Denver Multifamily Figures Q1 2026

‒      In Q1 2026, the Denver multifamily occupancy rate rose 40 basis points (bps) quarter-over-quarter to 93.2%, which represents a decline of 110 bps year-over-year.

‒      The first quarter of 2026 recorded positive net absorption of 2,776 units, a significant increase from the negative 3,519 units seen in Q4 2025 and a 25.4% jump from the total seen a year prior.

‒      A total of 1,346 units were completed in Q1 2026, on par with the 1,321 units delivered last quarter but a substantial decrease of 43.5% year-over-year.

‒      The average rent per unit decreased 0.6% quarter-over-quarter to $1,729. On an annual basis, rents were down 6.4% from an average of $1,850 in Q1 2025.

‒     Investment sales volume totaled $289 million in Q1 2026, down from the total of $893 million recorded in Q1 2025. The average price per unit fell 18.7% quarter-over-quarter to $224,000, a decrease of 19.9% year-over-year.