INTRODUCTION
Dear AAMD Members ,
As the 6th largest Apartment Association in the nation , AAMD strives to provide the best in education , professional growth , legislative updates , information , industry reports , and networking opportunities . We are so grateful to you and all of our members - for the continued support and ambassadorship of our industry ! AAMD strives to to meet the ever-changing needs of the industry , and we can ’ t do it without you !
Mark T . Williams Executive Vice President
We also extend our deepest appreciation to those members who support this publication through advertising . Your investment makes this valuable resource possible . We hope the Directory continues to serve as a reliable tool to strengthen your business throughout 2025 .
This year ’ s Directory Cover has a unique perspective on Denver , which is how we ’ re viewing 2025 . As unique as the opportunities are this year , we will also be truly tested . 2025 promises to be a challenging , shaped with numerous uncertainties and threats . With a heavy pipeline of new units still being delivered , we ’ ll likely see flat rents . At the same time , new state laws and regulations are expected to increase operational expenses . Compounded by rising costs for labor , insurance , taxes and materials … plus financing hurdles- everything points to strong headwinds for 2025 .
While the November election pushed the nation toward more conservative policies , Denver continues to move in the other direction , further complicating the local business environment . However , there is good news . Denver remains one of the most beautiful and desirable places to live , and apartment demand is expected to stay strong . As we wrap up 2024 , several metrics paint a picture of a strong & dynamic market :
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435,000 apartments in Metro Denver , calculates to $ 10 billion in annual apartment rent income 34,000 new units under construction ,+ 57,000 more being considered 600,000 units in Colorado , over 1.1 million Coloradans living in apartments Average rent in the Denver Metro area is $ 1,911 , or $ 2.22 / sq ft
� $ 1,798 is the average rent in Colorado ($ 1,531 if excluding the Denver area )
� The total value of apartment stock in Metro Denver exceeds $ 128.7 billion
� Industry Compensation rose 12.6 % from 2022-24 , but turnover remains a challenge at 38 %
As 2025 begins , our top priority remains protecting your business ! While housing affordability continues to be a priority for lawmakers , unfortunately , their efforts have unintended consequences that usually worsen the issues . The NMHC reports > 40 % of apartment housing costs are from govt regulations . And the hits just keep coming , with Colorado legislature passing a record # of bills in 2024 , an output which is the 3rd highest in the US according to the Common Sense Institute . CSI also reports 2024 laws are 51 % more complex than laws written from 2012-2018 . But , rest assured , AAMD & CAA are ready to advocate for you and minimize these impacts ! Beyond advocacy , AAMD is focused on a variety of initiatives to strengthen the apartment industry in 2025 :
‣ Attracting new talent to the industry through targeted campaigns and Job Fairs
‣ Expand Hands-On Maintenance Education ( H . O . M . E ) & the Maintenance Apprenticeship Program ( MAP )
‣ Advancing our Junior Achievement partnership to nurture future talent and renters
‣ Offering our latest Compensation Report includes data from 169,753 Units and 3,572 people
‣ Updating the CAA Legal Handbook and expanding the “ Coffee with Lawyers ” program
‣ Investing in Artificial Intelligence to improve efficiencies and the overall member experience
Watch for updates on all of these programs and more throughout 2025 !
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