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Colorado
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VACANCY
Apartment
The average Vacancy Rate was 4.4% in the Colorado Springs metro
- Vacancy in the Colorado Springs metro drifted upward by 30 basis points.
- The Colorado Springs metro had the highest vacancy level since year-end 2020.
Distribution / Warehousing
The average Vacancy Rate was 4.2% in the Colorado Springs metro
Office
The average Vacancy Rate was 18.9% in the Colorado Springs metro
- Vacancy in the Colorado Springs metro declined by 50 basis points.
- The Colorado Springs metro had the lowest vacancy level since Q1 2014.
Retail
The average Vacancy Rate was 11.3% in the Colorado Springs metro
- Vacancy in the Colorado Springs metro drifted upward by 20 basis points.
- The Colorado Springs metro had the highest vacancy level since Q2 2021.
RENT
Apartment
The average Asking Rent was $1,355 in the Colorado Springs metro
Distribution / Warehousing
The average Asking Rent was $10.15 in the Colorado Springs metro
Office
The average Asking Rent was $19.55 in the Colorado Springs metro
Retail
The average Asking Rent was $15.52 in the Colorado Springs metro
VACANCY
Apartment
The average Vacancy Rate was 6.6% in the Denver metro
- Vacancy in the Denver metro drifted upward by 30 basis points.
- The Denver metro had the highest vacancy level since Q3 2010.
Distribution / Warehousing
The average Vacancy Rate was 9.0% in the Denver metro
- Vacancy in the Denver metro drifted upward by 30 basis points.
- The Denver metro had the highest vacancy level since Q1 2021.
Flex / R&D
The average Vacancy Rate was 5.2% in the Denver metro
Office
The average Vacancy Rate was 21.7% in the Denver metro
Retail
The average Vacancy Rate was 9.0% in the Denver metro
- Vacancy in the Denver metro drifted downward by 10 basis points.
- The Denver metro had the lowest vacancy level since Q2 2020.
RENT
Apartment
The average Asking Rent was $1,798 in the Denver metro
Distribution / Warehousing
The average Asking Rent was $7.11 in the Denver metro
- Rent in the Denver metro was up 0.9% from Q3 2023.
- Rent has risen in every quarter since Q2 2020 in the Denver metro.
Flex / R&D
The average Asking Rent was $10.70 in the Denver metro
- Rent in the Denver metro was up 0.9% from Q3 2023.
- Rent has risen in every quarter since Q2 2020 in the Denver metro.