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Metro Denver apartment market maintains its balance in third quarter

Rents up 1% the past year and vacancy rates steady

Apartment rents are up 1% the past year in metro Denver and the vacancy rate is holding steady. But with 48,000 apartments under construction, the equilibrium may not last much longer. (Matthew Jonas/Staff Photographer)
Apartment rents are up 1% the past year in metro Denver and the vacancy rate is holding steady. But with 48,000 apartments under construction, the equilibrium may not last much longer. (Matthew Jonas/Staff Photographer)
DENVER, CO - NOVEMBER 8:  Aldo Svaldi - Staff portraits at the Denver Post studio.  (Photo by Eric Lutzens/The Denver Post)
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The region's apartment vacancy rate dropped to 5.4% in the third quarter from 5.5% in the second quarter, despite the addition of 2,812 new apartments.
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