2025 Q1 Denver Multifamily Market Report

Market Overview

Colliers' Q1 2025 report highlights a Denver market that’s inching toward stabilization despite continued oversupply. The metro delivered over 3,400 units, pushing vacancy up to 7.3%. However, net absorption rose to 2,344 units—indicating underlying renter demand remains healthy. Rent increases returned modestly, with average monthly rates rising to $1,832. Developers are slowing down construction starts, which could help align supply and demand over the coming year. Submarkets like Aurora and Broomfield County saw the largest completions and absorption, while areas like Glendale University continued to lag.

About Colliers

Colliers is a top-tier global real estate services firm known for its research-backed advisory and transaction services. Their multifamily research blends data from proprietary databases, brokerage activity, and third-party sources to produce comprehensive and nuanced market narratives. What distinguishes Colliers is their investor-centric lens—they frame their reports around questions of timing, pricing, and positioning, often offering guidance for acquisition and disposition strategy. In Denver’s volatile supply environment, Colliers helps decode how demand fundamentals intersect with capital markets, offering insights valuable to lenders, owners, and equity partners alike.