Market Snapshot Colorado Springs Q1 2025

Market Overview

In Q1 2025, MMG reported a sharp pullback in new multifamily construction in Colorado Springs, with only 453 units delivered and 276 starts recorded over the past year. While this pause could help rebalance supply and demand, average occupancy dipped to 91.2% and effective rents fell across most submarkets. Notably, East Colorado Springs and South Colorado Springs saw the steepest YoY rent declines at 2.2%, while Teller County bucked the trend with 2.7% annual rent growth.

About MMG

MMG’s research arm specializes in clear, focused reporting for multifamily owners and investors. Their Colorado Springs analysis is backed by a deep understanding of submarket fundamentals, including tenant migration, rent segmentation, and property performance benchmarking. MMG’s localized data—paired with capital market context—helps decision-makers navigate changing conditions with clarity and agility, especially in mid-size metros with dynamic growth profiles like Colorado Springs.

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