4
2.5
2.7
1.6
0.0

3.2
0.0
5.1
4.1
4.2
3.5
0.0
4.5
0.0
3.5
4.9
3.1
2.6
7.1
3.5
2.3
3.9
3.6
3.7
1.9
0.0
3.7
5.4
5.7
5.9
5.1
7.0
3.9
5.5
0.0
3.3
3.8
5.2
2.2

4.4
8.7
4.2
3.6
4.0
4.1
0.0
4.1

3.7
2.9
3.7
5.1
4.3
3.6
4.0

2.4
2.6
10.4
15.3
4.7
7.8
3.3
8.5

2.9
4.1
4.1
1.1
3.6
3.4
2.0
4.7
3.2
4.1
1.1

3.1
3.8
3.6
1.6
0.0
3.3
6.1
4.5
3.0
3.3
8.5

3.7
4.5
3.6
5.1
3.6
3.8
4.4
3.6
4.1
4.7
4.3

4.2
4.0
6.0
6.6
5.8
6.8
6.9
6.0
0.0
4.0
1.4
6.6
7.7

4.0
5.2
4.9
4.3
4.3
4.2
2.0
4.6
0.0
2.7
3.4
5.7
3.8

4.0
0.0
4.3
4.8
4.6
7.3
3.9
4.5
0.0
3.1
3.9
4.1
4.8

3.9
3.8
6.8
7.5
6.4
5.4
6.7
6.7
0.0
2.8
1.6
4.9
7.8
0.0
3.5
3.2
4.5
4.7
4.4
4.4
2.8
4.5

4.3
3.5
6.8
6.8
2.6
0.0

3.6
3.0
5.8
5.5
2.2
1.9

3.5
6.6
5.1
8.2
8.9
30.4

5.7
1.5
2.3
2.8
5.3
5.9

4.9
0.0
5.1
9.7
6.2
8.4
0.0
6.1
5.4
4.7
4.2
4.7
3.9
1.3
4.6

6.6
5.3
2.9
5.5
4.3
5.9

3.3
3.1
4.5
4.5
5.0
4.2
4.3
4.6

3.8
3.2
4.7
5.6
4.8
6.8
4.7
4.9

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)
2014

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

2014

1st

2nd

3rd

4th

1063.93
1099.59
1115.95
1331.13
1679.87
1245.52

1038.93
1117.12
1208.51
1564.22
1420.55
1333.53

1060.35
1106.81
1300.28
1463.03
1681.11
1336.81

1157.36
1173.95
1243.44
1488.73
1700.35
1347.39

County
Arapahoe Co-South

Arapahoe Co-Southeast
1115.00
1170.22
1344.10
1495.01
1772.72
1337.31

1020.00
1187.45
1428.20
1537.07
1797.97
1377.53

1131.67
1233.96
1452.48
1548.24
1688.14
1398.62

1095.00
1179.20
1449.37
1484.50
1697.58
1350.70

547.84
773.47
895.03
1114.46
1383.82
899.92

572.62
765.61
895.95
1152.85
1295.00
864.86

572.62
724.92
866.41
1128.59
1312.50
851.77

687.99
786.12
857.69
1152.37
2855.00
865.70

Aurora-Central Northeast

Aurora-Central Northwest
687.09
881.62
945.10
1203.12
1407.78
1033.68

694.20
908.64
973.12
1236.99
1287.46
1049.21

802.00
988.99
1155.80
1299.66
1345.93
1140.45

787.24
995.14
1123.30
1388.58
1530.93
1169.83

680.00
806.47
889.97
1039.82
1428.33
928.21

827.62
869.11
1062.45
1449.49
952.33

852.88
908.54
1116.42
1473.74
990.55

893.76
1055.24
1181.60
1624.24
1058.28

584.76
801.74
886.16
1065.32
1107.10
912.39

609.18
823.82
938.03
1139.89
1693.70
960.07

636.73
852.23
956.74
1179.44
1701.30
975.72

676.14
879.25
1001.66
1168.40
1719.17
993.19

Aurora-Central Southeast

Aurora- Central Southwest

Aurora-South
697.80
866.44
966.22
1154.88
1511.19
1013.81

605.92
919.53
983.97
1209.08
1582.65
1065.11

750.13
949.50
1064.74
1282.51
1673.62
1109.39

810.64
981.31
1087.57
1266.89
1687.15
1128.65

620.00
885.26
1038.16
1294.88
1549.22
1032.22

616.88
919.26
1126.84
1307.83
1634.62
1065.51

575.25
982.67
1116.70
1406.97
1522.58
1117.07

633.17
984.76
1118.78
1388.60
1666.98
1119.02

686.48
864.76
923.77
1271.61
1854.62
950.27

721.21
903.75
960.15
1515.92
2074.95
1044.84

764.78
913.56
1025.32
1275.87
1679.29
998.86

786.87
927.78
1013.26
1263.38
1384.61
997.33

709.33
1020.43
1091.04
1384.57
1759.82
1161.75

764.78
964.37
1101.40
1287.05
1573.06
1088.54

880.89
1084.15
1191.89
1407.28
2021.39
1241.51

750.20
1050.60
1091.70
1326.90
1771.47
1158.28

Englewood/Sheridan

Glendale

Littleton

Arapahoe County
702.83
891.19
954.51
1199.19
1452.84
1026.03

696.00
918.57
993.87
1265.02
1562.96
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

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

1st

2nd

3rd

4th

708.82
1076.22
1156.54
1318.83

685.29
1237.58
1272.01
1384.00

714.71
1188.84
1292.63
1423.25

735.29
1266.21
1306.43
1406.66

1627.79

1641.61

1755.38

1514.95

1394.51
1311.79
1265.27

1430.71
1266.65
1387.98

1462.22
1313.92
1391.53

1388.83
1274.29
1398.90
1486.95

765.40
992.22
950.96

827.52
1169.19

791.65
1196.18
967.31

791.01
1212.64
938.96

1195.04
834.91
847.49
697.03
908.08
1276.72
1050.61
1471.06

811.90
851.90
761.27
1052.88
1288.51
1243.33
1332.93

450.00
917.88
805.09
1104.97
1372.02
1069.53
1414.93

450.00
1061.74
874.06
1086.28
1432.20
1235.65
1622.13

756.53
834.54

848.28

868.07

962.76

1146.60
1081.62
753.55

1162.34
1180.15
775.97

1274.49
1149.26
768.15

1230.11
1180.15
796.58

700.25
891.11
1122.50
1241.37
1460.40

728.69
900.07
1205.18
1300.48
1463.30

745.25
983.75
1276.41

783.62
992.47
1177.52

1541.06

1541.54

778.18
922.04
1116.92
1128.12
1246.86
689.17
498.53
802.24
1087.63

808.64
979.75
1192.54
1186.24
1321.12

845.60
1012.51
1236.26
1186.41
1357.41

938.52
1016.56
1316.73
1202.37
1377.10

673.10
830.76
1165.21

741.09
836.41
1224.30

798.88
791.94
1177.31

1211.79
1135.19

1221.51
1175.76

1264.50
1440.06

1250.16
1352.26

822.91
852.53
784.33
1269.29

870.26
868.49
812.55
1466.44
2044.64

897.60
943.33
875.30
1480.79

911.66
964.42
901.87
1283.31

661.20
812.11
1048.64
1367.41

656.36
813.18
1125.09
1179.28

742.90
809.87
1271.07
1298.48

719.38
878.53
1113.00
1254.40

1317.70
778.10
806.54
777.77
921.06
1245.98
1184.68
1291.55

1313.65
787.70
832.42
816.87
975.89
1303.08
1253.16
1339.75

1334.58
766.55
871.51
858.82
1035.39
1352.23
1241.62
1388.66

1334.58
860.90
948.14
877.17
1035.74
1342.04
1233.66
1388.11

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

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)
2014

Number of Units
1st
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

851.67
1028.84
1322.27
1209.40

1295.96
1465.36

2014

2nd

1068.93
1471.31
1189.25

1218.29
1392.30
1364.31

3rd

4th

866.25

866.25

1106.08
1409.34
1285.95

1150.38
1430.70
1308.60

1143.21
1408.33
1443.86

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

1115.64
1369.42
1333.35

1486.95
808.91
1092.68
854.93

843.88
960.00
852.58

913.67
1110.33
1005.22
967.96
1000.96
1057.14

639.06
909.35
1019.64
971.62
1096.97

857.02
983.33
794.66

1000.63
938.96
789.47

450.00

450.00
1084.74
1390.00
1031.35
1062.58
1242.10

1017.64
1015.36
1228.99

1052.50

843.49
1020.53
873.96

749.01
915.24
944.26

1378.23
1096.00
1045.79
1001.18

855.53
1109.61
898.59

757.13
994.23
1000.87

903.44
1172.68
921.71

783.04
993.79
1039.71

936.49
1148.51
1030.09

846.88
997.77
1042.62

1359.00
1100.00
1106.93
1051.50

1570.00
1150.00
1145.28
1094.44

1407.40
1248.50
1162.59
1115.51

708.47
1038.18
1185.62

696.20
852.73
729.13
1100.72
1230.92

746.41
904.13
714.48
1198.11
1288.53

762.57
1057.39
735.13
1176.92
1260.38

768.14
885.38
942.30
1085.37
797.75

786.51
901.21
819.90
1315.97
818.25

672.80
822.12

685.18
708.90

827.69
1080.70
1336.77

811.76
1037.01
1234.87

689.17
638.05

958.06
870.38
1131.39
887.04

978.32
1013.06
1041.49
915.43

707.74
782.38
875.29
1413.81
1218.75
1322.82

663.57
775.97
942.53
1146.74
1254.34

714.67
685.18
700.37
649.33
748.48
720.31
757.28
836.42
999.18
928.84
994.04 1085.48
882.78
888.61
954.68
984.26
1089.26 1179.36 1196.29 1177.53
1015.629 1045.021 1097.446 1116.984

1st

2nd

3rd

4th

1044.67
1081.42
1113.00
1319.62
1592.50
1162.52

994.67
1114.89
1214.50
1477.50
1523.67
1328.08

994.33
1134.02
1238.00
1457.83
1781.31
1283.04

1181.33
1192.50
1282.35
1433.93
1636.36
1361.02

1113.00
1098.86
1314.57
1430.00
1718.40
1361.27

1013.00
1190.50
1369.43
1537.36
1884.73
1308.29

1119.00
1237.79
1462.59
1605.80
1712.00
1360.66

1088.00
1161.20
1379.20
1554.04
1696.00
1311.87

498.36
768.45
916.10
1044.51
1318.00
847.77

498.36
745.28
897.80
1232.28
1288.00
875.72

498.36
723.50
877.74
1067.94
1313.00
834.00

702.64
738.89
851.49
1047.53
2013.50
830.32

624.33
832.79
847.85
1373.47
1334.47
1024.27

667.00
861.60
895.33
1310.20
1169.89
1111.42

699.33
1036.15
1140.25
1284.57
1172.45
1180.01

697.33
910.00
1084.25
1293.37
1537.36
1165.26

688.00
786.53
837.91
944.94
1414.15
903.88

787.60
818.23
1054.81
1420.77
911.10

816.38
837.61
1029.81
1470.77
959.58

883.41
1081.68
1229.65
1647.00
998.56

598.67
771.78
866.92
1002.05
954.30
865.17

611.93
792.61
898.21
1088.00
1757.33
895.34

636.93
826.43
895.70
1118.95
1637.50
913.90

678.81
844.06
1007.23
1177.62
1637.50
957.03

655.33
856.05
970.60
1171.60
1544.55
981.77

523.44
937.73
1011.67
1218.48
1589.33
1027.56

674.56
941.66
1085.19
1249.51
1693.45
1088.93

772.78
952.18
1097.00
1247.59
1658.00
1097.00

613.00
924.79
1109.62
1407.92
1779.23
997.90

634.00
994.93
1074.88
1384.10
1600.00
1046.13

584.00
1016.07
1173.35
1488.46
1350.00
1099.96

625.00
1051.10
1152.18
1413.84
1905.62
1138.26

646.38
826.65
928.36
1217.63
1886.13
881.92

672.35
798.58
943.72
1578.40
1788.75
883.65

721.23
847.16
1016.88
1208.11
1855.50
919.93

744.00
893.70
1029.32
1172.39
1290.53
924.19

550.00
1077.95
1173.91
1442.28
1698.67
1183.35

574.52
1001.59
1146.17
1243.55
1727.33
1091.63

700.00
1115.76
1305.67
1365.70
2002.12
1253.29

726.75
1017.71
1142.17
1257.78
1773.67
1133.72

636.52
849.95
927.53
1191.28
1422.53
974.17

665.32
895.36
919.34
1240.82
1509.33
1017.00

716.43
935.69
1017.31
1283.86
1614.31
1082.34

756.89
943.45
1057.39
1260.63
1636.86
1089.86

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)
2014

County
Apartment Type

1st

2nd

2014

County
3rd

4th

Arapahoe Co-South
Efficiency
1.77
1.73
1.76
1.94
1 Bed
1.42
1.43
1.45
1.53
2 Bed, 1 Bath
1.28
1.39
1.49
1.43
2 Bed, 2 Bath
1.23
1.45
1.38
1.37
3 Bed
1.14
0.92
1.23
1.15
All
1.32
1.41
1.42
1.44
Arapahoe Co-Southeast
Efficiency
2.04
1.87
2.02
2.01
1 Bed
1.40
1.47
1.56
1.46
2 Bed, 1 Bath
1.32
1.39
1.40
1.41
2 Bed, 2 Bath
1.24
1.31
1.34
1.27
3 Bed
1.24
1.37
1.32
1.29
All
1.33
1.40
1.45
1.37
Aurora-Central Northeast
Efficiency
1.27
1.32
1.32
1.60
1 Bed
1.15
1.19
1.12
1.21
2 Bed, 1 Bath
1.09
1.11
1.05
1.05
2 Bed, 2 Bath
1.14
1.24
1.21
1.20
3 Bed
1.04
1.03
1.63
All
1.13
1.17
1.11
1.17
Aurora-Central Northwest
Efficiency
1.29
1.41
1.51
1.49
1 Bed
1.26
1.33
1.36
1.45
2 Bed, 1 Bath
1.18
1.22
1.26
1.32
2 Bed, 2 Bath
1.06
1.13
1.20
1.27
3 Bed
1.03
0.97
1.00
1.13
All
1.16
1.23
1.27
1.36
Aurora-Central Southeast
Efficiency
1.59
1 Bed
1.17
1.18
1.22
1.27
2 Bed, 1 Bath
1.02
1.00
1.04
1.21
2 Bed, 2 Bath
1.05
1.08
1.13
1.19
3 Bed
1.11
1.12
1.14
1.27
All
1.11
1.12
1.16
1.23
Aurora- Central Southwest
Efficiency
1.55
1.44
1.51
1.65
1 Bed
1.17
1.21
1.26
1.30
2 Bed, 1 Bath
1.03
1.10
1.12
1.15
2 Bed, 2 Bath
1.09
1.14
1.19
1.21
3 Bed
0.96
1.32
1.21
1.22
All
1.12
1.17
1.22
1.25
Aurora-South
Efficiency
1.55
1.37
1.69
1.86
1 Bed
1.25
1.31
1.33
1.39
2 Bed, 1 Bath
1.10
1.12
1.19
1.25
2 Bed, 2 Bath
1.11
1.15
1.19
1.21
3 Bed
1.22
1.27
1.34
1.35
All
1.19
1.23
1.28
1.31
Englewood/Sheridan
Efficiency
1.33
1.39
1.30
1.36
1 Bed
1.19
1.26
1.37
1.34
2 Bed, 1 Bath
1.14
1.22
1.20
1.21
2 Bed, 2 Bath
1.22
1.23
1.33
1.31
3 Bed
1.16
1.16
1.09
1.16
All
1.19
1.25
1.33
1.31
Glendale
Efficiency
1.44
1.51
1.64
1.68
1 Bed
1.32
1.34
1.41
1.44
2 Bed, 1 Bath
1.07
1.11
1.17
1.16
2 Bed, 2 Bath
1.31
1.31
1.26
1.31
3 Bed
1.46
1.39
1.32
1.03
All
1.28
1.29
1.35
1.38
Littleton
Efficiency
1.50
1.65
1.59
1.52
1 Bed
1.32
1.30
1.45
1.44
2 Bed, 1 Bath
1.28
1.29
1.38
1.25
2 Bed, 2 Bath
1.10
0.99
1.17
1.20
3 Bed
1.17
1.03
1.31
1.33
All
1.25
1.22
1.35
1.35
Arapahoe County
Efficiency
1.53
1.47
1.65
1.73
1 Bed
1.25
1.30
1.35
1.38
2 Bed, 1 Bath
1.10
1.15
1.18
1.21
2 Bed, 2 Bath
1.13
1.18
1.23
1.24
3 Bed
1.12
1.19
1.23
1.26
All
1.19
1.24
1.29
1.31
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

1st

2nd

3rd

4th

1.46
1.37
1.21

1.42
1.44
1.38

1.48
1.48
1.34

1.57
1.52
1.33

1.44
1.40
1.24

1.61
1.41
1.32

1.71
1.49
1.34

1.58
1.41
1.28

1.27
1.11
1.14
1.12

1.32
1.17
1.16
0.69

1.32
1.10
1.12
1.03

1.60
1.19
1.13
1.69

1.38
1.17
1.24
1.06

1.57
1.23
1.33
1.07

1.49
1.28
1.40
1.14

1.69
1.35
1.42
1.24

1.59
1.18
1.05
1.07

1.18
1.09
1.08

1.22
1.11
1.15

1.29
1.19
1.23

1.55
1.14
1.09
1.09

1.44
1.20
1.13
1.20

1.51
1.24
1.20
1.18

1.65
1.30
1.22
1.17

1.66
1.28
1.11
1.15

1.51
1.33
1.16
1.19

1.75
1.38
1.24
1.21

2.07
1.43
1.27
1.22

1.14
1.18
1.20
1.19

1.39
1.24
1.29
1.18

1.56
1.30
1.38
1.26

1.62
1.30
1.35
1.23

1.48
1.32
1.22
1.22

1.54
1.31
1.21
1.35

1.64
1.40
1.28
1.27

1.69
1.47
1.27
1.15

1.35
1.27
1.45
1.09

1.35
1.39
1.30
0.97

1.51
1.47
1.47
1.13

1.44
1.41
1.41
1.19

1.46
1.23
1.18
1.14

1.52
1.28
1.22
1.19

1.61
1.33
1.29
1.22

1.73
1.37
1.30
1.24

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)

2014
Building Type

Building

1st

2nd

3rd

4th

Up to 8

0.9

3.3

28.3

7.3

9 - 50

3.2

7.2

10.2

7.9

51 - 99

5.7

8.1

12.3

100 - 199

2.8

6.2

9.1

200 to 349

5.5

12.2

350 up

7.1

7.9

To 1959

-2.7

1960-69

Type

2014
1st

2nd

3rd

4th

Up to 8

2.7

3.3

31.2

7.3

9 - 50

6.4

9.3

12.5

11.2

22.1

51 - 99

8.6

13.3

16.9

26.5

11.6

100 - 199

7.4

10.5

13.3

14.7

11.4

7.1

200 to 349

9.9

9.4

350 up

-0.2

-2.0

10.1

-4.0

4.9

5.5

1970-79

2.8

7.3

1980-89

6.3

1990-00

Size (in units)

Size

9.5

16.3

16.2

11.7

11.9

13.0

14.5

14.9

To 1959

0.0

2.5

0.0

11.0

10.3

1960-69

0.7

9.5

8.6

15.7

9.0

10.1

1970-79

8.3

12.7

14.0

18.5

11.6

9.8

9.0

1980-89

9.8

15.7

13.9

12.4

7.0

8.2

10.1

5.3

1990-00

11.6

13.6

15.3

10.8

2000-04

9.5

12.4

10.8

10.8

2000-04

13.9

15.5

14.5

13.9

2005 up

1.8

8.4

16.8

10.6

2005 up

7.3

13.9

22.7

15.6

Market Area
Arapahoe Co-South

4.2

8.5

13.2

7.4

Market Area
Arapahoe Co-South

7.2

11.2

16.3

12.1

Arapahoe Co-Southeast

5.3

9.9

9.2

4.0

Arapahoe Co-Southeast

10.5

15.7

18.6

9.2

Aurora-Central Northeast

11.7

15.3

8.6

9.9

Aurora-Central Northeast

14.9

19.7

12.3

12.3

Age (year built)

Age

Aurora-Central Northwest

8.3

8.5

10.9

17.7

Aurora-Central Northwest

12.9

12.6

14.9

26.3

Aurora-Central Southeast

6.7

7.0

7.0

9.2

Aurora-Central Southeast

10.3

10.4

10.3

13.0

Aurora- Central Southwest

3.8

9.2

11.5

10.3

Aurora- Central Southwest

Aurora-South

9.2

12.5

11.3

9.6

Aurora-South

Englewood/Sheridan

3.9

7.5

10.7

6.5

Glendale

-1.4

5.5

8.1

Littleton

3.6

9.3

Average

6.0

9.4

7.5

13.4

15.5

14.3

14.7

18.5

15.8

14.1

Englewood/Sheridan

7.8

11.8

14.3

10.0

5.4

Glendale

5.3

11.2

13.0

12.0

7.1

10.6

Littleton

7.1

12.6

13.2

14.4

10.5

8.9

Average

10.4

14.1

15.1

13.7

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

1157.36
1095.00
687.99
787.24
676.14
810.64
633.17
786.87
750.20
802.01

1 Bed

1173.95
1179.20
786.12
995.14
893.76
879.25
981.31
984.76
927.78
1050.60
975.63

2 Bed
1 Bath

1243.44
1449.37
857.69
1123.30
1055.24
1001.66
1087.57
1118.78
1013.26
1091.70
1065.40

2 Bed
2 Bath

1488.73
1484.50
1152.37
1388.58
1181.60
1168.40
1266.89
1388.60
1263.38
1326.90
1305.64

3 Bed

1700.35
1697.58
2855.00
1530.93
1624.24
1719.17
1687.15
1666.98
1384.61
1771.47
1656.59

Other

1449.57
2134.00
1420.00
1792.14
1397.06

1465.39

450.00

614.58

635.00
806.43

748.75
864.07

1046.50

1185.67

710.83
869.98

803.33

929.17

866.25

1103.60

2855.00
1173.82

1486.95
1084.74

2102.00
883.00

725.29

815.00

614.58
805.31

738.03
977.03

793.68
1067.62

1050.00
1306.43

1157.36
1095.00
687.99
787.24
676.14
810.64
633.17
786.87
776.03
838.17

1173.95
1179.20
772.67
995.42
893.76
879.25
981.31
997.34
927.78
1070.84
977.03

1243.44
1449.37
852.59
1126.74
1055.24
1001.66
1087.57
1121.57
1013.26
1162.72
1068.52

1492.90
1484.50
1152.37
1392.60
1181.60
1168.40
1266.89
1388.60
1263.38
1330.30
1259.63

1104.00

1395.00

1900.00

867.90
600.00

1342.61

2102.00

1351.00
944.75

1074.00

902.87
875.00
573.33

IV-15

1347.39
1350.70
865.70
1169.83
1058.28
993.19
1128.65
1119.02
997.33
1158.28
1120.14

450.00

1342.61
844.00

687.50

All

1052.48
748.75

730.28
765.78
1121.92

1663.50

1465.39

1740.24
1697.58

1449.57
2134.00

1554.32
1624.24
1719.17
1687.15
1666.98
1384.61
1771.47
1796.23

1420.00
1792.14

1395.00

1349.83
1350.70
857.11
1170.73
1058.28
993.19
1128.65
1130.02
997.33
1182.47
1072.29

3100.00

1395.00

1514.95

1397.06

2855.00

1486.95

1700.00
1158.19

2083.00

1541.54
1035.36

1114.95
1005.00

1300.00

962.27
888.61
673.57

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

All

Efficiency

1 Bed

2 Bed
1 Bath

2 Bed
2 Bath

Difference
3 Bed

All

Outside Storage

923.96

1025.28

1147.23

1320.19

1671.24

1179.32

752.19

909.71

971.08

1275.14

1606.07

1029.42

149.90

Patio or Balcony

838.46

1002.76

1097.40

1307.64

1660.11

1148.35

689.87

774.39

880.53

1170.46

929.17

815.97

332.38

Fireplace

846.08

1002.00

1099.74

1304.68

1660.30

1147.84

718.82

896.36

959.70

1311.78

1641.52

1015.95

131.89

Nine-Foot Ceilings

893.83

1092.56

1158.21

1405.70

1710.59

1249.73

787.42

862.32

1003.84

1155.87

1527.26

979.81

269.92

Swimming Pool

810.88

982.99

1082.08

1306.60

1664.12

1128.44

680.05

781.91

843.53

1226.43

1361.52

877.19

251.25

Spa or Sauna

849.18

1056.88

1206.76

1384.14

1726.94

1212.91

722.97

863.27

964.31

1175.42

1533.02

992.19

220.72

Exercise Room

805.21

1012.50

1134.36

1326.96

1685.48

1164.19

793.42

819.74

939.99

1129.17

1314.40

919.96

244.23

Sport Court

803.27

956.19

1069.62

1298.26

1635.16

1108.88

801.36

986.47

1062.75

1310.02

1667.69

1126.57

-17.70

Microwave

881.44

1062.72

1200.74

1364.14

1713.42

1214.37

680.55

845.67

970.02

1165.16

1540.30

968.08

246.29

Washer/Dryer Hookups

786.42

1024.10

1116.43

1308.73

1648.08

1165.95

805.24

902.71

1005.43

1297.62

1672.92

1042.48

123.47

Garbage Disposal

807.30

978.54

1078.95

1307.23

1656.59

1125.23

702.50

853.32

826.34

1190.80

906.59

218.63

Dishwasher

823.66

995.21

1094.89

1305.32

1655.80

1141.21

730.48

801.65

859.00

1323.94

1737.92

862.40

278.81

Air Conditioning

810.88

978.82

1079.28

1307.46

1660.11

1125.73

680.05

847.55

826.35

1178.30

929.17

898.08

227.65

Ceiling Fan

813.00

991.49

1078.56

1324.40

1685.74

1139.76

775.67

936.46

1037.85

1253.42

1580.48

1070.76

69.00

Attached Garage

990.56

1178.56

1352.65

1515.97

1840.12

1365.84

786.08

928.94

1031.86

1231.17

1590.48

1056.30

309.54

Covered Parking

834.88

1003.25

1095.00

1307.51

1655.11

1145.69

753.23

942.85

1037.67

1302.76

1658.41

1087.75

57.94

Clubhouse

865.48

1020.48

1143.72

1328.57

1688.65

1171.32

682.21

836.34

946.70

1182.63

1467.94

949.80

221.51

Business Center

829.34

1033.76

1151.82

1349.30

1689.77

1189.56

750.09

871.61

976.57

1178.86

1499.25

981.51

208.05

Pets Allowed

804.94

982.59

1083.80

1314.35

1658.62

1130.98

776.37

799.15

837.53

955.09

1237.00

843.14

287.83

Resident Pays Sewer/Water

837.87

1001.71

1096.73

1323.64

1687.31

1150.88

662.87

838.48

934.42

1140.27

1342.50

932.37

218.51

Unit Security/Alarm System

1035.00

1051.66

1194.04

1330.39

1738.99

1210.89

793.65

956.52

1040.81

1297.89

1620.85

1096.01

114.88

Handicapped Access

840.57

1023.93

1144.44

1337.15

1713.82

1175.85

746.81

877.74

975.05

1222.02

1468.80

1003.93

171.92

Heat Included in Rent

651.49

854.43

1026.90

1050.98

929.17

894.19

812.96

984.25

1068.06

1308.11

1660.11

1130.68

-236.49

IV-16

Apartment Unit Absorption by Quarter and Year for Arapahoe County

2011

2012

2013

2014

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
59795
0
59795
6.5%
55908
3887
-96
60415
0
60415
6.3%
56628
3787
382
60451
0
60451
4.1%
57947
2504
542
60592
174
60766
4.5%
58060
2706
594

Second
59795
0
59795
4.9%
56865
2930
957
60415
0
60415
5.5%
57062
3353
434
60451
86
60537
4.5%
57797
2740
-151
60766
66
60832
4.6%
58009
2823
-52

Third
59961
454
60415
5.5%
57092
3323
227
60415
0
60415
4.8%
57514
2901
452
60537
0
60537
4.8%
57655
2882
-141
60832
548
61380
4.6%
58571
2809
562

Fourth
60415
0
60415
6.9%
56246
4169
-846
60415
36
60451
5.0%
57405
3046
-109
60537
55
60592
5.2%
57466
3126
-189
61380
306
61686
4.9%
58669
3017
98

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
2007 1st
2nd
3rd
4th
2008 1st
2nd
3rd
4th
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

Units Added

57741
57741
57741
57741
58299
58379
58379
59275
59275
59275
59359
59795
59275
59961
59961
59961
59961
59961
59961
60415
60415
60415
60415
60415
60451
60451
60537
60537
60592
60766
60832
61380

IV-17

0
0
0
558
80
20
876
0
0
84
436
0
166
0
0
0
0
0
454
0
0
0
0
36
0
86
0
55
174
66
548
306

Ending
Inventory
57741
57741
57741
58299
58379
58399
59275
59275
59275
59359
59795
59795
59961
59961
59961
59961
59961
59961
60415
60415
60415
60415
60415
60451
60451
60537
60537
60592
60766
60832
61380
61686

Year-End
59795
454
60415
6.9%
56246
4169
242
60415
36
60451
5.0%
57405
3046
777
60451
141
60592
5.2%
57466
3126
61
60592
1094
61686
4.9%
58669
3017
1203

Monthly Resident Turnover


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

2014
Building Type

1st

2nd

3rd

4th

2.0

0.0

3.6

0.0

Size
Up to 8
9 - 50

3.1

4.1

4.9

3.9

51-99

0.8

5.2

5.8

3.6

100 - 199

3.2

5.2

5.4

3.5

200 to 349

3.4

5.1

5.4

4.2

350 up

3.7

5.0

5.9

4.3

3.0

4.1

1.5

0.0

Age
To 1959
1960-69

2.7

4.2

4.0

4.4

1970-79

3.2

4.5

6.3

4.2

1980-89

3.6

5.0

5.2

4.3

1990-99

3.7

5.4

6.0

4.0

2000-04

3.8

5.2

5.7

3.8

2005 up

3.4

6.1

5.3

3.8

Market Area
Arapahoe Co-South

2.8

5.4

6.1

3.8

Arapahoe Co-Southeast

3.8

5.1

4.8

3.5

Aurora-Central Northeast

3.5

5.2

13.0

3.4

Aurora-Central Northwest

3.1

4.9

6.1

5.4

Aurora-Central Southeast

4.2

5.1

5.3

4.7

Aurora- Central Southwest

3.3

5.2

4.8

3.6

Aurora-South

3.6

4.8

6.0

4.3

Englewood/Sheridan

3.8

4.7

4.1

4.0

Glendale

4.0

5.6

6.5

4.1

Littleton

2.5

5.0

6.4

3.6

County Average

3.5

5.0

5.6

4.1

Resident turnover is for respective


months of February, May, August

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

1
5
1
1
1
7

1
3

1
1

Percent Vacant

0.0%

34
8
2
68
91
60
56
108
14
72
20

0.0%
12.5%
0.0%
7.4%
1.1%
1.7%
1.8%
0.0%
50.0%
0.0%
0.0%

17

0.0%

24
22

4.2%
13.6%

24

0.0%

16
20

6.3%
5.0%

36

0.0%

4
6
1
26
28
4
175
27
30
92
69
31
56
28
33
28
8
46
27
7
21
33
19
4
16
33
4
1
17
8

Percent Vacant

0.0%

2
1
16
89
195
23
143
881
802
356
855
741
690
1767
1113
1147
856
812
882
925
283
1088
485
547
771
477
358
210
569
811
36
214
37
472
231

