Market Snapshot Denver Q1 2025

Market Overview

MMG’s Q1 2025 analysis shows Denver grappling with the aftermath of a historic supply surge. Rents declined 3.4% year-over-year, and occupancy fell to a record low of 91.9%. Although absorption rebounded sharply this quarter, new deliveries still outpaced demand. Developers are increasingly focused on high-income renters and suburban submarkets, where performance has held up better. Encouragingly, construction starts have dropped significantly—pointing to a potential market correction and improved fundamentals by 2026.

About MMG

MMG Real Estate Advisors brings a hands-on approach to multifamily investment, with a strong track record of sales execution and market positioning. Their reports are crafted to bridge the gap between operational performance and investor strategy, often highlighting neighborhood-level trends, product type distinctions, and forward-looking indicators. MMG's team includes former owners, managers, and underwriters, which gives their research a grounded, operational feel—especially valuable in supply-sensitive metros like Denver. By integrating transaction insights with performance data, MMG offers a rare blend of qualitative and quantitative guidance tailored to both institutional and private capital.