Apartment vacancy rates dropped from 9.1% to 7.4% during the third quarter of the year.  Vacancy rates are directly tied to unemployment and an indicator of improved economic conditions.  Last year in the third quarter vacancy rates were at 6.6% so we are not quite back to those levels but definitely at marked improvement.   Read the full article from the Denver post by clicking on the link below.

http://www.denverpost.com/economy/ci_13775923

Here are some other interesting details around the Denver Metro from another article.

Arapahoe County and Denver tied for the highest countywide vacancy rate, at 8.5 percent. Douglas County reported the lowest rate, at 4.3 percent. Vacancy rates for other counties surveyed were: Adams, 6.7 percent; Boulder/Broomfield, 5.5 percent; and Jefferson, 6.3 percent.

The average rent of $882 was up from $870 in the second quarter but down from $892 in the same period a year ago. Only Arapahoe and Douglas counties reported increases in rents compared with the third quarter last year.

The highest average rent was in Douglas County, at $1,058, and the lowest was in Jefferson County, at $818. Average rents for other counties were: Adams, $848; Arapahoe, $862; Boulder/ Broomfield, $951; and Denver, $888.

Read that full article by clicking below.

http://www.denverpost.com/economy/ci_13715427