Denver Apartment Market- Rents Higher- Vacancy Lower

The Denver Apartment Market continues with Vacancy Rates remaining low at about 5% and rents rising.

In the 4 counties that I track 2-4 Unit Small Income Property Sales, Arapahoe County has the highest Vacancy Rate 5.5% with Jefferson at only 4%.

Vacancy rates by 4 Counties were:

Adams, 4.9 percent.

Arapahoe, 5.5 percent.

Denver, 4.8 percent.

Jefferson, 4.0 percent.

The monthly average rent increased in Denver County by $75 compared to last year. The highest rents were in Denver, with Adams County bringing up the rear.

Average rents by 4 Counties were:

Adams, $906.

Arapahoe, $956.

Denver, $1,005.

Jefferson, $919.

The current vacancy rate is tied for the lowest vacancy rate in any quarter since the first quarter of 2001. The low vacancy rates allow Small Income Property owners to raise rents but the economy has kept some in check.

For more details check out John Rebchook's Blog - Inside Real Estate News .

Keith A. Hurtubise
RE/MAX 100 Inc.
710 Kipling St., Suite 110
Lakewood, CO 80215
303-202-2221 direct