Denver metro apartment vacancies dropped in the fourth quarter, spurred by falling rents and "free-rent" deals. Landords are taking an aggressive tack to lure renters into their units. The average metro vacancy rate was 10.9% in the fourth quarter, as compared to 11.1% in the third quarter and 11.7% in 2002. (The Denver Post, Jan. 29, 2004)
According to Dr. Gordon Von Stroh at DU the apartment vacancy rates were up in Boulder from the last quarter of 2003. The vacancy rates were up in the CU area about 3% from 3QTR 2003 and about 0.5% outside the student rental (i.e., university) area. There were similar numbers in the remainder of Boulder County with the exception of Longmont with a 6.1% rate junp. The average vacancy rate in Boulder County is about 10% compared to Douglas County (19%) and Adams County (15%). The Western Region overall experienced a drop of about 1.7% in vacancies. (Daily Camera, Jan, 29, 2004)