0.0%
0.0%
0.0%
4.5%
3.1%
0.0%
0.7%
3.0%
3.5%
1.1%
20.5%
3.6%
4.3%
5.2%
6.2%
2.7%
6.5%
3.4%
3.7%
3.0%
2.8%
4.2%
5.6%
1.3%
2.7%
6.9%
5.3%
1.9%
2.8%
4.1%
0.0%
1.9%
2.7%
3.6%
3.5%

0.0%

10
1
6
11
10
13
6
51
16
19
14
14
9
15
3
7
13
4
7
10
15
1
4
3

2
4

Percent Vacant

0.0%

0.0%

1
4

0.0%
0.0%

5
5
245
15
40
8
348
381
323
21
177
113
146
328
164
259
313
100
173
110
134
431
99
84
233
223
40
85
30
16

0.0%
0.0%
4.1%
0.0%
2.5%
0.0%
1.7%
2.9%
3.1%
0.0%
7.3%
5.3%
34.9%
4.9%
11.6%
5.4%
4.5%
9.0%
8.7%
2.7%
5.2%
3.0%
4.0%
8.3%
4.3%
6.7%
2.5%
4.7%
10.0%
0.0%

19
64

10.5%
6.3%

51

3.9%

22

693

3.2%

882

18889

4.7%

270

1
4792

0.0%
5.6%

0.0%

0.0%
0.0%
0.0%
0.0%
5.1%
3.0%
5.5%
0.8%
2.9%
3.5%
0.8%
20.1%
3.3%
3.4%
4.8%
5.4%
2.0%
6.7%
3.4%
6.9%
3.8%
4.2%
4.2%
5.0%
2.9%
3.7%
5.8%
5.3%
2.5%
5.2%
3.8%
4.9%
3.4%
3.3%
3.8%
4.9%
3.1%
3.5%
3.6%
5.6%
7.7%
11.4%
11.2%
5.9%
6.7%
2.9%
4.6%
7.4%
6.9%
1.0%
0.0%
16.7%
21.1%
7.3%
9.1%

4
2
6
1

0.0%
0.0%
0.0%
0.0%

24
12
6
54
19

0.0%
0.0%
0.0%
1.9%
31.6%

0.0%

15

54
8
154

5.6%
0.0%
9.7%

8
5
5
9
1

144
85
95
136
62

5.6%
5.9%
5.3%
6.6%
1.6%

28.6%
0.0%

9
4

27
59
9

0.0%
15.3%
44.4%

11
4

8.7%

4
6

55
64

7.3%
9.4%

4
10

55
110

61

8.2%

7
10

46

IV-19

Percent

0.0%
0.0%

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

Total

1
4

0.0%
0.0%
0.0%
0.0%
16.7%
1.6%
0.9%
4.4%
0.5%
1.5%
5.3%
3.6%
3.0%
5.6%
5.6%
2.2%
6.5%
3.2%
4.1%
1.4%
3.4%
3.8%
5.7%
3.1%
3.5%
3.1%
5.0%
20.0%
12.1%
11.2%
6.0%
7.1%
1.3%
2.4%
9.5%
7.3%
1.0%

13239

Total
Percent Vacant

0.0%

1
6
24
337
6
182
235
563
196
130
887
277
132
805
1015
312
1205
754
218
214
561
502
352
413
656
262
238
5
397
402
746
198
150
126
168
397
100

642

Total

0.0%

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

Other

Percent Vacant

1
3
3
50
98
201
91
239
946
1103
483
909
821
1060
2154
1460
1523
1043
1131
1285
1816
671
1479
1779
945
1076
1392
1567
965
1879
1703
506
651
638
1059
654
459
664
281
412
13
551
402
891
283
245
262
230
448
100
27
66
19

1
3
2
25
1
2
47
10
4
45
57
7
78
24
9
3
19
19
20
13
23
8
12
1
48
45
45
14
2
3
16
29
1

0.0%

Percent Vacant

4.8%

1
6

4
85

18

0.0%

80
1246

5.0%
6.8%

72

0.0%

1
1

40
30
8

2.5%
3.3%
0.0%

54

7.4%

5
6
5
2
27
39
4
183
27
36
103
79
31
70
38
89
69
28
62
89
27
40
81
83
24
98
65
25
22
21
40
32
14
23
10
23
1
63
45
53
19
7
12
17
31
1

61

8.2%

20

5.0%

20
18

5.0%
0.0%

5
12

31
255

16.1%
4.7%

9
1913

112
39114

8.0%
4.9%

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

Efficiencies

One Bedroom

Total

Total

Vacant

Percent Vacant

128

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Percent Vacant

Total

20

36

Three Bedroom

Percent Vacant

Total

0.0%

1
1

0.0%
0.0%

56

1.8%

Total

Total
Percent Vacant

Total

0.0%

1
4

0.0%
0.0%

0.0%

Percent

128

0.0%

0.0%

2
1
8
1
4

0.0%
0.0%
0.0%
0.0%
0.0%

40

10.0%

40

10.0%

42
72

0.0%
5.6%

1
4

62
72

1.6%
5.6%

13

288

4.5%

14

364

3.8%

118

0.0%

4
5
1

294
102
54

1.4%
4.9%
1.9%

9
23

126
390

7.1%
5.9%

168

3.0%

102

5.9%

54

1.9%

9
3

126
92

7.1%
3.3%

40

2.5%

102

4.9%

176

2.3%

19

258

7.4%

168

3.0%

48

4.2%

34

960

3.5%

150

4.0%

40

54

2.5%

7.4%

36

8.3%

36

8.3%

44

4.5%

119

2.5%

2
3

44
119

4.5%
2.5%

18

170

10.6%

18

170

10.6%

24

16.7%

46

8.7%

1
111

12
2373

8.3%
4.7%

Other

Percent Vacant

4
5.0%

0.0%

Total

0.0%

Percent Vacant

46

8.7%

55

991

5.5%

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

IV-20

1
10

24

12
122

16.7%

8.3%
8.2%

94

5.3%

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

Efficiencies

One Bedroom

Total

Total

Vacant

Percent Vacant

16

6.3%

Two Bedroom
Two Bathroom

Percent Vacant

15

66
4
278
9
216

7.6%
0.0%
2.9%
0.0%
6.9%

4
2

125
20

3.2%
10.0%

10

351

2.8%

160

1.9%

184

2.7%

Two Bedroom
One Bathroom
Total

Percent Vacant

Total

4
1
1

37
16
39

10.8%
6.3%
2.6%

30

10.0%

19

10.5%

84

9.5%

5
2

69
168

7.2%
1.2%

86

1.2%

3
132

0.0%
6.1%

4
38

2
75
328

0.0%
5.3%
11.6%

192
2
7
12
144

7.3%
0.0%
0.0%
16.7%
4.2%

51

7
10

28.6%
0.0%

2
6

3.9%

6.3%

52

1413

3.7%

Other

Percent Vacant

Total

Total
Percent Vacant

Total

13

192

6.8%

90

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

IV-21

1321

6.8%

24

28

0.0%

3.6%

16

7.6%
0.0%
2.9%
0.0%
6.9%

4
2
8

125
20
108

3.2%
10.0%
7.4%

15
2
4
4
2
5
3

420
168
37
176
125
184
30

3.6%
1.2%
10.8%
2.3%
1.6%
2.7%
10.0%

10

3
151

0.0%
6.6%

5
38

2
103
328

0.0%
4.9%
11.6%

192
2
7
36
195

7.3%
0.0%
0.0%
5.6%
4.1%

7
10

28.6%
0.0%

14

24

0.0%

Percent

66
4
278
9
232

16

Total

14

Three Bedroom

Percent Vacant

2
8

20

10.0%

20

10.0%

22

4.5%

22

4.5%

18

0.0%

18

0.0%

8
144

12.5%
3.5%

9
3087

22.2%
5.2%

1
5

1
1

1
1

100.0%
100.0%

2
162

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

Percent Vacant

19

0.0%

22

4.5%

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Percent Vacant

2
11

201
336

1.0%
3.3%

150

4.0%
3
10

Total

Percent Vacant

240
247

1.3%
4.0%

0.0%

Total

1
58

41

2.4%

19

Three Bedroom

Percent Vacant

136

0.7%

0.0%

Total

Percent Vacant

Other
Total

Total
Percent Vacant

Total

Percent

19

0.0%

3
11

223
336

1.3%
3.3%

6
3
10

150
240
247

4.0%
1.3%
4.0%

0.0%

136
58
1

0.7%
0.0%
0.0%

0.0%

0.0%

0.0%

2
1
6

0.0%
0.0%
0.0%

2
1
113

0.0%
0.0%
2.7%

1
1
3

0.0%
0.0%
0.0%

2
1
3

0.0%
0.0%
0.0%

0.0%

0.0%

0.0%

0.0%

763

2.5%

2
1539

0.0%
2.4%

3
1

13

1
490

107

2.8%

0.0%

0.0%
2.7%

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

IV-22

244

1.6%

1
1

0.0%
0.0%

37

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

Percent Vacant

33.3%

18

0.0%

17

0.0%

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%

33.3%

18

0.0%

85

4.7%

85

4.7%

165
5

33.0%
2.8%
0.0%
5.8%

165
5

25

500
180
1
428

2
1

104
94

1.9%
1.1%

33.0%
2.8%
0.0%
5.7%
0.0%
1.7%
2.3%

100

5.0%

16

217

7.4%

33

692
30

4.8%
0.0%

36

2.8%

2
4

0.0%
0.0%

34

5.9%

2
3

500
180
1
435
4
121
128

50
2

108
48

46.3%
4.2%

55
2

208
48

26.4%
4.2%

16
1

48
18

0.0%
5.6%

34

0.0%

1
3
25

217
53
18
84
640

7.4%
0.0%
5.6%
3.6%
3.9%

44

13.6%

7
39
2

134
736
135

5.2%
5.3%
1.5%

1
4

36
85

2.8%
4.7%

1
1

30
30

3.3%
3.3%

85

0.0%

25

5
3
25

84
606

3.6%
4.1%

128

5.5%

105

1.9%

0.0%

0.0%

4.7%
1

45

2.6%

Percent

38

Total

0.0%

Total
Percent Vacant

257

2468

10.4%

65

425

15.3%

30

746

94

1.1%

84

1798

4.7%

IV-23

3.3%

34

5.9%

34

5.9%

12

94

12.8%

12

94

12.8%

20

0.0%

45

766

5.9%

20

0.0%

20

0.0%

94

1.1%

422

4938

8.5%

6.0%

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

30

3.3%

14

179

7.8%

30

3.3%

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

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

204

1.0%

204

1.0%

1
10
2
14
21
8

0.8%
4.9%
1.3%
7.5%
5.7%
3.6%
0.0%
0.0%
3.9%
1.5%

1
10
2
14
21
8

7
2

120
204
155
186
366
220
1
6
180
130

192

3.1%

7
38

120
204
239
186
366
304
1
194
348
226
14
220
512

0.8%
4.9%
0.8%
7.5%
5.7%
2.6%
0.0%
1.5%
2.0%
3.5%
0.0%
3.2%
7.4%

20

5.0%

84

8
16
96

0.0%

0.0%
0.0%
6.3%

14

222

6.3%

20

5.0%

1
1

12
15
40

0.0%
6.7%
2.5%

1
24

84

0.0%

180
152

1.7%
0.0%

14
28
290

0.0%
3.6%
8.3%

3
7
8

217

3.7%

9
1

12
232
40

0.0%
3.9%
2.5%

212

1.4%

212

1.4%

172

5.2%

172

5.2%

213

4.2%

213
8

4.2%
0.0%

73

1964

3.7%

23

513

4.5%

57

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

IV-24

1562

3.6%

0.0%

20

5.0%

20

5.0%

20

5.0%

20

5.0%

3
1
3
1

48
12
88
9

6.3%
8.3%
3.4%
11.1%

3
1
3
1

48
12
88
9

6.3%
8.3%
3.4%
11.1%

10

197

5.1%

20

5.0%

20

5.0%

28

3.6%

164

4264

3.8%

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

4
1

Percent Vacant

0.0%

45
64

8.9%
1.6%

1
23
9
4

18
3
2
1
13
8

14

122
499
108
350
6
72
309
141
109
155
99
213
196
1
5
232
1

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Percent Vacant

0.8%
4.6%
8.3%
1.1%
0.0%
0.0%
5.8%
0.0%
2.8%
1.3%
1.0%
6.1%
4.1%
0.0%
0.0%
6.0%
0.0%

Total

Percent Vacant

Total

3
10

2
6
4

13
79
254

23.1%
0.0%
3.9%

2
17
7
154
33
87
15
10
3
5
8
137

0.0%
11.8%
0.0%
3.9%
0.0%
4.6%
0.0%
0.0%
0.0%
20.0%
50.0%
2.9%

3
1
10

14

113

4.4%

99

2779

Percent Vacant

24
253
6
2

0.0%
0.0%
16.7%
0.0%

Total

Total
Percent Vacant

Total

171
1
102
8
277
9
7
422
6
242
2
6
2
81

1.8%
0.0%
1.0%
0.0%
3.6%
0.0%
0.0%
3.3%
0.0%
12.8%
50.0%
66.7%
0.0%
4.9%

34

824

4.1%

14

156

9.0%

83

1777

4.7%

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

IV-25

Percent

0.0%

4
3

45
186
499
108
350
6
72
322
220
387
408
107
232
203
326
39
421
24
287
12
12
430
143
242
2
6
2
81
161

8.9%
1.1%
4.6%
8.3%
1.1%
0.0%
0.0%
6.5%
0.0%
3.4%
0.5%
1.9%
6.5%
3.9%
2.8%
0.0%
4.5%
0.0%
3.5%
0.0%
8.3%
4.2%
2.8%
12.8%
50.0%
66.7%
0.0%
4.9%
1.9%

13
2
2
15
8
9
19
10
1
18
4
31
1
4

1.9%

3.6%

Other

21

31
1
4

161

Total

4
2
23
9
4

1
4
4

Three Bedroom

Percent Vacant

12

8.3%

12

8.3%

24

4.2%

24

4.2%

14

156

9.0%

223

11
5540

0.0%
4.0%

11
47

0.0%
4.3%

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

Vacant

Efficiencies

One Bedroom

Total

Total

Percent Vacant

6
8

0.0%

108

0.0%

145

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Percent Vacant

Total

24

Three Bedroom

Percent Vacant

Total

Other

Percent Vacant

Total

Total
Percent Vacant

Total

238

4.2%

10

2.7%

8
8
1
44

103
3
322

7.8%
33.3%
13.7%

6
42

0.0%
2.4%

5
2
2
6

88
43
57
48
9

5.7%
4.7%
3.5%
12.5%
0.0%

0.0%

0.0%

1.4%
6.6%
1.3%
3.0%
9.1%
1.5%
3.6%
0.4%

1
49
2
13
64
6
7
25

4
2
2
31
6

149
341
14
456
70

2.7%
0.6%
14.3%
6.8%
8.6%

216

2.8%

10

120

8.3%

30

6.7%

21

312

6.7%

10

172
28
36

5.8%
0.0%
0.0%

23

588

3.9%

1
26
7
1
9

39
40
411
294
189
300

2.6%
0.0%
6.3%
2.4%
0.5%
3.0%

14
10
1

394
330
94

3.6%
3.0%
1.1%

0.0%

0.0%

197

4549

4.3%

56

64

6.3%

1169

72

12

0.0%

54

1.9%

0.0%

0.0%
16.4%

0.0%

4.8%

4.2%
0.0%
5.6%
0.0%
1.4%
6.6%
1.3%
3.0%
8.9%
1.5%
3.6%
3.1%
0.0%
5.8%
3.2%
0.5%
5.7%
6.3%
6.0%
2.3%
2.1%
2.8%
0.0%
16.4%
3.6%
3.0%
1.1%
0.0%
2.7%

10.3%
33.3%
13.7%

72
741
156
437
596
398
196
454

16

0.0%

39
3
322

1
49
2
13
54
6
7
2

0.0%

56
73

299

0.0%
2.4%
4.2%

4.1%

5.6%

52
212
72

145

4
1
44

108

5
3

Percent

238
108
108
72
72
741
156
437
716
398
196
796
24
172
837
377
53
496
533
518
477
354
56
73
394
330
94
16
299

12

212

Total

4.1%

10

72

Percent Vacant

171

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

IV-26

3708

4.6%

10
27
2
3
31
32
12
10
10
12
14
10
1

5
2
1
6

88
37
15
48
9

5.7%
5.4%
6.7%
12.5%
0.0%

2
4

11
9

18.2%
44.4%

2
4

11
9

18.2%
44.4%

2
6
1

35
64
10

5.7%
9.4%
10.0%

2
6
1

35
64
10

5.7%
9.4%
10.0%

2
32

48
440

4.2%
7.3%

6
78
460 10180

7.7%
4.5%

4
4

30
102

13.3%
3.9%

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

Vacant

Efficiencies

One Bedroom

Total

Total

2
1
1
1
1

Percent Vacant

0.0%
0.0%
0.0%
0.0%
0.0%

2
2
4

15
88
50
22
15
16
69
4
81
49
1

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Percent Vacant

0.0%
4.5%
0.0%
0.0%
0.0%
0.0%
2.9%
0.0%
2.5%
8.2%
0.0%

156

4.5%

18

168

10.7%

244

0.8%

282

1.1%

210

1.9%

Total

Percent Vacant

Total

Three Bedroom

Percent Vacant

Total

1
1

1
2
6
15
36
7
7
15
12
12
18
5
3

0.0%
0.0%
0.0%
0.0%
2.8%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
20.0%
33.3%

100.0%

9
1

78
51

11.5%
2.0%

38
134

4
2
1
1

78

6.4%

17

144

11.8%

3.1%

17

441

0.0%
0.0%
0.0%
0.0%

2.6%
1.5%

1470

Total
Percent Vacant

Total

200

2.0%

130

0.0%

3.9%

27

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

IV-27

106

12
1
5
4
17

0.0%
4.5%
0.0%
0.0%
0.0%
0.0%
2.7%
0.0%
2.6%
7.1%
0.0%
0.0%
0.0%
0.0%
0.0%
5.0%
33.3%
10.7%
20.0%
0.8%
0.0%
0.0%
3.3%
2.0%
6.4%
1.9%
11.8%

1
2

38
134

2.6%
1.5%

658

4.1%

8
1
18
1
2

200

2.0%

130

0.0%

0.0%

106

0.9%

0.0%

0.9%

Percent

17
89
51
23
17
18
75
19
117
56
8
15
12
12
18
161
3
168
5
246
1
1
360
51
78
210
144

3
4

46

Total

0.0%

Other

1
2

Percent Vacant

26

7.7%

26

7.7%

42

4.8%

92

2617

3.5%

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

38
40

0.0%
2.5%

14

50.0%

20

0.0%

24

4.2%

Two Bedroom
Two Bathroom

Percent Vacant

Total

Percent Vacant

Total

Three Bedroom

Percent Vacant

Total

1
2
8

40
86
140
117
482
186
66
39

2.5%
2.3%
5.7%
0.0%
8.9%
2.7%
0.0%
5.1%

136

6.6%

Total

Total
Percent Vacant

Total

4
8

96
119

4.2%
6.7%

106

1.9%

36
45

2.8%
0.0%

83
12

3.6%
0.0%

18

130

13.8%

36

22.2%

34

5.9%

12

0.0%

20
4

83

0.0%
2.5%

54
86
160
153
527
186
66
146
95

14.8%
2.3%
5.0%
0.7%
8.2%
2.7%
0.0%
4.1%
2.1%

18
4
8
8
2
20
6

130
96
119
36
106
152
54
12
12

13.8%
4.2%
6.7%
22.2%
1.9%
13.2%
11.1%
0.0%
0.0%

152
20
12

19

31.6%

0.0%

6
2

2.4%

13.2%
20.0%
0.0%

75

1477

5.1%

32

388

8.2%

19

31.6%

0.0%

Percent

38
40

8
2
8
1
43
5

Other

Percent Vacant

43
5
1

Two Bedroom
One Bathroom

96

6.3%

96

6.3%

74

9.5%

74

9.5%

39

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

IV-28

437

8.9%

33.3%

33.3%

23

30.4%

162

2461

6.6%

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

Efficiencies

One Bedroom

Total

Total

Vacant

Percent Vacant

0.0%

32

0.0%

1
3

0.0%
33.3%
1

16

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Percent Vacant

2
1
1
1

0.0%
0.0%
0.0%
0.0%

1
6
37

0.0%
0.0%
2.7%

0.0%

Total

12
154

8.3%
2.6%

45

2.2%
1

22

13.6%

1
6

144
168

0.7%
3.6%

5
6

164
172

3.0%
3.5%

0.0%

0.0%

1
4

0.0%
0.0%

4
3
1

0.0%
0.0%
0.0%

4
1
4
2

0.0%
0.0%
0.0%
0.0%

8
3

0.0%
33.3%

Total

75

5.3%

30

136

1046

Total

Percent Vacant

92

6.5%

70

5.7%

80
45

216
108

1.3%
0.0%

4.2%
7.4%

3.7%

2.9%

Other
Total

Total
Percent Vacant

Total

11

200

5.5%

Percent

1
4

1
3
3
33
2
5
4
10
40
17
2
4
1
16
156

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
25.0%
0.0%
2.5%
0.0%
0.0%
0.0%
0.0%
6.3%
2.6%

1
1

53
3

1.9%
33.3%

4
7

166
248
45

2.4%
2.8%
0.0%

5
12

164
264

3.0%
4.5%

4
9
8

70
216
108

5.7%
4.2%
7.4%

136

3.7%

9
8

Three Bedroom

Percent Vacant

0.0%

1
4

Percent Vacant

60

5.0%

60

5.0%

151

4.0%

151

4.0%

83

6.0%

83

6.0%

32

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

IV-29

743

4.3%

27
24

0.0%
12.5%

27
24

0.0%
12.5%

51

5.9%

80

2115

3.8%

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

1325.00

1225.00

1125.00

1025.00

925.00

825.00
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

14 Q1
14 Q3

14 Q3

13 Q3

13 Q1

12 Q3

12 Q1

11 Q3

11 Q1

10 Q3

10 Q1

09 Q3

14 Q1

13 Q3

13 Q1

12 Q3

12 Q1

11 Q3

11 Q1

10 Q3

10 Q1

09 Q1

1425.00
08 Q3

Average Rent by Quarter


for Boulder/Broomfield Counties

09 Q3

Quarter

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
25.0
14 Q1
14 Q2

Percent Vacant

20.0

14 Q3
14 Q4

15.0

10.0

5.0

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
3000

Rent (in dollars)

2500

Efficiency

1 Bed

2 Bed, 1 Bath

2 Bed, 2 Bath

3 Bed

All

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
25
14 Q1
14 Q2
20

14 Q3

Percent Vacant

14 Q4
15

10

0
To 1939

1940-49

1950-59

1960-69

1970-79

1980-89

1990-99

2000-04

2005 up

Year Built

Vacancy Rate by Size of Building


for Boulder/Broomfield Counties
14
14 Q1
12

14 Q2
14 Q3

Percent Vacant

10

14 Q4

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
2.5

Rent per Square Foot (in dollars)

14 Q1
14 Q2
2

14 Q3
14 Q4

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)

14 Q1
14 Q2
2

14 Q3
14 Q4

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

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

Number of Apartment Units

Number of Apartment Units

Estimate of Total Apartments by Year


for Boulder/Broomfield Counties

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

390

200

229

100
100

8
788
721

600

426

336

265

349

213

98

128

00

59 48
24

376
307

221

125

211

244

99

260

V-5

212

60

00

231

42
000000

Year

6077

206

238

55

96

146

00
788

551 558 551

483

386

238

95

179

0 0 21 260 0 0 0

Vacancy Rates by Market Area by Apartment Type


for Boulder/Broomfield Counties
30
Efficiency
One bedroom
Two bed, one bath
Two bed, two bath
Three bedroom
All

Percent Vacant

25

20

15

10

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
18
14 Q1
16

14 Q2
14 Q3

Percent Vacant

14

14 Q4

12
10
8
6
4
2
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
2000
14 Q1
1800

Rent (in dollars)

1600
1400

14 Q2
14 Q3
14 Q4

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


1800
$1,529.43

1600
$1,334.61

1400
1200
1000

$1,064.34
$946.56

800
600
400
200
0
Up to 6 units

7 - 36 units

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
2006
County
Boulder - Other

Broomfield

Boulder Except Univ.


Boulder - Univ.
Area
Longmont

Boulder/
Broomfield
Counties

1st

2nd

3rd

2007
4th

1st

2nd

3rd

2008
4th

1st

2nd

3rd

2009
4th

1st

2nd

2010
3rd

4th

7.6 7.2 4.5 5.5 3.9 3.7 5.2 3.3 3.3 4.3 3.6 6.6 6.0
5.1 4.9 4.9
-0.7 -2.9 -0.4 0.3 -3.6 -3.4 0.7 -2.2 -0.6 0.6 -1.6 3.3 2.7
0.8 1.2 -1.7
6.9 6.2 6.1 6.2 5.3 4.4 4.6 4.0 3.9 4.0 3.6 4.5 5.1
5.3 5.7 5.2
8.9 7.5 4.3 5.6 4.8 4.5 4.1 6.0 4.9 4.9 5.5 7.2 6.7
7.0 4.0 5.1
-9.2 -2.4 -7.3 -6.4 -4.1 -3.0 -0.2 0.5 0.1 0.3 1.4 1.2 1.8
2.2 -1.6 -2.1
10.6 10.0 8.2 6.6 5.5 4.8 4.8 4.9 4.9 5.0 5.3 5.6 6.1
6.6 6.2 5.7
6.0 8.8 6.0 5.6 4.3 3.2 2.6 2.0 3.2 3.3 2.4 3.0 3.6
6.6 7.2 5.8
-2.1 0.9 -1.3 0.9 -1.7 -5.6 -3.5 -3.6 -1.1 0.1 -0.2 1.0 0.4
3.3 4.8 2.8
6.5 6.7 6.4 6.6 6.2 4.8 3.9 3.0 2.7 2.8 2.7 3.0 3.1
3.9 5.1 5.8
2.8 3.0 4.1 1.6 0.8 5.9 1.9 3.7 3.8 4.4 1.1 0.6 2.4 11.4 3.5 2.0
7.0 2.4 1.5
-5.3 -0.1 0.0 -3.4 -1.9 2.9 -2.1 2.1 2.9 -1.5 -0.8 -3.2 -1.4
3.7 3.7 3.7 2.9 2.4 3.1 2.6 3.1 3.8 3.4 3.2 2.5 2.1
3.9 4.5 4.8
6.3 4.7 4.5 7.6 8.4 3.9 3.2 11.5 15.1 19.6 10.5 8.7 8.9
9.1 7.8 12.8
-5.2 -5.3 -3.4 1.2 2.1 -0.8 -1.3 3.9 6.8 15.8 7.3 -2.9 -6.2 -10.5 -2.7 4.2
7.6 6.3 5.5 5.8 6.3 6.1 5.8 6.7 8.4 12.4 14.2 13.5 11.9
9.3 8.6 9.7
6.9 7.0 4.8 5.5 4.7 4.0 3.6 5.4 5.7 6.4 4.7 6.1 6.0
7.2 5.5 5.8
-4.2 -1.6 -3.0 -1.7 -2.2 -3.0 -1.1 -0.1 0.9 2.4 1.1 0.6 0.3
0.8 0.8 -0.3
7.6 7.2 6.5 6.0 5.5 4.8 4.5 4.4 4.7 5.3 5.5 5.7 5.8
6.0 6.2 6.1

2011

2012

2013

2014

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

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
4.9
0.8
1.1
4.5
4.8
3.6 10.7*
0.3
7.1
4.0
5.8
3.1 5.4*
2.0
1.5
8.3
8.6
2.3
3.5
0.3
3.5
1.6
2.5
2.5
2.7
-0.1 -0.6
2.5
2.4
3.3 7.2*
0.5
3.8
4.4
5.4

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

V-8

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

2014

Number of
Units

1st

2nd

3rd

4th

Up to 8

0.0

0.0

0.0

0.0

9.4

7.3

County
Boulder - Other

9 to 50

Broomfield

51 to 99

7.3

100 to199

4.5

3.9

3.2

6.8

200 to 349

1.5

5.6

3.9

4.7

350 up

4.1

7.2

4.2

4.2

Up to 8

0.0

Broomfield

9 to 50
51 to 99

Boulder - Except
Univ.

100 to 199

3.4

2.3

1.7

3.4

200 to 349

4.2

4.4

3.6

4.4

350 up

4.7

4.7

4.6

21.9*

Up to 8

0.0

0.0

0.0

0.0

9 to 50

7.2

1.2

0.0

1.2

51 to 99

1st

2nd

3rd

4th

499 below

3.6

10.7

0.0

1.8

500 to 749

2.5

3.2

4.2

2.5

750 to 999

4.0

6.7

5.4

4.8

1000 above

3.6

6.0

3.5

5.3

499 below

2.3

4.0

1.4

2.0

500 to 749

6.1

5.0

5.3

4.5

750 to 999

4.4

4.7

4.1

11.3*

1000 above

4.0

3.9

3.1

13.7*

499 below

20.4

0.0

0.0

0.5

500 to 749

11.3

3.2

1.6

3.1

14.8

0.0

4.3

2.5

750 to 999

27.1

4.5

2.9

4.6*

100 to 199

7.0

4.9

3.3

0.9

1000 above

25.1

9.7

9.0

18.9*

200 to 349

58.7

24.5*

350 up
Boulder - Univ.
Area

Boulder - Except
Univ.

