Highlights
- The average rent for office space in Denver is $35.60 per square foot, 4.77% lower compared to the previous year.
- The average sale price for office space in Denver is $95.95 per square foot, marking an increase of 2.80% compared to 2024.
- The market’s vacancy rate stands at 21.56%, higher than the state average of Colorado, which is 17.03%.
- Renting Class A/A+ office space here costs $37.67 per square foot, while Class B averages $26.25 and Class C stands at $17.60.
- 219,211 square feet is currently under construction.
2025 Office Space Rent & Sales
- $35.60 2025 Avg. Asking Rent
- -4.77% Y-o-Y Avg. Asking Rent Change
- 21.56% 2025 Office Vacancy Rate
- $640.9M2025 Total Office Sales
- $95.95Avg. Sale Price/SF
What is the average asking rent price for office space in Denver?
Average asking rents for office space here stand at $35.60 per square foot. The local office market recorded an average vacancy rate of 21.56% in 2025, unchanged from 21.56% in 2024.
Office transactions in the local market in 2025 totaled a sales volume of $640.9M across 29 sales. These transactions commanded an average sale price per square foot of $95.95.
Denver, CO Office Asking Rents by Class
What is the average office rent per square foot by property class in Denver?
- Avg. Asking Rent Class A & A+$37.67
- Avg. Asking Rent Class B$26.25
- Avg. Asking Rent Class C$17.60
The average asking rent for Class A and A+ office space stood at $37.67 per square foot, indicating the best — and most expensive — that the market has to offer.
Class B space in Denver averaged $26.25 per square foot, while the average for Class C space was $17.60 per square foot.
What is the average office rent per square foot by property class in CO?
- Avg. Asking Rent Class A & A+$36.26
- Avg. Asking Rent Class B$23.35
- Avg. Asking Rent Class C$18.67
For comparison, the average rent for Class A and A+ office space in Colorado was $36.26 per square foot. The state-wide average for Class B space was $23.35 per square foot, and Class C office spaces averaged $18.67 per square foot.
Denver, CO Office Indicators by Submarket
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Denver - Highland | $49.68 | 13.60% |
| Denver - LoDo | $43.93 | 14.00% |
| Denver - Central Business District | $41.65 | 25.56% |
| Denver - Five Points | $35.74 | 36.90% |
| Denver - Capitol Hill | $34.02 | 13.56% |
| Denver - Cherry Creek | $32.95 | 16.47% |
| Denver Tech Center | $31.31 | 25.84% |
| Denver - North | $30.26 | 6.93% |
| Denver - South | $29.56 | 13.55% |
| Denver - Glendale | $28.41 | 15.42% |
| Lakewood - West | $27.07 | 19.12% |
| Denver - West | $26.00 | 2.48% |
| Denver - Northeast | $25.00 | 11.10% |
| I-25 Corridor | $22.66 | 9.58% |
| Arvada | $21.57 | 11.22% |
| Denver - East | $19.15 | 19.76% |
| Highway 121 Corridor | $18.65 | 20.12% |
2025 Office Sales Volume
- $95.952025 Avg. Price per SF
- 2.80%Y-o-Y Avg. PpSF Change
- $640.9M2025 Office Sales Volume
- 292025 Number of Transactions
What is the average sale price per square foot for office space in Denver?
Average sale prices for office space in this market recorded a +2.80% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $95.95 per square foot. For comparison, the statewide Colorado average during the same time period stood at $109.34 per square foot, while the national average was $182.48 per square foot.
Denver, CO Sale Price per SF Trend
- Denver Avg. Sale Price per SF in 2025$95.95
- Colorado Avg. Sale Price per SF in 2025$109.34
What was the total office sales volume in Denver in 2025?
The local office market recorded 29 deals in 2025, adding up to a yearly sales volume of $640.9M.
- Denver, CO Total Office Sales Volume in 2025 $640.9M
- Denver, CO Total Number of Office Sales Closed in 2025 29
What were the largest office building sales in Denver in 2025?
The market’s largest transaction last year was the sale of One Platte for $135,000,000 on 7/3/2025. The next-highest sale was the transaction involving 17th Street Plaza, which traded for $132,500,000. The third-largest transaction was the sale of Citadel, The for $52,000,000.
| Property name | Address | Date | Price |
|---|---|---|---|
| One Platte | 1701 Platte Street | 7/3/2025 | $135,000,000 |
| 17th Street Plaza | 1225 17th Street | 2/25/2025 | $132,500,000 |
| Citadel, The | 3200 East Cherry Creek South Drive | 10/30/2025 | $52,000,000 |
| 910Telecom | 910 15th Street | 4/2/2025 | $38,000,000 |
| HUB North, The | 3660 Blake Street | 9/19/2025 | $33,000,000 |
2025 Office Construction in Denver, CO
- Denver, CO Total SF completed in 2025 310,210
- Denver, CO Total SF under construction in 2026 219,211
How much office space was built in Denver in 2025?
Looking forward, development activity in 2026 is estimated to add 219,211 square feet of office space to the market in total.
What are the largest recent office completions in Denver?
The largest recent office completion here is 1900 Lawrence at 719,956 square feet, completed in 2024. The next largest completions are Block 162 and McGregor Square.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Steel House | 3100 North Brighton Blvd, 80216 | 321,308 | 2025 |
| 1900 Lawrence | 1900 Lawrence Street, 80202 | 719,956 | 2024 |
| Paradigm River North | 3400 Walnut Street, 80205 | 200,000 | 2024 |
| 3083 Walnut | 3083 Walnut Street, 80205 | 65,000 | 2024 |
| One Platte | 1701 Platte Street, 80202 | 250,402 | 2022 |
| Vectra Bank Building | 7222 East Layton Avenue, 80237 | 127,794 | 2022 |
| Block 162 | 675 15th Street, 80202 | 606,493 | 2021 |
| McGregor Square | 1901 Wazee Street, 80202 | 445,695 | 2021 |
| The Link | 1490 Curtis Street, 80202 | 223,890 | 2021 |
| Market Street Station | 1601 Market Street, 80202 | 109,728 | 2021 |
See reports for other markets
- Colorado Springs Office Rent Price
- Boulder Office Rent Price
- Fort Collins Office Rent Price
- Greenwood Village Office Rent Price
- Englewood Office Rent Price
- Centennial Office Rent Price
- Lakewood Office Rent Price
- Littleton Office Rent Price
- Golden Office Rent Price
- Aurora Office Rent Price
- Broomfield Office Rent Price
- Westminster Office Rent Price
- Greenwood Village Office Rent Price
- Arvada Office Rent Price
- Loveland Office Rent Price
- Louisville Office Rent Price
Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
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 Yardi Research Data can guarantee that the information provided is complete.