2022 Office Space Rent & Sales
- $19.36 2022 Avg. Asking Rent
- -1.84% Y-o-Y Avg. Asking Rent Change
- 20.04% 2022 Office Vacancy Rate
- $48.8M2022 Total Office Sales
- $122.18Avg. Sale Price/SF
Aurora office price per square foot in 2022 was $19.36 on average. This marked a -1.84% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 20.04% across all asset classes combined. The 7 transactions that closed here throughout 2022 amounted to a total sale volume of $48.8M. Aurora office space commanded an average sale price per square foot of $122.18.
Average Rent by Office Class
2022 Average Office Rent per Square Foot
- Aurora Class A & A+ Office Space$26.06
- Aurora Class B Office Space$20.21
- Aurora Class C Office Space$13.77
- Colorado Class A & A+ Office Space$37.34
- Colorado Class B Office Space$25.04
- Colorado Class C Office Space$18.06
Aurora, CO Office Asking Rents by Class
Average office rent in Aurora rested at $19.36 per square foot in 2022. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in Aurora averaged $26.06 per square foot. Across all submarkets, class B office space recorded an average asking rent of $20.21 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $13.77 per square foot, on average. Comparably, statewide Colorado average office rents by class in 2022 were: $37.34 per square foot for class A office space; $25.04 per square foot for class B office space; $18.06 per square foot for class C office space.
2022 Office Vacancy Rates in Aurora
Submarket | Asking Rents | Vacancy Rates |
---|---|---|
Aurora | $20.23 | 19.79% |
Denver - East | $14.59 | 11.76% |
Aurora Office Sale Price per SF
- $122.182022 Avg. Price per SF
- -27.47%Y-o-Y Avg. PpSF Change
- $48.8M2022 Office Sales Volume
- 72022 Number of Transactions
Aurora, CO Sale Price per SF Trend
- Aurora Avg. Sale Price per SF in 2022$122.18
- Colorado Avg. Sale Price per SF in 2022$303.01
2022 Office Sales Volume
- Aurora, CO Total Office Sales Volume in 2022 $48.8M
- Aurora, CO Total Number of Office Sales Closed in 2022 7
Largest Aurora Office Sales in 2022
Property name | Address | Date | Price |
---|---|---|---|
16401 East Centretech Pkwy | 16401 East Centretech Pkwy | 10/27/2022 | $17,769,900 |
777 South Sable Blvd | 777 South Sable Blvd | 8/5/2022 | $11,224,200 |
Havana Tower | 1450 South Havana Street | 1/6/2022 | $5,400,000 |
Southeast Commons | 2101 South Blackhawk Street | 3/1/2022 | $5,170,000 |
14305 East Alameda Avenue | 14305 East Alameda Avenue | 8/9/2022 | $3,550,000 |
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2022 Office Construction in Aurora, CO
- Aurora, CO Total SF completed in 2022 90,000
During 2022, 90,000 square feet of new office space were delivered across the market. At the close of 2022, the Aurora office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 90,000 square feet of office space.
Office building | Address | SF | Completed |
---|---|---|---|
25551 E Smoky Hill Rd | 25551 E Smoky Hill Rd, 80016 | 6,679 | 2014 |
The Offices at Southlands | 6155 South Main Street, 80016 | 325,259 | 2006 |
Point Belleview | 5001 South Parker Road, 80015 | 37,736 | 2006 |
Cubework Aurora | 2470 Airport Blvd, 80011 | 332,075 | 2004 |
Norfolk Tech Center - Building 1 | 16710 East 2nd Avenue, 80011 | 25,000 | 2002 |
Three Gateway Centre | 3855 Lewiston Street, 80011 | 79,818 | 2001 |
362 Norfolk St | 362 Norfolk St, 80011 | 1,475 | 2001 |
16401 East Centretech Parkway | 16401 East Centretech Parkway, 80011 | 116,500 | 1998 |
14305 East Alameda Avenue | 14305 East Alameda Avenue, 80012 | 26,419 | 1987 |
Executive Place Business Center | 11211 East Arapahoe Road, 80112 | 72,194 | 1985 |
Worth noting among recent office completions on the Aurora market is 25551 E Smoky Hill Rd, which is currently the largest new office development in the city, at 6,679 square feet.
See reports for other markets
- Denver Office Rent Price
- Colorado Springs Office Rent Price
- Boulder Office Rent Price
- Englewood Office Rent Price
- Centennial Office Rent Price
- Fort Collins Office Rent Price
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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 2022 through December 31st 2022. Construction pipeline data represented herein is valid as of April 2023. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Aurora 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.