2014

Square Feet in
Unit

0.5

Up to 8

0.0

0.0

2.2

1.1

1.4

500 to 749

0.0

0.8

0.0

0.0

0.0

750 to 999

0.0

0.0

7.0

1.8

0.0

1000 above

9.5

5.4

5.8

13.2

4.7

3.5

0.0

0.0

51 to 99

0.0

0.0

0.0
0.0
4.8

5.5

100 to 199
200 to 349

1.4

2.7

Boulder - Univ.
Area

499 below

9 to 50

350 up
Longmont

Longmont

Up to 8

0.0

5.3

5.6

0.0

499 below

0.0

0.0

2.9

0.0

9 to 50

0.0

0.0

2.2

0.0

500 to 749

0.2

3.5

3.5

4.6

51 to 99

1.1

6.7

3.3

4.4

750 to 999

1.5

3.8

2.2

3.1

100 to 199

1.2

1.2

4.1

2.9

1000 above

1.9

2.2

2.4

1.9

200 to 349

1.5

2.3

2.0

2.5

0.8

5.0

3.6

0.0

2.6

2.2

0.0

3.5

1.2

1.4

1.9

0.5

0.5

Boulder/Broomfield 499 below


Counties
500 to 749

5.9

4.8

5.3

3.9

2.5

3.4

350 up
Boulder/Broomfield Up to 8
Counties
9 to 50
51 to 99

7.8

3.7

4.1

3.4

750 to 999

8.0

4.9

3.8

7.9

100 to 199

5.6

3.9

2.6

2.7

1000 above

6.0

4.3

3.4

9.5

200 to 349

8.9

3.8

3.2

5.5

350 up

4.0

5.7

4.2

12.6

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)

2014

County
4th

2.7
6.7

4.8
4.0

4.8
4.9

0.0

6.3

5.1

4.7

0.0
3.4
2.4
3.2
4.6
6.0

4.9
4.5
1.8
4.2
6.4

4.1
1.1
5.9
5.6
2.1
3.4
4.6
5.2
4.0 22.3*

21.2
5.6

0.0
3.8

2.2
42.9
95.9

5.6

0.0
0.6
10.8
4.6

2.3
1.4

1.7
2.7

0.0
0.0
0.5

0.0
0.0
0.0
0.7
2.0
1.5

6.7
0.0
0.0
5.1
2.3
1.7

8.4
6.7
0.0
3.0
4.8
1.5
1.2

8.4
0.0
0.0
0.0
4.4
3.1
2.3

0.0
12.7
4.3
1.6
3.3
3.6
20.5

6.7
1.2
4.0
4.6
4.4
3.1
6.4

4.3
0.0
2.1
5.6
3.0
2.4
5.7

0.0
0.5
1.4
4.0
4.0
3.9
19.5

0.6
1.5
1.8
1.4

Boulder - Other

3.8
4.3

Apartment Type

Broomfield

3rd

Boulder - Except
Univ.

2nd

0.0
2.3
0.0

Boulder - Univ. Area

24.5*

Longmont

1st

Boulder/Broomfield
Counties

Boulder/Broomfi
eld Counties

Longmont

Boulder - Univ.
Area

Boulder - Except
Univ.

Broomfield

Boulder - Other

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

V-10

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

2014
1st

2nd

3rd

4th

3.6
3.7
2.9
4.0
3.1
11.1
3.7
5.3
4.8
3.8
4.1
2.5
3.2
4.3
46.1
26.4
12.9
26.6
2.7
4.3
22.0
0.0
0.0
5.4
10.0
0.0

10.7
5.4
10.1
5.0
12.5
0.0
6.3
15.8
4.1
4.7
4.8
3.4
3.2
4.5
0.0
3.1
4.2
5.3
9.4
4.2
0.0
1.8
3.6
5.0
0.0

0.0
2.9
12.6
2.9
8.6
0.0
4.2
0.0
3.2
4.0
4.2
1.8
0.0
3.6
0.0
1.5
1.7
8.5
0.0
0.0
3.1
0.0
2.7
0.0
7.6
0.0

1.8
2.7
12.7
5.2
5.4
0.0
4.9
0.0
11.4*
3.7
13.9*
0.8
6.5
10.7*
26.3*
3.6*
0.7
17.1*
2.2
6.3
5.4
0.0
1.4
1.8
16.7
0.0

1.8
0.0
0.6
1.4
2.2
1.0
1.9
1.3
15.7
7.4
6.0
6.3
2.4
3.2
6.7

2.3
1.5
3.3
3.4
2.9
3.0
1.9
3.0
5.3
4.0
4.9
4.5
6.9
2.1
4.4

2.3
0.0
3.3
1.5
3.2
0.0
0.0
2.5
0.0
2.9
3.8
4.0
3.6
0.0
3.3

3.5
9.7
3.5
2.7
2.4
1.2
0.0
2.7
9.3
6.7
3.6
10.3
2.8
2.9
7.2

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)
2014

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.

2014

1st

2nd

3rd

4th

1000.00
1093.59
1240.79
1402.44
1703.52
1286.88

915.00
1133.94
1305.27
1549.86
1803.13
1371.52

1086.00
1185.80
1284.23
1534.75
1549.64
1372.32

915.00
1203.19
1365.51
1499.82
1794.70
1390.61

1040.16
1060.43
1060.89
1440.06
1581.06
1208.31

1117.42
1108.82
1110.35
1523.13
1578.04
1268.45

685.00
1075.78
1127.10
1425.12
1637.15
1213.98

1144.47
1192.43
1143.78
1537.72
1504.60
1313.00

1325.07
1189.37
1255.47
1804.07
1964.19
1374.68

1277.62
1120.96
1156.96
1744.23
2006.25
1307.21

1183.33
1131.53
1198.36
1800.74
2136.82
1387.61

1388.60
1148.91
1299.97
1962.82
2149.78
1347.29

805.00
1024.23
1414.29
1545.63
2650.00
1126.98

850.00
1032.68
1471.43
1547.50
2650.00
1143.83

822.14
1355.06
1555.26
2472.52
2416.67
1338.80

862.95
1378.16
1434.38
2527.28
2650.00
1521.51

865.07
971.16
1086.75
1216.49
1369.01
1092.57

981.06
1023.78
1164.03
1309.48
1416.87
1161.62

1071.21
1086.63
1223.14
1352.65
1486.58
1226.67

1026.03
1003.40
1126.05
1335.52
1486.61
1168.77

Efficiency
1048.55
991.61
914.35 1075.11
1 Bed
1070.57 1091.72 1147.34 1187.06
2 Bed, 1 Bath
1155.58 1167.78 1199.69 1220.35
2 Bed, 2 Bath
1428.48 1497.00 1516.80 1563.65
3 Bed
1644.45 1655.63 1617.55 1687.07
All
1227.76 1264.25 1287.15 1329.54
Rents are based on the units being unfurnished with tenants paying
electricity and gas.

1st
2nd
3rd
4th
Year Built
To 1959
1960-69
1970-79
1980-89
1179.35 1226.69 1330.97 1287.15
1990-99
1298.21 1378.77 1366.57 1399.11
2000-04
2005 up
1292.52 1433.50 1439.72 1418.46
Broomfield
To 1959
1960-69
721.43
1970-79
810.12
872.60
880.32
909.25
1980-89
1151.82 1187.24 1214.13 1150.72
1990-99
1286.09 1341.60 1326.12 1369.56
2000-04
1227.18 1296.34 1302.09 1315.34
2005 up
1349.37 1408.89 1458.08 1460.49
Boulder - Except Univ.
To 1959
1960-69
960.47 1089.07 1101.95 1043.17
1970-79
1175.05 1070.54 1085.97 1144.62
1980-89
1688.47 1638.29
1990-99
1740.24 1739.71 1752.95 1715.67
2000-04
792.00
2005 up
1919.52
1915.68
Boulder - Univ. Area
To 1959
1045.00
1960-69
1261.85 1213.38
958.91 1246.91
1970-79
1019.09 1088.18 1073.46 1074.07
1980-89
959.26
1990-99
2000-04
2005 up
2312.00 2356.39
Longmont
To 1959
668.60
735.00
699.13
735.00
1960-69
828.75
847.50
865.83
842.92
1970-79
713.53
732.65
759.09
723.82
1980-89
1067.04 1102.14 1175.80 1053.07
1990-99
1157.92 1269.34 1298.53 1308.46
2000-04
1091.31 1160.28 1234.30 1159.84
2005 up
Boulder/Broomfield
To 1959
668.60
735.00
819.43
735.00
Counties
1960-69
1073.63 1165.91
976.90 1076.47
1970-79
1024.01
973.62
990.78 1009.93
1980-89
1104.00 1141.01 1248.36 1198.07
1990-99
1314.05 1378.75 1377.68 1399.62
2000-04
1164.20 1236.72 1257.72 1247.20
2005 up
1438.62 1412.91 1709.75 1599.32
Rents are based on units being unfurnished with tenants paying gas and electricity.

County
Boulder - Other

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

2014

2014

1st

2nd

3rd

4th

870.00

907.50

1140.00

956.67

1295.89
1242.26
1283.37
1301.02

1244.08
1371.94
1406.31

1160.04
1334.03
1367.55
1402.01

1295.75
1314.24
1418.46
1414.02

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

721.43

1st

2nd

3rd

4th

988.00
1093.53
1198.44
1391.10
1711.68
1321.05

913.00
1096.65
1308.65
1585.16
1811.58
1352.75

1088.00
1186.26
1302.33
1558.80
1562.08
1325.08

913.00
1186.29
1382.44
1508.82
1835.46
1441.04

1040.57
1065.64
996.40

1137.33
1152.87
1049.74

688.00
1165.47
1007.00

1162.33
1257.78
1177.21

100 to 199

1142.59

1270.36

1270.36

1398.41

2 Bed, 2 Bath

1480.45

1541.44

1373.52

1522.39

200 to 349

1168.56

1217.66

1194.31

1264.27

3 Bed

1540.50

1456.00

1589.00

1423.50

350 and up
Boulder - Except Univ.

1276.60

1343.44

1302.09

1384.05

All
Boulder - Except Univ.

1228.46

1247.17

1221.05

1325.77
1481.63

Up to 8

934.62

968.85

972.69

942.31

Efficiency

1322.60

1287.40

1187.40

9 to 50

1008.33

992.11

1076.33

1118.73

1 Bed

1022.38

992.37

999.73

1030.14

51 to 99

1224.95

1101.06

1475.17

1302.58

2 Bed, 1 Bath

1228.66

1157.75

1158.24

1233.00

100 to 199

1334.97

1364.61

1412.89

200 to 349

1610.54

350 and up
Boulder - Univ. Area
Up to 8

1329.85

2 Bed, 2 Bath

1828.92

1855.94

1820.00

1842.40

1915.68

3 Bed

1797.60

2006.95

2010.29

2008.42

1020.28

All
Boulder - Univ. Area

1240.99

1165.03

1188.50

1194.98

Efficiency

813.00

838.00

793.31

859.21

1 Bed

995.14

1031.20

1099.07

1176.13

1045.00

9 to 50

1431.22

1436.69

1363.43

1363.43

51 to 99

1100.00

1000.00

1100.00

1177.00

2 Bed, 1 Bath

1292.80

1392.80

1492.50

1365.40

905.08

959.26

2 Bed, 2 Bath

1585.00

1585.00

2012.04

2012.44

1724.14

1740.43

100 to199
200 to 349

1019.09

1088.18

350 and up
Longmont

3 Bed

2013.50

2013.50

2007.25

2013.50

All
Longmont

1077.11

1037.31

1084.47

1191.69

Up to 8

698.11

753.16

717.89

758.42

Efficiency

9 to 50

741.22

760.67

787.56

750.56

1 Bed

51 to 99

877.67

1027.67

1127.67

1086.71

1005.28

1047.33

1112.19

1054.39
1052.71

869.08

976.10

1022.64

1053.07

2 Bed, 1 Bath

1124.40

1163.89

1278.31

100 to199

1271.10

1350.93

1320.06

1405.99

2 Bed, 2 Bath

1228.88

1354.29

1357.67

1274.92

200 to 349

1112.85

1193.28

1256.24

1176.37

3 Bed

1393.25

1460.20

1544.80

1606.25

350 and up

1106.33

1115.77

1235.92

All

1099.34

1155.60

1258.88

1100.35

Boulder/Broomfield Counties

Boulder/Broomfield Counties

Up to 8

792.98

851.32

905.93

852.63

9 to 50

1115.12

1122.10

1090.11

1100.30

1 Bed

Efficiency

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

1118.82
1291.53
1204.42
1266.49

1002.96
1323.78
1219.84
1341.49

1173.98
1279.51
1286.38
1352.55

1214.14
1315.90
1348.83
1349.46

2 Bed, 1 Bath
1177.14 1167.52 1197.43 1192.49
2 Bed, 2 Bath
1395.88 1543.34 1472.65 1510.50
3 Bed
1701.61 1744.75 1567.03 1672.20
All
1186.28 1235.23 1249.25 1298.08
Rents are based on units being unfurnished with tenants paying gas and
electricity.

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

985.00

958.29

905.00

1050.00

1057.10

1087.67

1142.10

1169.09

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)
2014

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)
2014

County

1st

2nd

3rd

4th

2.07
1.39
1.31
1.22
1.21
1.32

1.89
1.43
1.36
1.34
1.22
1.38

2.24
1.51
1.35
1.34
1.10
1.41

1.89
1.53
1.45
1.31
1.27
1.41

1.90
1.46
1.17
1.32
1.31
1.36

2.04
1.53
1.22
1.39
1.27
1.43

1.58
1.53
1.24
1.37
1.33
1.41

2.09
1.62
1.25
1.39
1.17
1.48

2.45
1.85
1.40
1.80
1.51
1.71

2.94
1.73
1.36
1.87
1.73
1.65

2.73
1.75
1.40
1.88
1.77
1.68

2.54
1.84
1.58
1.92
1.78
1.80

2.12
1.93
1.44
1.36
2.52
1.82

2.24
1.96
1.49
1.37
2.52
1.86

1.56
2.10
1.59
2.28
2.09
1.93

2.22
2.27
1.46
2.32
2.52
2.21

1.59
1.42
1.21
1.19
1.16
1.29

1.80
1.50
1.30
1.28
1.22
1.37

1.97
1.58
1.35
1.32
1.17
1.43

2.02
1.45
1.25
1.27
1.16
1.32

2.05
1.54
1.27
1.33
1.29
1.42

2.04
1.55
1.30
1.38
1.29
1.44

1.78
1.64
1.33
1.43
1.25
1.50

2.18
1.70
1.38
1.42
1.29
1.55

Apartment Square Feet


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

1st

2nd

3rd

4th

2.07
1.49
1.36
1.22

1.89
1.61
1.40
1.32

2.24
1.64
1.45
1.30

1.89
1.59
1.50
1.30

1.41
1.55
1.34
1.29

1.50
1.63
1.39
1.36

1.59
1.43
1.39
1.38

1.67
1.67
1.50
1.35

2.00
1.78
1.72
1.47

2.83
1.74
1.54
1.72

2.64
1.77
1.59
1.72

2.26
1.67
1.77
1.86

2.05
1.79
1.77
1.32

2.19
1.67
1.77
1.36

2.14
1.59
2.51
2.09

2.18
1.90
2.59
2.06

1.31
1.52
1.27
1.15

1.31
1.62
1.35
1.23

1.31
1.75
1.41
1.27

1.31
1.68
1.30
1.21

1.85
1.61
1.41
1.26

1.91
1.65
1.41
1.32

1.96
1.65
1.49
1.36

2.05
1.68
1.56
1.37

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)

2014
Building Type

Building

2nd

3rd

4th

Up to 8

1.9

1.6

5.4

2.2

1st

Up to 6

1.9

9 - 50

4.3

9.6

9.6

3.0

9 - 50

9.1

51 - 99

-4.8

12.1

21.4

-8.2

51 - 99

3.0

100 - 199

4.7

19.8

9.9

7.8

100 - 199

200 to 349

11.9

8.2

6.7

5.0

200 to 349

3.1

3.1

7.9

-4.2

2nd

3rd

4th

4.3

7.6

2.2

11.5

10.2

3.6

15.8

25.6

-4.8

10.2

23.7

12.5

10.5

20.8

12.0

9.9

10.5

7.1

8.8

12.1

8.4

Size (in units)

Size

350 up

Type

2014

1st

350 up
Age (year built)

Age
To 1959

0.0

7.3

-0.7

5.9

To 1959

0.0

14.0

3.6

5.9

1960-69

10.3

11.2

4.4

3.5

1960-69

23.0

12.5

4.4

3.9

1970-79

5.4

5.6

4.1

2.2

1970-79

9.6

9.6

6.2

3.6

1980-89

5.6

21.7

12.3

13.2

1980-89

7.2

26.3

17.9

17.2

1990-99

3.8

6.8

12.3

-0.5

1990-99

7.1

11.2

15.3

3.5

2000-04

2.3

5.1

6.7

3.8

2000-04

5.9

8.2

9.1

7.7

2005 up

8.1

5.0

4.0

-6.2

2005 up

28.6

11.4

9.7

13.3

-4.3

21.7

15.5

-9.0

Market Area
Boulder - Other

-0.6

28.0

19.7

-4.1

4.3

5.9

5.3

-1.9

Broomfield

8.7

10.3

8.8

8.8

Boulder - Except Univ.

12.8

6.1

8.7

9.5

Boulder - Except Univ.

34.8

10.2

11.8

14.9

Boulder - Univ. Area

Boulder - Univ. Area

11.8

13.5

4.9

2.4

5.7

13.3

14.1

7.7

14.0

13.3

12.1

8.8

Market Area
Boulder - Other
Broomfield

10.0

11.2

2.7

-1.1

Longmont

4.4

10.3

11.5

5.0

Longmont

Average

7.3

8.9

8.8

1.6

Average

V-14

Average Rents for Boulder/Broomfield Counties


(in dollars)

Efficency
Market Area Totals
Boulder - Other

1 Bed

2 Bed
1 Bath

2 Bed
2 Bath

3 Bed

Other

All

915.00

1203.19

1365.51

1499.82

1794.70

1630.00

1390.61

Broomfield

1144.47

1192.43

1143.78

1537.72

1504.60

1692.94

1313.00

Boulder - Except Univ.

1388.60

1148.91

1299.97

1962.82

2149.78

1679.94

1347.29

862.95

1378.16

1434.38

2527.28

2650.00

Longmont

1026.03

1003.40

1126.05

1335.52

1486.61

1087.50

1168.77

Boulder/Broomfield Counties Average

1075.11

1187.06

1220.35

1563.65

1687.07

1383.50

1329.54

891.25

1087.50

Boulder - Univ. Area

Buildings with up to 6 Units


Boulder - Other

1521.51

956.67

Broomfield
Boulder - Except Univ.

821.67

1185.00

1003.33

Boulder - Univ. Area


Longmont

500.00

640.00

1122.50

Boulder/Broomfield Counties Average

500.00

833.75

1105.00

1185.00

1010.00

1022.25

1400.00

1500.00

1620.00

1119.25

1064.64

1700.00

1414.38

2650.00

1363.43

846.25
946.56

Buildings with 7 to 36 Units


Boulder - Other
Broomfield
Boulder - Except Univ.
Boulder - Univ. Area
Longmont

547.50

713.72

786.25

906.25

873.33

746.67

Boulder/Broomfield Counties Average

701.67

913.42

1486.85

1228.25

1590.00

1064.34

Buildings with 37 and Above Units


Boulder - Other

915.00

1205.10

1369.08

1499.82

1794.70

1630.00

1392.01

Broomfield

1144.47

1192.43

1143.78

1537.72

1504.60

1692.94

1313.00

Boulder - Except Univ.

1395.36

1155.95

1298.39

1981.75

2161.82

1679.94

1355.68

862.95

1396.41

1328.13

2622.00

Longmont

1079.00

1034.07

1133.64

1343.83

1509.05

1087.50

1190.49

Boulder/Broomfield Counties Average

1083.59

1194.40

1215.91

1566.19

1688.56

1383.50

1334.61

Boulder - Univ. Area

1534.52

Buildings with 5 Stories and Above


Boulder - Other
Broomfield

1370.00

1686.00

Boulder - Except Univ.

1285.00

1699.00

2400.00

1713.77

1364.25

1688.16

2400.00

1529.43

1501.17

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

Difference
3 Bed

All

Outside Storage

1388.60

1181.22

1267.10

1572.92

1543.74

1330.30

953.56

1191.96

1176.70

1556.16

1744.10

1328.90

1.41

Patio or Balcony

1111.36

1245.47

1275.90

1570.27

1689.19

1382.27

826.96

944.54

1086.18

1403.99

1663.64

1037.56

344.71

995.26

1239.74

1307.34

1539.98

1720.03

1385.23

1191.52

1125.46

1158.30

1636.70

1604.22

1244.85

140.38

Nine-Foot Ceilings

1157.23

1312.97

1406.07

1585.28

1766.77

1454.56

930.85

978.60

1114.09

1372.83

1498.61

1079.97

374.60

Swimming Pool

1083.59

1199.26

1211.86

1565.69

1689.24

1338.51

651.25

990.31

1260.31

1438.40

1593.33

1198.74

139.76

Spa or Sauna

1148.55

1282.06

1309.60

1570.36

1640.69

1406.92

989.18

1027.29

1151.08

1534.53

1812.78

1179.45

227.47

Exercise Room

1111.93

1251.59

1297.41

1571.29

1668.34

1390.41

1014.39

996.64

1138.88

1479.76

1794.34

1132.64

257.77

Sport Court

915.00

1168.72

1314.00

1495.77

1712.11

1381.77

1135.70

1188.82

1208.02

1580.32

1669.07

1320.99

60.78

Microwave

1157.23

1282.59

1264.82

1606.22

1814.64

1421.54

930.85

1004.38

1187.78

1373.23

1562.67

1154.89

266.66

969.67

1204.55

1281.21

1480.54

1634.07

1349.55

1148.93

1171.25

1180.29

1770.36

1996.83

1304.21

45.34

Garbage Disposal

1075.11

1187.02

1219.25

1569.57

1691.38

1328.32

1195.00

1325.00

1405.00

1620.00

1398.41

-70.09

Dishwasher

1096.49

1221.51

1222.58

1569.86

1689.19

1355.80

854.17

969.28

1201.38

1403.28

1663.64

1083.10

272.71

Air Conditioning

1099.75

1214.50

1219.98

1570.37

1689.19

1349.55

835.26

939.92

1223.75

1400.24

1663.64

1093.72

255.82

Ceiling Fan

1095.14

1204.22

1206.88

1596.79

1681.73

1339.80

987.63

1133.72

1301.56

1463.81

1706.94

1294.72

45.08

Attached Garage

977.03

1223.13

1397.91

1538.84

1747.28

1395.61

1130.95

1171.91

1184.48

1582.32

1636.10

1298.03

97.58

Covered Parking

1316.44

1320.34

1309.35

1654.60

1706.18

1450.16

964.79

1099.77

1199.64

1485.41

1678.49

1255.06

195.10

Clubhouse

1111.93

1239.66

1296.93

1564.73

1665.14

1381.25

1014.39

980.73

1125.48

1541.38

1913.89

1111.02

270.23

Business Center

1148.55

1299.52

1356.99

1568.61

1671.51

1431.96

989.18

976.47

1131.63

1501.17

1738.65

1101.91

330.04

Pets Allowed

1099.75

1196.71

1210.46

1569.91

1686.45

1337.73

835.26

1066.80

1350.84

1403.25

1695.56

1207.47

130.26

Resident Pays Sewer/Water

1083.17

1216.36

1250.41

1579.35

1734.98

1362.47

672.50

995.57

1155.12

1357.17

1470.78

1147.49

214.98

1222.39

1107.11

1452.96

1610.08

1315.00

1075.11

1181.49

1229.53

1592.17

1701.32

1332.17

-17.17

Fireplace

Washer/Dryer Hookups

Unit Security/Alarm System


Handicapped Access

1103.28

1225.08

1200.03

1571.54

1653.50

1354.59

983.56

1085.01

1269.41

1528.67

1879.36

1250.90

103.69

Heat Included in Rent

672.50

941.23

1129.22

1188.00

1572.17

1039.69

1083.17

1204.89

1238.67

1565.96

1690.65

1348.11

-308.42

V-16

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

2011

2012

2013

2014

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
34181
21
34202
4.9%
32526
1676
-424
34466
0
34466
3.9%
33122
1344
184
34612
788
35400
3.2%
34252
1148
930
37697
483
38180
6.7%
35617
2563
-803

Second
34202
238
34440
4.6%
32856
1584
330
34466
0
34466
3.6%
33225
1241
103
35400
95
35495
3.8%
34148
1347
-104
38180
179
38359
4.4%
36669
1690
1053

Third
34440
26
34466
4.6%
32872
1594
16
34466
0
34466
2.9%
33451
1015
226
35495
1481
36976
2.8%
35950
1026
1802
38359
386
38745
3.3%
37483
1262
813

Fourth
34466
0
34466
4.4%
32937
1529
65
34466
146
34612
3.7%
33322
1290
-129
36976
721
37697
3.4%
36420
1277
470
38745
788
39533
7.2%
36699
2834
-784

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
2007 1st
2nd
3rd
4th
2008 1st
2nd
3rd
4th
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
2013 1st
2nd
3rd
4th

Units Added

32535
32535
32595
32672
32903
32903
32958
33164
33540
33847
33847
34085
34085
34085
34181
34181
34181
34202
34440
34466
34466
34466
34466
34466
34612
35400
35495
36976
37697
38180
38359
38745

V-17

0
60
77
231
0
55
206
376
307
0
238
0
0
96
0
0
21
238
26
0
0
0
0
146
788
95
1481
721
483
179
386
788

Ending
Inventory
32535
32595
32672
32903
32903
32958
33164
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

Year-End
34181
285
34466
4.4%
32937
1529
-13
34466
146
34612
3.7%
33322
1290
385
34612
3085
37697
3.4%
36420
1277
3098
37697
1836
39533
7.2%
36699
2834
279

Monthly Resident Turnover


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

2014
Building Type

1st

2nd

3rd

4th

Up to 8

0.0

6.5

15.6

0.0

9 - 50

3.3

4.7

15.9

0.0

51-99

1.8

8.3

3.1

2.3

100 - 199

2.7

4.4

8.1

1.8

Size

200 to 349

3.1

5.8

5.6

3.8

350 up

5.2

7.1

5.1

2.9

0.0

6.7

30.4

0.0

Age
To 1959
1960-69

2.0

2.9

6.1

0.9

1970-79

2.7

5.2

6.7

3.2

1980-89

2.9

6.6

5.7

3.0

1990-99

3.7

6.0

7.0

4.3

2000-04

4.2

5.6

3.6

3.2

2005 up

3.6

6.1

7.3

3.1

Market Area
Boulder - Other

3.6

5.5

5.5

4.9

Broomfield

4.0

6.0

4.7

3.9

Boulder - Except Univ.

1.8

4.2

12.8

0.6

Boulder - Univ. Area

3.9

9.5

5.8

2.9

Longmont

3.6

6.2

5.3

3.0

County Average

3.4

5.9

6.4

3.2

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

Percent Vacant

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Percent Vacant

Total

Percent Vacant

Total

Three Bedroom

Percent Vacant

Total
8

0.0%

0.0%

0.0%

6
5
3
19
3
58

0.0%
0.0%
0.0%
0.0%
0.0%
1.7%

1
1
1
1
3

28

0.0%
0.0%
0.0%
0.0%
10.7%

18

0.0%

20

0.0%

3
2
2

6
5
25
2
4
6
10
5
2
4
6
12
6
170

12
12

32

37.5%

9.3%

0.0%

0.0%

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.5%
0.0%
0.0%
2.3%
0.0%
0.7%
2.4%
0.0%
0.0%
2.8%
1.7%
0.0%
6.3%
2.9%
3.6%
2.9%
2.1%
2.9%
40.0%
2.0%
3.5%
5.5%
3.5%
45.7%
0.0%

175

6.9%

0.0%

8
7
11
2
10
2
191
7
10
149
93
363
128
220
289
220
320
133
538
169
116
232
787
257
136
389
291
269
290
535
175
217
361
203
264
851
57
3
199
68
38
302
241
93
111

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.5%
0.0%
0.0%
2.0%
0.0%
0.8%
1.6%
0.5%
0.7%
2.7%
1.6%
1.5%
5.2%
3.0%
3.4%
2.6%
3.3%
2.7%
5.9%
1.8%
2.4%
5.2%
2.8%
32.1%
9.7%
2.8%
7.5%
5.4%
12.1%
3.9%
3.5%
33.3%
8.5%
7.4%
7.9%
7.9%
53.5%
23.7%
14.4%

56
12
178
65
3
8
22

3.6%
0.0%
2.2%
1.5%
0.0%
0.0%
0.0%

26
56
375
725 10112

0.0%
14.9%
7.2%

0.0%

1
1
1

0.0%
0.0%
0.0%

0.0%

0.0%

0.0%

44
104
247
8
5
31
11
90
6
7
305
16
13
30
119
21
56
43
167
54
38
1
1

0.0%
1.0%
0.8%
0.0%
0.0%
6.5%
0.0%
3.3%
0.0%
0.0%
5.2%
0.0%
0.0%
0.0%
0.8%
4.8%
3.6%
4.7%
10.2%
3.7%
7.9%
0.0%
0.0%

1
2
1
2

0.0%
0.0%
0.0%
0.0%

20
4
63

65
3

144
4642

12
1

0.0%
0.0%

57
3

3.5%
33.3%

0.0%
1

1
2

2
3

16

1
1
2
2
17
2
3

25.0%
25.0%
31.7%

16

2
6
3

48
118
157

4.2%
5.1%
1.9%

4
12
11
20
33

30
28
120
4
115
148
202
229
851

3.3%
0.0%
0.0%
0.0%
3.5%
8.1%
5.4%
8.7%
3.9%

16

196

8.2%

18
126

24
252
211

0.0%
7.1%
59.7%

16

111

14.4%

0.0%
0.0%

1
1

0.0%
0.0%

0.0%

36

0.0%

48

0.0%

1
5

3
68

33.3%
7.4%

30

3.3%

0.0%

0.0%

118

3.4%

11

26
42
397

0.0%
0.0%
2.8%

0.0%

104
9

0.0%
0.0%

0.0%

0.0%

2
2

10
30

20.0%
6.7%

44

4.5%

2.1%
6.7%

55

1547

3
2
1
2
6
5
2
28
5
4
6
26
7
8
7
7
14
8
172
17
6
27
11
32
33
2
1
17
5
3
24
129
22
16
2

0.0%
60

0.0%

189
3114

28.0%
10.3%

4
1

1.5%
0.0%
8
22

204

Percent

8
7
10
2
7
2
183
1
5
130
83
302
82
113
41
211
301
101
395
70
110
207
476
173
5
202
172
218
170
372
4

