Following an unexpected drop in the third quarter, metro Denver’s apartment vacancy rates rose during the fourth quarter to 7.7 percent, according to a report released Wednesday.
Vacancy rates rose from the third quarter’s rate of 7.4 percent. When compared with the fourth quarter of 2008, vacancy rates fell from 7.9 percent to 7.7 percent, according to the report by the Apartment Association of Metro Denver and the Department of Local Affairs’ Division of Housing.
The highest vacancy rates were in Denver County, where rates rose to 8.8 percent, and were lowest in Douglas County, where vacancies fell year-over-year to 5.5 percent. Vacancy rates in other counties were Adams, 6.3; Arapahoe, 8.6; Boulder and Broomfield, 5.8; and Jefferson, 7.3.
