Matrix Multifamily Denver Report-January 2024 January 29, 2024

Denver’s Rents Slow

Denver’s rents declined for the third consecutive month on a T3 basis, down 0.4% vs. the national average of -0.2%. Rents grew year-over-year, but the 0.1% increase was slower than the U.S. average. Yet strong demand kept the occupancy rate healthy, falling only slightly to 95.1%.