Since 2010, metro Denver went from one of the most affordable rental markets in the nation to one of the most expensive. RealPage data show that the metro's rent price appreciation is the fourth fastest in the U.S. during that period.
The total national rental vacancy rate was 7.1 percent in the third quarter of 2018, down four basis points year-over-year, and still below historical levels.
In December 2018, total residential construction spending posted the first annual loss, 1.3 percent, since 2011. But, multifamily construction spending had a record high, 3.1 percent, to a $65.2 billion annual pace.