BOULDER ECONOMIC INDICATORS FIRST QUARTER • 2019
EMPLOYMENT (BOULDER COUNTY) MARCH 2019 TOTAL EMPLOYMENT
MARCH 2018
UNEMPLOYMENT RATE
198,100
TOTAL EMPLOYMENT
UNEMPLOYMENT RATE
193,100
2.7%
2.5%
COMMERCIAL VACANCY RATES (CITY OF BOULDER) (Q4 2018) 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 Q1 2019 MEDIAN SINGLE FAMILY HOME SALE PRICE
Q1 2018 MEDIAN SINGLE FAMILY HOME SALE PRICE
RATE CHANGE
CITY OF BOULDER CITY OF DENVER CITY OF BOULDER CITY OF DENVER CITY OF BOULDER CITY OF DENVER
$960,000
$415,300
8.5%
1%
$885,000
$411,000
RESIDENTIAL RENTAL MARKET Q1 2019 AVERAGE RENTAL PRICE (STUDIO-3 BDRM OVERALL RATES)
Q1 2018 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
$1,903
$1,602
4%
6%
$1,838
$1,509
SALES AND USE TAX REVENUE (CITY OF BOULDER)
YEAR-TO-DATE FEBRUARY 2019
FEBRUARY 2018
$ CHANGE
$19,945,856
$18,320,380
$1,625,476
RATE CHANGE
8.87%
VENTURE CAPITAL INVESTMENT Q1 2019
RATE CHANGE
Q1 2018
CITY OF BOULDER
COLORADO
$25,900,000
$303,900,000
CITY OF BOULDER
COLORADO
$176,900,000 $266,900,000
CITY OF BOULDER 85%
COLORADO 14%
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