Metro-area apartment-vacancy rates hit 3-year low

Apartment vacancies in metro Denver fell to a

three-year low of 5.3 percent during the third quarter,

according to a report released Wednesday.

The highest vacancy rates were in Arapahoe

County, where rates fell year-over-year from 8.5

percent to 6.7 percent. Rates were lowest in the

Boulder-Broomfield area, where they fell from

5.5 percent a year ago to 3.5 percent during the

third quarter.

Vacancy rates in other counties were Adams,

4.4 percent; Denver, 5.3 percent; Douglas, 4.4 percent;

and Jefferson, 3.9 percent.

Rents increased for the third consecutive quarter,

averaging $913. All counties in the metro

area reported year-over-year increases in average

rents.

Average rents for all counties were: Adams,

$915; Arapahoe, $882; Boulder-Broomfield, $993;

Denver, $905; Douglas, $1,113; and Jefferson, $864.

The Denver Post; Denver Post file photo