Figures
Denver Multifamily Figures Q3 2026
October 27, 2026 5 Minute Read
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- Denver's overall average occupancy rate decreased 30 basis points (bps) to 93.9% in Q3 2026 but remained up 40 bps year-over-year.
- Net absorption over the trailing 12-month (TTM) period through Q3 2026 totaled 7,346 units, down slightly from 7,668 units last quarter.
- Trailing 12-month (TTM) new completions totaled 6,481 units, a decrease of 12.0% or 880 units from Q2 2026's total. The 1,290 units completed in Q3 2026 was a five-year low.
- The market's average rent per unit increased for a second straight quarter, rising 0.6% to $1,776. On an annual basis, rents were down an average of 2.9% year-over-year.
- Investment sales volume totaled $381 million in Q3 2026, nearly identical to the previous quarter's total. The average price per unit dropped to $231,212 in Q3 2026, down 2.3% against the $236,593 average last quarter.