The Multifamily Apartment Market Ends the 1st Quarter with Strong Markers

• The overall average rental rate in Metro Denver during the first quarter was $1,540/month, an increase of 3.9% year-over-year.
• A total of 19,829 units are under construction in Metro Denver, with more than 5,700 units located in the CBD.
• Metro Denver Vacancy rates increased by 40 basis points from the previous year to the current rate of 5.5%.