Denver’s apartment vacancy decreased slightly to 7.7% for the 4
the same period in 2008. Vacancy at year-end 2007 was 6.1%. Vacancies were not expected
to increase given the limited new supply added during the past two years, continued concerns
about the local and national economy and issues in the single family arena but they increased
0.3% from 3
2005) decreased to 17.2% for the 4
2008. All other age related apartment groups report vacancy rates less than 10.0%.
Rental rates have decreased steadily over the last year slightly more than 1.5% from $889 in
4
th quarter 2009 from 7.9% forrd quarter 2009 to 4th quarter 2009. Vacancies in new construction (built sinceth quarter from 20.0% in the 3rd quarter and 19.0% at yearendth quarter 2008 to $875 in 4th quarter 2009.Charts and Graphs: