Apartment rents for Denver surges despite higher vacancies which rose to 5.2% in fourth quarter of 2013, up from the 4.9% in Q4 of 2012 according to the report published by the Apartment Association of Metro Denver. The increase in vacancies however didn’t immediately push the average rent down mainly because it’s measured year-over-year. Boulder/Broomfield area had the lowest vacancy at 3.4% which resulted in the highest rent growth of any counties at 8.1% and 8.6% respectively. Vacancy rate rose in all counties except for Boulder/Broomfield area. Apartment rents are expected to continue to rise above historic high-levels as the industry still sees relative pent-up demand.