12

19

0.0%

0.0%
0.0%

3
313

Total

1
1

Total
Percent Vacant

0.0%

75.0%
5
1
20

Total

2
1

Other

Percent Vacant

0.0%
0.0%

3.6%

53
321

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

V-19

208

2.9%

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

1
1

0.0%
0.0%

1
26

Total

Percent Vacant

Total

Three Bedroom

Percent Vacant

Total

Other

Percent Vacant

Total

0.0%

56
1

1.8%
0.0%

0.0%

26

0.0%

1
1

0.0%
0.0%

3
1
13

90
56
376

3.3%
1.8%
3.5%

6
15

26
154
108

0.0%
3.9%
13.9%

1.8%

3
1
10

90
56
358

3.3%
1.8%
2.8%

124

3.2%

1
1

0.0%
0.0%

18

16.7%

2
15

30
108

6.7%
13.9%

0.0%

11
8

64
128

17.2%
6.3%

11
8

64
128

17.2%
6.3%

25

626

4.0%

25

626

4.0%

27
9

14.8%
0.0%

118

3.4%

91

2
1871

0.0%
4.9%

27

14.8%
9

1.8%

18

657

Percent

0.0%
0.0%

56

Total

1
1

26

Total
Percent Vacant

2.7%

20

158

12.7%

44

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

V-20

844

5.2%

118

3.4%

2
147

0.0%
5.4%

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

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Percent Vacant

Total

Percent Vacant

Total

Three Bedroom

Percent Vacant

Total
8

Total

174

0.6%

118

2.5%

0.0%

2
3

48
109

4.2%
2.8%

17

254

6.7%

5
3

141
24
132

3.5%
0.0%
2.3%

4
6
12
6
166

200
151
201
170
248

2.0%
4.0%
6.0%
3.5%
66.9%

12

143

8.4%

13

0.0%

0.0%

43
104
161
8
4
2
8
2

0.0%
1.0%
1.2%
0.0%
0.0%
0.0%
0.0%
0.0%

179

7.3%

12

Total

0.0%

1
2

2
3

16
50

52
30

30

0.0%

48
70

4.2%
8.6%

116

0.0%

112

3.6%

18
8

201
225

9.0%
3.6%

16

196

8.2%

0.0%

48

0.0%

6.3%
4.0%

3.8%
10.0%

6.7%

1
18
123

252
176

7.1%
69.9%

16

111

14.4%

24

4.2%

0.0%

240

2113

11.4%

26

696

0.0%

3.7%

211

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

V-21

1519

13.9%

26
6
118

0.0%
0.0%
0.8%

30

31

6.7%

6.5%

Percent

0.0%

0.0%

175

0.6%

118
6

2.5%
0.0%

43
104
161
56
126
2
262
2

0.0%
1.0%
1.2%
3.6%
2.4%
0.0%
6.5%
0.0%

5
13
5
6
4
6
13
8
166

159
209
180
70
200
151
217
220
364

3.1%
6.2%
2.8%
8.6%
2.0%
4.0%
6.0%
3.6%
45.6%

6
15

212
173

2.8%
8.7%

18
8
2

201
225
30

9.0%
3.6%
6.7%

16
1

196
24

8.2%
4.2%

18
123
2
16

252
176
30
111

7.1%
69.9%
6.7%
14.4%

480

26
6
4496

0.0%
0.0%
10.7%

1
2
2
3
17

2
6

19

Total
Percent Vacant

0.0%

1
2

18

Other

Percent Vacant

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

0.0%

1
1

20

Percent Vacant

Total

Percent Vacant

Total

Three Bedroom

Percent Vacant

Total

2
1
11
291
5
4
6
100
177
5
50
123
8
7
108
31
14
21
111
20
5
12
11
1
40

0.0%
0.0%
0.0%
0.7%
0.0%
0.0%
0.0%
1.0%
0.6%
0.0%
0.0%
3.3%
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%

37

32.4%

27

0.0%

3
1
28
20
49
63

33.3%
0.0%
10.7%
25.0%
12.2%
31.7%

56
12
60
65
3
8
22

3.6%
0.0%
0.0%
1.5%
0.0%
0.0%
0.0%

36
94

127
1746

28.3%
5.4%

1
1
1
3

0.0%
0.0%

0.0%

2
88
6
7
108
11
12
21
93
4
5
8
8
1
8

0.0%
3.4%
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
3

0.0%
0.0%

0.0%

20
4
63

25.0%
25.0%
31.7%

0.0%

24

0.0%

35

8.6%

57

26.3%

32

901

0.0%

0.0%

12

3
1

33.3%
0.0%

0.0%

10

20.0%

44

4.5%

0.0%

1.5%
0.0%

3.6%

3
5
6
20

0.0%
60

65
3

0.0%

75.0%

12

15

Percent

0.0%
0.0%
0.0%
0.7%
0.0%
0.0%
0.0%
1.0%
0.6%
0.0%
0.0%
3.8%
0.0%

37.5%

Total

2
1
11
291
5
4
6
99
177
4
48
26
2

0.0%

5
1
20

Total
Percent Vacant

0.0%

1
4

Total

27

Other

Percent Vacant

0.0%

32
32

Two Bedroom
Two Bathroom

18
16

12

Two Bedroom
One Bathroom

8
22

0.0%
0.0%

451

0.7%

36
39

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

V-22

95
228

37.9%
17.1%

32
45

0.0%
2.2%

64

6.3%

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

6
5
3
19
3
2

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

1
1

0.0%
0.0%

0.0%

2
11
6
11
11
109
9
28
7
12
12
7
18
10
94
1
5
2
3
1

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Percent Vacant

Total

0.0%

3
7

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
14.3%
0.0%
0.0%
0.0%
5.6%
0.0%
0.0%
0.0%
40.0%
0.0%
0.0%
0.0%

0.0%

0.0%

144
509

Total

Three Bedroom

Percent Vacant

Total

Other

Percent Vacant

Total

Total
Percent Vacant

Total

0.0%

2.1%
1.4%

0.0%

41

Percent Vacant

Percent

0.0%

6
5
5
30
9
13
11
110
10
28
9
12
12
7
18
10
94
6
6
11
10
2
3
5
8
4

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
11.1%
0.0%
0.0%
0.0%
5.6%
0.0%
0.0%
0.0%
33.3%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%

3
2

0.0%
0.0%

33.3%

5
1
9
7
1
1
5
3
1

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

1
1

0.0%
0.0%

33.3%

0.0%

0.0%

16

0.0%

16

0.0%

56

1.8%

240
710

8.3%
3.5%

0.0%

1
3

0.0%
0.0%

0.0%

17
17

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

V-23

94
102

18.1%
16.7%

2
2

0.0%
0.0%

20
25

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

One Bedroom

Percent Vacant

0.0%

0.0%

28

10.7%

Total

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Percent Vacant

Total

Percent Vacant

Total

Three Bedroom

Percent Vacant

Total

Percent

0.0%

0.0%
0.0%

8
7
10

0.0%
0.0%
0.0%

8
7
10

0.0%
0.0%
0.0%

7
2
8

0.0%
0.0%
0.0%

0.0%

10
2
9
1
3

0.0%
0.0%
0.0%
0.0%
0.0%

66

0.0%

67
3
68
2
86
36
8
113
213
37

0.0%
0.0%
2.9%
0.0%
0.0%
8.3%
0.0%
1.8%
5.2%
2.7%

40
46
157
19
30
36

5.0%
0.0%
1.9%
5.3%
3.3%
0.0%

48

4.2%

1
3
2

84
72
24

1.2%
4.2%
8.3%

16

0.0%

30

3.3%

35

1289

2.7%

65

3.1%

8
1

36
8
85
81
37

8.3%
0.0%
0.0%
9.9%
2.7%

40

5.0%

0.0%

1
1

0.0%
0.0%

0.0%

86

0.0%

0.0%

0.0%

1
2
1
2

0.0%
0.0%
0.0%
0.0%

0.0%

1
1

0.0%
0.0%

462

3.5%

3
2

28

7.1%
104

0.0%

2
11
1

19

46
157

0.0%
1.9%

30

3.3%

3
1
1

5.3%

48

186

0.0%

4.2%
1
3
2

16

Total

1
1

36

9.7%

Total
Percent Vacant

0.0%

31

Total

Other

Percent Vacant

2.7%

10

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

V-24

84
72
24

421

1.2%
4.2%
8.3%

2.4%

16

0.0%

30

3.3%

85

1.2%

104

0.0%

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

1150.00

1050.00

950.00

850.00

750.00

650.00
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

14 Q1
14 Q3

14 Q3

13 Q3

13 Q1

12 Q3

12 Q1

11 Q3

11 Q1

10 Q3

10 Q1

09 Q3

09 Q1

14 Q1

13 Q3

13 Q1

12 Q3

12 Q1

11 Q3

11 Q1

10 Q3

10 Q1

09 Q3

08 Q3

1250.00

09 Q1

Average Rent by Quarter


for Denver County
08 Q1

Quarter

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
25
14 Q1
14 Q2
14 Q3

20

Percent Vacant

14 Q4

15

10

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
3500

3000

Efficiency

1 Bed

2 Bed, 1 Bath

2 Bed, 2 Bath

3 Bed

All

Rent (in dollars)

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
20
14 Q1

18
16

14 Q2
14 Q3
14 Q4

Percent Vacant

14
12
10
8
6
4
2
0
To 1939

1940-49

1950-59

1960-69

1970-79

1980-89

1990-99

2000-04

2005 up

Year Built

Vacancy Rate by Size of Building


for Denver County
12
14 Q1
14 Q2

10

14 Q3

Percent Vacant

14 Q4

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
1.8
1.6

14 Q1

14 Q2

14 Q3

14 Q4

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 Denver County
2.5

Rent per Square Foot (in dollars)

14 Q1
14 Q2
14 Q3

14 Q4
1.5

0.5

0
499 below

500 to 749

750 to 999

Apartment Unit Size (in square feet)

VI-4

1000 above

200

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

Number of Apartment Units


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

Number of Apartment Units

Estimate of Total Apartments by Year


for Denver County

115000

110000

105000

100000

95000

Year

New Apartment Units Added by Year


for Denver County

1800

1600
1577

1400

1200
1271
1094

400

433

191

15

20

467

190 191
153 142
146
1240

1000

800
736

600

348
346

149
105 113

0
764
890

643
631

394
306

698

520

556

394

535

609
605

436

250
193
142 141
108

37 22
0

VI-5

142
140
110
79
37
30
0000
0

Year

201 203
151

573

333

169

700

146

276
190 215
135
87
41 66
000

124

Vacancy Rates by Market Area by Apartment Type


for Denver County
45
Efficiency
One bedroom
Two bed, one bath
Two bed, two bath
Three bedroom
All

40

Percent Vacant

35
30
25
20
15
10
5
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
9
8

14 Q1

14 Q2

14 Q3

14 Q4

Percent Vacant

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
1800
14 Q1
1600

Rent (in dollars)

1400
1200

14 Q2
14 Q3
14 Q4

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
1600

$1,475.93

1400
$1,203.89
Rent (in dollars)

1200
$969.57

1000
$822.50
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
2005
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

1st

2nd

3rd

8.2
-0.9
8.1
8.3
-3.1
8.5
15.3
-3.2
11.3
11.4
1.1
11.2
11.7
1.7
8.3
8.3
1.5
10.4
8.8
-6.9
8.8
12.4
-2.7
13.8
7.6
-2.0
7.6
6.9
1.5
7.1
11.9
5.8
10.8
9.2
-1.0
9.4

9.3
0.4
8.2
7.3
-1.9
8.1
9.7
-6.7
9.6
10.6
-2.1
10.6
7.7
1.4
8.6
12.5
4.3
11.5
6.3
0.0
8.8
8.3
-4.6
12.6
7.0
-1.3
7.3
6.7
-1.7
6.6
7.4
0.1
10.8
8.7
-1.4
9.0

9.7
2.3
8.8
8.3
2.3
8.6
20.1
18.2
14.2
8.6
-0.9
10.4
3.1
-4.1
7.6
24.9
11.2
14.2
5.7
-1.5
8.5
22.5
5.5
14.0
7.9
1.0
7.5
6.1
0.7
6.8
12.1
2.2
11.3
9.6
1.3
9.3

2006
4th

1st

2nd

2007
3rd

4th

1st

2nd

3rd

2008

2009
4th

1st

2010

4th

1st

2nd

3rd

2nd

3rd

4th

1st

2nd

9.3
7.1
6.0 7.0 6.7 7.0 5.1
5.9
5.0
0.1 -2.1 -2.9 -0.4 -1.4 -1.3 -4.1 -3.8 -4.3
9.1
8.8
8.0 7.3 6.7 6.7 6.4
6.2
5.7
5.0
3.3
4.9 8.0 6.7 7.8 7.1
4.3
4.9
-8.9 -8.0 -4.3 2.0 -4.0 -0.5 -0.3 -4.0 -0.1
7.2
6.0
5.4 5.3 5.7 6.8 7.4
6.4
6.0
17.3 13.6
6.1 6.5 7.9 8.0 7.8
5.5
5.0
2.8 -4.9 -10.3 4.6 -3.7 -7.3 -1.9 -14.6 -12.2
15.6 15.2 14.2 10.8 8.5 7.1 7.5
7.3
6.6
10.5
8.7 10.0 9.7 6.2 6.9 5.2
5.3
5.3
-1.4 -1.7 -2.8 0.2 -4.7 -4.5 -5.4 -3.3 -5.2
10.3
9.6
9.4 9.7 8.7 8.2 7.0
5.9
5.7
3.2
3.8
5.1 3.1 6.7 1.8 1.6
3.0
3.4
-6.7 -6.2 -1.1 -4.2 -1.3 -9.8 -6.0 -0.2
0.2
6.4
4.5
3.8 3.8 4.7 4.2 3.3
3.3
2.5
12.8 10.9 13.7 4.1 7.3 7.2 6.9
5.5
6.0
3.6
4.1
5.5 -9.6 -4.0 -1.1 -5.6 -19.4 -6.8
14.6 15.3 15.6 10.4 9.0 8.1 6.4
6.7
6.4
11.7
4.3
5.4 6.2 3.1 4.3 6.7
3.7
3.7
2.0 -11.4 -0.9 -1.0 -9.8 -4.5 0.4 -2.0 -8.0
8.2
7.0
6.8 6.9 4.8 4.8 5.1
4.5
4.6
14.7 12.3 12.7 13.1 14.0 12.1 9.6
7.2
6.6
5.2 -2.9 -0.2 -3.8 1.1 -0.3 1.3 -15.3 -8.2
14.5 14.4 15.6 13.2 13.0 13.0 12.2 10.7
8.8
7.0
8.4
6.2 4.4 6.7 7.1 6.3
6.9
6.9
-0.3 -1.2 -2.1 -2.6 -0.8 -0.5 -0.8 -1.0 -0.1
7.4
7.6
7.4 6.5 6.4 6.1 6.1
6.8
6.8
5.7
5.2
5.6 7.7 6.3 6.3 5.4
6.8
4.1
-0.1 -0.2 -2.8 2.3 -1.2 -0.5 -1.3
0.6 -1.6
5.9
5.7 6.1 6.2 6.5 6.5
6.2
5.7
6.4
9.2
7.8 13.0 6.7 6.3 5.4 5.8
8.4 15.0
0.4
1.7
5.7 -3.2 -7.6 -6.5 -1.5 -3.7
5.7
10.1
9.1 10.5 9.2 8.4 7.8 6.1
6.5
8.7
8.7
7.8
7.6 7.3 6.9 7.2 6.1
5.7
5.5
-1.1 -1.4 -1.1 -2.3 -1.8 -0.6 -1.5 -1.6 -1.4
9.1
8.7
8.4 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

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

VI-8

2011
3rd

2013

2012

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

2014
3rd

4th

1st

2nd

3rd

4th

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
2.2
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 19.9
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
4.6
0.0
5.8

6.9*
1.3
5.5
4.5
-6.4
5.5
6.8
0.6
5.1
4.2
-1.1
4.1
2.4
-0.8
3.6
3.3
-3.0
3.6
3.1
-0.8
5.9
5.7
-0.7
10.0
3.8
-0.6
3.6
2.8
-1.1
4.1
1.8
-2.8
2.7

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

2014

2014

1st

2nd

3rd

4th

County

0.0

2.3

0.0

0.0

2.3
2.7
4.7
28.2

4.4
4.1
6.3
25.3

2.3
2.2
2.6
2.3

3.6
2.9
19.2*
3.4

0.0

8.0

0.0

0.0

4.2
18.3*
3.6
25.0
5.0
3.8
4.2
4.9
6.5
0.0
0.0

2.4
12.8
5.2

1.6
5.0
4.3

2.1
5.3
4.1

0.0
3.9
5.7
6.0
3.4

0.0
0.0
4.7
4.6

2.3
6.2
3.6
9.5
7.2

4.3
6.4
5.2
0.0
5.3
21.7
5.7
2.1

5.2
3.2
3.4

0.0

1st

2nd

3rd

4th

Denver-Central/Capitol 499 below


Hill
500 to 749
750 to 999
1000 above

2.8
8.0
8.2
3.8

4.5
8.3
6.4
1.6

2.4
2.1
2.7
2.8

2.0
3.9
13.4*
19.6*

Denver-Downtown

499 below
500 to 749
750 to 999
1000 above

0.0
24.7*
6.2
10.0*

4.6
15.8
5.2
6.7

1.3
5.4
2.3
6.0

0.0
4.4
3.8
5.9

Denver-East
Central/Lowry

499 below
500 to 749
750 to 999
1000 above

4.5
6.1
6.5

0.0
4.5
3.6
4.6

4.2
2.6
4.8

0.0
4.2
9.6
9.8

Denver-Far SE

499 below
500 to 749
750 to 999
1000 above

3.2
6.1
5.4
3.4

3.2
3.7
4.2
2.4

2.2
3.2
2.7
4.1

0.6
3.4
5.2
4.6

Denver-North
Central/City Park

499 below
500 to 749
750 to 999
1000 above

5.3
11.3
4.8
4.1

4.6
7.2
3.8
2.0

3.2
1.1
1.1
4.9

3.3
0.8
0.6
6.9

Denver-Northeast

499 below
500 to 749
750 to 999
1000 above

3.1
3.6
1.9

2.7
5.2
6.4

3.5
2.8
4.3

2.6
3.5
4.0

Denver-Northwest

499 below
500 to 749
750 to 999
1000 above

3.7
9.3
46.6*
37.5*

7.4
4.7
27.0
28.1

0.0
3.5
1.4
3.1

2.3
3.8
2.7
0.0

Denver-South
Central/Wash Park

499 below
500 to 749
750 to 999
1000 above

5.3
12.1
4.6
10.2

21.0
13.5
9.7
25.4

10.5
10.3
1.4
7.1

5.3
4.8
1.7
11.1

Denver-Southeast

499 below
500 to 749
750 to 999
1000 above

0.0
3.7
2.9
4.6

1.3
3.8
3.5
2.5

3.9
3.4
3.6
4.4

2.0
3.2
3.7
6.0

Denver-Southwest

499 below
500 to 749
750 to 999
1000 above

5.1
4.0
12.7
18.3

1.8
1.8
2.1
1.4

0.9
0.7
2.6
2.8

1.3
2.2
3.2
3.8

Denver-West Central

499 below
500 to 749
750 to 999
1000 above

4.3
2.2
0.0
0.0

4.3
0.8
0.0
0.0

5.2
0.8
0.0
0.0

3.0
0.0

499 below
500 to 749
750 to 999
1000 above

3.3
7.8
6.4
6.9

4.9
5.9
4.9
6.7

3.1
3.6
2.6
4.8

2.2
3.5
5.1
6.9

0.0

6.6
5.7
2.6
2.9

5.0
3.2
2.7
0.0
4.0
0.0

5.5
3.8
4.0
0.0
3.2
0.0
3.1

Square Feet in Unit

1.7

0.0
7.7

15.4

2.1
3.1
0.0
2.4
23.3*
26.8*

40.0
3.2
3.1
0.0
7.2
5.5
15.8

3.4
4.4
3.4
0.0
0.0
6.8
2.5

2.1
9.9
2.2
0.0
1.1
9.6
2.5

0.0
7.4

11.1
21.5

11.1
11.0

6.6
12.9

8.4
28.0
9.9

2.8
1.6
10.7

22.2
6.9
0.0
6.5
0.4
7.7

3.5
5.0
3.0
3.4
0.0
3.9
7.4
4.7
13.1
0.5
0.0
0.0

1.7
4.0
3.6
2.8
0.0
3.9
3.7
2.2
1.8
1.1
0.0
0.0

0.0
1.7
4.1
3.7
3.4
0.0
2.0
5.7
1.8
1.9
0.3
0.0
0.0

4.2
3.5
5.4
3.8
1.3
0.0
2.0
5.6
0.6
3.7
0.5

8.0
1.3

8.8
0.0

10.4
0.0

5.6
0.0

0.8
3.3
5.1
6.7
10.6
4.7

2.2
7.6
4.1
6.6
7.2
3.9

1.3
3.5
2.5
3.5
3.4
3.7

2.4
3.7
3.5
7.3
4.4
4.0

0.0

Denver County

* vacancy rate affected by new units leasing up

VI-9

0.0

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)
2014

0.5
5.5
9.1
3.2
4.1
0.0

4.8
4.0
4.0
5.5
0.0

4.5
5.5
23.0*
3.5
1.2
5.7
2.1
4.8
6.5

2.8
13.0
0.0
6.4
2.1
4.1
4.0

4.6
0.0
4.7

0.0

10.1
1.0
5.1
7.4
0.0

0.0
2.3
5.0

4.8
6.4
3.7

3.1
4.7
4.2

2.9
7.3
7.7

6.0
1.7
15.0

3.6
1.8
10.7

3.7
2.7
7.5

4.6
0.0
5.8

5.9
0.0

3.2
7.7

1.3

0.0
2.4
15.4

3.4

2.8

2.9

1.8

2.1
2.6
0.0
5.0
0.0
2.1

3.2
3.7
40.0
3.3
10.0
0.0
2.1

4.4
5.0
3.4
0.0
0.0
0.0
3.5

9.9
3.2
2.1
0.0
0.0
0.0
3.5

35.4*
0.0
8.3
0.0
8.8

18.8
0.0
16.3
2.7
9.9

2.9
0.0
8.2
0.0
7.5

3.9
0.0
5.9
0.0
5.6

9.5
0.9
5.8
3.5
2.4
3.2

29.6
0.9
3.3
3.8
3.0
1.6

4.3
2.7
4.2
3.5
3.6
1.6

14.3
1.8
2.5
3.7
5.3
0.0

5.6
4.7
4.5
2.6

5.6
2.2
2.9
1.2

2.8
1.8
1.9
1.4

2.8
0.6
2.6
2.8

51.0
0.0
3.5
0.0

2.7
0.0
3.6
0.0

4.7

0.0
3.0
0.0

0.0

0.0

0.0

0.0

7.9
4.2
4.2
5.1
3.3
5.1
17.8

7.3
6.0
3.3
5.0
3.6
3.4
12.8

2.3
3.7
2.6
4.5
6.7
3.7
3.6

2.4
3.3
3.3
5.3
5.7
4.7
8.1

1.9

* vacancy rate affected by new units leasing up

VI-10

DenverCentral/Capitol Hill

23.4*
0.0

Denver-Downtown

0.0
3.8
0.0

Denver-East
Central/Lowry

0.0
0.9
16.7
3.1
1.8
7.9

Denver-Far SE

0.0
4.2
0.0
0.0

Apartment Type

Denver-North
Central/City Park

4th
2.8
3.5
2.8

Denver-Northeast

3rd
2.3
2.1
1.0

Denver-South
Denver-Northwest
Central/Wash Park

2nd
8.1
5.2
3.7
13.7

Denver-Southwest Denver-Southeast

1st
9.4
2.6
3.1
12.0

Denver-West
Central

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

Denver County

Denver County

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

County

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

2014
1st
4.1
6.4
10.2
5.5
0.0
0.0
6.4
13.8*
11.7*
13.7
11.0*
5.2
3.8
11.8*
3.7
4.5
6.6
5.9
8.8

2nd
3.6
7.5
7.3
3.2
0.0

3rd
2.5
2.4
0.9
4.1
5.0

6.5
7.5
8.6
7.7
8.4
0.0
2.7
7.7
5.9
4.3
3.7
4.7
4.1

2.3
2.6
4.4
4.9
4.8
4.1
12.5
4.3

5.5
7.9
5.7
4.9
4.2
1.9
5.0
5.2
8.2
5.2
7.1
5.9
5.3

4.3
4.2
3.8
3.6
3.2
1.6
0.0
3.6
5.0
4.3
8.3
3.0
0.0

3.8
3.1
3.1
2.4
3.7
0.0
10.0
3.2
5.0
1.0
8.3
4.3
0.0

5.7
1.3
3.3
4.7
1.8
1.7
0.0
2.9
18.5*
24.9*
8.1*
18.5*

4.1
3.0
5.0
2.8
6.9
2.3
0.0
4.8
12.3
12.4
10.8
15.4

2.2
5.9
3.2
3.4
4.2
1.5
0.0
3.5
0.0
3.6
0.0
3.1

0.0
19.9*
12.0
8.4
7.2
19.5
1.1
0.0
8.8
0.0
3.5
3.8
3.1
6.7
0.0
3.5
3.9
10.6
3.4
14.1
6.3

3.2
12.0
10.8
12.7
12.6
14.7
45.0
43.7
18.4
1.4
4.0
3.2
2.8
0.0
0.0
3.4
2.4
1.7
2.8
1.0

0.0
2.6
13.4
6.0
10.0
5.3
8.5
3.0
7.1
3.5
3.1
3.7
4.8
6.7
14.3
3.6
1.0
1.4
2.2
2.3
12.5

3.2
3.1
9.2
2.4
7.4
10.2
14.3
17.6
5.7
2.1
3.3
5.4
4.0
0.0
0.0
3.8
1.5
2.4
2.7
4.1
6.3

9.9
7.0
3.2
2.3
0.0
0.0
0.0
3.1
8.3
7.1
5.7
7.2
3.7
1.3
6.8

1.9
5.3
4.0
0.8
0.0
0.0
0.0
2.7
5.6
5.6
4.3
5.4
8.5
13.7
5.6

1.8
12.3
2.8
0.8
0.0
0.0
0.0
3.2
3.6
3.2
3.2
4.2
3.7
5.1
3.5

2.8
5.3
2.3
0.0

4.2
2.6
5.0
4.5

4th
2.0
6.8*
3.5
16.8*
38.2*
100*
6.9
3.9
4.6
7.0
4.3
1.4
20.0
4.5
4.3
4.0
9.5
9.7
9.4
6.8
2.7
4.2
3.8
4.6
4.6
6.3
4.2
3.4
1.1
0.0
6.3
0.0
0.0
2.4
1.5
3.5
2.3
3.6
12.9
3.3
3.6
3.0
1.9
4.6

