Denver apartment vacancy rate hits 12-year low
Denver Business Journal, by Dennis Huspeni, Reporter
Date: Monday, October 29, 2012, 6:52am MDT – Last Modified: Monday, October 29, 2012, 7:56am MDT
There hasn’t been this low a percentage of apartments available in metro Denver for 12 years, according to a Vacancy and Rent Survey released Monday by the Apartment Association of Metro Denver.
The vacancy rate for metro Denver apartments stood at 4.3 percent in the third quarter, the lowest vacancy rate recorded since the same quarter in 2000, according to the report, which was also released by the Colorado Division of Housing. That vacancy rate stood at 4.8 percent for the second quarter and 4.9 percent for the same quarter in 2011. Except for Douglas County, every county saw average vacancy rate decreases.