$0
Average Rent
$1,648 average rent in Denver, Q3 2026
0%
Occupancy Rate
92% occupancy rate Denver, Q3 2026
0
T4Q Net Absorption
14,032 T4Q net absorption in Denver, Q3 2026
0%
Annual Rent Change
-3% annual rent change in Denver, Q3 2026
0
BPS Annual Occupancy Change
60 BPS annual occupancy change in Denver, Q3 2026
0
T4Q Unit Completions
8,022 T4Q net absorption in Denver, Q3 2026
KEY TAKEAWAYS
- Net absorption over the past four quarters outpaced completions by roughly 75%, with annual demand exceeding new supply for a second consecutive quarter.
- Occupancy has improved for three consecutive quarters to 91.6%, up 60 basis points year over year, as annual completions fell 38% from a year earlier.
- Effective rents declined 2.7% year over year with concessions still widespread across nearly all submarkets, though the annual decline has narrowed to its smallest since 2024 and the pipeline sits 55% below its Q1 2023 peak.
MARKET OUTLOOK
Denver’s rental market has turned a corner, with the strongest annual demand in at least a decade and a shrinking delivery schedule combining to lift occupancy for three straight quarters…
Denver Advisors
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