0.0
0.0
1.8
3.3
4.2
4.5
5.6
8.3
12.3
4.6

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)
2014

County

1st

2nd

2014
3rd

4th

Denver-Central/Capitol Hill
Efficiency

2nd

3rd

4th

To 1959

940.31

926.53

939.60

967.44

Year Built

Denver-Central/Capitol Hill
722.53

788.07

817.56

1960-69

1016.49

1022.90

1013.38

1058.77

1 Bed

1020.83

990.06

1027.78

1088.75

1970-79

1013.63

989.23

1086.09

1106.53

2 Bed, 1 Bath

1233.85

1247.11

1281.10

1338.47

1980-89

1490.36

1738.89

2 Bed, 2 Bath

1562.86

1649.77

1571.19

1824.96

1990-99

3 Bed

1637.00

1706.52

1770.10

2297.65

2000-04

1440.91

1441.00

1425.00

All
Denver-Downtown

1056.15

1029.29

1054.51

1145.04

2005 up

1503.23

1512.06

1552.91

1690.10

To 1959

875.00

950.00

901.00

1323.72

Efficiency

1253.13

1476.21

1191.10

1253.47

1960-69

818.75

843.75

1 Bed

1447.70

1512.54

1435.60

1482.27

1970-79

2 Bed, 1 Bath

1490.35

1248.56

1447.08

1649.42

1980-89

2 Bed, 2 Bath

1855.80

1915.82

1907.88

1948.46

1990-99

3 Bed

2335.78

2527.27

2764.45

2688.15

2000-04

All
Denver-East Central/Lowry

1557.17

1552.70

1550.82

1608.74

Efficiency
1 Bed

741.42

1st

County

Denver-Downtown

Denver-East Central/Lowry
730.15

878.88

812.74

1361.65
1521.13

691.01

949.22

1480.25

1454.34

1492.78

1633.60

1711.15

1525.01

1531.33

1643.03

2005 up

1714.44

1725.35

1770.97

1780.00

To 1959

1039.91

1057.00

1125.00

819.03

1960-69

645.30
932.21

923.41

1027.52

859.76

990.55

1970-79

869.53

942.02

997.36

2 Bed, 1 Bath

1028.72

1103.86

1080.62

1124.78

1980-89

724.22

720.83

684.64

2 Bed, 2 Bath

1381.05

1385.94

1364.00

1449.77

1990-99

1352.57

1445.64

3 Bed

1671.16

1706.21

1597.27

1761.96

2000-04

1217.17

1257.02

All
Denver-Far SE

1122.89

1204.01

1052.40

1193.43

745.86

813.67

1 Bed

843.51

911.20

2 Bed, 1 Bath

911.04

970.70

2 Bed, 2 Bath

1123.66

3 Bed

805.54

1323.31

1322.10

2005 up
Denver-Far SE

Efficiency

696.88
1430.05

To 1959

702.35

866.67

827.54

1960-69

1500.00

898.78

931.47

1970-79

829.61

865.98

877.25

906.16

1039.90

1034.51

1980-89

979.46

1088.88

1081.66

1116.63

1264.75

1239.29

1236.46

1990-99

1228.44

1381.64

1269.63

1419.14

1384.62

1397.58

2000-04

All
Denver-North Central/City Park

931.18

1009.55

999.08

1023.03

2005 up

1245.40

1337.75

1388.53

1403.85

To 1959

880.12

925.88

943.88

969.15

Efficiency

694.82

758.97

696.83

765.52

1960-69

916.20

866.24

942.18

868.37

1 Bed

1399.48

1428.95

1353.70

1420.84

1970-79

2 Bed, 1 Bath

1212.50

1254.17

1287.50

1199.38

1980-89

2 Bed, 2 Bath

2106.20

2144.83

2080.71

2069.75

1990-99

3 Bed

2202.16

2326.32

2205.00

1216.00

2000-04

All
Denver-Northeast

1499.26

1473.96

1415.01

1351.79

2005 up

1694.36

1723.83

1652.08

1802.30

To 1959

842.50

780.38

Efficiency

642.47

641.00

1017.00

966.00

1960-69

1 Bed

823.80

910.35

812.05

902.56

1970-79

735.93

815.55

776.21

831.40

2 Bed, 1 Bath

814.76

954.17

772.66

799.89

1980-89

2 Bed, 2 Bath

1161.46

1233.19

1230.23

1394.76

1990-99

1207.03

1223.19

1230.82

1210.13

3 Bed

1342.81

1480.53

1233.91

1549.00

2000-04

1081.19

1162.34

1085.46

1256.20

925.45

1016.99

932.90

1033.90

2005 up

1559.81

1634.70

1617.51

To 1959

869.60

879.93

906.63

896.97

Efficiency

1227.31

1236.26

1325.58

1325.58

1960-69

978.83

1076.67

1142.39

1138.70

1 Bed

1293.71

1256.09

1307.00

1310.26

1970-79

650.00

650.00

795.00

750.00

2 Bed, 1 Bath

1206.68

1262.57

1306.62

1280.63

1980-89

752.57

761.46

757.60

759.38

2 Bed, 2 Bath

2009.37

2009.17

2028.52

2030.14

1990-99

All
Denver-South Central/Wash Park

1323.87

1309.91

1361.14

1360.56

2005 up

1756.19

1701.96

1753.71

1760.04

To 1959

784.87

733.33

829.33

767.73

Efficiency

1146.32

1227.22

1025.23

1013.25

1960-69

849.10

949.77

1023.71

979.73

1 Bed

1098.83

1158.99

1045.22

1035.99

1970-79

1014.00

978.65

1050.00

1050.00

2 Bed, 1 Bath

1492.00

1766.02

1565.49

1571.08

1980-89

1423.60

1695.16

1456.43

1469.13

2 Bed, 2 Bath

2043.06

1982.90

1811.64

1865.44

1990-99

3 Bed

1023.37

1238.57

1099.12

3218.86

All
Denver-Southeast

1265.65

1366.70

1214.03

1312.38

2005 up

1301.77

1394.65

835.55

2170.00

To 1959

794.55

732.73

823.09

832.23
950.96

All
Denver-Northwest

Denver-North Central/City Park

Denver-Northeast

Denver-Northwest

3 Bed

1220.00

795.14
918.46

2000-04
Denver-South Central/Wash
Park

2000-04
Denver-Southeast

Efficiency

621.83

662.43

786.75

683.35

1960-69

822.74

805.61

824.29

1 Bed

771.28

800.29

826.30

881.52

1970-79

805.49

853.46

892.82

917.55

2 Bed, 1 Bath

906.18

956.21

973.66

1046.96

1980-89

941.65

1023.34

993.60

1090.09

1113.29

1124.87

1122.97

1124.87

2 Bed, 2 Bath

997.78

1035.85

1045.32

1179.75

1990-99

1243.80

1285.47

1300.13

1284.13

2000-04

All
Denver-Southwest

849.10

881.94

902.78

979.37

2005 up
To 1959

522.08

569.58

564.58

623.47

Efficiency

571.36

578.02

566.77

556.01

1960-69

720.56

719.50

724.27

726.59

3 Bed

1 Bed

Denver-Southwest
862.37

885.33

944.58

978.20

1970-79

911.99

878.69

908.48

963.19

2 Bed, 1 Bath

1030.29

1037.53

1073.87

1061.49

1980-89

955.24

1063.49

1096.02

1085.74

2 Bed, 2 Bath

1208.09

1167.97

1306.18

1317.66

1990-99

3 Bed

2435.00

2370.00

2471.00

2000-04

1041.14

1069.83

1479.07

1463.56

All
Denver-West Central

982.70

Efficiency

639.24

664.50

681.92

1 Bed

676.14

679.92

702.22

2 Bed, 1 Bath

759.69

766.16

766.27

2 Bed, 2 Bath

2060.00

2060.00

2060.00

898.25

930.75

946.75

3 Bed

960.24

2005 up

1421.25

To 1959

865.00

916.67

973.33

997.97

1960-69

702.91

709.64

723.60

894.63

1970-79

825.50

913.00

884.00

790.84

1980-89
766.00

766.00

776.00

776.00

Denver-West Central

1990-99
912.50

876.07

2000-04

All
Denver County

711.90

721.18

734.48

869.81

To 1959

920.45

910.95

926.42

954.17

Efficiency

920.81

1035.47

946.85

967.63

2005 up
1960-69

883.22

887.41

893.56

970.78

1 Bed

995.39

1023.56

1020.35

1075.16

1970-79

820.95

856.07

877.54

910.96

2 Bed, 1 Bath

1011.01

1060.99

1072.75

1119.18

1980-89

1097.33

1211.73

1172.72

1201.99

2 Bed, 2 Bath

1404.81

1449.08

1451.92

1520.75

1990-99

1241.42

1314.45

1438.66

1433.33

3 Bed

1473.50

1575.54

1601.54

1824.68

2000-04

1345.69

1408.99

1426.85

1429.33

All

1092.97

1126.83

1118.11

1183.28

2005 up

1557.09

1593.16

1563.94

1674.03

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

1st

2014
2nd

3rd

4th

742.78
930.50
971.49
1223.16
1307.26

781.50
930.31
951.07
1228.89
1123.46

835.83
960.03
937.09
1206.96
1339.06

769.14
984.93
1019.58
1451.11
1383.01

839.00

882.00

901.00

1323.72

1850.18
1638.80
1446.35

1141.43
1707.45
1568.21

1249.26
1713.69
1451.03

1319.47
1745.95
1478.88

793.75
896.06
686.50
1203.13
1053.20
1277.69

1153.41
704.24
1230.88
1094.70
1349.11

1125.00
684.64
1323.31
997.36

766.50
726.01
1295.56
1005.81
1371.20

525.00

1500.00

799.09

866.67

867.40
1049.09
913.76

948.88
1168.91
972.00

664.29
899.68
1462.50
1789.51
1675.42

930.84
1124.08
1903.08
1648.13

909.30
1046.97
998.04

975.24
1081.89
1018.69

1500.00
943.43
1546.25

671.43
952.96
1103.55
1916.12

1678.54

842.50
780.38

918.46

1207.03
858.22

1559.81
1223.19
938.39

1634.70
1230.82
844.81

1617.51
1210.13
952.92

709.38
1001.92
1631.51
1415.51

727.91
1058.26
1518.66
1391.66

749.77
1079.07
1582.74
1423.39

729.17
1072.82
1609.45
1423.39

925.00
954.67

927.78
1057.54

927.78
1010.84

1091.39
1715.55

1237.38
1288.72
1702.01

1361.74
778.17
1723.26

938.89
1013.17
916.14
1246.32
920.12
1725.26

960.89
946.71
840.77
792.00

970.54
968.92
864.55
863.43

821.88
976.23
999.32
897.99
774.75

822.63
963.45
1077.93
943.09
1044.13

784.38
561.18
691.67
720.56
1031.28
1008.15

840.63
608.43
713.24
719.50
1022.76
1035.83

740.63
620.59
755.05
724.27
1145.37
1050.57

868.13
619.61
726.67
726.59
1133.46
1119.52

865.00
761.72

916.67
809.24

973.33
807.76

776.00

756.10
674.89

775.23
674.89

791.17
687.82

1236.16
686.86

749.47
922.48
962.17
1102.65
1197.56

797.47
951.30
947.85
1133.09
1184.64

840.06
960.41
975.22
1116.41
1190.65

777.29
974.99
1000.07
1242.20
1255.40

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
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

2014
2nd

1st

697.73
937.25
1288.00
1671.16
1488.00
941.80

721.00
960.03
1287.22
1777.69
1738.00
983.55

793.60
1010.35
1335.86
2001.74
2003.63
1039.05

1282.13
1441.42
1346.42
1773.44
2013.50
1520.38

1464.30
1544.93
1406.14
1846.11
2013.50
1580.97

1147.56
1422.78
1413.62
1836.20
2013.50
1491.62

1246.12
1398.33
1570.64
1879.05
2012.17
1580.72

829.75
955.05
943.66
1413.48
1703.69
1109.33

912.25
1077.86
1018.66
1363.47
1828.69
1231.56

838.09
1015.75
1363.00
1498.00
1014.77

932.75
1128.19
1042.74
1446.54
1881.17
1150.90

691.45

707.95

726.90

748.29

780.48

799.99

797.44

883.57

885.00
1054.80
1244.19
885.46

909.91
1256.40
1391.36
934.69

977.54
1235.12
1409.81
960.71

985.66
1162.76
1393.29
974.65

645.74
1488.29
1288.00
2001.18
2011.16
1494.40

804.00
1437.85
1282.00
1999.02
2011.16
1439.65

645.35
1436.16
1307.00
2011.66
2010.38
1437.50

784.68
1370.89
1300.00
2010.62
1280.00
1357.43

568.04
927.44
690.06
1170.40
1292.05
940.78

568.04
992.64
939.81
1224.95
1543.60
1014.16

1013.00
621.81
712.53
1193.23
948.94
957.03

963.00
1026.23
715.84
1426.89
1538.00
1047.48

1312.14
1491.43
1044.00
2006.18

1311.57
1461.34
1189.24
2007.10

1314.67
1512.26
1193.14
2007.10

1314.67
1535.51
1189.71
2007.10

1316.77

1318.56

1387.36

1385.09

1279.82
875.00
1783.41
2002.28
739.33
992.80

1286.93
1087.63
1864.03
1773.67
740.81
1248.50

1014.20
916.36
1791.09
1667.80
739.93
1001.00

993.54
924.61
1790.74
1679.69
2011.42
1090.71

611.97
745.97
886.38
999.70
1402.50
826.85

677.75
781.83
918.44
986.23
1452.50
873.91

878.16
812.64
944.03
1015.02
1427.50
895.04

670.15
881.34
993.24
1180.56
1452.50
950.71

587.00
895.56
1056.22
1131.11
2013.50
925.80

599.00
886.30
1026.33
1164.67
943.77

610.11
939.25
1101.80
1293.22
2013.50
1012.46

610.25
977.40
1091.00
1218.22
2013.50
1012.79

660.75
621.89
740.00
2013.50
891.00
732.47

685.75
620.56
740.00
2013.50
900.00
733.79

710.75
645.56
740.00
2013.50
925.00
733.79

1085.75
645.56
738.84

834.31
905.13
903.88
1249.14
1343.54
972.35

889.64
926.17
983.13
1351.89
1495.81
1018.54

891.19
930.98
986.53
1327.40
1438.00
1003.56

884.73
973.35
1028.56
1436.34
1532.10
1076.41

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

4th

693.69
945.92
1247.60
1654.20
1382.00
964.00

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

Average rent minus rental losses equals effective rent.

3rd

913.00
742.45

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

1st

2014
2nd

Average Rent Per Square Foot by Apartment Unit Size


by Market Area for Denver County
(In Dollars)

3rd

4th

County
Apartment Square Feet
Denver-Central/Capitol Hill

1.75
1.67
1.51
1.49
1.13
1.64

1.76
1.66
1.52
1.63
1.17
1.65

1.81
1.69
1.57
1.43
1.22
1.68

1.88
1.74
1.63
1.65
1.66
1.74

499 below
500 to 749
750 to 999
1000 above

1.87
1.81
1.61
1.65
1.36
1.75

1.98
1.90
1.52
1.73
1.41
1.75

1.92
1.91
1.66
1.74
1.69
1.85

1.95
1.94
1.83
1.76
1.66
1.88

499 below
500 to 749
750 to 999
1000 above

1.42
1.33
1.18
1.25
1.27
1.28

1.71
1.46
1.27
1.25
1.29
1.36

1.37
1.28
1.36
1.26
1.33

1.68
1.46
1.31
1.33
1.34
1.40

499 below
500 to 749
750 to 999
1000 above

1.51
1.17
1.08
1.11
1.05
1.16

1.61
1.27
1.11
1.23
1.05
1.25

1.58
1.27
1.19
1.21
0.99
1.26

1.64
1.33
1.20
1.22
1.07
1.30

499 below
500 to 749
750 to 999
1000 above

1.75
1.79
1.11
1.82
1.61
1.78

2.06
1.83
1.20
1.85
1.70
1.87

1.77
1.81
1.25
1.91
1.64
1.81

2.06
1.96
1.11
1.75
0.85
1.91

499 below
500 to 749
750 to 999
1000 above

1.09
1.19
0.98
1.09
1.04
1.11

1.09
1.31
1.16
1.15
1.13
1.21

2.00
1.22
0.95
1.15
0.89
1.15

1.90
1.33
0.99
1.30
1.07
1.26

499 below
500 to 749
750 to 999
1000 above

2.51
1.72
1.52
2.02

2.55
1.67
1.60
2.02

2.57
1.73
1.58
2.03

2.57
1.74
1.55
2.04

1.78

1.76

1.80

1.80

1.95
1.60
1.56
1.64
0.86
1.50

2.07
1.71
1.74
1.59
0.98
1.57

1.97
1.55
1.63
1.50
0.91
1.45

1.96
1.55
1.64
1.53
2.06
1.63

499 below
500 to 749
750 to 999
1000 above

1.44
1.13
0.99
0.98
1.02
1.07

1.51
1.18
1.06
1.04
1.06
1.13

1.84
1.24
1.11
1.07
1.07
1.21

1.56
1.31
1.17
1.18
1.06
1.26

499 below
500 to 749
750 to 999
1000 above

1.82
1.24
1.09
1.17
1.64
1.22

1.63
1.26
1.09
1.11

1.98
1.38
1.11
1.24
1.67
1.32

499 below
500 to 749
750 to 999
1000 above

1.21

1.75
1.34
1.16
1.23
1.60
1.30

1.83
1.40
1.17
2.17
1.14
1.34

1.90
1.43
1.18
2.17
1.18
1.36

1.95
1.48
1.18
2.17
1.20
1.39

2.85
1.88
1.24

1st

2014
2nd

3rd

4th

1.80
1.62
1.61
1.37

1.82
1.62
1.60
1.31

1.88
1.63
1.62
1.41

1.94
1.68
1.70
1.64

2.05
2.01
1.77
1.53

1.78
2.10
1.86
1.38

2.01
2.09
1.80
1.61

2.07
2.16
1.82
1.63

1.34
1.22
1.24

1.49
1.30
1.25

1.37
1.28
1.31

2.15
1.45
1.35
1.32

1.58
1.20
1.12
1.11

1.57
1.28
1.22
1.22

1.59
1.29
1.24
1.20

1.70
1.36
1.26
1.19

1.82
1.90
1.75
1.77

2.06
1.94
1.79
1.81

1.85
2.08
1.65
1.81

2.08
1.83
1.90
1.72

1.14
1.07
1.11

1.21
1.24
1.18

1.23
1.03
1.17

1.34
1.11
1.29

2.50
1.65
1.84
1.66

2.56
1.62
1.84
1.61

2.58
1.67
1.86
1.67

2.58
1.68
1.85
1.67

1.74
1.72
1.43
1.31

1.77
1.72
1.79
1.34

1.79
1.79
1.24
1.23

1.82
1.77
1.27
1.70

1.46
1.14
1.01
0.99

1.51
1.17
1.08
1.05

1.83
1.26
1.13
1.02

1.56
1.33
1.16
1.21

1.80
1.28
1.10
1.19

1.73
1.27
1.13
1.10

1.75
1.30
1.26
1.25

1.98
1.34
1.24
1.27

1.52
1.19
1.08
0.64

1.54
1.19
1.16
0.64

1.59
1.19
1.16
0.65

2.12
1.24

1.75
1.40
1.32
1.26

1.77
1.44
1.40
1.26

1.83
1.49
1.38
1.32

1.94
1.56
1.43
1.40

Denver-Downtown

Denver-East Central/Lowry

Denver-Far SE

Denver-N Central/City Park

Denver-Northeast

Denver-Northwest
499 below
500 to 749
750 to 999
1000 above
Denver-S Central/Wash Park

Denver-Southeast

Denver-Southwest

Denver-West Central

1.30
1.74

499 below
500 to 749
750 to 999
1000 above

0.65

Denver County
1.72
1.41
1.16
1.30
1.12
1.36

1.78
1.46
1.22
1.35
1.17
1.41

1.85
1.48
1.24
1.37
1.16
1.44

1.90
1.55
1.28
1.42
1.31
1.51

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)

2014
2nd

3rd

4th

Up to 8

6.3

0.7

-1.4

-1.3

9 - 50

7.8

-3.3

11.2

6.6

Type

1st

2nd

3rd

4th

Size (in units)

Size

51 - 99

2014

Building

1st

Building Type

Up to 6
9 - 50

7.1

3.0

-0.1

1.1

11.1

4.2

14.7

10.3

4.1

1.2

-0.8

5.8

51 - 99

9.2

5.3

1.7

9.3

100 - 199

18.0

9.4

7.9

4.2

100 - 199

24.8

16.0

11.4

11.5

200 to 349

10.0

10.4

6.8

6.6

200 to 349

20.5

17.6

10.2

11.0

3.9

6.7

3.1

14.2

8.6

10.6

6.8

18.2

To 1959

12.9

6.2

10.2

5.6

To 1959

20.9

13.5

12.4

8.0

1960-69

3.9

-3.4

-2.3

6.9

1960-69

8.2

2.6

1.4

10.1

350 up

350 up
Age (year built)

Age

1970-79

8.3

10.6

10.9

9.5

1970-79

12.5

13.9

13.5

12.8

1980-89

11.9

5.5

4.4

6.3

1980-89

17.0

10.5

8.9

11.5

1990-99

22.2

4.9

4.3

2.4

1990-99

25.4

8.6

11.0

8.1

2000-04

5.0

7.5

-0.6

29.2

2000-04

10.1

10.9

3.0

33.9

2005 up

3.0

10.2

7.2

3.1

2005 up

20.8

23.0

10.8

11.1

Market Area
Denver-Central/Capitol Hill

8.1

8.6

7.4

1.9

Market Area
Denver-Central/Capitol Hill

14.4

15.0

9.7

8.9

Denver-Downtown

1.1

5.5

3.4

16.7

Denver-Downtown

12.9

13.2

7.7

21.2

6.6

7.0

12.2

3.9

Denver-East Central/Lowry

12.1

11.4

16.0

10.7

16.4

8.8

8.9

8.4

Denver-Far SE

21.6

12.4

12.1

12.6

Denver-East Central/Lowry
Denver-Far SE

9.8

7.5

3.7

6.4

Denver-N Central/City Park

15.4

11.6

5.9

8.8

Denver-Northeast

Denver-N Central/City Park

27.4

12.0

1.8

7.1

Denver-Northeast

30.3

16.8

5.4

10.4

Denver-Northwest

Denver-Northwest

36.8

26.2

10.7

3.7

Denver-S Central/Wash Park

11.9

27.0

4.3

1.2

16.9

14.2

8.1

0.5

Denver-S Central/Wash Park

3.1

8.5

-2.8

-4.5

Denver-Southeast

3.4

5.9

5.8

11.9

Denver-Southeast

6.8

9.3

9.4

15.7

Denver-Southwest

9.7

8.6

11.4

8.2

Denver-Southwest

19.6

10.5

13.2

11.1

-4.2

-7.0

-13.6

31.3

Denver-West Central

-1.0

-4.3

-10.3

33.1

9.5

8.5

5.8

9.1

Average

16.3

14.1

9.2

13.7

Denver-West Central
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

1 Bed

2 Bed
1 Bath

817.56
1253.47
812.74
827.54
765.52
966.00
1325.58
1013.25
683.35
556.01
997.97
967.63

1088.75
1482.27
990.55
931.47
1420.84
902.56
1310.26
1035.99
881.52
978.20
894.63
1075.16

1338.47
1649.42
1124.78
1034.51
1199.38
799.89
1280.63
1571.08
1046.96
1061.49
790.84
1119.18

650.00

733.21

1233.33

375.00

675.00
978.57

761.67
1100.00

512.50

802.83

871.25

731.05

1261.35
1657.30
825.00
900.00
1199.38
984.50
1138.18
1066.50
1021.00

429.74

957.08
1237.52
773.75
800.00
1015.05
698.33
950.62
876.94
756.50
759.50

718.66

939.52

848.82
1253.47
918.12
827.54
778.00
966.00
1343.19
1083.36
683.35
606.00
997.97
1002.07

514.17

2 Bed
2 Bath

1824.96
1948.46
1449.77
1236.46
2069.75
1394.76
2030.14
1865.44
1179.75
1317.66
1520.75

3 Bed

2297.65
2688.15
1761.96
1397.58
1216.00
1549.00
3218.86
1284.13
2471.00
912.50
1824.68

Other

1571.00
2257.54
1260.10
848.75
701.45
2758.82
739.29
776.00
1390.41

1153.33

1153.33

1185.00
1724.50

445.00
500.00

706.88
938.89

472.50

822.50

1310.71

1000.00
1216.00

848.75

1200.00
1700.00

1350.00

2900.00

1202.43

1285.21

1257.50

776.00
1496.13

1201.56
1486.58
1021.24
931.92
1636.97
903.22
1328.84
1090.20
882.62
987.03
894.63
1092.13

1413.76
1648.97
1138.06
1038.79

1866.69
1948.74
1449.77
1236.46
2167.03
1394.76
2426.34
1876.91
1179.75
1317.66

2728.54
2688.15
1761.96
1399.86

980.64
1247.30
600.00
986.67

1302.19
1514.66
700.00
1186.03
1570.17

1343.19
1195.32
660.34
606.00
1089.00
1096.45

1706.20
1226.08
756.62
773.00
1303.00
1363.69

774.49

VI-15

795.92
1748.70
1613.33
1047.14
1061.49
790.84
1111.91

1145.04
1608.74
1193.43
1023.03
1351.79
1033.90
1360.56
1312.38
979.37
1069.83
869.81
1183.28

860.71

870.00

753.25

All

1571.00
2257.54
1260.10

1549.00
710.00

1523.25

3362.62
1284.13
2471.00
912.50
1844.20

1447.99
1643.05
800.00
1427.00
870.00

1898.44
1999.49
825.00
1180.05
2069.75

2909.41
2707.00
980.00
1400.00
1090.00

1571.00
2190.92

2044.15
1956.57
930.93
853.00
1551.00
1511.26

2445.56
1954.95
941.00

3362.62
1037.50

2900.00
675.00

1811.93

1972.58

1961.82

739.29

1370.41

1675.00
848.75

977.47
1323.72
766.50
866.67
942.75
918.46
1117.82
1046.92
822.63
653.31
776.00
969.57

1251.87
1611.87
1225.89
1023.87
1600.84
1034.62
1411.95
1378.06
980.30
1082.72
876.07
1203.89

1412.88
1644.79
760.12
1212.63
1680.32
1760.04
1621.18
812.65
726.59
1236.16
1475.93

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

1158.63

1196.13

1358.69

1624.41

2029.35

1345.26

809.00

992.17

1011.15

1392.95

1614.50

1061.67

283.59

Patio or Balcony

1071.59

1111.90

1122.04

1527.49

1837.24

1232.51

729.54

918.73

1108.16

1184.64

1364.46

931.03

301.48

Fireplace

1082.15

1046.46

1137.40

1433.32

1803.57

1184.59

877.43

1108.53

1102.44

1722.42

1878.24

1181.62

2.97

Nine-Foot Ceilings

1204.21

1221.66

1389.39

1595.02

2071.31

1372.18

765.28

949.13

997.30

1339.02

1458.22

996.76

375.42

Swimming Pool

1045.05

1073.02

1088.02

1487.80

1826.17

1198.08

855.88

1081.23

1243.03

1946.20

1806.05

1131.99

66.09

Spa or Sauna

1093.04

1150.81

1279.78

1585.22

1947.89

1306.21

905.91

1017.77

1039.99

1425.82

1671.59

1084.41

221.79

Exercise Room

1087.84

1123.44

1131.19

1538.87

1851.60

1244.65

717.64

904.41

1068.59

1165.90

1260.52

916.78

327.88

Sport Court

937.52

948.95

1033.54

1295.27

1616.77

1066.27

972.57

1121.02

1151.94

1632.08

1913.70

1226.54

-160.27

Microwave

1184.81

1249.54

1344.65

1658.19

2126.55

1393.96

850.39

907.13

1021.91

1252.62

1396.80

980.74

413.22

Washer/Dryer Hookups

1195.91

1160.07

1121.42

1608.33

2155.49

1298.41

826.79

1013.89

1117.66

1421.18

1523.84

1093.47

204.94

Garbage Disposal

1004.15

1078.95

1117.00

1520.63

1827.50

1194.73

719.45

1023.59

1166.63

1533.86

1456.25

991.72

203.00

Dishwasher

1062.04

1098.80

1128.45

1522.44

1838.38

1219.06

735.36

897.53

1042.49

1175.81

1116.25

879.05

340.01

Air Conditioning

1041.34

1096.28

1129.49

1524.19

1847.76

1213.74

698.53

887.54

1030.60

1224.25

1172.08

878.60

335.14

983.44

1100.35

1073.09

1532.43

1926.24

1195.25

919.28

1010.91

1190.36

1492.25

1638.49

1154.89

40.36

Attached Garage

1162.16

1325.39

1520.56

1673.02

2233.82

1455.55

909.18

1025.87

1096.66

1467.39

1652.64

1123.95

331.60

Covered Parking

1087.14

1151.22

1203.69

1557.40

1956.81

1274.05

757.56

914.59

1005.11

1347.39

1473.24

979.08

294.97

Clubhouse

1057.08

1129.72

1138.80

1554.97

1915.40

1254.70

857.85

948.42

1074.75

1295.25

1437.33

998.28

256.42

Business Center

1110.30

1138.27

1109.45

1598.88

1981.72

1268.46

865.93

971.03

1133.15

1303.49

1563.74

1043.40

225.06

Pets Allowed

1019.29

1107.75

1145.33

1537.85

1855.32

1223.42

677.72

864.46

975.87

1073.10

1121.25

876.72

346.70

Resident Pays Sewer/Water

1091.86

1134.85

1098.44

1549.84

1903.48

1249.49

765.02

918.48

1163.88

1300.49

1576.48

991.91

257.58

Unit Security/Alarm System

1127.14

1318.55

1710.73

1714.31

1988.65

1488.42

942.85

1043.86

1072.74

1476.00

1767.65

1137.87

350.55

Handicapped Access

1190.23

1225.74

1264.05

1715.49

2026.92

1368.21

763.68

925.22

1008.69

1231.37

1491.33

988.77

379.44

Heat Included in Rent

728.46

890.28

1091.04

1105.70

1376.00

929.90

1049.22

1099.90

1123.72

1541.94

1904.98

1217.50

-287.60

Ceiling Fan

VI-16

Apartment Unit Absorption by Quarter and Year for Denver County

2011

2012

2013

2014

First
106239
41
106280
4.9%
101072
5208
357
106751
276
107027
4.2%
102521
4506
849
107822
0
107822
5.4%
102042
5780
833
109399
124*
109523
6.8%
102039
7484
-665

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
106280
190
106470
4.1%
102105
4365
1032
107027
135
107162
4.8%
102055
5107
-466
107822
0
107822
4.6%
102898
4924
856
109523
764*
110287
5.6%
104061
6226
1357

Third
106470
66
106536
4.1%
102124
4412
20
107162
573
107735
4.3%
103109
4626
1054
107822
0 1577*
107822
4.6%
102901
4921
3
110287
1240*
111527
3.5%
107648
3879
3587

Fourth
106536
215
106751
4.8%
101672
5079
-452
107735
87
107822
6.1%
101209
6613
-1900
107822
109399
6.1%
102704
6695
-197
111527
890
112417
4.6%
107237
5180
-411

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
2007 1st
2nd
3rd
4th
2008 1st
2nd
3rd
4th
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
*numbers were revised to reflect a change in data sources

Units Added

102938
102938
102938
103017
103054
103054
103255
103406
103609
104703
105312
105917
106086
106093
106093
106093
106239
106280
106470
106536
106751
107027
107162
107735
107822
107822
107822
107822
109399
109523
110287
111527

VI-17

0
0
79
37
0
201
151
203
1094
609
605
169
7
0
0
146
41
190
66
215
276
135
573
87
0
0
0
1577*
124*
764*
1240*
890

Ending
Inventory
102938
102938
103017
103054
103054
103255
103406
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

Year-End
106239
512
106751
4.8%
101672
5079
957
106751
1071
107822
6.1%
101209
6613
-463
107822
1577
109399
6.1%
102704
6695
1495
109399
3018
112417
4.6%
107237
5180
3868

Monthly Resident Turnover


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

2014
Building Type

1st

2nd

3rd

4th

Up to 8

1.9

2.9

13.1

0.0

9 - 50

4.2

3.6

6.5

2.9

Size

51-99

3.6

3.4

2.7

4.1

100 - 199

3.3

4.9

4.7

3.2

200 to 349

3.4

5.2

9.2

4.0

350 up

3.4

5.2

7.2

3.9

2.0

4.5

5.8

3.0

Age
To 1959
1960-69

4.3

4.7

5.0

3.4

1970-79

3.8

4.4

8.8

3.3

1980-89

4.2

5.6

6.9

3.6

1990-99

3.0

5.8

6.7

4.7

2000-04

3.2

5.4

6.5

4.4

2005 up

2.7

5.0

9.5

4.2

Market Area
Denver-Central/Capitol Hill

2.9

4.8

6.7

3.5

Denver-Downtown

3.3

5.5

5.8

3.9
4.6

Denver-East Central/Lowry

2.5

5.8

6.3

Denver-Far SE

3.4

5.3

10.4

4.1

Denver-N Central/City Park

7.7

4.2

5.3

4.8

Denver-Northeast

3.4

4.3

6.7

3.8

Denver-Northwest

2.6

5.1

3.1

3.3

Denver-S Central/Wash Park

4.6

4.6

23.3

4.0

Denver-Southeast

3.7

4.6

5.2

2.9

Denver-Southwest

3.8

4.6

4.3

2.3

Denver-West Central

3.9

9.9

17.0

7.4

County Average

3.5

5.0

7.6

3.8

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

Percent Vacant

1
1

Percent Vacant

Total

Three Bedroom

Percent Vacant

Total

Other

Percent Vacant

Total

Total
Percent Vacant

Total

0.0%

50.0%

1
1

0.0%

Percent
1
2

0.0%
50.0%

0.0%

4
1
10

0.0%
0.0%
0.0%

4
1
9

0.0%
0.0%
0.0%

0.0%

0.0%

0.0%

0.0%

0.0%
0.0%
0.0%
2.2%
4.5%
0.0%
5.2%
0.0%
1.5%
7.1%
1.6%
0.0%
1.0%
2.2%
6.3%
1.6%
15.2%
40.0%
0.0%
1.1%
13.3%
0.0%
2.6%

72

4.2%

3
1
2
13
3
4
8
4

8
69
33
47
346
34
91
138
59
35

0.0%
4.3%
3.0%
4.3%
3.8%
8.8%
4.4%
5.8%
6.8%
0.0%

0.0%
0.0%
0.0%
8.0%
2.3%
3.1%
0.6%
2.2%
3.4%
6.3%
3.0%
1.0%
2.9%
3.9%
3.0%
3.8%
1.2%
3.3%
2.2%
3.8%
7.6%
5.6%
5.9%
3.6%
3.2%
0.0%
2.0%
2.6%
5.2%
5.5%
0.0%
4.3%
5.5%
3.6%
0.0%
4.4%
3.2%
4.7%
0.0%
2.6%
5.7%
14.3%
5.7%
0.0%
27.3%
1.0%
4.4%
3.3%
6.3%
3.8%
5.6%
0.8%
4.4%

0.0%

2
1
5
25
86
445
155
183
145
48
233
208
1197
359
983
531
1211
584
314
1153
394
553
780
366
157
14
293
38
173
200
14
210
310
669
3
653
774
64
15
115
228
21
122
17
392
102
45
276
176
26
36
129
248

29
21
8
45
22
80
58
129
205
85
182
33
200
136
48
62
33
10
23
92
15
5
117

32
22
13
70
109
525
215
317
358
560
539
284
1447
547
1036
636
1319
842
571
1413
1114
938
1344
387
544
333
587
379
675
399
756
431
694
842
313
730
987
520
641
207
250
56
413
334
949
113
384
346
218
55
40
231
389

0.0%
0.0%
0.0%
4.3%
2.8%
2.7%
1.9%
1.3%
2.2%
3.0%
1.9%
1.4%
2.8%
4.0%
3.1%
3.6%
1.6%
3.7%
2.1%
3.4%
3.9%
4.4%
6.0%
3.4%
4.4%
6.0%
2.6%
6.1%
4.4%
5.0%
4.0%
6.0%
5.6%
3.9%
8.9%
4.4%
3.5%
2.9%
8.0%
2.9%
5.2%
7.1%
6.1%
9.3%
12.3%
1.8%
6.3%
3.8%
7.3%
3.6%
5.0%
2.6%
4.1%

18
27

11.1%
0.0%

118
80
270
10
14
4
21
1348
29344

5.9%
3.8%
7.4%
20.0%
0.0%
0.0%
0.0%
10.9%
4.6%

1
1
3
3
6
3
2
3
3
1
5
4
1
2

132

3.8%

3
8
5

33.3%
0.0%
20.0%

0.0%

2
2
14
1
4
5
3
7
2
35
14
29
20
15
19
7
44
30
31
46
13
5
6
1
9
11
9
17
24
29
25
3
3
13
3
7
107
1
2
9
11
1
2
1
11
2

