The apartment vacancy rate in the Denver metro area increased to 6.2 percent during the second quarter, up from 5.9 percent during the first quarter this year.
The vacancy rate is the same as the second quarter of last year, according to a report released today by the Apartment Association of Metro Denver and the Colorado Department of Local Affairs’ Division of Housing.
Vacancies have remained essentially flat over the past three quarters. Vacancies have not dropped below 5 percent since the first quarter of 2001. They peaked at 13.1 percent during the first half of 2003.
All counties except Arapahoe County reported slight increases in vacancies since the first quarter.
Douglas County reported the highest vacancy rate at 8.3 percent, and Denver County reported the lowest rate at 5.7 percent.
Vacancy rates for all counties surveyed were: Adams, 6.8 percent; Arapahoe, 5.9 percent; Boulder/Broomfield, 6.4 percent; Denver, 5.7 percent; Douglas, 8.3 percent; and Jefferson, 6.0 percent.
Margaret Jackson: 303-954-1473 or mjackson@denverpost.com
