BOULDER ECONOMIC INDICATORS FIRST QUARTER • 2020
EMPLOYMENT (BOULDER COUNTY) MARCH 2020 TOTAL EMPLOYMENT
MARCH 2019
UNEMPLOYMENT RATE
199,600
TOTAL EMPLOYMENT
UNEMPLOYMENT RATE
197,100
2.5%
4%
COMMERCIAL VACANCY RATES (CITY OF BOULDER) (Q4 2019) OFFICE
INDUSTRIAL/WAREHOUSE/FLEX
RETAIL
TOTAL SQ. FT
VACANCY RATE
TOTAL SQ. FT
VACANCY RATE
TOTAL SQ. FT
VACANCY RATE
7,311,882
9.1%
10,525,237
3.8%
4,556,711
3.7%
RESIDENTIAL REAL ESTATE (YEAR-TO-DATE THROUGH MARCH) MARCH 2020 MEDIAN SINGLE MARCH 2019 MEDIAN SINGLE % CHANGE FAMILY HOME SALE PRICE FAMILY HOME SALE PRICE CITY OF BOULDER BOULDER COUNTY
$975,000
$547,000
CITY OF BOULDER
BOULDER COUNTY
3.5%
0.5%
CITY OF BOULDER
BOULDER COUNTY
$942,000
$544,950
RESIDENTIAL RENTAL MARKET (JANUARY) % CHANGE
2020 AVERAGE RENTAL PRICE CITY OF BOULDER BOULDER COUNTY
$2,685
2019 AVERAGE RENTAL PRICE
CITY OF BOULDER
BOULDER COUNTY
2.5%
4.5%
$2,300
CITY OF BOULDER
BOULDER COUNTY
$2,619
$2,200
SALES AND USE TAX REVENUE (CITY OF BOULDER) (YEAR-TO-DATE THROUGH FEBRUARY) SALES TAX FEBRUARY 2020
FEBRUARY 2019
USE TAXES % CHANGE
FEBRUARY 2020
FEBRUARY 2019
$3,597,310
$4,371,903
$14,939,642 $15,315,251 -2.5%
% CHANGE
-17.7%
VENTURE CAPITAL INVESTMENT Q1 2020
% CHANGE
Q1 2019
CITY OF BOULDER
COLORADO
CITY OF BOULDER
COLORADO
$86,800,000
$282,900,000
$39,600,000
$326,200,000
CITY OF BOULDER 119%
COLORADO -13%
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; Zillow
BOULDER ECONOMIC COUNCIL • BOULDERECONOMICCOUNCIL.ORG • BEC@BOULDERECONOMICCOUNCIL.ORG • 303.786.7567