90

2744

3.3%

3
658

1
7
2
3
43
15587

0.0%
0.0%
0.0%
0.0%
7.0%
4.2%

7
2
3

2
1
8
1
3
8
5
30
6
20
4
2
1
3
5
16
5
6
2
2

1
11
1
1

1
1
3

3
2

9
175

0.0%

0.0%

0.0%

7
397
124
42
22
17
1
23
68
243
134
167
558
115
324
3
80
244
48
3
41
41
152
78
151
20
76
1
124
40
49
21
11
2
24
87
87
2

0.0%
1.8%
0.0%
4.8%
13.6%
0.0%
0.0%
8.7%
1.5%
3.3%
0.7%
1.8%
1.4%
4.3%
9.3%
0.0%
7.5%
8.2%
8.3%
0.0%
4.9%
2.4%
2.0%
6.4%
10.6%
0.0%
6.6%
0.0%
4.8%
5.0%
4.1%
0.0%
0.0%
0.0%
4.2%
12.6%
1.1%
50.0%

3
26
2
12
43

0.0%
3.8%
0.0%
8.3%
7.0%

1
53
31
9
7

0.0%
5.7%
0.0%
22.2%
0.0%

7
89
3915

0.0%
10.1%
4.5%

1
4
35
4
13
5

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

100
1
143
264
117
18
233
75
238
269
384
111
216
77
137
14
174
40
5
284
505
60
3

4.0%
0.0%
2.1%
1.9%
1.7%
0.0%
4.3%
0.0%
2.1%
7.1%
3.4%
5.4%
6.0%
11.7%
1.5%
7.1%
10.9%
7.5%
20.0%
1.8%
8.5%
3.3%
0.0%

11
10
9

206
220
470

5.3%
4.5%
1.9%

22
4
5

339
64
28
3
2
90
97

6.5%
6.3%
17.9%
0.0%
0.0%
4.4%
2.1%

3
5
2
10
5
19
13
6
13
9
2
1
19
3
1
5
43
2

4
2

0.0%

4
1
6

0.0%
0.0%
0.0%

0.0%

0.0%

28

3.6%

5
1
1
1
84

0.0%
0.0%
0.0%
0.0%
3.6%

72
8

8.3%
0.0%

28
61

0.0%
9.8%

10

0.0%

0.0%

92

5.4%

0.0%

11

181

6.1%

58

15.5%

106
359

10
1027
6359

0.0%
10.3%
5.6%

19
44

2
1
147
527

0.0%
0.0%
12.9%
8.3%

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

VI-19

5
1
30

0.0%
0.0%
3.3%

24

0.0%

7
2

0.0%
0.0%

42

11.9%

32

0.0%

10

100.0%

6
9

0.0%
0.0%

3
3
14
4
4
8
17
10
4
40
22
32
23
21
31
12
48
43
41
81
13
24
20
15
23
30
20
30
26
39
33
28
32
35
15
51
6
13
4
25
31
117
2
24
13
16
2
2
6
16
7
3
20
2

10
26

42
212

23.8%
12.3%

147
1352

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

3
3
1

2
2

Total

Three Bedroom

Percent Vacant

Total

Other

Percent Vacant

Total

Total
Percent Vacant

Total

0.0%

Percent

0.0%

0.0%

0.0%

0.0%

0.0%

0.0%

28
4
3
40
18
25
57
11
128
31
22
5
30
93
39
62
3
1
4

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
5.3%
0.0%
0.0%
3.2%
0.0%
0.0%
0.0%
3.2%
7.7%
1.6%
0.0%
0.0%
0.0%

0.0%

2
3
95

100.0%
0.0%
2.1%

30
4
6
40
46
29
69
17
152
87
83
38
143
147
98
125
159
169
142
171
184
105
206
124
67
11
50
58
137
34
70
22
89
191
34
171
199
19
12
59
45
2
35
12
198
87
1
51
3
26
2

0.0%
0.0%
0.0%
0.0%
2.2%
0.0%
4.3%
0.0%
0.0%
5.7%
0.0%
0.0%
0.7%
2.7%
6.1%
0.8%
1.3%
1.2%
4.2%
1.2%
8.2%
5.7%
4.4%
3.2%
3.0%
0.0%
2.0%
1.7%
4.4%
5.9%
0.0%
4.5%
5.6%
2.6%
11.8%
6.4%
5.0%
0.0%
0.0%
3.4%
2.2%
0.0%
0.0%
83.3%
46.5%
1.1%
0.0%
3.9%
0.0%
3.8%
0.0%

0.0%

1
2

0.0%
0.0%

2
10
227
4315

0.0%
0.0%
32.6%
6.9%

3
23
2
7
16
34

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

1
1
3
2
2
6
2
13
6
7
4
1
1
1
6

0.0%

28
4
11
6
24
45
57
33
113
51
57
60
153
166
134
167
144
95
103
117
49
4
31
21
124

3.6%
0.0%
0.0%
0.0%
0.0%
6.7%
0.0%
0.0%
0.9%
2.0%
5.3%
0.0%
1.3%
1.2%
4.5%
1.2%
9.0%
6.3%
6.8%
3.4%
2.0%
0.0%
3.2%
4.8%
4.8%

12

0.0%

1
1

0.0%

11
4

9.1%
0.0%

3
1
3
3
2
4
3
35
6
2
3
12
4
5
3
5
24
34
17
28
20
28
1
59

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
8.3%
0.0%
0.0%
0.0%
0.0%
4.2%
0.0%
5.9%
7.1%
0.0%
14.3%
0.0%
5.1%

11
18
10
2
3
2
79
1

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
100.0%

1
4

16
168

6.3%
2.4%

11
6

169
135
8

6.5%
4.4%
0.0%

2
1

41
32

4.9%
3.1%

31

0.0%

94
86

96.8%
0.0%

1
2
4

91

16

Percent Vacant

790

2.0%

176

2598

6.8%

2
17

26
1

3.8%
0.0%

0.0%

1
2

0.0%
0.0%

6
491

33.3%
3.5%

0.0%

1
1

0.0%
0.0%

6
4
6
3
11
11
4
3
6
5
9
3
6

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
22.2%
33.3%
0.0%

5
11
1

20.0%
0.0%
0.0%

0.0%

0.0%

25

4.0%

1
51
1

0.0%
3.9%
0.0%

0.0%

2
1

2
1

1
4
6
1
2
2
6
2
15
6
9
4
2

0.0%
0.0%

0.0%

0.0%

0.0%

0.0%

1
1
6
2
1
5
5
4
11
10

2
1

10

10

100.0%

10
92
1
2

0.0%
1

59
66

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

VI-20

10
202
392

0.0%
29.2%
16.8%

13
13

0.0%

0.0%

19
34

68.4%
38.2%

10

10

100.0%

74
298

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

75

Percent Vacant

Two Bedroom
Two Bathroom

Percent Vacant

Total

18
106

0.0%
0.0%

26

23.1%

0.0%

0.0%

16
1
2
9
11
1
2

4
433
3
332
497
1
2
1
196
21
14
14
290
15
35
275
172
26
34

0.0%
3.7%
0.0%
5.1%
3.0%
0.0%
0.0%
0.0%
6.1%
14.3%
0.0%
0.0%
5.5%
6.7%
5.7%
3.3%
6.4%
3.8%
5.9%

11

179

6.1%

16
26

12.5%
0.0%

1
6

0.0%
0.0%

29
2775

10.3%
4.6%

6
1

100.0%

1
1
1
10

18
31
39
312

5.6%
3.2%
2.6%
3.2%

4
7
2

57
95
40
34

7.0%
7.4%
5.0%
0.0%

129

3.9%

8
4

0.0%
25.0%

0.0%

17

16
17
15

12
3

11
1

33

851

Percent Vacant

Total

Three Bedroom

Percent Vacant

Total

Other

Percent Vacant

Total

Total
Percent Vacant

Total

0.0%

Two Bedroom
One Bathroom

3.9%

3
127

13

0.0%

10
1
1

0.0%
0.0%
0.0%

1
77
8
1

0.0%
14.3%
12.5%
0.0%

75

0.0%

18
106

0.0%
0.0%

6
1

26
1

23.1%
100.0%

1
1
1
10

18
32
56
314

5.6%
3.1%
1.8%
3.2%

4
23
2
17
15
5

61
528
43
366
497
130
12
2
205
25
15
91
742
24
178
275
184
26
36
12
277

6.6%
4.4%
4.7%
4.6%
3.0%
3.8%
0.0%
0.0%
5.9%
16.0%
0.0%
12.1%
3.4%
4.2%
9.0%
3.3%
6.0%
3.8%
5.6%
8.3%
4.7%

11

115
43
210
1
6

6.1%
0.0%
5.2%
0.0%
0.0%

40
250

772
5522

5.2%
4.5%

12
4

444

1.8%

14

143

9.8%

0.0%

0.0%

1
12
1

0.0%
8.3%
0.0%

0.0%

97

2.1%

92

5.4%

17
29

0.0%
0.0%

11

181

6.1%

8
186

0.0%
7.0%

29
69

643
1602

4.5%
4.3%

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

VI-21

1
1

66
73

0.0%

0.0%

1.5%
1.4%

11
25
1
16
9
11
1
2
1
13
7

7
7

26
35

26.9%
20.0%

Percent

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

1
5

0.0%
0.0%

100.0%

Total

Two Bedroom
Two Bathroom

Percent Vacant

Total

Percent Vacant

Total

Three Bedroom

Percent Vacant

Total

Total
Percent Vacant

Total

0.0%
0.0%

20
22
16
19
41
52

10.0%
9.1%
0.0%
0.0%
0.0%
7.7%

6
4
25
47

16.7%
0.0%
12.0%
4.3%

160
4

6.3%
0.0%

16
66
1

0.0%
3.0%
0.0%

19

157

12.1%

10.0%
4.8%
0.0%
0.0%
0.0%
7.7%

2
2

6
4
5
13

16.7%
0.0%
0.0%
0.0%

10

160
4

6.3%
0.0%

10

66

3.0%

20
12

15.0%
0.0%

22

3
2

9.1%

0.0%
1

0.0%

12.1%

258
17

1.9%
0.0%

258
17

1.9%
0.0%

11

200

5.5%

11

200

5.5%

3
2
38
2

54
40
286
60

5.6%
5.0%
13.3%
3.3%

3
2

4.3%

157

Percent

1
6

20
21
16
19
41
52

2
1

19

23

Total

0.0%

Other

Percent Vacant

16

Two Bedroom
One Bathroom

36

903

4.0%

27

54
40

283

5.6%
5.0%

9.5%

36
2

250
60

14.4%
3.3%

140

4.3%

46

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

VI-22

472

9.7%

36

5.6%

30

6.7%

2
6

30
140

6.7%
4.3%

58

15.5%

58

15.5%

2
15

34
159

5.9%
9.4%

2
125

34
1840

5.9%
6.8%

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

3
5
2
1
1
1
24
9
20
147
28

0.0%
0.0%
50.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
2.0%
0.0%

36
2

0.0%
0.0%

30

16.7%

24

0.0%

20

0.0%

24

0.0%

28

7.1%

1
32
6
8
11
6
1
26
2
4
36

9
10

11

405

2.7%

160

0.0%
0.0%
0.0%
9.8%
0.0%
0.0%
0.0%
0.0%

49
858
123
550
18
566
110
21
318
39
54
497

2.0%
3.7%
4.9%
1.5%
0.0%
1.9%
5.5%
4.8%
8.2%
5.1%
7.4%
7.2%

122

3801

Two Bedroom
Two Bathroom

Percent Vacant

1
5
35
41
13
23
3
3

210
142

Two Bedroom
One Bathroom
Total

Percent Vacant

Total

Three Bedroom

Percent Vacant

Other

Percent Vacant

Total

Total
Percent Vacant

Total

0.0%
0.0%
14.3%
0.0%
9.5%
0.0%
0.0%
0.0%
0.0%
2.0%
1.3%
3.7%
3.8%
1.4%
0.0%
2.6%
4.0%
3.0%
6.7%
2.2%
3.1%
7.0%

1
15
14

261
24
48
178
161

3.8%
0.0%
2.1%
8.4%
8.7%

3
18
10

80
314
142

3.8%
5.7%
7.0%

48

12.5%

7
5
6

206
216
64
2

3.4%
2.3%
9.4%
0.0%

28
18
80

0.0%
5.6%
5.0%

195
6

4.1%
0.0%

283

6742

4.2%

3
1
32
6
8
22
240
12
48
87
36
102

0.0%
3.3%
0.0%
0.0%
1.1%
5.6%
8.8%

3
5
1

142
264
37

2.1%
1.9%
2.7%

18

0.0%

10

24

4.2%

23

4.3%

13
8

219
24
24
150
96

4.6%
0.0%
0.0%
8.7%
8.3%

54

3.7%
9

72

12.5%

48

12.5%

216

2.3%

1
2
9

28
2

7.1%
0.0%

18

5.6%

27

714

3.8%

80

5.0%

195

4.1%

72

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

VI-23

1567

4.6%

16
14
1
26
6
11
46

0.0%

10

5
1

3.3%
2

26

42

11.9%

32

0.0%

3.8%

84

3.6%

36

11.1%

28

0.0%
1
4

175

4.6%

0.0%

80

6.3%

Percent

3
6
7
36
42
14
47
12
23
147
77
858
159
552
18
618
350
33
390
269
354
656

4.3%
7.0%

4.2%

Total

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

Efficiencies

One Bedroom

Total

Total

Vacant

Percent Vacant

0.0%

31

0.0%

65
7
2

0.0%
0.0%
0.0%

Percent Vacant

Total

119

Three Bedroom

Percent Vacant

Total

Other

Percent Vacant

Total

Total
Percent Vacant

Percent

0.0%

0.0%

0.0%

0.0%

2
5
1

0.0%
0.0%
0.0%

17

0.0%

0.0%

49

0.0%

0.0%

65
7
3
15

0.0%
0.0%
0.0%
0.0%

9
13

44.4%
0.0%

17
8

0.0%
0.0%

17
9

5.9%
11.1%

0.0%

0.0%

8
70

0.0%
0.0%

138

0.7%

5
12

65
510

7.7%
2.4%

0.0%
1

0.0%
0.0%

0.0%

44.4%

3.4%

Total

1
1

Total

0.0%

2
9

Two Bathroom

Percent Vacant

Two Bedroom

One Bathroom

13

0.0%

16
8

0.0%
0.0%

17
7

5.9%
14.3%

70

0.0%

129

0.8%

282

1.1%

0.0%

0.0%

0.0%

0.0%

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

0.0%

65
80

7.7%
6.3%

1
1

0.0%

0.0%

0.0%

0.0%

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

10

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Percent Vacant

384

2.6%

0.0%

Total

68

Percent Vacant

Total

Three Bedroom

Percent Vacant

Total

10

75

13.3%

3
8

160
232

1.9%
3.4%

1.5%

32

927

Percent

10

384

2.6%

3
384

0.0%
1.6%

3
1
1

0.0%
0.0%
0.0%

0.0%

1
10

68
76

1.5%
13.2%

3
8
2
2

160
232
4
17

1.9%
3.4%
50.0%
11.8%

14

234

6.0%

128

0.0%

7
1

244
73

2.9%
1.4%

31

12.9%

72

2.8%

70

2115

3.3%

2
2

4
17

50.0%
11.8%

64

1.6%

11

Total

0.0%
0.0%
0.0%

13

170

7.6%

128

0.0%

244

2.9%

1.4%

3.5%

Total
Percent Vacant

3
1
1

68

Total

1.6%

7
73

Other

384

1.5%

Percent Vacant

475

2.3%

72

2.8%

22

614

3.6%

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

VI-25

31

31

12.9%

12.9%

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

0.0%
1

1
90
1

41

0.0%
2.3%

0.0%

0.0%

0.0%

0.0%

33.3%

0.0%

55

30

3.3%

3.6%

10

1
1

0.0%
0.0%

0.0%

0.0%

1
90
1
31
6
5
1
2

0.0%
3.3%
0.0%
3.2%
0.0%
0.0%
0.0%
0.0%

0.0%
0.0%
0.0%
0.0%
0.0%

0.0%

42

0.0%

0.0%

0.0%

0.0%

0.0%

33.3%

14.3%

0.0%

28
1

0.0%
0.0%

1
21

0.0%

0.0%

0.0%

Percent

1
6
5
1
2

0.0%

0.0%

43

0.0%

0.0%
3.3%
0.0%

11

Total

0.0%
1

Total
Percent Vacant

0.0%

43

2.3%

1
11
3

0.0%
0.0%
0.0%

33.3%

1
77
3
9
2
10
1
5

0.0%
9.1%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%

77
3
8
1
10
1
4

9.1%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%

0.0%

0.0%

69

0.0%

69

0.0%

2
1

0.0%
0.0%

0.0%

3
1

0.0%
0.0%

1
2
3
14
335

0.0%
0.0%
0.0%
0.0%
3.0%

0.0%

1
9
54

0.0%
0.0%
1.9%

2
2
4
66
540

0.0%
0.0%
0.0%
4.5%
3.1%

0.0%

0.0%

3
3

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

VI-26

43
65

7.0%
4.6%

31

3.2%

3
17

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

2
5

2
2

0.0%
0.0%

4
13
20
4

0.0%
15.4%
25.0%
0.0%

19

0.0%

0.0%

0.0%

13
2
1

0.0%
0.0%
0.0%

18
33

16.7%
9.1%

19

10.5%

0.0%
0.0%

4
24
20
4

0.0%
12.5%
25.0%
0.0%

68
50
59

1.5%
8.0%
0.0%

153
31
43

0.0%
6.5%
0.0%

97
18
28
14
119
10
23

0.0%
22.2%
0.0%
0.0%
5.0%
0.0%
0.0%

0.0%

3
3

18
33

16.7%
9.1%

2
4

10.0%
3.3%
0.0%
5.5%
0.0%

49
50
54

2.0%
8.0%
0.0%

1
4

153
31
40

0.0%
6.5%
0.0%

6
20

33.3%
0.0%

84
10
7

0.0%
20.0%
0.0%

101
10

3.0%
0.0%

10

30.0%

0.0%

4
0.0%
0.0%

18

0.0%

1
82
20
55
13

17

695

40

7.5%

10

0.0%

20
122
20
55
23

0.0%

0.0%

2
5

13
26
3

15.4%
19.2%
0.0%

2
5

13
26
3

15.4%
19.2%
0.0%

22.2%

8.6%

2
3

9
35

22.2%
8.6%

1.2%
0.0%
5.5%
0.0%

2.4%

0.0%

9.2%

2
2

1
4

163

0.0%

3
5

14
8

Percent

9.1%

15

0.0%

11

0.0%

3
3

Total

2
3

Total
Percent Vacant

0.0%

35

35

8.6%

35

8.6%

9
6

22.2%
0.0%

9
6

22.2%
0.0%

6
66
271

0.0%
10.6%
7.4%

7
168
1376

0.0%
13.1%
5.7%

7
20

10
22

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

VI-27

74
216

13.5%
10.2%

2
2

1
12
14

0.0%
16.7%
14.3%

3
3

16
17

18.8%
17.6%

22
79

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

Percent Vacant

0.0%

0.0%
1

89
24
11
9

0.0%
4.2%
0.0%
0.0%

11

18.2%

33.3%
0.0%
0.0%

170

3.5%

1
3
16
9
2
9

160
122
263
224
335
259

0.6%
2.5%
6.1%
4.0%
0.6%
3.5%

355

2.0%

11

110

10.0%

48

Two Bedroom
Two Bathroom

Percent Vacant

3
5
11

Two Bedroom
One Bathroom

6.3%

Total

Percent Vacant

Total

Three Bedroom

Percent Vacant

Total

146

2.1%

68

2065

3.3%

Other
Total

Total
Percent Vacant

Total

5
7
1

0.0%
0.0%

1
1

0.0%
0.0%

0.0%

1
3
99
42
12
179
2
176
135
266
244
384
259
217
411
291
146
136

0.0%
33.3%
0.0%
2.4%
0.0%
3.4%
0.0%
1.7%
4.4%
6.0%
4.5%
0.8%
3.5%
2.3%
1.9%
2.4%
7.5%
2.2%

156
41
108
314

9.0%
0.0%
5.6%
2.9%

40
61
61
12
160

0.0%
6.6%
23.0%
0.0%
8.8%

0.0%

70

5.7%

155

4035

3.8%

0.0%
1
6

1
4
13
3
7
5

0.0%
0.0%
23.1%
0.0%
0.0%
0.0%

100

4.0%

74

1.4%

6
5

48
41
108
263

0.0%
0.0%
5.6%
1.9%

40

0.0%

3
2
1

13
42

15.4%
2.4%

1
1
7
2

117
56
291
36
56

0.9%
1.8%
2.4%
0.0%
3.6%

14

108

13.0%

33.3%

4
14

61
61

6.6%
23.0%

40

2.5%

48

894

5.4%

0.0%

0.0%

3
6
16
11
3
9
5
8
7
11
3

14
6
9

4
14
13

11
120

0.0%
10.8%

70

5.7%

36

908

4.0%

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

VI-28

0.0%
14

15

0.0%

0.0%

0.0%

Percent

Percent Vacant

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

Efficiencies

One Bedroom

Total

Total

Vacant
1

Percent Vacant

50.0%

4
9

Two Bedroom
Two Bathroom

Percent Vacant

Total

Percent Vacant

Total

Three Bedroom

Percent Vacant

Total

Other

Percent Vacant

Total

Total
Percent Vacant

Total
1

Percent

50.0%

0.0%

0.0%

0.0%

0.0%

48

0.0%

48

0.0%

0.0%

0.0%

19
23
3

5.3%
0.0%
0.0%

18
23

5.6%
0.0%

122
12

0.8%
0.0%

2
1

58
28

3.4%
3.6%

7
5
2

247
120
254

2.8%
4.2%
0.8%

Two Bedroom
One Bathroom

67

1.5%

25

148

1030

36

5.6%

158
12

1.9%
0.0%

0.0%

2
1

58
29

3.4%
3.4%

60
58
27

3.3%
0.0%
3.7%

9
5
3

307
178
281

2.9%
2.8%
1.1%

4
2

36
115
16

0.0%
3.5%
12.5%

36
115
160

0.0%
3.5%
4.4%

4.1%

2.4%

60

11

409

144

3.5%

4
7

108

5.6%

108

5.6%

208

2.9%

57

0.0%

134

5.2%

1
56

16
1965

6.3%
2.8%

0.0%

2.7%

57

0.0%

134

5.2%

18

443

4.1%

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

VI-29

1
1

16
16

6.3%
6.3%

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

0.0%

108

57

5.3%

68

176

0.0%

114

0.0%

24

0.0%

0.0%

48

6.3%

68

5.9%

0.0%

384

1.8%

0.0%

0.0%

6.3%

108

0.0%
24

48

0.0%

0.0%

114

5.9%

2.3%

0.0%

122

0.0%

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

VI-30

0.0%

24

0.0%

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

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

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

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
5
14 Q1
4

14 Q2
14 Q3

Percent Vacant

14 Q4
3
3
2
2
1
1
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
9
14 Q1
8

14 Q2
14 Q3

Percent Vacant

14 Q4
6
5
4
3
2
1
0
To 1939

1940-49

1950-59

1960-69

1970-79

1980-89

1990-99

2000-04

2005 up

Year Built

Vacancy Rate by Size of Building


for Douglas County
6
14 Q1
5

14 Q2
14 Q3

Percent Vacant

14 Q4
4

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

Rent per Square Foot (in dollars)

2
1.8
1.6

14 Q1

14 Q2

14 Q3

14 Q4

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 Douglas County
1.8
14 Q1

Rent per Square Foot (in dollars)

1.6
1.4

14 Q2
14 Q3
14 Q4

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

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

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

342 336

422

357 340

200

220

31 16
4
4

00

202

100 0 0

382
325 325

274

168

126

80

133

00000

VII-5

0000000

Year

370

421

270

210

00

00

210

137
88

00000000

232

62

00

83
60 48
000

74

Vacancy Rates by Market Area by Apartment Type


for Douglas County
6

Percent Vacant

Efficiency

One bedroom

Two bed, one bath

Two bed, two bath

Three bedroom

All

0
Castle Rock

Douglas - North

Douglas County Average

Market Area

Vacancy Rate by Apartment Type by Quarter


for Douglas County
7
14 Q1
14 Q2

14 Q3

Percent Vacant

14 Q4

4
3
2
1
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
2000
14 Q1
1800

14 Q2
14 Q3

Rent (in dollars)

1600

14 Q4

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 Douglas County
1600
$1,384.25

1400

Rent (in dollars)

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
2005
County
Castle Rock

1st 2nd

3rd

2006
4th

1st 2nd

2008

2009

4th

1st 2nd

3rd

4th

1st 2nd

3rd

4th

1st 2nd

3rd

6.4

6.6

8.0

5.4

7.3

6.7

6.9

7.7

2nd

2011
3rd

4th

1st

2nd

2012
3rd

4th

1st

2nd

2013
3rd

4th

1st

2nd

2014
3rd

4th

1st

2nd

3rd

4th

10.4 10.8

7.9

9.4

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

3.3

4.1

1.4

1.5

1.9

1.7

2.3

3.1

3.3

-8.3 -5.8 -4.6 -3.6 -6.7 -3.4 -4.6 -7.1 -5.9 -4.7 -3.1 -5.6 -2.7 -2.9

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

-2.2

0.4

-1.4

-1.0

0.0

-2.4

0.9

1.7

1.4

11.2 11.0 10.2

7.3

1st

-5.2 -1.3

11.6 11.3 11.9

5.9

2010
4th

11.4 10.4 12.5


2.5

7.2

2007

3rd

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

3.1

3.4

2.3

2.1

2.2

1.6

1.8

2.3

2.6

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

4.2

6.8

3.1

3.9

5.6

4.0

4.0

3.8

4.2

-1.7

-2.0

-1.2

0.3

1.1

-0.1

-0.6

-0.6

-0.4

0.4

0.7

-0.4

1.8

-1.1

-0.6

0.0

-2.8

0.9

-0.2

-1.4

4.5

4.2

4.3

4.4

4.7

4.6

4.5

4.4

4.3

4.4

4.5

4.4

5.6

4.4

4.4

4.8

4.1

4.4

4.3

4.0

Douglas - North
7.4

5.3

6.6

7.5

7.3

5.5

-6.2 -3.6 -2.4 -11.6 -6.3 -3.5 -2.6 -2.1 -1.4


8.6

7.7

7.1

8.4

6.4

7.5

0.5 -1.0 -2.3 -1.5

3.3 -0.8 -0.1 -0.5 -0.6 -2.5 -2.3

6.7

6.7

6.7

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

8.1

8.2

5.7

6.4

7.0

6.4

5.8

5.5

7.0

6.1

8.3

4.3

Douglas County

-6.0 -3.4 -1.7


9.4

8.5

8.1

-2.0 -0.2 -0.7 -1.1 -1.1 -1.8


7.6

7.5

7.4

7.1

6.8

6.4

5.9

7.4

7.1

5.8

5.5

4.4

3.9

4.4

5.2

5.3

3.8

3.8

4.7

4.9

3.9

4.1

4.0

6.5

2.9

3.5

5.0

3.7

3.8

3.7

4.0

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

-0.6

1.6

-1.0

-0.6

0.0

-2.8

0.8

0.2

-1.0

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

4.2

5.2

4.1

4.1

4.5

3.8

4.0

4.0

3.8

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

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

2014
1st

1.1
3.1

4.5
3.8

3.6
3.7

2nd

1.3
4.5

5.2
3.4

4.2
3.5

3rd

1.9
5.9

3.0
4.1

2.7
4.2

4th

2014

Square Feet in
Unit

1st

2nd

3rd

4th

499 below
500 to 749
750 to 999
1000 above

1.5
0.9
2.3

0.0
1.9
3.4

2.5
3.3
3.2

3.0
3.1
3.6

Douglas North

499 below
500 to 749
750 to 999
1000 above

1.7
4.1
4.1

3.7
3.5
4.6

4.2
3.7
3.8

3.4
3.9
4.6

Douglas
County

499 below
500 to 749
750 to 999
1000 above

1.6
3.8
3.9

1.5
3.3
4.4

3.4
3.7
3.7

3.2
3.8
4.4

County
Castle Rock

3.4
3.1

5.7
3.2

5.1
3.2

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)
County

2014
County
Castle Rock

Douglas - North

Douglas County

Year
To 1939
1940-49
1950-59
1960-69
1970-79
1980-89
1990-99
2000-04
2005 up
To 1939
1940-49
1950-59
1960-69
1970-79
1980-89
1990-99
2000-04
2005 up
To 1939
1940-49
1950-59
1960-69
1970-79
1980-89
1990-99
2000-04
2005 up

1st

3.6
1.3

2.2
4.6
3.9
3.8

2.2
4.5
3.4
3.8

2nd

0.5
2.7

3.0
6.2
2.6
5.8

3.0
5.7
2.6
5.8

3rd

2.7
3.2

2.7
4.5
3.5
4.1

2.7
4.3
3.4
4.1

4th

3.2
3.3

1.7
5.3
3.4
8.2

1.7
5.1
3.4
8.2

VII-10

Apartment Type
Castle Rock
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
Other
All

2014
1st

2nd

3rd

4th

1.1
1.2
1.9
3.8

1.8
0.0
3.0
4.6

4.0
0.6
2.6
5.3

3.3
2.4
4.0
2.3
3.3

Douglas - North
Efficiency
1 Bed
2 Bed, 1 Bath
2 Bed, 2 Bath
3 Bed
Other
All

2.1
4.0
3.3
4.3
3.6
7.7

4.2
3.3
3.4
4.7
6.7
0.0

2.1
3.8
3.6
3.9
2.8
0.0

0.0
3.8
3.6
4.8
5.4
0.0
4.2

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

2.1
3.7
2.9
4.0
3.6
7.7

4.2
3.1
2.9
4.4
6.2
0.0

2.1
3.8
3.1
3.7
3.5
0.0

0.0
3.7
3.4
4.6
4.7
0.0
4.0

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)
2014

1st

2nd

3rd

4th

County
Castle Rock
Efficiency
945.32 1053.95 1102.15 1106.02
1 Bed
1102.28 1200.76 1248.18 1214.31
2 Bed, 1 Bath
1189.53 1318.42 1303.31 1391.43
2 Bed, 2 Bath
1539.97 1540.77 1677.73 1619.72
3 Bed
1122.32 1224.85 1259.88 1281.93
All
Douglas - North
865.00 1020.00
915.00
995.00
Efficiency
1096.39 1182.53 1192.72 1207.19
1 Bed
1270.42 1342.48 1345.90 1383.71
2 Bed, 1 Bath
1438.58 1532.24 1570.89 1551.97
2 Bed, 2 Bath
1726.46 1858.76 1973.55 1952.61
3 Bed
1283.89 1371.23 1390.81 1402.33
All
Douglas County
865.00 1020.00
915.00
995.00
Efficiency
1077.89 1166.51 1181.59 1193.55
1 Bed
1244.15 1321.53 1329.15 1356.54
2 Bed, 1 Bath
1404.82 1502.41 1534.33 1527.71
2 Bed, 2 Bath
1686.15 1785.16 1893.15 1874.46
3 Bed
1261.71 1350.83 1372.28 1384.25
All
Rents are based on the units being unfurnished with tenants
paying electricity and gas.

