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Vacancies in for- rent condos, single-family homes and other small properties across metropolitan Denver dropped to 3.9 percent during the third quarter, according to a report released Tuesday by the Colorado Division of Housing.
Meanwhile, average rents increased to $967 for the third quarter, up from $957 during the same period last year.
The 3.9 percent vacancy rate is the lowest recorded since the survey was launched in 2001.
The smallest overall vacancy rate — 2.3 percent — was in Boulder and Broomfield counties. The highest was in Jefferson County, which reported 4.6 percent.
Vacancy rates in other counties surveyed were: Adams, 3.3 percent; Arapahoe, 4.1 percent; Denver, 3.4 percent; and Douglas, 3.7 percent.
