The Denver Metro multifamily market in Q4 2023 showed expansion with increased inventory and new unit deliveries, indicating a strong construction sector. Despite more units coming to market, demand remained high, as seen in positive net absorption and slightly improved occupancy rates. However, a decrease in construction activity and stabilization of rents suggested a cautious approach and a market adjusting to balance growth with economic conditions. This reflects a healthy market dynamic, balancing supply and demand effectively.