Figures

Colorado Springs Multifamily Figures H1 2026

August 11, 2026 5 Minute Read

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  • The Colorado Springs multifamily market closed the first half of 2026 with an occupancy rate of 94.4%. This represents a healthy 150 basis point (bps) increase from year-end 2025 and is the market's highest occupancy rate in nearly four years.
  • Net absorption rebounded in H1 2026 with 1,319 units absorbed, up from 172 units in H2 2025 and on par with the 1,325 units absorbed over the same period a year earlier.
  • New completions continued to decline, as the first half of 2026 saw just 369 units deliver. Comparatively, the market had 840 units deliver in H2 2025 and 543 units during the year-earlier period.
  • The average rent per unit increased steadily in H1 2026, reaching $1,457 or an increase of 2.3% compared to the year-end 2025 average. On the year, rents were still down by an average of 2.6%.
  • Investment activity remained limited in H1 2026 with a total sales volume of $82.5 million. Despite increasing from $22.9 million in H2 2025, investment volume has been well below recent historical levels over the past 12 months.