Broomfield Office Rent Price & Sales Report

2022 Office Space Rent & Sales

  • $32.95 2022 Avg. Asking Rent
  • 13.08% 2022 Office Vacancy Rate
  • $151.9M2022 Total Office Sales
  • $229.39Avg. Sale Price/SF

Broomfield office price per square foot in 2022 was $32.95 on average. The local office market recorded an average vacancy rate of 13.08% across all asset classes combined. The 4 transactions that closed here throughout 2022 amounted to a total sale volume of $151.9M. Broomfield office space commanded an average sale price per square foot of $229.39.

Average Rent by Office Class

2022 Average Office Rent per Square Foot

  • Broomfield Class A & A+ Office Space$33.27
  • Broomfield Class B Office Space$28.01
  • Colorado Class A & A+ Office Space$37.34
  • Colorado Class B Office Space$25.04
  • Colorado Class C Office Space$18.06

Broomfield, CO Office Asking Rents by Class

2022 Office Vacancy Rates in Broomfield

Submarket Asking Rents Vacancy Rates
I-25 Corridor $41.42 15.53%
Denver Boulder Turnpike $30.70 12.87%
Data provided by Commercial Edge
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Broomfield market was 13.08% in 2022. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Broomfield was 12.87% in the Denver Boulder Turnpike submarket, while the highest office vacancy in the market was 15.53%, recorded in I-25 Corridor.

Office Spaces for Rent in Colorado

Broomfield Office Sale Price per SF

  • $229.392022 Avg. Price per SF
  • -7.61%Y-o-Y Avg. PpSF Change
  • $151.9M2022 Office Sales Volume
  • 42022 Number of Transactions

Broomfield, CO Sale Price per SF Trend

  • Broomfield Avg. Sale Price per SF in 2022$229.39
  • Colorado Avg. Sale Price per SF in 2022$303.01
Broomfield office space cost in 2022 marked a -7.61% change compared to the previous year. The sale price for office space in Broomfield averaged $229.39 per square foot in 2022, across all market subdivisions and asset classes. Conversely, the statewide Colorado average office sale price during the same time period was $303.01 per square foot.

2022 Office Sales Volume

  • Broomfield, CO Total Office Sales Volume in 2022 $151.9M
  • Broomfield, CO Total Number of Office Sales Closed in 2022 4
A total of 4 deals closed on the Broomfield office market in 2022, adding up to a yearly sales volume of $151.9M. Notably, the largest transaction on the market saw Interlocken Business Park - 370 Interlocken Blvd change hands for $34,450,000 on 6/3/2022.

Largest Broomfield Office Sales in 2022

Property name Address Date Price
Interlocken Business Park - 370 Interlocken Blvd 370 Interlocken Blvd 6/3/2022 $34,450,000
340 East 1st Avenue 340 East 1st Avenue 1/4/2022 $5,850,000
Data provided by Commercial Edge

Coworking Spaces in Colorado

2022 Office Construction in Broomfield, CO

Largest Office Properties Recently Completed in Broomfield
Office building Address SF Completed
Arista Place 8181 Arista Place, 80021 105,288 2016
385 Interlocken Crescent 385 Interlocken Crescent, 80021 300,300 2010
The Chateaux At Fox Meadows 13654 Xavier Ln, 80023 8,760 2006
16677 Lowell Blvd 16677 Lowell Blvd, 80023 6,858 2005
16677 Lowell Blvd 16677 Lowell Blvd, 80023 6,623 2005
Interlocken Business Park - 390 Interlocken Crescent 390 Interlocken Crescent, 80021 241,516 2004
Eldorado Ridge III 10901 West 120th Avenue, 80021 108,318 2004
390 Interlocken Crescent 390 Interlocken Crescent, 80021 241,226 2002
Mainstreet at Flatiron 520 Zang Street, 80021 93,657 2002
Interlocken Business Park - 380 Interlocken Crescent 380 Interlocken Crescent, 80021 240,185 2001

Worth noting among recent office completions on the Broomfield market is Arista Place, which is currently the largest new office development in the city, at 105,288 square feet.

Data provided by Commercial Edge

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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 Broomfield 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.