BOULDER ECONOMIC INDICATORS THIRD QUARTER • 2018

EMPLOYMENT (BOULDER COUNTY) SEPTEMBER 2018 TOTAL EMPLOYMENT

SEPTEMBER 2017

UNEMPLOYMENT RATE

193,600

TOTAL EMPLOYMENT

UNEMPLOYMENT RATE

190,400

2.4%

3.1%

CURRENT COMMERCIAL VACANCY RATES (CITY OF BOULDER) OFFICE

INDUSTRIAL/WAREHOUSE/FLEX

RETAIL

TOTAL SQ. FT

VACANCY RATE

TOTAL SQ. FT

VACANCY RATE

TOTAL SQ. FT

VACANCY RATE

7,155,786

10.1%

10,544,263

4.3%

4,694,010

3.6%

RESIDENTIAL REAL ESTATE Q3 2018 MEDIAN SINGLE FAMILY HOME PRICE

Q3 2017 MEDIAN SINGLE FAMILY HOME PRICE

RATE CHANGE

CITY OF BOULDER CITY OF DENVER CITY OF BOULDER CITY OF DENVER CITY OF BOULDER CITY OF DENVER

$931,500

$445,000

7.7%

3.2%

$865,000

$431,000

RESIDENTIAL RENTAL MARKET Q3 2018 AVERAGE RENTAL PRICE (STUDIO-3 BDRM OVERALL RATES)

Q3 2017 AVERAGE RENTAL PRICE (STUDIO-3 BDRM OVERALL RATES)

RATE CHANGE

CITY OF BOULDER CITY OF DENVER CITY OF BOULDER CITY OF DENVER CITY OF BOULDER CITY OF DENVER

$1,852

$1,535

5%

1%

$1,762

$1,519

SALES AND USE TAX REVENUE (CITY OF BOULDER)

YEAR-TO-DATE 2018

2018

$ CHANGE

$89,157,350

$82,260,917

$6,896,433

RATE CHANGE

8.38%

VENTURE CAPITAL INVESTMENT YTD 2018 CITY OF BOULDER

COLORADO

RATE CHANGE

YTD 2017 CITY OF BOULDER

COLORADO

$292,900,000 $1,072,300,000 $341,100,000 $764,800,000

CITY OF BOULDER 14.1%

COLORADO 40.2%

The Boulder Economic Council of the Boulder Chamber publishes this economic indicators report quarterly. It is produced with the assistance of CU Boulder’s Business Research Division at the Leeds School of Business. Sources: Apartment Association of Metro Denver; Boulder Area Realtor Association; Bureau of Labor Statistics; CB Insights; City of Boulder; Colorado Association of Realtors; Colorado Department of Local Affairs; Leeds School of Business, University of Colorado Boulder; Mass Investor; Newmark Grubb Knight Franklin; Move, Inc.; Yardi Matrix;

BOULDER ECONOMIC COUNCIL • BOULDERECONOMICCOUNCIL.ORG • BEC@BOULDERECONOMICCOUNCIL.ORG • 303.786.7567