January 29, 2025
Matrix Multifamily Denver Report-January 2025
Rents Down in Denver
Denver’s rental stock expanded by 17,020 units year-to-date through November, a new cycle high. That combined with an employment growth rate of just 0.2 percent YoY through September caused rent movement to decrease 0.8 percent on a T3 basis, trailing the U.S. rate change of -0.2 percent.
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