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