2020 Office Space Rent & Sales
- $18.27 2020 Avg. Asking Rent
- 5.00% 2020 Office Vacancy Rate
Arvada office price per square foot in 2020 was $18.27 on average. The local office market recorded an average vacancy rate of 5.00% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Arvada Class B Office Space$23.15
- Arvada Class C Office Space$16.10
- Colorado Class A Office Space$33.93
- Colorado Class B Office Space$24.71
- Colorado Class C Office Space$17.89
Arvada, CO Office Asking Rents by Class
2020 Office Construction in Arvada, CO
- Arvada, CO Total SF completed in 2020
- Arvada, CO Total SF under construction in 2021 44,300
During 2020, square feet of new office space were delivered across the market. At the close of 2020, the Arvada office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space. Looking forward, development activity throughout 2021 is estimated to add 44,300 square feet of office space to the market, before year-end.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Candelas Medical Offices | 15389 West 91st Place, 80007 | 44,300 | 2021 |
| 5610 Ward Road | 5610 Ward Road, 80002 | 58,287 | 2005 |
| 6100 West 54th Avenue | 6100 West 54th Avenue, 80002 | 38,656 | 2000 |
| 5420 Ward Road | 5420 Ward Road, 80002 | 25,148 | 2000 |
| Columbine Lake Professional Plaza | 6870 West 52nd Avenue, 80002 | 58,592 | 1999 |
| Columbine Professional Plaza - 6770 West 52nd Avenue | 6770 West 52nd Avenue, 80002 | 27,044 | 1998 |
| Kaiser Permanente Hidden Lake Medical Offices | 7701 Sheridan Blvd, 80003 | 73,389 | 1996 |
| 7950 Kipling Street | 7950 Kipling Street, 80005 | 33,190 | 1995 |
| 5460 Ward Road | 5460 Ward Road, 80002 | 36,324 | 1982 |
| 6355 Ward Road | 6355 Ward Road, 80004 | 30,828 | 1982 |
Worth noting among recent office completions on the Arvada market is Candelas Medical Offices, which is currently the largest new office development in the city, at 44,300 square feet.
See reports for nearby markets
This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2020 through December 31st 2020. Construction pipeline data represented herein is valid as of April 2021. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Arvada commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.