All seven counties in the metro area showed a decrease in theirvacancy rates during the third quarter, according to the DenverMetro Apartment Vacancy & Rent survey authored by Gordon E. VonStroh, a professor of the Daniels College of Business at theUniversity of Denver. "Denver is chugging around at the bottom, andthe question is how long it will stay there," Steve Rahe, a CBRichard Ellis apartment broker tells GlobeSt.com. "Tell me what thejob growth will be and I'll tell you how long it will take to beback in equilibrium."

However, Rahe notes that all of the indicators for landlords aremoving in the right direction. And he expects more multifamilybuildings to sell this year than in last year. The report thatshows 26 submarkets in the third quarter showed a decrease invacancy rates, while 10 showed and increase and one remained thesame.

Buildings with nine to 50 units and buildings with more than 350units showed the highest vacancy rate at 9.1%. Both, however, aredown from the second quarter, Von Stroh notes. Historically, largerbuildings have had the highest vacancy rates.