MARKET SNAPSHOT

Colorado Springs
q2 2025

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AVERAGE RENT

$1,472 Q2 2025

OCCUPANCY RATE

91.1% Q2 2025

NET ABSORPTION

1,744 H1 2025

ANNUAL RENT CHANGE

-2.8% Q2 2025

ANNUAL OCCUPANCY CHANGE

-80 BPS Q2 2025

COMPLETIONS

1,012 H1 2025

KEY TAKEAWAYS

Demand remains strong, with H1 2025 absorption more than triple the long-term average and nearly double the number of new completions in Q2, signaling improving fundamentals and renewed leasing momentum.

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The supply pipeline is rapidly shrinking, with construction down from 17.4% to just 3.1% of base inventory, setting the stage for supply-side relief.

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Despite solid demand, rents are still falling—down 2.8% year-over-year—although the decline is slowing, and occupancy has stabilized at 91.1% after two soft years.

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MARKET OUTLOOK

The near-term outlook for Colorado Springs is cautiously optimistic. With construction slowing and demand near record highs, fundamentals are poised to improve...