{"id":3075,"date":"2022-02-03T13:31:24","date_gmt":"2022-02-03T13:31:24","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=3075"},"modified":"2023-09-21T07:48:36","modified_gmt":"2023-09-21T07:48:36","slug":"denver-housing-market-trends-january-2022","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/denver-housing-market-trends-january-2022\/","title":{"rendered":"Denver Housing Market Trends (January 2022)"},"content":{"rendered":"<h2>In-Migration Powers Rental Demand<\/h2>\n<p>Although uncertainty remains as likely as any economic predictor, <a href=\"https:\/\/www.yardimatrix.com\/blog\/denver-multifamily-market-report-summer-2021-2\/\"><strong>Denver\u2019s recovery is well underway<\/strong><\/a> and should maintain momentum this year, despite pandemic woes. <strong>Rent gains moderated to 0.7%<\/strong> on a trailing three-month basis through November, to $1,786, widening the gap from the $1,590 U.S. average. Occupancy in stabilized properties rose 1.2% in the 12 months ending in September, to 95.7%, led by the Lifestyle segment, where the rate rose to 95.8%, following a 1.5% annual rise.<\/p>\n<p><strong>Denver unemployment improved to 4.6% in October<\/strong>, on par with the U.S. rate. Employment posted a 6.3% expansion in the 12 months ending in September, trailing the U.S. rate by 10 basis points. Professional and business services added the most jobs (23,200 positions), followed closely by leisure and hospitality (23,100 jobs). Although business travel is lagging, leisure travel is rebounding, with 24.7 million passengers going through Denver International Airport in the first half of 2021.<\/p>\n<p><strong>Deliveries softened<\/strong>, with just 7,400 units coming online in 2021 through November, half of 2020\u2019s volume. Another 20,390 apartments were under construction. Meanwhile, <strong>transaction volume surpassed $6.8 billion<\/strong>\u2014the second-highest figure of the past decade\u2014for a price per unit that marked a substantial 27.3% increase, to $302,134.<\/p>\n<p>Read the full <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/1394-MatrixMultifamilyDenverReport-January2022\"><strong>Matrix Multifamily Denver Report-January 2022<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In-Migration Powers Rental Demand Although uncertainty remains as likely as any economic predictor, Denver\u2019s recovery is well underway and should maintain momentum this year, despite pandemic woes. Rent gains moderated to 0.7% on a trailing three-month basis through November, to $1,786, widening the gap from the $1,590 U.S. average. Occupancy in stabilized properties rose 1.2% [&hellip;]<\/p>\n","protected":false},"author":650,"featured_media":3076,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[453,444],"class_list":["post-3075","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-denver","tag-multifamily-outlook-2022"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Denver Housing Market Trends (January 2022) - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Rent growth in Denver softened to 0.7% on a trailing three-month basis through November, to $1,786, following six consecutive months of growth above the 1.5% mark.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/denver-housing-market-trends-january-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Denver Housing Market Trends (January 2022)\" \/>\n<meta property=\"og:description\" content=\"Rent growth in Denver softened to 0.7% on a trailing three-month basis through November, to $1,786, following six consecutive months of growth above the 1.5% mark.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/denver-housing-market-trends-january-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-03T13:31:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-21T07:48:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/02\/Denver-iStock-1362250491.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"lilianam\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anca Gagiuc\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Denver Housing Market Trends (January 2022) - Yardi Matrix Blog","description":"Rent growth in Denver softened to 0.7% on a trailing three-month basis through November, to $1,786, following six consecutive months of growth above the 1.5% mark.