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Rent Growth Outpaces NationDenver’s advertised asking rents rose 0.5 percent on a T3 basis and 1.1 percent YoY through July, above the U.S. rate on both counts, even while its multifamily stock expanded 2.1 percent year-to-date. Occupancy in stabilized assets also points to steady demand, down just 30 bps YoY through June to 94.8 percent.
Denver’s advertised asking rents rose 0.5 percent on a T3 basis and 1.1 percent YoY through July, above the U.S. rate on both counts, even while its multifamily stock expanded 2.1 percent year-to-date. Occupancy in stabilized assets also points to steady demand, down just 30 bps YoY through June to 94.8 percent.
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