MARKET SNAPSHOT

2026 Denver Forecast

2025

FORECASTED ANNUAL CHANGE

2026

$1,741

Q4 AVG. EFFECTIVE RENT

0.5%

ANNUAL CHANGE

$1,750

Q4 Avg. Effective Rent

90.5%

Q4 AVG. OCCUPANCY

0 BPS

ANNUAL CHANGE

90.5%

Q4 Avg. Occupancy

12,422

2025 COMPLETIONS

10,289

10 Yr. Avg. Annual Completions

4,978

2026 COMPLETIONS

8,714

2025 NET ABSORPTION

7,832

10 Yr. Avg. Annual Absorption

6,390

2026 NET ABSORPTION

Source: CoStar
Key Market Themes for 2026
  • The under construction pipeline is now more than 40% below the market’s long-term average and supply pressure will continue to ease as completions are projected to fall well below long-run norms in 2026. This will support a shift from supply-driven headwinds toward gradual normalization.

  • Rent conditions are improving, with the recent correction expected to continue losing momentum through 2026 and end the year in modest positive territory, signaling a transition from broad-based concessions toward a more stable pricing environment.

  • Demand is expected to outpace new deliveries starting in early 2026, and paired with the shrinking construction pipeline, this should support stabilization and incremental occupancy gains even if overall occupancy remains below long-term and national averages.

MARKET OUTLOOK

The outlook for Denver’s rental market in 2026 is supported by durable demand drivers that should keep the metro on a steady path toward stabilization...

Featured Colorado Research Reports:

Adam Riddle

Adam Riddle

Managing Director
Jason Koch 2

Jason Koch

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Austin Smith

Austin Smith

Senior Director
Travis Hodge

Travis Hodge

Senior Director
Christian Burgdorf

Christian Burgdorf

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Kevin Woolsey

Kevin Woolsey

Senior Advisor
Taylor Burns

Taylor Burns

Senior Advisor
Sam Bretz

Sam Bretz

Senior Advisor
Adam Bellin

Adam Bellin

Associate Advisor
Chris Mitton

Chris Mitton

Associate Advisor

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