26th Feb, 2010

Denver Rental Home Vacancy Rate 3 Year High

Denver Colorado Home vacancy rate  was 4.9 percent during the fourth quarter of 2008. The last time the metrowide vacancy rate reached 5.5 percent was during the fourth quarter of 2006, according to the survey by the Colorado Department of Local Affairs’ Division of Housing.

Vacancies in Denver for-rent condos, Denver single- family homes and other small properties across metro Denver rose to a three-year high of 5.5 percent during the fourth quarter last year, according to a report released Thursday. While the overall small-property vacancy is up, the type of property makes a difference. Vacancies for single-family rental homes were 4.5 percent, compared with 6.1 percent for townhomes and 7.1 percent for condos.

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