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Denver- Q4 2022 Multifamily Figures

Denver's multi-family market has seen some significant changes in the fourth quarter of 2022. According to recent reports, the overall occupancy rate decreased by 80 basis points to 94.5%. This marks the first time in seven quarters that the occupancy rate has dipped below the 95.0% mark. In addition to a decrease in occupancy rates, the average rental rate has also decreased. The asking rental rate now stands at $1,874 per unit, or $2.15 per square foot, which is down approximately $36 [...]

What Our Investors Say:

“I was involved with Bobby on 2 very successful apartment builds and sales. The flow of information including K-1s was superb and timely, questions answered promptly and cheerfully. I would not hesitate to invest again with him.”

Bob Ittner, Client

“I have trusted Normandy Residential Services, and its representative, Bobby Geary, with a number of real estate partnership investments in recent years.  He has consistently shown a keen eye for a successful property in which to invest, and a thorough and professional handling of the transaction.  In each case, the investment has met or exceeded my expectations.”

Cully Lipsey, Client
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