Matrix Multifamily Denver Report-June 2025

Market Overview

Denver’s multifamily market softened in early 2025 with advertised asking rents contracting 0.1 percent over the trailing three months through April—compared to a national average increase of 0.2 percent. Occupancy declined to 93.7 percent in March, falling below the national average of 94.4 percent. These trends reflect headwinds from both elevated new supply and a weaker local economy.

About Yardi Matrix

Yardi Matrix is a leading provider of commercial real estate data and analytics across asset types including multifamily, office, student housing, and more. Their metro-level multifamily reports deliver timely insights into rent trends, occupancy, supply pipelines, and market fundamentals—designed to support informed decisions by investors, operators, and analysts.