Skip to main content Skip to footer

2022 Q3 Denver Multifamily Market Report

Download Report
Denver, Colorado downtown city skyline

Denver recorded positive absorption for the 54th consecutive quarter, and there are no signs of slowing down.

    Key Takeaways

    • Construction recorded an uptick with 27,246 units on the way.
    • Absorption remained positive for the 54th consecutive quarter.
    • Lease rates increased by 5.1% YOY reaching an average of $1,809 a unit.
    • Vacancy rates decreased slightly by 10 basis points from the second quarter.

Quarterly_Report_Web ImageQ3_20221024x972px

2022 Q3 Denver Multifamily Market Report

Download Report
Related Experts

Craig Stack

Senior Vice President

Denver

As Senior Vice President of the Denver Multifamily team for Colliers International, Craig leads the efforts for business development and client relationships throughout Colorado. He provides clients with acquisition and disposition services for multifamily properties. In addition to existing multifamily building sales, Craig has facilitated the sale of multifamily ground for new development.

His multifamily brokerage experience began in 2000 at CB Richard Ellis where he won many top ranking awards. During the course of his career, Craig has transacted over one billion in apartment sales, consisting of institutional, private capital, and affordable apartments.

Please view his properties at: www.comultifamily.com

View expert

Bill Morkes

Senior Vice President

Denver

I'm  an investment sales broker specializing in the sale of multifamily assets in Colorado and the Mountain states.  Our team focus is the disposition of multifamily assets in the Rocky Mountain region; specifically, representing owners in the sale of market-rate, affordable (LIHTC or Project-based HAP), student, age-restricted, and mixed-use apartment communities. 

In addition to existing multifamily assets, our team will facilitate the sale of land that is attractive for the development of multifamily for-rent or for-sale assets -- visit www.COmultifamily.com for more information.

Prior to beginning my multifamily brokerage career in 2011, I worked in the financial services industry as well as in the U.S. Army where I served as a Captain with the 1st Infantry Division during Operation Iraqi Freedom.   I graduated from the United States Military Academy at West Point in 2002 with a Bachelor of Science degree in Electrical Engineering.

View expert

Annalie Ceballos

Director of Operations & Marketing - Multifamily

Denver

View expert