BOULDER ECONOMIC INDICATORS SECOND QUARTER • 2019
EMPLOYMENT (BOULDER COUNTY) JUNE 2019 TOTAL EMPLOYMENT
JUNE 2018
UNEMPLOYMENT RATE
198,700
TOTAL EMPLOYMENT
UNEMPLOYMENT RATE
194,500
3%
2.7%
COMMERCIAL VACANCY RATES (CITY OF BOULDER) (Q1 2019) OFFICE
INDUSTRIAL/WAREHOUSE/FLEX
RETAIL
TOTAL SQ. FT
VACANCY RATE
TOTAL SQ. FT
VACANCY RATE
TOTAL SQ. FT
VACANCY RATE
7,241,768
8.5%
10,521,192
6.2%
4,543,729
3.4%
RESIDENTIAL REAL ESTATE (YEAR-TO-DATE) JUNE 2019 MEDIAN SINGLE FAMILY HOME SALE PRICE CITY OF BOULDER
OTHER BOULDER COUNTY
$940,000
$560,600
JUNE 2018 MEDIAN SINGLE FAMILY HOME SALE PRICE
% CHANGE CITY OF BOULDER
OTHER BOULDER COUNTY
1.6%
1.9%
CITY OF BOULDER
OTHER BOULDER COUNTY
$925,000
$550,000
RESIDENTIAL RENTAL MARKET Q1 2019 AVERAGE RENTAL PRICE (STUDIO-3 BDRM OVERALL RATES) CITY OF BOULDER
OTHER BOULDER COUNTY
$1,846
$1,720
Q4 2018 AVERAGE RENTAL PRICE (STUDIO-3 BDRM OVERALL RATES)
% CHANGE CITY OF BOULDER
OTHER BOULDER COUNTY
10.2%
2.6%
CITY OF BOULDER
OTHER BOULDER COUNTY
$1,675
$1,676
SALES AND USE TAX REVENUE (CITY OF BOULDER) (YEAR-TO-DATE) SALES TAX MAY 2019
MAY 2018
USE TAXES % CHANGE
$41,802,954 $39,974,744 4.57%
MAY 2019
MAY 2018
% CHANGE
$10,723,518 $12,737,334 -15.8%
VENTURE CAPITAL INVESTMENT Q2 2019
% CHANGE
Q2 2018
CITY OF BOULDER
COLORADO
CITY OF BOULDER
COLORADO
$215,000,000
$412,700,000
$53,100,000
$289,800,000
CITY OF BOULDER 305%
COLORADO 42%
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