Episode 61: 68% of Denver Rentals Offering Concessions — Where NOT to Buy

Episode 61 of "What's Hot, What's Not C.R.E." — Monday, March 16th, 2026Topic: Residential & Multifamily — Today's Most Relevant Data🔥 WHAT'S HOT:Build-to-Rent (BTR): 97%+ occupancy vs 94.8% conventional, 68,700 units under construction, completions declining through 2027Supply Wave Cresting: New starts at lowest since 2012, ~300,000 completions in 2026 (half of 2024 peak), pipeline thinned to 690,000 unitsRegional Winners: Northeast 96.1% occupancy, Midwest 95.6%, Chicago most undersupplied and demand-driven metroInvestor Sentiment Improving: More buyers in 2026 than 2025, financing more predictable, MBA forecasts significant originations increaseSun Belt Oversupply: South at 93.9% occupancy (lowest region), Austin and Phoenix steep annual rent declinesConcession Crisis: Denver 68% of rentals offering concessions, Phoenix 50%+ offering at least one month freeNational Rent Stagnant: Average $1,740 unchanged from January, 0.4% below February 2025Concessions Masking Performance: 1-4 months free inflates headline rents but compresses effective NOI❄️ WHAT'S NOT:💡 WHY IT MATTERS:The multifamily market is normalizing — not collapsing. Supply is finally slowing, occupancy is stabilizing, and investor appetite is returning. But performance is highly regional. Northeast and Midwest are tightening. Sun Belt is still absorbing.🎯 INVESTOR TAKEAWAY:Focus on supply-constrained markets with occupancy above 95%. BTR continues to outperform. Avoid chasing deals in oversupplied Sun Belt metros until concessions burn off. Calculate net effective rent — not asking rent. Market selection is everything in 2026.🎧 Listen daily for your 3-minute institutional CRE briefing.🌐 Visit hotnotcre.com to learn more and subscribe to our newsletter.#CommercialRealEstate #CRE #Multifamily #BuildToRent #BTR #SingleFamilyRental #ApartmentInvesting #RentGrowth #Occupancy #Vacancy #RentConcessions #SunBelt #Denver #Phoenix #Austin #Northeast #Midwest #Chicago #RealEstateInvesting #MultifamilyInvesting #PropertyInvestment #RealEstateNews #CREInvesting #MultifamilyMarket #ApartmentMarket #RealEstateTrends #SupplyPipeline #NewConstruction #RealEstateData #MarketUpdate #DailyPodcast #CREPodcast #WhatsHotWhatsNot #InvestorInsights #RealEstateStrategy #MondayMarketUpdate