Von Stroh's report found that multifamily buildings with 51 to99 units had the highest vacancy at 11.1%, little change from thefirst quarter. Lowest vacancies are in buildings with 200 to 349units at 9.2%, down from 10.4% in the first quarter. And buildingswith 350 or more units had a 10.1% vacancy rate, down a full pointfrom the previous quarter.

"Historically, larger buildings have the highest vacancy rates,"Von Stroh notes. This is a sign that owners are doing whatever theycan to retain tenants, notes Mark Williams, executive director ofthe Apartment Association of Metro Denver.

Data from Von Stroh's report further backs that up. Buildingsconstructed from 1995 to 1999 had a 7.6% vacancy rate, down from8.7% for the first quarter. And buildings constructed between 1990and 1994 had a vacancy rate of 6.2%, down from 7.9% in the firstquarter. Buildings constructed between 1940 and 1949 had thehighest vacancy rate at 15.4%, more than double the 7.2% vacancyrate in the first quarter, a sign that renters are taking advantageof discounts at newer buildings and moving.