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REAL ESTATE DECISION SUPPORT
2nd Qtr. Vacancy and Rent Survey posts decline
Publish date
08/03/2010
Source
Denver Business Journal
Main Category
Apartments
Article Summary
Vacancy for apartments units in the Denver metro area posted a 2-year low of 6.1% in the 2nd quarter of 2010, according to a report conducted on behalf of the Colorado Division of Housing by Gordon Von Stroh of the University of Denver. Of the counties in the measure, Douglas boasted the highest average rent ($1,085.79) and the lowest vacancy rate (3.9%), while Jefferson posted the lowest average rental rate ($845.38) and Denver posted the highest vacancy (7.4%). The average monthly rental rate for the period increased $29.60 from the year-ago measure of $870.37 to post $899.97.
