Colorado Springs Multifamily Occupancy Surges to Nearly 4-Year High
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Apartments are filling up in Colorado Springs, as new supply slows considerably. Occupancy surged by 150 basis points in the first half to 94.4 percent compared with the last six months of 2025, according to a market report from CBRE. This marks the highest occupancy seen in almost four years in the market.
Vacancy was the lowest in North Colorado Springs (5.2 percent), followed by East Colorado Springs (5.5 percent).
That came as new supply continued to dip, with just 369 deliveries, down from the 840 seen at the end of 2025. Net absorption of 1,319 units not only far outpaced the new supply but rose by 172 units from the second half of last year.
Average rent per month improved by 2.3 percent to an average of $1,457. Still, rents remain down by 2.6 percent over the last 12 months.
On the other hand, investment sales nearly quadrupled to $82.5 million in the second half of 2025. While this might look strong at face value — it's not quite so when put into an historical perspective.
"Despite increasing from $22.9 million in H2 2025, investment volume has been well below recent historical levels over the past 12 months," CBRE said.
The largest first-half multifamily trade by volume involved 150-unit Copper Chase Apartments, which sold for $23 million. Lincoln Springs Apartments and Newport Square ranked as the next two biggest, selling for $14.65 million and $11 million, respectively. Rounding out the top five were Arbor Pointe ($11 million) and Sonoma Heights Apartments ($5.16 million).
Source: GlobeSt/ALM