Apartment Vacancy Rates Decline in Denver Area

This on-line source for Colorado and Denver real estate markets frequently opines on the investment opportunities for apartment and other residential income properties. Apartment vacancies are declining and rental income is improving in most areas in and near Denver. Broomfield, Colorado is a northern suburb which is indicative of the overall market. The Broomfield Economic Development Corporation reports on 3,309 apartments. The BEDC recently reported quarterly vacancy rate trends as follows:

Vacancy Rate

June 2005 13.5%
September 2005 10.2%
December 2005 10.5%
March 2006 7.7%
June 2006 5.6%
September 2006 2.7%