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2021 Q3 Denver Multifamily Market Report
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The Market is Poised to Close Out the Year Stronger Than it Started.
Multifamily Breaking Records
- Metro Denver’s vacancy rate dropped another 20 basis points
from 5.6% in Q2 to 5.4% in Q3
- Rental rates reach historic highs by casting a $1,710 average
rate per unit
- Construction remains robust despite adversities with 19,847
underway
- Over $1.8 billion across 32 transactions with an average price
per unit at $334,960