Year Built
County
Castle Rock

2014
1st

2nd

3rd

4th

To 1959
1960-69
1970-79
1980-89
1990-99
1038.86 1160.23 1161.14 1143.41
2000-04
1141.44 1239.66 1282.51 1313.67
2005 up
Douglas - North
To 1959
1960-69
1970-79
1980-89
1083.75 1192.26 1229.78 1260.77
1990-99
1308.47 1509.31 1534.27 1520.45
2000-04
1279.77 1315.56 1327.73 1335.24
2005 up
1346.89 1367.35 1430.49 1494.91
Douglas County
To 1959
1960-69
1970-79
1980-89
1083.75 1192.26 1229.78 1260.77
1990-99
1285.21 1477.31 1498.26 1488.82
2000-04
1253.23 1301.05 1319.07 1330.77
2005 up
1346.89 1367.35 1430.49 1494.91
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

2014
1st

1095.55
1184.27

1371.95
1238.48

1303.90
1234.81

2nd

1190.31
1304.78

1492.58
1311.85

1415.18
1311.37

2014
3rd

1229.48
1330.24

1517.36
1332.23

1440.57
1332.10

4th

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

1225.57
1412.38

1490.86
1345.32

1427.31
1350.72

1st

2nd

3rd

4th

954.14
1154.18
1166.77
1629.04
1154.90

1083.03
1229.18
1330.47
1561.72
1234.01

1156.67
1304.18
1296.91
1736.72
1282.73

1108.03
1233.28
1430.47
1704.04
1244.44

863.00
1127.54
1264.11
1406.88
1705.75
1248.32

1013.00
1159.54
1358.50
1497.04
1734.74
1342.98

913.00
1177.60
1336.11
1579.70
2003.27
1354.49

988.00
1198.20
1379.25
1505.99
1815.11
1352.91

863.00
1067.03
1243.50
1345.53
1632.08
1232.88

1013.00
1119.46
1312.78
1468.89
1716.11
1321.68

913.00
1159.17
1318.63
1444.83
1784.00
1327.02

988.00
1143.85
1334.00
1449.36
1798.00
1326.37

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)
2014

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

2014

County

1st

2nd

3rd

4th

1.20
1.27
1.07
1.19
1.16

1.34
1.38
1.18
1.20
1.27

1.40
1.44
1.17
1.30
1.31

1.40
1.40
1.25
1.26
1.33

1.57
1.36
1.29
1.25
1.26
1.31

1.85
1.46
1.36
1.32
1.34
1.39

1.66
1.48
1.36
1.36
1.40
1.42

1.81
1.51
1.40
1.35
1.41
1.43

1.57
1.34
1.29
1.22
1.24
1.29

1.85
1.44
1.36
1.30
1.30
1.38

1.66
1.47
1.38
1.34
1.38
1.41

1.81
1.49
1.40
1.34
1.37
1.42

Apartment Square Feet


Castle Rock
499 below
500 to 749
750 to 999
1000 above

1st

2nd

3rd

4th

1.28
1.19
1.10

1.42
1.31
1.19

1.49
1.37
1.20

1.41
1.39
1.25

1.50
1.34
1.26

1.67
1.43
1.33

1.63
1.45
1.38

1.65
1.48
1.37

1.40
1.33
1.23

1.52
1.42
1.31

1.56
1.44
1.35

1.54
1.47
1.35

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)

2014
Building Type

1st

2nd

Building
3rd

4th

Type

Size

Size (in units)

Up to 8

Up to 6

9 - 50

9 - 50

51 - 99

51 - 99

100 - 199

100 - 199

200 to 349

9.1

12.0

12.4

7.2

350 up

8.0

12.7

11.4

13.2

2nd

3rd

4th

200 to 349

12.8

16.2

15.1

12.3

350 up

11.8

16.1

15.6

16.4

Age

Age (year built)

To 1959

To 1959

1960-69

1960-69

1970-79

2014
1st

1970-79

1980-89

10.7

18.0

15.2

1980-89

1990-99

6.6

12.9

12.0

13.0

21.0

17.9

8.5

1990-99

11.1

18.6

16.3

2000-04

8.6

11.6

13.7

10.4

11.6

2000-04

12.0

14.2

13.8

15.0

2005 up

12.8

8.8

15.0

5.6

2005 up

16.5

14.6

19.1

13.8

Market Area
Castle Rock

7.0

13.2

12.4

11.0

Market Area
Castle Rock

8.7

15.5

15.6

14.4

Douglas - North

8.3

12.2

11.6

10.1

Douglas - North

12.3

16.2

15.4

14.3

Average

8.5

12.4

11.7

10.3

Average

12.2

16.2

15.4

14.3

VII-14

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

1106.02

1214.31

1391.43

1619.72

Douglas - North

995.00

1207.19

1383.71

1551.97

1952.61

2038.00

1281.93
1402.33

Douglas County Average

995.00

1193.55

1356.54

1527.71

1874.46

2038.00

1384.25

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

1106.02

1214.31

1391.43

1619.72

Douglas - North

995.00

1207.19

1383.71

1551.97

1952.61

2038.00

1402.33

Douglas County Average

995.00

1193.55

1356.54

1527.71

1874.46

2038.00

1384.25

Buildings with 5 Stories and Above


Castle Rock
Douglas - North
Douglas County Average

VII-15

1281.93

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

1175.03

1333.42

1495.84

1913.54

1358.59

995.00

1 Bed
1254.05

2 Bed
1 Bath
1421.28

2 Bed
2 Bath
1625.80

Difference
3 Bed
1813.05

All
1458.27

-99.69

Patio or Balcony

995.00

1193.55

1356.54

1527.71

1874.46

1384.25

Fireplace

995.00

1193.75

1345.58

1524.45

1868.41

1381.24

Nine-Foot Ceilings

995.00

1193.55

1356.54

1527.71

1874.46

1384.25

#VALUE!

Swimming Pool

995.00

1193.55

1356.54

1527.71

1874.46

1384.25

#VALUE!

Spa or Sauna

995.00

1233.91

1399.50

1572.59

1893.89

1427.01

Exercise Room

995.00

1193.55

1356.54

1527.71

1874.46

1384.25

Sport Court

995.00

1237.31

1419.08

1544.36

1948.48

1427.95

1143.86

1301.75

1507.51

1745.02

1333.29

94.66

Microwave

995.00

1199.49

1365.75

1534.71

1880.09

1391.19

962.50

1162.50

1287.50

1487.50

1143.41

247.78

Washer/Dryer Hookups

995.00

1204.20

1348.25

1525.89

1881.98

1386.98

1141.11

1385.51

1537.80

1839.14

1371.06

15.92

Garbage Disposal

995.00

1193.55

1356.54

1527.71

1874.46

1384.25

#VALUE!

Dishwasher

995.00

1193.55

1356.54

1527.71

1874.46

1384.25

#VALUE!

Air Conditioning

995.00

1193.55

1356.54

1527.71

1874.46

1384.25

#VALUE!

1110.65

1280.91

1459.33

1729.60

1304.26

1183.53

1350.17

1561.99

1822.44

1390.05

1349.76

1743.72

1648.20

2018.95

1546.90

Ceiling Fan
Attached Garage

995.00

Covered Parking

#VALUE!
1186.14

997.33

1553.00

1121.83

1739.05

1306.72

2290.00

1713.20

1494.91

1163.04

-113.67

263.98
#VALUE!

995.00

995.00

1443.55

1683.76

1718.04

2287.07

1622.69

-318.43

1209.85

1373.71

1470.17

1988.30

1373.74

16.31

1127.45

1298.59

1478.12

1804.52

1323.34

223.56

1117.93

1376.00

1429.99

1818.00

1375.47

9.70

Clubhouse

995.00

1199.59

1354.60

1539.06

1888.01

1385.17

Business Center

995.00

1193.55

1356.54

1527.71

1874.46

1384.25

#VALUE!

Pets Allowed

995.00

1193.55

1356.54

1527.71

1874.46

1384.25

#VALUE!

Resident Pays Sewer/Water

995.00

1193.55

1356.54

1527.71

1874.46

1384.25

#VALUE!

1044.72

1162.93

1366.18

1501.29

1192.74

1197.46

1357.80

1528.56

1895.26

1381.87

Unit Security/Alarm System


Handicapped Access

995.00

Heat Included in Rent

995.00

995.00

VII-16

1246.35

1438.41

1576.35

1940.59

1446.64

-253.90

1149.99

1350.88

1520.39

1795.21

1403.20

-21.33

1193.55

1356.54

1527.71

1874.46

1384.25

#VALUE!

Apartment Unit Absorption by Quarter and Year for Douglas County

2011

2012

2013

2014

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
10790
0
10790
5.4%
10207
583
-22
10852
0
10852
4.9%
10320
532
-22
11144
83
11227
6.5%
10497
730
-168
11275
0
11275
3.7%
10858
417
150

Second
10790
0
10790
3.8%
10380
410
173
10852
0
10852
4.0%
10418
434
0
11227
48
11275
2.9%
10947
328
450
11275
421
11696
3.8%
11257
439
399

Third
10790
0
10790
3.8%
10380
410
0
10852
232
11084
4.2%
10618
466
201
11275
0
11275
3.5%
10881
394
-66
11696
0
11696
3.7%
11267
429
10

Fourth
10790
62
10852
4.7%
10342
510
-38
11084
60
11144
4.3%
10665
479
46
11275
0
11275
5.0%
10708
567
-173
11696
74
11770
4.0%
11295
475
28

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
2007 1st
2nd
3rd
4th
2008 1st
2nd
3rd
4th
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

Units Added

9505
9505
9775
10145
10233
10370
10370
10370
10580
10580
10580
10790
10790
10790
10790
10790
10790
10790
10790
10790
10852
10852
10852
11084
11144
11227
11275
11275
11275
11275
11696
11696

VII-17

0
270
370
88
137
0
0
210
0
0
210
0
0
0
0
0
0
0
0
62
0
0
232
60
83
48
0
0
0
421
0
74

Ending
Inventory
9505
9775
10145
10233
10370
10370
10370
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

Year-End
10790
62
10852
4.7%
10342
510
113
10852
292
11144
4.3%
10665
479
323
11144
131
11275
5.1%
10700
575
35
11275
74
11349
4.0%
10891
458
587

Monthly Resident Turnover


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

2014
Building Type

1st

2nd

3rd

4th

Size
Up to 8
9 - 50
51-99
100 - 199
200 to 349

3.6

4.9

6.3

4.4

350 up

3.5

4.4

6.0

3.3

Age
To 1959
1960-69
1970-79
1980-89

3.2

5.9

4.0

1990-99

3.6

4.3

5.3

3.7

2000-04

3.6

4.6

6.6

3.9

2005 up

3.1

4.7

6.6

5.3

Market Area
Castle Rock

4.4

6.8

7.1

5.9

Douglas - North

3.5

4.5

6.0

3.7

County Average

3.5

4.6

6.1

3.9

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

Vacant

Efficiencies

One Bedroom

Total

Total

48

Percent Vacant

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Percent Vacant

Total

Percent Vacant

Total

Total

Percent Vacant

Other
Total

Total
Percent Vacant

Total

17

716

2.4%

17

3.6%
0.0%
4.6%
2.0%
3.3%
3.6%

5
4
10
9

110
48
108
204
306
248

2.4%
0.0%
3.6%
0.0%
4.6%
1.1%
3.6%
3.6%
0.0%
0.0%
3.0%
4.0%
6.5%
4.2%
9.4%
1.0%
5.2%
7.2%
8.8%
2.8%
17.6%
5.9%
2.6%

15

20
428

0.0%
3.5%

19
13
3

294
250
32

6.5%
5.2%
9.4%

17

0.0%

144
47
17

2.8%
8.5%
17.6%

8
9
2
13

56
176
37
341
76

14.3%
5.1%
5.4%
3.8%
0.0%

1
13

23
265
76

2
15
25
4
10
1

75
259
318
40
108
4

2.7%
5.8%
7.9%
10.0%
9.3%
25.0%

48

0.0%

90
388
7858

3.3%
3.4%
4.0%

5
4
15
9

148
116

0.0%
4.3%

48

0.0%

122

3.3%

5
9

232
200

2.2%
4.5%

60

1.7%

188

3.7%

108

0.9%

1
13

10

96

10.4%

44

0.0%

17
8

96
232
43
94
337

1.0%
5.6%
0.0%
18.1%
2.4%

48

4.2%

5
11

31
446

16.1%
2.5%

56

14.3%
9
1

176
14

5.1%
7.1%

8
24

82
291
16

9.8%
8.2%
0.0%

25.0%

24

0.0%

90
230
2826

3.3%
3.9%
4.6%

4.3%
4.9%
0.0%

4
1

76

0.0%

111
27

3.6%
3.7%

0.0%

124

3353

3.7%

36

1060

3.4%

3
9
131

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

VII-19

1
2

56
60

2
3

75
66

2.7%
4.5%

4
10

24
108

16.7%
9.3%

24

0.0%

145
558

2.8%
4.7%

4
26

20
13
19
21
3
2
13
10
21
12
3
8
13

1.8%
3.3%

13
13

0.0%
0.0%

Percent

716
48
110
48
108
352
422
248
48
20
660
322
294
498
32
204
249
139
238
428
17
135
506

0.0%

4
4
3

48

Three Bedroom

Percent Vacant

3
13
317

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

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

84

2.4%

84

2.4%

108

4.6%

108

4.6%

116

3.4%

116

3.4%

48

0.0%

4
4

144
122

2.8%
3.3%

144

452

0.0%

122

3.3%

2.8%
4

15

48

3.3%

170

2.4%

188

3.7%

188

3.7%

137

3.6%

137

3.6%

102

4.9%

17

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

VII-20

427

4.0%

32
24

3.1%
0.0%

1
5

32
126

3.1%
4.0%

75

2.7%

75

2.7%

131

2.3%

39

1180

3.3%

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

Vacant

Efficiencies

One Bedroom

Total

Total

48

Percent Vacant

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Percent Vacant

Total

Percent Vacant

Total

Total

Percent Vacant

Other
Total

Total
Percent Vacant

Total

15

632

2.4%

15

110
48

3.6%
0.0%

4
6
9

204
190
248

2.0%
3.2%
3.6%

11

20
284

0.0%
3.9%

19
13
3

294
250
32

6.5%
5.2%
9.4%

17

0.0%

144
47
17

2.8%
8.5%
17.6%

60

1.7%

108

0.9%

10

96

10.4%

44

0.0%

48

4.2%

8
23
265
76

0.0%
4.3%

1
13

148
116

4.3%
4.9%
0.0%

4
1

56

5
9

232
200

2.2%
4.5%

1
13
17
3

96
232
43
94
200

1.0%
5.6%
0.0%
18.1%
1.5%

5
6

31
344

16.1%
1.7%

9
1

176
14

5.1%
7.1%

8
24

82
291
16

9.8%
8.2%
0.0%

25.0%

24

0.0%

90
230
2399

3.3%
3.9%
4.8%

109

2901

3.8%

32

76

0.0%

111
27

3.6%
3.7%

890

24
36

0.0%
5.6%

14.3%

0.0%

3.6%

3
9
114

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

VII-21

66

4.5%

4
10

24
108

16.7%
9.3%

24

0.0%

145
427

2.8%
5.4%

4
23

13
13

0.0%
0.0%

Percent

632
48
110
48

2.4%
0.0%
3.6%
0.0%

4
11
9

352
306
248

1.1%
3.6%
3.6%

16
9
19
14
3
2
13
10
21
7
3
7
8

20
516
200
294
310
32
204
249
139
238
291
17
103
380

0.0%
3.1%
4.5%
6.5%
4.5%
9.4%
1.0%
5.2%
7.2%
8.8%
2.4%
17.6%
6.8%
2.1%

8
9
2
13

56
176
37
341
76

14.3%
5.1%
5.4%
3.8%
0.0%

15
25
4
10
1

259
318
40
108
4

5.8%
7.9%
10.0%
9.3%
25.0%

48

0.0%

90
388
6678

3.3%
3.4%
4.2%

0.0%

4
4
3

48

Three Bedroom

Percent Vacant

3
13
278

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

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

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

1225.00

1125.00

1025.00

925.00

825.00

725.00

Vacancy Rate by Market Area by Quarter


for Jefferson County
5
5

14 Q1

14 Q2

14 Q3

14 Q4

Percent Vacant

4
3
3
2
2
1
1
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
1800

1600

Efficiency

1 Bed

2 Bed, 1 Bath

2 Bed, 2 Bath

3 Bed

All

Rent (in dollars)

1400

1200

1000

800

600

400

200

Arvada

Golden

Lakewood North

Lakewood South

Market Area
VIII-2

Wheat Ridge

Jefferson County
Average

Vacancy Rate by Age of Building


for Jefferson County
8
14 Q1
7

14 Q2
14 Q3

Percent Vacant

14 Q4

5
4
3
2
1
0
To 1939

1940-49

1950-59

1960-69

1970-79

1980-89

1990-99

2000-04

2005 up

Year Built

Vacancy Rate by Size of Building


for Jefferson County
6
14 Q1
5

14 Q2
14 Q3

Percent Vacant

14 Q4
4

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
2

Rent per Square Foot (in dollars)

14 Q1
1.8

14 Q2

1.6

14 Q3

1.4

14 Q4

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 Jefferson County
2.5

Rent per Square Foot (in dollars)

14 Q1
14 Q2
2

14 Q3
14 Q4

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

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

Number of Apartment Units

Number of Apartment Units

Estimate of Total Apartments by Year


for Jefferson County

44000

43000

42000

41000

40000

39000

38000

37000

Year

New Apartment Units Added by Year


for Jefferson County

900

800
776

670

600
595

500
514

400
446
364

300

286 295

200

227

100

12

4635

4
356
397
394

280

114 120
70

600
379
428

233

276

159

228

48

61

24
0000000

00

VIII-5

75

120

0000

Year

7260

000

83 91

30
00000000

110

15
0

0000

56

Vacancy Rates by Market Area by Apartment Type


for Jefferson County
6
Efficiency
One bedroom
Two bed, one bath
Two bed, two bath
Three bedroom
All

Percent Vacant

0
Arvada

Golden

Lakewood North

Lakewood South

Wheat Ridge

Jefferson County
Average

Market Area

Vacancy Rate by Apartment Type by Quarter


for Jefferson County
6
14 Q1

14 Q2
14 Q3

Percent Vacant

14 Q4

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
1600
14 Q1

1400

14 Q2
14 Q3

Rent (in dollars)

1200

14 Q4

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
1000

$857.44

800

$1,135.76

$1,158.11

37 + units

5 Story or More

$788.07

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
2005
County
Arvada

1st

9.6
-1.1
10.3
Golden
10.2
-4.1
13.9
Lakewood North
6.4
-0.6
6.9
Lakewood South 8.4
0.5
8.1
Wheat Ridge
11.5
-0.9
11.4
Jefferson
8.5
County
-0.5
8.9

2nd

2006
3rd

4th

1st

2nd

3rd

2007
4th

9.8
7.6 11.1 7.9 9.2 7.9 6.2
-1.2 -0.7 -1.3 -1.7 -0.4 0.3 -4.8
10.0
9.8 9.5 9.1 9.0 9.0 7.8
10.0
4.8 7.3 8.1 6.7 6.0 7.2
-5.1 -12.9 -5.3 -2.1 -3.3 1.1 -0.1
12.6
9.4 8.1 7.5 6.7 7.0 7.0
7.3
6.7 8.0 8.0 8.2 8.1 6.4
0.0
0.5 0.3 -1.6 0.9 1.4 -1.6
6.9
7.0 7.1 7.5 7.7 8.1 7.7
7.3
6.5 6.5 6.1 6.4 6.6 6.6
-0.8 -1.0 -1.8 -2.3 -0.9 0.1 0.1
7.9
7.6 7.2 6.6 6.4 6.4 6.4
13.1 10.6 10.8 16.2 9.2 9.7 7.2
0.8
0.4 -0.9 3.1 -3.9 -0.9 -3.6
11.6 11.7 11.5 12.7 11.7 11.5 10.6
8.0
6.8 7.6 7.5 7.3 7.2 6.6
-1.1 -1.8 -1.7 -1.6 -0.7 0.5 -1.0
8.6
8.2 7.7 7.5 7.3 7.4 7.2

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

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

VIII-8

4th

2012

2013

2014

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

1st

2nd

3rd

4th

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

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

2014

Number of
Units

1st

2nd

3rd

4th

Up to 8

0.0

0.0

0.0

4.0

2014

Square Feet in
Unit

1st

2nd

3rd

4th

499 below

1.6

1.6

0.4

2.5

9 to 50

2.4

0.0

3.6

3.6

500 to 749

3.4

3.5

5.5

1.3

51 to 99

2.6

1.9

1.9

1.8

750 to 999

4.1

3.6

4.7

2.9

100 to199

3.1

3.3

2.3

1.5

1000 above

6.9

2.5

4.8

4.5

200 to 349

5.4

2.0

3.7

3.7

350 up
Golden

County
Arvada

7.2

8.4

3.4

Up to 8

0.0

0.0

0.0

0.0

499 below

0.0

5.7

0.0

0.0

9 to 50

3.5

0.0

2.2

1.8

500 to 749

1.9

2.0

2.5

2.7

3.4

750 to 999

3.0

3.9

2.0

1.9

1000 above

7.3

4.5

2.4

8.5

2.8

51 to 99
100 to 199
200 to 349

Golden

5.7
3.4

3.4

2.1

3.8

Up to 8

0.0

2.1

7.5

2.6

499 below

3.0

1.4

1.5

9 to 50

1.0

1.9

1.3

1.2

500 to 749

4.2

4.6

3.2

3.8

51 to 99

4.0

2.8

2.8

2.0

750 to 999

3.4

3.0

2.6

4.1

5.4

2.3

4.0

1000 above

1.9

1.4

2.9

4.4

350 up
Lakewood North

Lakewood South

Wheat Ridge

Jefferson County

100 to 199

5.9

200 to 349

1.2

350 up

3.1

Up to 8

Lakewood North

2.4
3.2

3.5

5.0

20.0

0.0

0.0

Lakewood South

499 below

0.0

2.5

0.0

3.2

9 to 50

1.1

0.7

0.0

3.4

500 to 749

3.1

4.6

2.1

4.1

51 to 99

2.8

1.1

1.1

1.0

750 to 999

3.0

3.2

3.3

3.6

100 to 199

2.2

3.4

2.1

3.0

1000 above

3.9

4.2

3.2

5.7

200 to 349

3.4

4.1

3.3

4.0

350 up

3.6

4.2

3.2

5.6

Up to 8

0.0

0.0

0.0

5.7

499 below

3.8

2.4

3.7

1.2

9 to 50

3.3

0.6

1.2

1.8

500 to 749

3.5

3.6

3.1

2.0

51 to 99

5.6

3.8

1.9

0.0

750 to 999

2.4

3.6

1.3

1.1

100 to 199

1.9

5.8

1.0

0.0

1000 above

7.1

3.4

6.0

1.4

200 to 349

2.7

2.9

1.4

1.2

350 up

4.2

5.2

6.0

2.2

Up to 8

0.0

1.7

2.4

3.3

499 below

2.3

2.6

1.0

2.4

9 to 50

1.9

1.0

1.7

2.0

500 to 749

3.2

4.1

3.1

3.4

Wheat Ridge

Jefferson County

51 to 99

3.5

2.2

1.9

1.5

750 to 999

3.1

3.4

3.3

3.2

100 to 199

3.1

4.0

2.1

2.6

1000 above

4.2

3.8

3.4

5.4

200 to 349

3.6

3.5

3.0

3.7

350 up

3.6

4.4

4.3

5.1

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)

County

2014

1.1
2.4
7.2

2.2
2.3

7.1
0.0
0.0
1.6

2.6
0.0
0.0
4.4

5.1
0.0
0.0
1.6

3.9
0.0
2.7
1.0

6.6
4.4

3.0
0.0

2.5
4.4

6.3
4.4

1.8
2.4
3.1
5.1

0.6
1.1
3.8
3.8

1.8
3.1
1.1
3.6

4.6
2.2
1.7
3.3

1.2

4.5
9.1

2.9
9.1

7.2
0.0

5.0
3.6
3.1
2.8
4.9

3.0
4.2
4.2
3.5
4.3

0.0
2.5
1.8
3.3
4.8

4.0
4.3
2.3
4.9
6.3

0.0
3.1
3.3

0.0
3.2
3.7
2.1

0.0
1.1
3.0
2.1

6.3
1.6
1.5
0.0

1.6
2.8
3.2
3.8
3.2
3.9
7.1

0.5
1.9
3.7
4.6
3.4
4.3
2.8

1.6
2.3
2.3
4.2
3.2
3.9
5.2

4.6
2.2
3.0
2.7
5.0
6.6
3.8

Golden

2.7
3.0

0.0
3.2
1.9
12.2

Arvada

4th

Lakewood North

3rd

Lakewood South

2nd

Wheat Ridge

1st

Jefferson County

Jefferson County

Wheat Ridge

Lakewood South

Lakewood North

Golden

Arvada

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

VIII-10

2014
Apartment Type

1st

2nd

3rd

4th

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

10.0
3.5
3.2
5.6
7.4
0.0
4.2
0.0
3.1
0.0
3.9
2.2

2.5
3.3
3.0
4.0
0.9
10.0
3.2
5.7
2.1
0.0
4.6
8.5

3.8
4.6
4.3
5.6
2.8
4.5
0.0
2.4
0.0
2.0
2.2

0.0
2.4
2.7
3.3
5.5
8.3
2.9
0.0
2.9
0.0
4.9
0.0

3.3
5.6
3.3
4.4
2.9
4.0
0.0
3.2
0.0
3.3
3.1
3.5
2.9
4.2
3.3
3.1
3.5
3.2
0.0
5.8
2.0
3.2
3.6
3.3
3.3
3.5
4.4
1.7
3.4

3.7
0.0
3.8
3.8
2.3
1.9
4.6
3.4
1.1
3.9
3.3
3.7
7.5
0.0
3.9
3.1
3.7
4.3
1.2
2.9
3.0
3.5
3.3
3.6
3.4
3.6
5.0
2.9
3.7

2.1
0.0
3.6
1.9
2.7
5.0
1.1
2.9
1.7
2.8
3.7
2.7
4.1
2.0
2.9
4.8
3.1
1.8
0.7
7.6
0.0
2.7
2.7
3.2
3.3
3.0
4.3
1.2
3.2

3.4
0.0
3.9
3.3
4.5
5.7
4.6
3.9
1.8
4.4
3.0
5.0
4.9
6.7
4.5
1.6
1.9
1.3
1.4
1.9
0.0
1.5
1.3
3.8
2.7
4.7
4.7
4.6
3.8

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)
2014

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

1st
892.75
886.66
887.48
1227.94
1193.63
978.78

2nd
895.38
937.41
965.57
1279.24
1234.82
1033.08

2014
3rd

968.88
1017.64
1012.76
1403.09
1386.92
1114.65

4th

County
Arvada

970.00
976.65
999.23
1435.49
1392.81
1101.84
Golden

511.25
1035.64
900.56
1226.49
1186.96
1112.04

880.64
1140.93
1200.00
1425.05
1530.24
1227.66

657.50
1226.63
2979.44
1420.28
1235.13
1316.59

735.75
1152.59
925.63
1324.25
1239.36
1211.21

553.08
826.39
874.47
1325.72
1005.70
994.72

570.74
936.38
1330.95
1119.72
1309.29
1089.46

489.14
952.26
1045.44
1408.65
1638.13
1135.97

507.93
950.23
1067.31
1251.53
1349.25
1052.87

722.31
939.28
1045.78
1204.49
1498.57
1082.60

729.95
1013.10
1075.02
1272.26
1604.59
1148.90

730.60
1049.29
1138.56
1337.96
1599.66
1210.86

827.76
1041.47
1131.05
1274.53
1607.03
1176.60

712.46
751.80
859.17
795.17
1129.27
821.08

739.65
767.68
861.51
828.02
1158.93
836.77

761.73
803.79
911.04
840.98
1190.90
874.40

751.52
793.14
952.41
837.35
1223.11
883.86

718.97
910.86
943.07
1205.68
1334.54
1032.66

792.36
983.94
1052.37
1260.47
1441.69
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

Lakewood North

Lakewood South

Wheat Ridge

Jefferson County

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

1st

2nd

3rd

4th

775.00
848.14 916.54 930.39
874.31 908.95 936.15
1191.22 1209.12

945.92
940.32

1234.90 1239.18 1366.66 1377.52


663.33 672.50 726.67 752.50
885.00 920.00 4583.00 722.67
939.39 967.95 987.00 1007.04
1317.54 1582.81 1536.03 1458.94
2110.62 2113.49 2133.91 2139.93
762.45
842.05
744.42
958.81

774.51 739.73 869.40


865.79 870.67 859.40
779.23 821.29 797.25
991.26 1049.08 1146.49

1759.74 1094.22 1462.23 1196.98


935.23 997.73 997.73
1068.00 880.38 912.09 963.40
956.67 994.56 1054.21 1021.31
1104.48 1144.52 1277.22 1174.54
1157.86 1258.53 1277.45 1261.61
1298.52 1287.29 1280.20 1329.59
807.38
840.54
817.86

814.75
862.40
833.39
825.00

825.25
844.15
881.04
858.85

865.50
847.10
891.30
858.85

763.11
850.58
901.49
1057.96
1175.32
1460.01
1234.90

774.68
879.82
933.99
1108.25
1297.65
1235.05
1228.22

747.07
909.92
970.25
1194.23
1299.81
1389.82
1358.45

865.50
867.50
965.81
1155.63
1275.49
1301.34
1369.06

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
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

2014
2nd

3rd

4th

725.47
734.19
914.97
893.14
1065.51

753.71
748.30
1028.61
922.84
1081.51
1191.22

815.46
788.35
1041.91
939.10
1127.27
1344.02

840.40
838.80
936.64
959.23
1144.71
1483.66

767.63
1831.89

802.89
1837.05

1791.32
1438.79

795.26
1357.97
636.21

1283.50

1252.71

100 to 199
200 to 349

2014

1st

1241.30
1074.51

1194.20

350 and up
Lakewood North

1st

2nd

3rd

4th

935.45
848.17
883.35
1343.10
1137.68
912.54

935.45
848.31
937.45
1323.40
1190.94
997.56

939.82
1088.38
991.30
1367.95
1282.00
1095.64

939.82
936.20
1001.66
1418.00
1248.00
1029.13

442.00
894.40
882.00

887.69
972.60
1046.00

682.00
1382.63
1032.00

688.00
1355.12
894.00

2 Bed, 2 Bath

1086.29

1168.32

1097.39

1098.22

3 Bed

1189.41

1222.43

1236.80

1240.18

All
Lakewood North

1042.07

1059.33

1377.37

1226.00
424.43

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

832.58

832.38

875.05

910.54

Efficiency

535.88

541.00

417.57

9 to 50

759.40

1685.81

800.08

782.50

1 Bed

751.74

907.12

1030.39

998.04

51 to 99

864.69

885.52

894.82

908.11

2 Bed, 1 Bath

858.22

898.16

929.00

1138.00

100 to 199

746.10

775.15

775.51

929.42

2 Bed, 2 Bath

200 to 349

1759.74

350 and up
Lakewood South

1050.75

Up to 8

1699.40
1094.04

1277.35

1188.21

1189.85

1099.36

1406.20

1310.20

3 Bed

988.88

1412.31

1931.65

1481.65

All
Lakewood South

875.83

939.45

1084.55

1028.37

695.00

775.00

695.00

Efficiency

713.00

734.00

755.67

834.59

9 to 50

851.70

818.92

909.54

963.62

1 Bed

919.50

1037.52

1049.55

1055.61

51 to 99

780.97

913.65

926.57

985.06

2 Bed, 1 Bath

1039.54

1086.50

1038.00

1184.19

100 to199

973.62

989.65

1004.71

1048.23

2 Bed, 2 Bath

1190.55

1245.23

1273.60

1293.55

200 to 349

1110.94

1205.12

1206.32

1165.50

3 Bed

1395.74

1591.00

1540.05

1641.50

350 and up
Wheat Ridge

1120.62

1193.82

1327.34

1242.41

All
Wheat Ridge

1084.05

1140.08

1189.80

1180.87

Up to 8

809.81

791.71

830.33

828.11

Efficiency

691.63

716.63

767.19

741.63

9 to 50

735.88

768.98

784.10

786.67

1 Bed

741.40

741.40

818.41

766.25

51 to 99

655.00

759.25

790.77

763.21

2 Bed, 1 Bath

876.80

868.33

951.68

948.99

100 to199

938.74

973.69

926.80

930.58

2 Bed, 2 Bath

200 to 349

766.48

792.88

833.95

824.69

3 Bed

350 and up
Jefferson County

919.26

917.91

972.10

1035.42

Up to 8

797.35

800.07

985.17

9 to 50

852.46

1208.51

875.05

788.13

821.84

849.44

850.00

1278.32

1303.32

1327.89

1378.32

All
Jefferson County

790.61

814.99

846.25

859.22

846.26

Efficiency

697.91

841.31

760.27

830.77

879.13

1 Bed

890.82

960.96

1024.73

1009.06

51 to 99
835.80
906.35
930.38
905.08
100 to 199
908.93
968.26
949.42
998.63
200 to 349
1089.39 1140.01 1183.05 1136.64
350 and up
1091.54 1152.92 1292.80 1231.87
Rents reflect units being unfurnished with tenants paying gas and
electricity.

