Denver Multifamily Market Report – September 2025

Market Overview

‍The metro Denver multifamily market is navigating a rough patch in Q3 2025. Asking rents fell 3.9 percent year-over-year to about $1,885, while occupancy dropped 70 basis points to 94.1 percent. Developers delivered nearly 9,973 units through July, maintaining pressure despite demand. With job growth flat and supply still elevated, the market appears to be working through an extended adjustment phase.

‍About Yardi Matrix

‍Yardi Matrix is a leading data and analytics firm specialising in multifamily housing markets. Their Denver Q3 2025 market report aggregates metro-level insights on rent trends, occupancy, deliveries and investment activity to help owners, developers and investors assess timing, risk and strategic positioning. To read the full report, click here.