{"id":9015,"date":"2025-02-04T10:29:00","date_gmt":"2025-02-04T10:29:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=9015"},"modified":"2025-07-09T10:39:47","modified_gmt":"2025-07-09T10:39:47","slug":"denver-multifamily-market-report-january-2025","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/denver-multifamily-market-report-january-2025\/","title":{"rendered":"Denver Multifamily Market Report \u2013 January 2025"},"content":{"rendered":"\n<p class=\"has-normal-font-size\">Read the latest Yardi Matrix <strong><a href=\"\/blog\/denver-multifamily-market-report\/\">Denver Multifamily Market Report<\/a><\/strong>.<\/p>\n\n\n<hr \/>\n<h2>Rental Sector Slows Down<\/h2>\n<p>The slowdown in Denver\u2019s multifamily market intensified at the start of 2024\u2019s fourth quarter, impacted by a surge in new supply, as per the latest Denver multifamily market report. Average advertised asking rents fell 0.8% on a trailing three-month basis through November, to $1,894, lagging the U.S. rate, which slid 0.2%, to $1,744. Still, the occupancy rate in stabilized properties endured, down just 10 basis points year-over-year through October, to 94.8%, according to the <strong><a href=\"https:\/\/www.yardimatrix.com\/blog\/national-multifamily-market-report\/\">national multifamily report<\/a><\/strong>.<\/p>\n<p><iframe id=\"datawrapper-chart-pJEGi\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Denver vs. National Rent Growth \" src=\"https:\/\/datawrapper.dwcdn.net\/pJEGi\/1\/\" height=\"328\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Interactive line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data[\"datawrapper-height\"][t]+\"px\";e[r].style.height=i}}}))}();\n<\/script><\/p>\n<p>Denver\u2019s diverse economy slowed progressively throughout the year, posting a mere 0.2% employment growth, or 12,600 jobs, year-over-year through September, well behind the 1.4% U.S. average. Gains were highest in the government sector (12,200 jobs) and education and health services (7,500 jobs). Meanwhile, four sectors recorded a combined loss of 12,000 jobs, with the largest reductions recorded in trade, transportation and utilities (5,600 jobs) and information (2,700 jobs). The unemployment rate rose to 4.5% in October, underperforming the U.S. and the state rates (both at 4.1%). Notable activity in Denver includes the approval of Ballot Measure 6A, which authorizes the use of $570 million of debt for downtown revitalization.<\/p>\n<p><iframe id=\"datawrapper-chart-EjaDy\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Denver Employment Share by Sector \" src=\"https:\/\/datawrapper.dwcdn.net\/EjaDy\/1\/\" height=\"433\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Table\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data[\"datawrapper-height\"][t]+\"px\";e[r].style.height=i}}}))}();\n<\/script><\/p>\n<p>Developers delivered 17,020 units through November\u2014already a new decade high\u2014and had 33,034 units underway. Sales activity picked up, totaling $3.4 billion through November, but the per-unit price decreased 9.9% year-to-date, to $285,651 in November.<\/p>\n<p>Read the full Yardi Matrix Denver Multifamily Market Report: <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/6782-MatrixMultifamilyDenverReport-January2025\"><strong>January 2025<\/strong><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Rental Sector Slows Down The slowdown in Denver\u2019s multifamily market intensified at the start of 2024\u2019s fourth quarter, impacted by a surge in new supply, as per the latest Denver multifamily market report. Average advertised asking rents fell 0.8% on a trailing three-month basis through November, to $1,894, lagging the U.S. rate, which slid 0.2%, [&hellip;]<\/p>\n","protected":false},"author":436,"featured_media":8328,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[453,513],"class_list":["post-9015","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-2025"],"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 Multifamily Market Report \u2013 January 2025 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Denver\u2019s rental stock expanded by 17,020 units year-to-date through November, a new cycle high, Yardi Matrix reports.\" \/>\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-multifamily-market-report-january-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Denver Multifamily Market Report \u2013 January 2025\" \/>\n<meta property=\"og:description\" content=\"Denver\u2019s rental stock expanded by 17,020 units year-to-date through November, a new cycle high, Yardi Matrix reports.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/denver-multifamily-market-report-january-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-04T10:29:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-09T10:39:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/10\/Denver_iStock-2190238328-feature.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adina Rogoz\" \/>\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=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Denver Multifamily Market Report \u2013 January 2025 - 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