Market Snapshot | Denver Q2 2025

Market Overview

Denver’s multifamily market continues to face headwinds as elevated supply dampens rent growth. While net absorption reached a multi-year high in Q2 and trailing 12-month demand surpassed both long-term and pre-pandemic averages, leasing activity still trails new deliveries. Occupancy remains stable near 92 percent, buoyed by strong in-migration, but rents remain under pressure—particularly in Class C assets and heavily supplied submarkets.

About MMG

MMG Real Estate Advisors provides multifamily market intelligence and capital strategy across key U.S. metros. Their detailed market reports deliver analysis of rents, occupancy, absorption trends, and the construction pipeline to help investors, developers, and owners assess shifting fundamentals and make informed decisions.