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.yardimatrix.com\/blog\/denver-housing-market-trends-january-2022\/","og_locale":"en_US","og_type":"article","og_title":"Denver Housing Market Trends (January 2022)","og_description":"Rent growth in Denver softened to 0.7% on a trailing three-month basis through November, to $1,786, following six consecutive months of growth above the 1.5% mark.","og_url":"https:\/\/www.yardimatrix.com\/blog\/denver-housing-market-trends-january-2022\/","og_site_name":"Yardi Matrix Blog","article_published_time":"2022-02-03T13:31:24+00:00","article_modified_time":"2023-09-21T07:48:36+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/02\/Denver-iStock-1362250491.jpg","type":"image\/jpeg"}],"author":"lilianam","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Anca Gagiuc","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.yardimatrix.com\/blog\/denver-housing-market-trends-january-2022\/#article","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/denver-housing-market-trends-january-2022\/"},"author":{"name":"lilianam","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/877efe30f5be34ed3f8b5f334c96a8e0"},"headline":"Denver Housing Market Trends (January 2022)","datePublished":"2022-02-03T13:31:24+00:00","dateModified":"2023-09-21T07:48:36+00:00","mainEntityOfPage":{"@id":"https:\/\/www.yardimatrix.com\/blog\/denver-housing-market-trends-january-2022\/"},"wordCount":197,"commentCount":0,"publisher":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/denver-housing-market-trends-january-2022\/#primaryimage"},"thumbnailUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/02\/Denver-iStock-1362250491.jpg","keywords":["Denver","Multifamily Outlook 2022"],"articleSection":["Metro Reports","Multifamily Market","Real Estate Trends"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.yardimatrix.com\/blog\/denver-housing-market-trends-january-2022\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.yardimatrix.com\/blog\/denver-housing-market-trends-january-2022\/","url":"https:\/\/www.yardimatrix.com\/blog\/denver-housing-market-trends-january-2022\/","name":"Denver Housing Market Trends (January 2022) - Yardi Matrix Blog","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.yardimatrix.com\/blog\/denver-housing-market-trends-january-2022\/#primaryimage"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/denver-housing-market-trends-january-2022\/#primaryimage"},"thumbnailUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/02\/Denver-iStock-1362250491.jpg","datePublished":"2022-02-03T13:31:24+00:00","dateModified":"2023-09-21T07:48:36+00:00","description":"Rent growth in Denver softened to 0.7% on a trailing three-month basis through November, to $1,786, following six consecutive months of growth above the 1.5% mark.","breadcrumb":{"@id":"https:\/\/www.yardimatrix.com\/blog\/denver-housing-market-trends-january-2022\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.yardimatrix.com\/blog\/denver-housing-market-trends-january-2022\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/denver-housing-market-trends-january-2022\/#primaryimage","url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/02\/Denver-iStock-1362250491.jpg","contentUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/02\/Denver-iStock-1362250491.jpg","width":1200,"height":628,"caption":"Image by Studio1One\/iStockphoto.com"},{"@type":"BreadcrumbList","@id":"https:\/\/www.yardimatrix.com\/blog\/denver-housing-market-trends-january-2022\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.yardimatrix.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Denver Housing Market Trends (January 2022)"}]},{"@type":"WebSite","@id":"https:\/\/www.yardimatrix.com\/blog\/#website","url":"https:\/\/www.yardimatrix.com\/blog\/","name":"Yardi Matrix Blog","description":"Stay current with the latest commercial real estate market trends and forecasts","publisher":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.yardimatrix.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.yardimatrix.com\/blog\/#organization","name":"Yardi Matrix","url":"https:\/\/www.yardimatrix.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2020\/11\/Inline_Matrix_Color_es-1.jpg","contentUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2020\/11\/Inline_Matrix_Color_es-1.jpg","width":200,"height":39,"caption":"Yardi Matrix"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/yardi-matrix\/","https:\/\/www.youtube.com\/channel\/UCRHgAZL4YoyeNEdiRN5uj0g"]},{"@type":"Person","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/877efe30f5be34ed3f8b5f334c96a8e0","name":"lilianam","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/45984043e497a4c112cc391ba1c7376592e14880c782c889d4abfed0aeefa8ad?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/45984043e497a4c112cc391ba1c7376592e14880c782c889d4abfed0aeefa8ad?s=96&d=mm&r=g","caption":"lilianam"},"url":""}]}},"jetpack_featured_media_url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/02\/Denver-iStock-1362250491.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/3075","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/users\/650"}],"replies":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/comments?post=3075"}],"version-history":[{"count":3,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/3075\/revisions"}],"predecessor-version":[{"id":4243,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/3075\/revisions\/4243"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/media\/3076"}],"wp:attachment":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/media?parent=3075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/categories?post=3075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/tags?post=3075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}