MARKET SNAPSHOT Denver Q3 2025

Market Overview

‍The multifamily sector in the Denver metro is in the midst of a reset. Average asking rent is about $1,779, occupancy sits at 91.2 percent, and although net absorption is 7,716 units year-to-date, deliveries of 9,703 units continue to outpace leasing activity. Annual rent change is -4.0 percent and occupancy is down 180 basis points. The bright spot: both deliveries and active pipeline figures are declining, which may ease supply pressure and open the door to recovery in 2026.

‍About MMG

‍MMG Real Estate Advisors is a U.S.-based multifamily research and advisory firm specialising in metro-level rental housing markets. Their Denver Q3 2025 report compiles data on rent trends, occupancy, absorption, completions and pipeline dynamics to help owners, developers and investors assess timing, risk and strategic positioning. To read the full report, click here.