Developers delivered more than 5,000 apartments in the first quarter in metro Denver, and renters absorbed almost all of them

Denver Post

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Private Equity: Alden Global Capital

Developers delivered more than 5,000 apartments in the first quarter in metro Denver, and renters absorbed almost all of them

Apartment rents and vacancy rates in metro Denver stayed mostly flat as the market absorbed an unexpectedly large number of new units in the first quarter. Developers delivered 5,144 apartments in the first three months. And despite reports from the U.S. Census Bureau of slowing migration to Colorado, tenants absorbed 5,034 of those units, according to the 2024 First Quarter Vacancy & Rent Report for Metro Denver from the Apartment Association o…