Colorado Springs Multifamily Figures H2 2025

‒      The Colorado Springs multifamily market closed 2025 with an occupancy rate of 93.0%. This represents a 40 basis point (bps) increase from 2024 and a 20 bps increase from 2023.

‒      Absorption remains healthy but continues to decline along with new completions. A total of 1,540 units were absorbed in 2025, down from 3,776 units in 2024 and 59.9% below 2023’s total.

‒      1,383 units delivered in 2025, down from 4,242 units in 2024. New completions continue to fall since their peak in 2023 when 4,723 units delivered.

‒      The average rent per unit in Colorado Springs dropped to $1,410, a decline of 7.5% compared to 2024 and a steeper decline of 10.0% since 2023.

‒      2025 investment sales volume amounted to $248 million, 31.5% less than the $361 million seen in 2024 but an increase from the $214 million seen in 2023.