2020 Office Space Rent & Sales
- $21.30 2020 Avg. Asking Rent
- 0.75% Y-o-Y Avg. Asking Rent Change
- 10.07% 2020 Office Vacancy Rate
- $18.1M2020 Total Office Sales
- $94.05Avg. Sale Price/Sqft
Aurora office price per square foot in 2020 was $21.30 on average. This marked a +0.75% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 10.07% across all asset classes combined. The 3 transactions that closed here throughout 2020 amounted to a total sale volume of $18.1M. Aurora office space commanded an average sale price per square foot of $94.05.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Aurora Class A Office Space$28.26
- Aurora Class B Office Space$20.42
- Aurora Class C Office Space$16.35
- Colorado Class A Office Space$33.93
- Colorado Class B Office Space$24.71
- Colorado Class C Office Space$17.89
Aurora, CO Office Asking Rents by Class
Average office rent in Aurora rested at $21.30 per square foot in 2020. 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 $28.26 per square foot. Across all submarkets, class B office space recorded an average asking rent of $20.42 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $16.35 per square foot, on average. Comparably, statewide Colorado average office rents by class in 2020 were: $33.93 per square foot for class A office space; $24.71 per square foot for class B office space; $17.89 per square foot for class C office space.
Aurora Office Sale Price per Sqft
Aurora, CO Sale Price per Sqft Trend
- Aurora Avg. Sale Price per Sqft in 2020$94.05
- Colorado Avg. Sale Price per Sqft in 2020$209.71
2020 Office Sales Volume
- Aurora, CO Total Office Sales Volume in 2020 $18.1M
- Aurora, CO Total Number of Office Sales Closed in 2020 3
Largest Aurora Office Sales in 2020
|16401 East Centretech Pkwy||16401 East Centretech Pkwy||1/7/2020||$13,377,550|
|Aurora Park Plaza II||12510 East Iliff Avenue||3/2/2020||$2,400,000|
|11059 East Bethany Drive||11059 East Bethany Drive||7/31/2020||$2,300,000|
2020 Office Construction in Aurora, CO
- Aurora, CO Total Sqft completed in 2020 117,000
During 2020, 117,000 square feet of new office space were delivered across the market. At the close of 2020, the Aurora office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 117,000 square feet of office space.
|Fitzsimons Innovation Campus - Bioscience 3||2115 North Scranton Pkwy, 80045||117,000||2020|
|Fitzsimons Innovation Campus - Bioscience 2||12705 East Montview Blvd, 80014||112,000||2015|
|Cornerstar Healthcare Plaza||15901 East Briarwood Circle, 80016||27,000||2013|
|Fitzsimons Village - Fitzsimons 100||13100 East Colfax Avenue, 80011||168,029||2011|
|CU Medicine Building||13199 East Montview Blvd, 80045||192,346||2009|
|Leprino Building||12401 East 17th Avenue, 80045||264,000||2007|
|University of Colorado Anschutz Medical Campus - Education 1 & Fulginiti Center||13070 East 19th Avenue, 80045||134,726||2007|
|University of Colorado Anschutz Medical Campus - Education II South||13121 East 17th Avenue, 80045||114,922||2007|
|3292 Peoria Street||3292 Peoria Street, 80010||33,866||2007|
|The Offices at Southlands||6155 South Main Street, 80016||325,259||2006|
Worth noting among recent office completions on the Aurora market is Fitzsimons Innovation Campus - Bioscience 3, which is currently the largest new office development in the city, at 117,000 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 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.