New supply is expected to continue outpacing demand through Q2 2025, keeping vacancy rates elevated in the near term and pressuring rent growth.
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Suburban submarkets with limited new supply have demonstrated stronger rent performance and are expected to outperform the broader market in the near term.
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The slowdown in construction starts observed in 2024 suggests that supply-side pressure will ease later in the year, setting the stage for a more balanced market dynamic in 2026.
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MARKET OUTLOOK
Looking ahead, the Denver multifamily market is positioned for gradual stabilization following an extended period of supply-demand imbalance...
