James Real Estate RE Mkt Cond Dnvr 2000 4th Qtr Page 7
JAMES REAL ESTATE SERVICES, INC.
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7
SIX COUNTY DENVER METROPOLITAN MARKET
Vacancy Rates - Average Rents
1982 Through 2nd Quarter 2000
$376$384
$404$414$405$402$393$391$405
$433
$472
$502
$540
$575
$607
$650
$695
$734
$752
$300
$350
$400
$450
$500
$550
$600
$650
$700
$750
$800
1980
1980
1990
1990
1990
1990
1990
2000
2000
A
v
erage Rent
/
M
ont
h
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
YTD Ave
r
a
g
e
Va
ca
n
cy Ra
te
Average Rent
Vacancy Rate
Source: Genesis Marketing Group
With very high vacancies in the 1980s, rents were held down. However, as the economy improved
in the 1990s, vacancies dropped and rents increased at dramatically high rates. They appear to be leveling
off today as the market stabilizes with substantial new construction.
