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Colorado
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VACANCY
Apartment
The average Vacancy Rate was 3.2% in the Colorado Springs metro
Distribution / Warehousing
The average Vacancy Rate was 2.1% in the Colorado Springs metro
Office
The average Vacancy Rate was 18.9% in the Colorado Springs metro
- Vacancy in the Colorado Springs metro drifted downward by 30 basis points.
- The Colorado Springs metro had the lowest vacancy level since Q1 2014.
Retail
The average Vacancy Rate was 11.2% in the Colorado Springs metro
RENT
Apartment
The average Asking Rent was $1,341 in the Colorado Springs metro
Distribution / Warehousing
The average Asking Rent was $10.06 in the Colorado Springs metro
- Rent in the Colorado Springs metro was up 1.0% from Q3 2022.
- Rent Has risen for eight consecutive quarters in the Colorado Springs metro.
Office
The average Asking Rent was $19.26 in the Colorado Springs metro
- Rent in the Colorado Springs metro was up 0.9% from Q3 2022.
- Colorado Springs metro had its fastest rent rate of increase in seven quarters.
Retail
The average Asking Rent was $15.48 in the Colorado Springs metro
- Rent in the Colorado Springs metro was up 0.7% from Q3 2022.
- Colorado Springs metro had its fastest rent rate of increase since Q1 2019.
- Rent Has risen for six consecutive quarters in the Colorado Springs metro.
VACANCY
Apartment
The average Vacancy Rate was 5.8% in the Denver metro
Distribution / Warehousing
The average Vacancy Rate was 6.0% in the Denver metro
- Vacancy in the Denver metro drifted downward by 20 basis points.
- The Denver metro had the lowest vacancy level since Q3 2009.
Flex / R&D
The average Vacancy Rate was 4.3% in the Denver metro
- Vacancy in the Denver metro fell by 50 basis points.
- The Denver metro had the lowest vacancy level since Q3 2009.
Office
The average Vacancy Rate was 20.2% in the Denver metro
- Vacancy in the Denver metro drifted upward by 30 basis points.
- The Denver metro had the highest vacancy level since year-end 2010.
Retail
The average Vacancy Rate was 9.1% in the Denver metro
- No vacancy change since Q3 2022 in the Denver metro.
- The Denver metro had the lowest vacancy level since Q2 2020.
RENT
Apartment
The average Asking Rent was $1,753 in the Denver metro
- Rent in the Denver metro was up 1.4% from Q3 2022.
- Rent Has risen for seven consecutive quarters in the Denver metro.
Distribution / Warehousing
The average Asking Rent was $6.73 in the Denver metro
- Rent in the Denver metro was up 1.7% from Q3 2022.
- Rent Has risen for seven consecutive quarters in the Denver metro.
Flex / R&D
The average Asking Rent was $10.17 in the Denver metro
- Rent in the Denver metro was up 0.2% from Q3 2022.
- Rent Has risen for ten consecutive quarters in the Denver metro.
Office
The average Asking Rent was $27.60 in the Denver metro
- Rent in the Denver metro was up 0.3% from Q3 2022.
- Rent Has risen for seven consecutive quarters in the Denver metro.