VALUED INSIGHTS

Invaluable Valuation Knowledge for the Real Estate Stakeholder

SERIES:
Multifamily Market Updates 2024
MARKET:
  1. Albuquerque MSA | NM
    2024  Q2 | Q3 | Q4
  2. Chicago MSA | IL
    2024  Q2 | Q3 | Q4
  3. Dallas MSA | TX
    2024  Q2 | Q3 | Q4
  4. Denver MSA | CO
    2024  Q2 | Q3 | Q4
  5. Flagstaff MSA | AZ
    2024  Q2 | Q3 | Q4
  6. Houston MSA | TX
    2024  Q2 | Q3 | Q4
  7. Las Vegas MSA | NV
    2024  Q2 | Q3 | Q4
  8. Los Angeles MSA | CA
    2024  Q2 | Q3 | Q4
  9. Orange County MSA | CA
    2024  Q2 | Q3 | Q4
  10. Phoenix MSA | AZ
    2024  Q2 | Q3 | Q4
  11. San Diego MSA | CA
    2024  Q2 | Q3 | Q4
  12. Tucson MSA | AZ
    2024  Q2 | Q3 | Q4
SERIES:
Multifamily Market Updates 2024
MARKET:

Denver MSA | CO

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Author: Jason D. Beakley, Certified General Appraiser
Published: October 7, 2024

Population Trends
Supply
Demand
Population3,005,131
Total Housholds1,223,825
Percentage of Households in Income Band62.6%
Income Qualified Housholds Income Band766,114
Propensity of Renter Occupied Housing In Market Area With Income Brand50%
Existing Competetive Supply383,057
Under Construction / Proposed Units38,306
Total Projected Supply421,363
Income qualified Households (Current Demand)297,164
Plus Friction Vacancy @ 10%15,398
Total potential demand for units in Defined Income Brand312,562
Residual Demand108,801
Indicated Penetration Rate74.2%

Data sourced by Crexi, CoStar & US Census Bureau

Reagan R. Schwarzlose
FRICS | MAI | CRE | CCIM
CEO | Principal
+1-480-440-2842 EXT. 06
Jason D. Beakley
CERTIFIED GENERAL APPRAISER
Director
+1-480-440-2842 EXT. 09
Bruce D. Grennberg
FRICS | MAI | SRA | ASA | ARM
Managin Director | Principal
+1-480-440-2842 EXT. 01