This Colorado Market Claims Largest Apartment Inventory Increase in the Nation

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The small Colorado Spring apartment market has been adding prolific amounts of new apartment units over the recent past, and the near future will be no exception. In the next four quarters, Colorado Springs is set to receive 6,700 new apartment units, swelling by 12.5% – the largest annual net inventory increase in the nation. Each of the market’s four submarkets will see big expansion, according to RealPage Market Analytics. North Colorado Springs will grow by 15.6% in the year-ending 2nd quarter 2024 as 2,450 units come online. East Colorado Springs will grow by an astounding 18.7% in the upcoming year as just over 2,000 units will be added to that submarket. Central Colorado Springs will grow by about 1,280 units, accounting for a 9.2% annual inventory jump. And West Colorado Springs will see about 950 new units delivered in the next four quarters, growing inventory by 7.2%.