2 Bed, 1 Bath
885.68
932.32
965.53 1020.61
2 Bed, 2 Bath
1183.91 1240.08 1352.92 1304.10
3 Bed
1293.05 1403.08 1490.79 1484.46
All
992.13 1064.84 1127.80 1095.49
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

County

2014
1st

2nd

3rd

4th

1.64
1.29
1.05
1.18
1.10
1.16

1.65
1.39
1.17
1.27
1.14
1.27

1.72
1.46
1.22
1.33
1.23
1.34

1.72
1.42
1.19
1.31
1.26
1.31

1.49
1.47
1.26
1.29
1.10
1.38

1.52
1.60
1.41
1.46
1.38
1.53

1.57
1.67
3.72
1.44
1.14
1.56

2.00
1.59
1.26
1.35
1.15
1.46

1.35
1.27
1.03
1.19
0.87
1.18

1.50
1.31
1.08
1.18
1.07
1.20

1.29
1.42
1.18
1.34
1.33
1.32

1.32
1.47
1.20
1.32
1.10
1.33

1.67
1.30
1.18
1.18
1.20
1.24

1.66
1.40
1.22
1.25
1.26
1.31

1.91
1.46
1.29
1.28
1.28
1.35

1.77
1.40
1.28
1.22
1.27
1.31

2.00
1.24
1.02
0.93
1.08
1.16

2.08
1.27
1.02
0.92
1.11
1.16

2.15
1.33
1.08
0.95
1.13
1.21

2.11
1.31
1.13
0.95
1.17
1.22

1.71
1.31
1.10
1.19
1.14
1.22

1.74
1.39
1.15
1.25
1.21
1.29

1.84
1.45
1.22
1.29
1.26
1.34

1.78
1.42
1.22
1.24
1.23
1.31

Apartment Square Feet


Arvada
499 below
500 to 749
750 to 999
1000 above

2014
1st

2nd

3rd

4th

1.90
1.21
1.14
1.16

1.95
1.37
1.24
1.20

1.96
1.43
1.32
1.30

1.99
1.34
1.30
1.31

1.49
1.46
1.38
1.22

1.52
1.54
1.50
1.58

1.57
1.65
1.57
1.46

1.93
1.50
1.47
1.36

1.43
1.22
1.00
1.19

1.50
1.31
1.09
1.08

1.29
1.40
1.24
1.25

1.32
1.47
1.19
1.19

2.16
1.30
1.24
1.16

2.14
1.38
1.32
1.22

2.31
1.46
1.38
1.24

2.23
1.45
1.34
1.19

2.01
1.24
1.00
1.10

2.03
1.27
1.01
0.97

2.11
1.33
1.06
1.00

2.07
1.31
1.09
1.02

1.71
1.29
1.19
1.16

1.91
1.36
1.27
1.22

1.97
1.43
1.34
1.25

1.91
1.43
1.30
1.20

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)

2014
Building Type

Building

1st

2nd

3rd

4th

1.0

0.5 17.2

0.6

9 - 50

Up to 6

1.9

3.3

9 - 50

3.7

1st

2nd

3rd

4th

1.0

2.1

19.6

3.9

1.5

31.9

3.7

5.3

51 - 99

7.2

5.9

8.7

5.2

3.2

5.4

6.6

15.1

Size (in units)

Size
Up to 8

Type

2014

-0.4 30.9

51 - 99

3.7

3.7

6.7

100 - 199

0.1

1.4

4.4 12.5

100 - 199

200 to 349

5.2 11.2

7.6

3.4

200 to 349

350 up

6.4

8.3 10.1

5.8

350 up

To 1959

8.4

8.9

1.7 12.2

1960-69

2.5

2.3

8.6

4.6

1970-79

3.4

5.1

8.7

1980-89

6.6

5.3

1990-99

6.2 13.5

2000-04

2.7

2005 up

-3.0

-5.0

0.6

-2.3

Market Area
Arvada

-1.9

0.9

3.4

Golden

0.7

6.2

Lakewood North

8.8

14.7

10.6

7.1

10.0

12.6

14.4

10.9

To 1959

10.0

9.5

3.3

16.8

1960-69

5.2

4.1

10.9

6.8

7.2

1970-79

6.6

8.8

11.1

10.2

7.5

4.8

1980-89

10.3

9.9

11.8

7.5

8.4

4.4

1990-99

9.4

16.9

11.7

9.4

2.2 10.3 13.7

2000-04

6.6

6.4

14.2

20.4

2005 up

4.2

-2.2

5.8

1.5

4.0

Market Area
Arvada

2.3

4.1

8.0

6.9

5.0

1.6

Golden

4.0

9.9

7.2

5.0

7.0 19.6

8.2

8.7

Lakewood North

10.3

23.0

11.1

12.6

Lakewood South

6.0

9.1

9.6

6.1

Lakewood South

Wheat Ridge

8.2

6.5

8.2 10.3

Wheat Ridge

Average

4.3

9.5

7.9

Average

Age (year built)

Age

5.9

VIII-14

9.3

13.0

12.6

10.5

11.4

10.0

10.8

11.8

7.7

13.2

11.1

9.7

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

970.00
735.75
507.93
827.76
751.52
796.20

976.65
1152.59
950.23
1041.47
793.14
1003.25

999.23
925.63
1067.31
1131.05
952.41
1054.85

1035.00

651.67
573.33

702.00
653.18

918.00
801.00
783.33
695.00
840.71
834.79

650.00
798.38
719.17
765.00
679.63
726.21

769.28
958.42
777.29
855.00
831.51
807.99

978.05
1196.90
985.21
1041.77
802.73
1013.50

1009.79

1035.00

682.94
570.00
587.50
651.46

970.00
499.31
827.76
756.81
803.71

1127.74
1133.91
972.59
1075.28

2 Bed
2 Bath

1435.49
1324.25
1251.53
1274.53
837.35
1277.67

3 Bed

1392.81
1239.36
1349.25
1607.03
1223.11
1486.25

Other

1650.00
977.82
1216.87
856.51
1078.81

970.00
1207.63

986.00
1159.00

900.00
900.25

785.00
1033.43

1435.49
1324.25
1268.25
1274.53
836.93
1279.28

1408.16
1239.36
1360.85
1607.03
1229.95
1493.56

1101.84
1211.21
1052.87
1176.60
883.86
1123.56

873.61
802.73
983.81
695.00
812.50
857.44

1241.57

900.26

All

921.56
1030.50
982.08

1650.00
987.61
1242.93
856.51
1089.36

805.16
813.15
768.14
963.62
765.85
788.07

1108.67
1258.59
1091.45
1177.53
893.69
1135.76

1879.48

2367.83

2139.93

985.00

1028.00

1005.76

1094.85

1224.07

1158.11

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

808.48

1034.88

1135.55

1304.78

1572.40

1171.91

792.97

974.89

1002.73

1247.96

1427.94

1082.70

89.21

Patio or Balcony

921.99

1069.41

1155.60

1341.02

1612.31

1209.52

767.59

783.57

885.08

1001.84

1161.67

895.23

314.30

Fireplace

776.56

1098.84

1241.14

1356.07

1664.77

1246.97

797.03

887.24

956.54

1155.87

1314.77

998.57

248.40

Nine-Foot Ceilings

999.26

1116.90

1250.94

1391.07

1693.10

1274.97

768.70

888.83

992.62

1129.24

1287.56

998.48

276.49

Swimming Pool

828.22

1049.87

1118.79

1340.91

1529.78

1176.44

639.93

800.63

847.60

1054.78

1297.77

927.49

248.95

1012.00

1124.80

1224.14

1392.11

1781.85

1264.39

768.37

898.81

997.33

1172.35

1363.17

1031.24

233.15

Exercise Room

964.30

1103.52

1210.95

1362.44

1641.49

1248.19

767.77

793.01

915.42

1024.73

1191.61

907.63

340.56

Sport Court

847.21

1063.91

1207.77

1358.90

1552.68

1217.02

753.73

985.47

1013.84

1249.36

1455.48

1094.11

122.91

Microwave

880.31

1136.30

1254.66

1382.17

1728.08

1267.23

685.37

881.59

987.82

1151.42

1342.58

1012.14

255.09

1012.00

1137.59

1219.70

1396.48

1609.77

1277.95

768.37

848.64

970.74

1092.93

1292.61

967.66

310.29

Garbage Disposal

800.65

1038.94

1092.01

1336.58

1520.08

1163.45

750.57

753.11

838.70

972.64

1196.94

884.77

278.68

Dishwasher

801.67

1043.64

1105.09

1336.84

1545.81

1169.90

750.36

750.04

841.97

972.25

1167.56

882.79

287.11

Air Conditioning

800.88

1039.98

1109.31

1336.58

1567.74

1169.07

748.14

754.54

846.98

972.64

1144.70

890.85

278.22

Ceiling Fan

827.61

1021.48

1103.37

1340.74

1532.64

1156.72

627.98

964.84

902.99

1174.64

1384.54

1055.86

100.86

1229.04

1406.91

1487.13

1821.26

1380.87

796.20

941.78

1028.23

1211.93

1420.06

1067.50

313.38

Spa or Sauna

Washer/Dryer Hookups

Attached Garage
Covered Parking

967.23

1083.64

1204.14

1341.24

1652.67

1224.72

767.86

919.49

964.29

1206.08

1358.29

1035.61

189.12

Clubhouse

950.25

1103.89

1190.41

1380.30

1632.21

1247.12

767.98

830.04

926.03

1064.55

1249.19

940.17

306.95

Business Center

964.30

1102.39

1220.15

1353.40

1639.40

1249.07

767.77

819.04

929.23

1052.45

1184.53

922.42

326.65

Pets Allowed

818.17

1065.08

1126.93

1345.36

1537.18

1191.89

721.97

741.41

838.64

960.12

1157.16

855.29

336.61

Resident Pays Sewer/Water

815.35

1060.14

1136.31

1349.30

1581.55

1188.56

704.41

772.47

862.86

1021.42

1242.90

915.20

273.35

1150.99

1377.44

1484.95

1872.48

1346.71

796.20

979.04

1029.33

1243.04

1430.34

1093.01

253.70

Unit Security/Alarm System


Handicapped Access

853.53

1066.24

1171.47

1337.76

1611.00

1198.74

725.18

946.18

1001.57

1216.83

1391.31

1063.67

135.06

Heat Included in Rent

719.29

847.66

875.18

1370.24

991.67

940.65

802.08

1008.81

1059.09

1276.19

1488.75

1128.22

-187.57

VIII-16

Apartment Unit Absorption by Quarter and Year for Jefferson County

2011

2012

2013

2014

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
41571
0
41571
4.7%
39617
1954
-83
41677
0
41677
3.8%
40092
1585
231
42105
0
42105
3.7%
40556
1549
215
42271
0
42271
3.4%
40827
1444
518

Second
41571
91
41662
4.5%
39787
1875
170
41677
428
42105
4.0%
40018
1659
-74
42105
0
42105
3.7%
40539
1566
-17
42271
595
42866
3.7%
41298
1568
471

Third
41662
0
41662
3.8%
40060
1602
272
42105
0
42105
3.7%
40543
1562
525
42105
110
42215
3.6%
40698
1517
159
42866
0
42866
3.2%
41497
1369
200

Fourth
41662
15
41677
4.4%
39861
1816
-198
42105
0
42105
4.2%
40341
1764
-202
42215
56
42271
4.6%
40310
1961
-388
42866
228
43094
3.8%
41436
1658
-61

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
2007 1st
2nd
3rd
4th
2008 1st
2nd
3rd
4th
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

Units Added

41206
41326
41398
41458
41458
41458
41458
41488
41488
41488
41488
41488
41488
41488
41488
41488
41571
41571
41662
41662
41677
41677
42105
42105
42105
42105
42105
42215
42271
42271
42866
42866

VIII-17

120
72
60
0
0
0
30
0
0
0
0
0
0
0
0
83
0
91
0
15
0
428
0
0
0
0
110
56
0
595
0
228

Ending
Inventory
41326
41398
41458
41458
41458
41458
41488
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

Year-End
41571
106
41677
4.4%
39861
1816
161
41677
428
42105
4.2%
40337
1768
475
42105
166
42271
4.6%
40310
1961
-27
42271
228
42499
3.8%
40864
1635
1127

Monthly Resident Turnover


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

2014
Building Type

1st

2nd

3rd

4th

2.2

4.1

2.7

2.5

Size
Up to 8
9 - 50

1.2

1.7

2.6

3.7

51-99

2.9

3.0

4.1

1.7

100 - 199

3.7

6.0

5.5

2.3

200 to 349

3.7

4.6

4.8

4.2

350 up

2.8

4.8

6.2

3.9

4.3

3.7

3.3

3.0

Age
To 1959
1960-69

2.8

3.0

3.2

2.4

1970-79

3.1

4.4

4.2

3.4

1980-89

4.2

5.2

6.1

4.0

1990-99

3.1

4.9

5.6

3.9

2000-04

1.7

5.7

5.0

3.5

2005 up

5.4

6.4

7.2

4.3

Market Area
Arvada

4.2

4.2

5.4

3.5

Golden

2.5

6.3

0.0

3.9

Lakewood North

3.9

5.7

4.7

3.0

Lakewood South

2.9

4.7

5.5

3.8

Wheat Ridge

3.7

4.2

4.4

3.2

County Average

3.3

4.8

5.2

3.7

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

Percent Vacant

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Percent Vacant

Total
1

21
1

0.0%
0.0%

14

0.0%

4
5

0.0%
0.0%

19
3
83

0.0%
0.0%
3.6%

10

0.0%

186

1.1%

33

0.0%

0.0%

12

1
1

0.0%
0.0%

4
7
52
23
11
16
23
1
4
10
16

5
1
3
9
78
30
132
154
178
80
207
276
151
63
213
259
208
101
175
145
648
435
288
338
562
48
180
323
251

0.0%
0.0%
0.0%
11.1%
2.6%
3.3%
3.0%
0.0%
1.1%
3.8%
0.5%
1.1%
0.0%
0.0%
0.5%
2.3%
3.4%
0.0%
2.3%
4.8%
8.0%
5.3%
3.8%
4.7%
4.1%
2.1%
2.2%
3.1%
6.4%

5
3
30

102
67
466

4.9%
4.5%
6.4%

2
6

128
201

1.6%
3.0%

1
2
1
4
2
3
1
3

1
6
7

0.0%

Percent Vacant

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
6.7%
0.0%
4.5%
0.0%
1.5%
0.0%
2.7%
3.7%
0.0%
4.0%
0.0%
1.3%
2.5%
0.0%
1.5%
2.3%
2.1%
0.0%
7.7%
0.0%
2.4%

16
8
1

360
157
28

4.4%
5.1%
3.6%

4
1
12

123
24
217

3.3%
4.2%
5.5%

18

0.0%

21
77

4.8%
6.5%

3
1
3
3
3
2
4
3
6
5
3

1
5

0.0%

22

0.0%

2
1
9
14
12
8
13
8
20
24
5
18
3
20
4
14

2
30
95
73
74
106
32
27
27
24
84
53
215
28
33
86
220
8
182
267
181
147
318
120
575
518
97
184
88
116
79
112

0.0%
13.3%
2.1%
0.0%
0.0%
1.9%
0.0%
0.0%
7.4%
0.0%
0.0%
3.8%
3.7%
3.6%
0.0%
0.0%
0.9%
12.5%
4.9%
5.2%
6.6%
5.4%
4.1%
6.7%
3.5%
4.6%
5.2%
9.8%
3.4%
17.2%
5.1%
12.5%

16

175

9.1%

4
2

2
8
1

1.3%

1
245

1
1

0.0%
0.0%

0.0%

1
1

2
3
31
11
77
6
21
48
4
4
7
10
49
38
6
34
28

0.0%
0.0%
3.2%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
6.1%
0.0%
0.0%
2.9%
3.6%

4
1
1
1
11
1

92
16
24
16
190
62

0.0%
0.0%
0.0%
0.0%
33.3%
0.0%
0.0%
12.5%
0.0%
0.0%
18.8%
0.0%
0.0%
0.0%
0.0%
0.0%

66
33
12

13.6%
0.0%
0.0%

4.3%
6.3%
4.2%
6.3%
5.8%
1.6%

100.0%

24

4.2%

12

8.3%

11

88

12.5%

0.0%

3
5

0.0%

41
74
36
32
19

7.3%
6.8%
0.0%
12.5%
5.3%

24

0.0%

74
1194

8.1%
4.7%

0.0%
33.3%
3.8%

90

3300

Total
Percent Vacant

24
49
24
21
6
8
5
8
8
14
16
14
12
30
2
1

0.0%

8
3
6528

Total

Total

1.7%

2.7%

1
221

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

VIII-19

146

132

24
4701

2.7%

3.0%

4.2%
4.7%

4
1

6
56

17

366

4.6%

Percent
1

0.0%

22
2

0.0%
0.0%

5
3
5
7
5
3
3
11
7
4
10
7
57
31
24
20
26
1
10
11
41
22
21
20
47
10
35
30
10
19
5
26
15
15

7
3
20
14
84
39
148
167
285
124
358
349
368
243
558
464
485
286
408
306
977
764
840
398
669
254
602
337
801
446
360
318
946
190
948
719
208
200
133
209
269
174

0.0%
0.0%
0.0%
7.1%
2.4%
2.6%
3.4%
0.0%
1.8%
2.4%
1.4%
2.0%
1.4%
1.2%
0.5%
2.4%
1.4%
1.4%
2.5%
2.3%
5.8%
4.1%
2.9%
5.0%
3.9%
0.4%
1.7%
3.3%
5.1%
4.9%
5.8%
6.3%
5.0%
5.3%
3.7%
4.2%
4.8%
9.5%
3.8%
12.4%
5.6%
8.6%

16
2
5
11

175
37
204
92

9.1%
5.4%
2.5%
12.0%

3
5
4
5

44
74
38
32
151

6.8%
6.8%
0.0%
12.5%
3.3%

8
634

24
8
101
16483

0.0%
0.0%
7.9%
3.8%

1
2
1
5

58

Other

Percent Vacant

0.0%

394

Total

Three Bedroom

Percent Vacant

0.0%

2
2
3
5
2
4
15
13
66
41
66
43
111
82
36
75
223
152
163
129
206
257
243
10
39
60
168

Total

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

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
3.8%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
1.9%
0.0%
0.0%
0.0%
6.7%

24

4.2%

0.0%

33

0.0%

12

159

Two Bedroom
Two Bathroom

Percent Vacant

1
1
3
6
32
4
80
9
10
22
31
11
9
7
53
111
30
22
60

Two Bedroom
One Bathroom

1.9%

Total

1
3
6
3
3

0.0%

Percent Vacant

2
1
4
2
1
8
8
41
29
11
21
17
28
13
21
40
17
46
9
149
254
30

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
7.3%
0.0%
0.0%
0.0%
0.0%
3.6%
0.0%
0.0%
0.0%
0.0%
2.2%
0.0%
2.0%
2.4%
10.0%

39
60

7.7%
0.0%

0.0%

Total

Three Bedroom

Percent Vacant

Total

250

Total

22

935

2.4%

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
3.4%
0.0%
5.2%
0.0%
0.0%
0.0%
0.0%
2.9%
1.5%
0.0%
0.0%
0.0%
3.6%
0.0%
2.5%
2.5%
8.3%

201
156
2
3
2
16
36
15
250
3
1
132

3.0%
0.0%
0.0%
0.0%
0.0%
0.0%
8.3%
0.0%
4.0%
0.0%
0.0%
3.8%

1
2
5
3

25
45
77
73

4.0%
4.4%
6.5%
4.1%

1
4

12
146

8.3%
2.7%

41

7.3%

4
76

22
2621

18.2%
2.9%

0.0%
5

1
2

29

6.9%

48

0.0%

8
6
1

12.5%
0.0%
0.0%

4
7
5

3
48
2
3
2
3
36
15

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
8.3%
0.0%

3
1

0.0%
0.0%

3
10

21
77

132

3.8%

24

4.2%

4.8%
6.5%

1
3

73

4.1%

146

2.7%

1
24

0.0%
4.2%

26

950

2.7%

15

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

VIII-20

452

3.3%

41

7.3%

4
12

22
220

18.2%
5.5%

12

12

8.3%

8.3%

Percent

1
3
4
10
34
5
88
17
58
51
42
32
26
35
66
132
71
39
139
9
157
284
60

1
1

0.0%

Total

4.0%

1
5

52

Total
Percent Vacant

3
10

Other

Percent Vacant

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

2
0.0%

12
1

0.0%
0.0%

2
3

0.0%

Total

37

5.4%

0.0%

0.0%

2
1
37
9
24
7
8
2
3
2
6
1
2
2

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
33.3%
0.0%
0.0%
0.0%

20

0.0%

Total

Total
Percent Vacant

Total

21

0.0%

1
1
3
5
3
2
7
23
28
21
24
27
9
6
2

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

0.0%

0.0%

119

11.8%

0.0%

0.0%

0.0%

0.0%

0.0%

2
1
5
7
11
9
5
1
3

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

3.0%

14

1
11

Other

Percent Vacant

201

Total

0.0%

Three Bedroom

Percent Vacant

0.0%
2

Percent Vacant

0.0%

0.0%

37
4
5

5.4%
0.0%
0.0%

37
1
9
1
37
10
25
10
17
5
5
9
29
32
26
26
28
9
8
3
13
7
12
9
5
1
3
201
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%
6.9%
0.0%
0.0%
0.0%
0.0%
0.0%
12.5%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
3.0%
0.0%

0.0%

119
1

11.8%
0.0%

0.0%

0.0%

0.0%

0.0%

0.0%

0.0%

8
3
375

0.0%
33.3%
2.9%

8
27
792

0.0%
7.4%
3.4%

24

0.0%

1
16

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

VIII-21

24
328

4.2%
4.9%

14

Percent

45

0.0%

2
27

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

Two Bedroom

Two Bedroom

One Bathroom

Two Bathroom

Percent Vacant

Total
1

21
1

Total

Three Bedroom

Percent Vacant

Total

Other

Percent Vacant

Total

0.0%

0.0%
1

1
0.0%

22
22
10
97
10
30

4.5%
0.0%
0.0%
1.0%
0.0%
0.0%

54
5

0.0%
0.0%

96

6.3%

Total

0.0%

2
18
4

8
190
250
84

0.0%
1.1%
7.2%
4.8%

4
1

36
48

11.1%
2.1%

2
1

0.0%
0.0%

3
2
2
13
8
19
13
67
7
9
6
10
40
2
15

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
4.5%
0.0%
0.0%
0.0%
0.0%
2.5%
0.0%
0.0%

0.0%

21
1

0.0%
0.0%

2
2
9
2

13
1
4
25
25
12
110
18
54
18
128
43
24
28
121
49
12
28
193
254
132
9
48
63
174
40
63
108
2
90
47
126
68

0.0%
0.0%
0.0%
4.0%
0.0%
0.0%
0.9%
0.0%
0.0%
5.6%
2.3%
0.0%
0.0%
0.0%
5.0%
6.1%
0.0%
0.0%
1.0%
7.1%
3.0%
33.3%
8.3%
1.6%
2.3%
2.5%
6.3%
7.4%
0.0%
2.2%
4.3%
7.1%
2.9%

0.0%
1

1
5
7
6
14
15
11
3
1

0.0%
20.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%

1
3
1

0.0%

2
1

0.0%

43

0.0%

4
4

32
63

168

0.0%

16.7%

90

2.2%

120
21

6.7%
0.0%

96

5.2%

1
1

6
6
6

0.0%
16.7%
16.7%

19

418

4.5%

2.4%

0.0%
6.3%
8

108

41

1057

3.9%

47

4.3%

47

4.3%

18

0.0%

20

608

0.0%
0.0%
0.0%
0.0%
33.3%
0.0%
0.0%
0.0%
0.0%
0.0%
33.3%
0.0%
0.0%
0.0%
0.0%

7.4%
2

0.0%

24
1
7
4
6
8
5
3
4
5
9
12
12
6
2

3.3%

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

VIII-22

Percent

1
1

41

Total
Percent Vacant

0.0%
0.0%

11

Percent Vacant

6
3

2
18
4
3
4
1
4
1
4
8

0.0%

16.7%

0.0%

116

4.3%

104

7.7%

9
1

6
110
6

0.0%
8.2%
16.7%

159

5.7%

94

2391

3.9%

108

4.6%

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

2
36

0.0%
5.6%

7
48
4
7
16
16

0.0%
0.0%
5.0%
0.0%
3.3%
6.4%
2.3%
0.0%
0.0%
0.0%
0.0%
0.0%
1.4%
0.0%
0.0%
5.2%
10.6%
2.5%
3.5%
4.8%
4.4%

10

0.0%

169

1.2%

4
10
12

180
291
188

2.2%
3.4%
6.4%

5
3
20

102
67
216

4.9%
4.5%
9.3%

128

1.6%

1
3
1

Two Bedroom
Two Bathroom

Percent Vacant

3
2
20
126
30
47
43
105
51
42
136
3
74
3
112
135
452
160
202
336
367

Two Bedroom
One Bathroom
Total

Percent Vacant

Total

2
3
1
1

1
5
2

0.0%
0.0%
0.0%

3
5
10
14
48
139
95
20
105
55

0.0%
0.0%
20.0%
0.0%
6.3%
0.0%
1.1%
5.0%
0.0%
0.0%

10

0.0%

340
48
28

4.7%
0.0%
3.6%

2
1
10

76
24
170

2.6%
4.2%
5.9%

16

58

0.0%

17
67
63
18
15
15
21
24
17
61
25
165
4
6
26
214

17.6%
3.0%
0.0%
0.0%
0.0%
0.0%
0.0%
8.3%
0.0%
0.0%
8.0%
3.6%
25.0%
0.0%
0.0%
0.5%

9
14
12
6
13

182
267
180
57
318

4.9%
5.2%
6.7%
10.5%
4.1%

20
19

554
386

3.6%
4.9%

17
3
20

160
88
110

10.6%
3.4%
18.2%

13

106

12.3%

56

3.6%

3
2

2
6
1

1.8%

161

3621

4.4%

Other

Percent Vacant

Total

Total
Percent Vacant

38

1256

1
2
3
5
9
6
17

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

0.0%

3
4
9
7
2

33.3%
0.0%
0.0%
0.0%
0.0%

24

0.0%

0.0%

0.0%
0.0%
0.0%
4.2%

66
33
12

13.6%
0.0%
0.0%

14
1
24
24

2
1

33
15

6.1%
6.7%

100.0%

1
3
1

16
86
62

6.3%
3.5%
1.6%

24

4.2%

11

88

12.5%

74
36
32
19

6.8%
0.0%
12.5%
5.3%

24

0.0%

52
667

3.8%
4.9%

1.7%

217

Total

Total

3.0%

169

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

VIII-23

132

3355

3.0%

5.0%

4
1

2
33

5
10
37
14
18
18
35
1
33
19
3
18
3
21
3
14

0.0%
0.0%
5.0%
0.0%
2.8%
5.9%
3.8%
2.4%
1.5%
1.7%
0.6%
4.5%
0.4%
0.8%
1.9%
2.7%
8.5%
3.1%
3.4%
4.7%
4.1%
0.0%
1.2%
3.4%
5.2%
4.4%
5.8%
8.8%
5.4%
1.7%
3.8%
4.9%
8.8%
10.3%
3.4%
16.7%
3.5%
8.3%

2
1
1
11

56
24
58
88

3.6%
4.2%
1.7%
12.5%

74
36
32
151

6.8%
0.0%
12.5%
3.3%

24

0.0%

52
9279

3.8%
4.5%

1
3
3
3
2
2
2
3
1
1
3
7
49
6
13
17
16

4
5

11

163

6.7%

Percent

3
2
20
127
36
51
79
125
133
115
337
66
229
119
157
259
574
194
385
363
392
26
418
291
711
315
310
204
644
60
876
386
34
175
88
126
86
168

Three Bedroom

Percent Vacant

2
416

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

Efficiencies

One Bedroom

Total

Total

Vacant

Percent Vacant

43

0.0%

2.3%
3

17

Two Bedroom
Two Bathroom

Percent Vacant

Total

Three Bedroom

Percent Vacant

Total

Other

Percent Vacant

Total

Total
Percent Vacant

Total

0.0%

0.0%

0.0%

0.0%

3
6
2
5
9
37
1
101
159

33.3%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
1.9%

3
3
6
3
10
11
44
3
174
173
44
40
106
228
47
74
95
1
24

0.0%
33.3%
0.0%
0.0%
10.0%
0.0%
0.0%
0.0%
1.1%
1.7%
0.0%
0.0%
0.0%
3.5%
0.0%
0.0%
2.1%
0.0%
0.0%

237

0.8%

12

0.0%

57

3.5%

21

1400

1.5%

138

5
2
7
2
29
6
22
37

20.0%
0.0%
0.0%
0.0%
3.4%
0.0%
0.0%
0.0%

30

0.0%

95

2.1%

4.3%

10

540

1
8
21
3
41
73
1

0.0%
0.0%
0.0%
0.0%
0.0%
2.7%
0.0%

2
3
1

0.0%
48
17
16

0.0%
0.0%
0.0%

0.0%
2

1.6%

Percent

74

64

Total

0.0%
6

Percent Vacant

0.0%
1

Two Bedroom
One Bathroom

1.9%

0.0%

1
20

213

0.9%

24

12

0.0%

462

1.3%

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

VIII-24

148

1.4%

0.0%
0.0%
0.0%

57

3.5%

103

1.9%

0.0%
2

83

0.0%

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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