2020 Office Space Rent & Sales
- $25.46 2020 Avg. Asking Rent
- -3.54% Y-o-Y Avg. Asking Rent Change
- 15.44% 2020 Office Vacancy Rate
Englewood office price per square foot in 2020 was $25.46 on average. This marked a -3.54% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 15.44% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Englewood Class A Office Space$27.14
- Englewood Class B Office Space$23.68
- Englewood Class C Office Space$20.22
- Colorado Class A Office Space$33.93
- Colorado Class B Office Space$24.71
- Colorado Class C Office Space$17.89
Englewood, CO Office Asking Rents by Class
Average office rent in Englewood rested at $25.46 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 Englewood averaged $27.14 per square foot. Across all submarkets, class B office space recorded an average asking rent of $23.68 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $20.22 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.
2020 Office Vacancy Rates in Englewood
|Submarket||Asking Rents||Vacancy Rates|
2020 Office Construction in Englewood, CO
- Englewood, CO Total Sqft completed in 2020
- Englewood, CO Total Sqft under construction in 2021 104,000
During 2020, square feet of new office space were delivered across the market. At the close of 2020, the Englewood office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space. Looking forward, development activity throughout 2021 is estimated to add 104,000 square feet of office space to the market, before year-end.
|Synergy Medical Center||500 East Hampden Avenue, 80113||118,000||2021|
|UCHealth Steadman Hawkins Clinic Denver & CU Sports Medicine||167 Inverness Drive West, 80112||144,850||2019|
|169 Inverness||169 Inverness Drive West, 80112||118,859||2017|
|INOVA Dry Creek - Flex Building||7304 South Joliet Street, 80112||71,172||2016|
|86 Inverness Place North||86 Inverness Place North, 80112||36,383||2016|
|14810 Grasslands Drive||14810 Grasslands Drive, 80112||84,800||2014|
|TriZetto Corporation Headquarters||9655 Maroon Circle, 80112||166,912||2013|
|7759 South Wheeling Court||7759 South Wheeling Court, 80112||25,000||2012|
|Pulte Mortgage Building||7390 South Iola Street, 80112||95,265||2009|
|Parkside Office Plaza||349 Inverness Drive South, 80112||99,797||2008|
Worth noting among recent office completions on the Englewood market is Synergy Medical Center, which is currently the largest new office development in the city, at 118,000 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 Englewood 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.