The average rent remains level, according to Carter.

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Of the 200 communities that responded to his survey, 55% offerconcessions, similar to the second quarter. But most propertyowners offer concessions on longer leases only.

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"The good news is in the 1980s vintage properties, where vacancydecreased from 7.5% to 6.1%," according to the report.

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Older properties, however, saw vacancy rates rise to 8.7% from7.6% in the second quarter and vacancies in older properties nearColorado Springs Airport and in the north market topped 10%.

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In the newest buildings, constructed in the 1990s, the averagevacancy rate rose to 10.5% from 7.2% in the second quarter.

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Newer properties in the north part of the city rose to 12.5%from 9.7%.

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