2022 Office Space Rent & Sales
- $30.33 2022 Avg. Asking Rent
- 2.72% Y-o-Y Avg. Asking Rent Change
- 9.18% 2022 Office Vacancy Rate
- $747.6M2022 Total Office Sales
- $592.33Avg. Sale Price/SF
Boulder office price per square foot in 2022 was $30.33 on average. This marked a +2.72% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 9.18% across all asset classes combined. The 16 transactions that closed here throughout 2022 amounted to a total sale volume of $747.6M. Boulder office space commanded an average sale price per square foot of $592.33.
Average Rent by Office Class
2022 Average Office Rent per Square Foot
- Boulder Class A & A+ Office Space$50.67
- Boulder Class B Office Space$30.18
- Colorado Class A & A+ Office Space$37.34
- Colorado Class B Office Space$25.04
- Colorado Class C Office Space$18.06
Boulder, CO Office Asking Rents by Class
Boulder Office Sale Price per SF
- $592.332022 Avg. Price per SF
- $747.6M2022 Office Sales Volume
- 162022 Number of Transactions
Boulder, CO Sale Price per SF Trend
- Boulder Avg. Sale Price per SF in 2022$592.33
- Colorado Avg. Sale Price per SF in 2022$303.01
2022 Office Sales Volume
- Boulder, CO Total Office Sales Volume in 2022 $747.6M
- Boulder, CO Total Number of Office Sales Closed in 2022 16
Largest Boulder Office Sales in 2022
Property name | Address | Date | Price |
---|---|---|---|
Flatiron Park - 2400 & 2450 Central Avenue | 2400 Central Avenue | 4/5/2022 | $116,000,000 |
Flatiron Park - 5500 & 5700-5720 Flatiron Pkwy | 5700 Flatiron Pkwy | 4/5/2022 | $103,600,000 |
1685-1775 38th Street | 1685 38th Street | 7/27/2022 | $85,250,000 |
Flatiron Park - 5500, 5525 Central Avenue & 2108 55th Street | 5500 Central Avenue | 4/5/2022 | $76,900,000 |
Flatiron Park - 5541 Central Avenue | 5541 Central Avenue | 4/5/2022 | $68,200,000 |
Coworking Spaces in Colorado
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2022 Office Construction in Boulder, CO
- Boulder, CO Total SF completed in 2022 62,989
- Boulder, CO Total SF under construction in 2023 154,000
During 2022, 62,989 square feet of new office space were delivered across the market. At the close of 2022, the Boulder office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 62,989 square feet of office space. Looking forward, development activity throughout 2023 is estimated to add 154,000 square feet of office space to the market, before year-end.
Office building | Address | SF | Completed |
---|---|---|---|
The Reve | 3000 Pearl Pkwy, 80301 | 125,000 | 2021 |
S'PARK - Market Building | 3200 Bluff Street, 80301 | 53,000 | 2019 |
3107 Iris Avenue | 3107 Iris Avenue, 80301 | 38,177 | 2018 |
Boulder Commons North Building | 2490 Junction Place, 80301 | 60,200 | 2017 |
Pearl West | 1048 Pearl Street, 80302 | 175,027 | 2016 |
6035 Longbow Drive | 6035 Longbow Drive, 80301 | 30,317 | 2016 |
4665 Nautilus Court | 4665 Nautilus Court, 80301 | 36,942 | 2008 |
1055 Canyon Blvd | 1055 Canyon Blvd, 80302 | 21,316 | 2008 |
950 Laramie Blvd | 950 Laramie Blvd, 80304 | 727 | 2007 |
Gunbarrel Business Park - 6450 Gunpark Drive | 6450 Gunpark Drive, 80301 | 67,474 | 2006 |
Worth noting among recent office completions on the Boulder market is The Reve, which is currently the largest new office development in the city, at 125,000 square feet.
See reports for other markets
- Denver Office Rent Price
- Colorado Springs Office Rent Price
- Englewood Office Rent Price
- Centennial Office Rent Price
- Fort Collins Office Rent Price
- Greenwood Village Office Rent Price
- Aurora Office Rent Price
- Lakewood Office Rent Price
- San Francisco Office Rent Price
- Atlanta Office Rent Price
- Austin Office Rent Price
- Charlotte Office Rent Price
- Phoenix Office Rent Price
- Houston Office Rent Price
- Chicago Office Rent Price
- San Antonio Office Rent Price
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 Boulder 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.