Vacancies, rent up for Denver-area rental homes - Denver Business Journal:

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Vacancies of for-rent single-familuy homes, condominiums, townhomes, duplexes and other small housinfg increasedto 3.6 percent during the first period from 2.7 perceny for the same quarter of 2008. But vacancieas were down in the first periodfrom 4.9 percen t in the fourth quarter of ’08. The housing division doesn’tr include apartments in its rental housing but does produce a separate reportfor apartments. Metrowide average rent for rental housing increasecdto $1,004.44 in the first quarter from $984.61 year over year.
Fourth-quarter 2008 average rent was All of the six countiew tracked by the housing division had higher vacancies inthis year’ s first quarter year over year, excep t Adams and Boulder/Broomfield counties. (While othefr agencies separate Boulder and Broomfield giving the metro areasevenb counties, the housing division combines thosee two northwestern counties.) Vacancyu rates for the first period by county Adams (5.1 percent), Arapahoe (2.9 percent), Boulder/Broomfiel (2.1 percent), Denver (4 Douglas (2.4 percent) and Jefferson (3.8 percent). From 2008’x final quarter to this year’sx first period, all counties reported dropsx invacancy rate.
Average first-quarter housingf rents were highest inthe Boulder/Broomfield area, at and lowest in Denver County, at $932.53. Average rents rose in all counties, year over year, except Arapahow and Douglas counties. Arapahoe Countty reported an average rent of and Douglas County had an averagr rentof $1,374.94. Jefferson County’s first-quarter average rent was $980.60, and Adams County’se was $1,064.17. Rents decreased from the last quartet of 2008 tothis year’s first quarter only in Douglas, Jefferson and Boulder/Broomfield according to the report.
The rental-housinbg survey was compiled by GordonVon Stroh, University of Denver businessx professor, for the housing division. Assistanced was provided by the National Association ofProperthy Managers, , Institute of Real Estate as well as individuall property owners and managers.