{"id":9948,"date":"2025-10-13T07:41:00","date_gmt":"2025-10-13T07:41:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=9948"},"modified":"2026-02-11T07:51:15","modified_gmt":"2026-02-11T07:51:15","slug":"denver-multifamily-market-report-september-2025","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/denver-multifamily-market-report-september-2025\/","title":{"rendered":"Denver Multifamily Market Report \u2013 September 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>Fundamentals Point to Mixed Outlook<\/h2>\n<p>Denver is still finding its footing as absorption works its way through the recent delivery spike, as per the latest Denver multifamily market report. Rent growth decelerated following the leasing season peak, up just 0.1%, on a trailing three-month basis through July, to $1,885. Year-over-year, average advertised asking rents declined 3.9%, marking the second-slowest pace among Yardi Matrix\u2019s top 30 metros. Occupancy in stabilized assets also faced challenges, down 70 basis points year-over-year, to 94.1% in June, representing the sharpest drop across the top 30 metros.<\/p>\n<p><iframe id=\"datawrapper-chart-b0eUx\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Denver vs. National Rent Growth\" src=\"https:\/\/datawrapper.dwcdn.net\/b0eUx\/1\/\" height=\"329\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">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,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}});<\/script><\/p>\n<p>Denver employment expanded a modest 0.1% through May. The metro added just 5,000 net jobs over 12 months, with significant differences across sectors. Growth was recorded in five sectors, led by government (8,100 jobs) and education and health services (5,900 jobs). Offsetting gains, five other sectors shed a combined 14,200 jobs, including trade, transportation and utilities (-6,100 jobs) and professional and business services (-4,900 jobs). Unemployment stood at 4.4% in June, outperforming the state (4.7%) but trailing the national rate (4.1%), according to data from the Bureau of Labor Statistics. Projects expected to impact the local economy include the $950 million 2025 Vibrant Denver Bond package and the redevelopment of Cherry Creek West.<\/p>\n<p><iframe id=\"datawrapper-chart-lCXlA\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Denver Employment Share by Sector\" src=\"https:\/\/datawrapper.dwcdn.net\/lCXlA\/1\/\" height=\"417\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Table\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">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,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}});<\/script><\/p>\n<p>Developers delivered 9,973 units in 2025 as of July, on the heels of last year\u2019s 23,165 units. Meanwhile, investors traded $1.1 billion in assets, for a price per unit that clocked in at $288,527 through July.<\/p>\n<p>Read the full Yardi Matrix Denver Multifamily Market Report: <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/7801-MatrixMultifamilyDenverReport-September2025\"><strong>September 2025<\/strong><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Fundamentals Point to Mixed Outlook Denver is still finding its footing as absorption works its way through the recent delivery spike, as per the latest Denver multifamily market report. Rent growth decelerated following the leasing season peak, up just 0.1%, on a trailing three-month basis through July, to $1,885. Year-over-year, average advertised asking rents declined [&hellip;]<\/p>\n","protected":false},"author":436,"featured_media":9447,"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-9948","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 September 2025 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Denver\u2019s multifamily fundamentals are showing signs of strain, with rent growth down by 3.9 percent YoY to $1,885 and employment nearly flat.\" \/>\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-september-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 September 2025\" \/>\n<meta property=\"og:description\" content=\"Denver\u2019s multifamily fundamentals are showing signs of strain, with rent growth down by 3.9 percent YoY to $1,885 and employment nearly flat.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/denver-multifamily-market-report-september-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2025-10-13T07:41:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-11T07:51:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2025\/07\/Denver-iStock-2227625151-MHN.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 September 2025 - 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