Golden Office Rent Price & Sales Report

2020 Office Space Rent & Sales

  • $23.61 2020 Avg. Asking Rent
  • -0.40% Y-o-Y Avg. Asking Rent Change
  • 11.32% 2020 Office Vacancy Rate

Golden office price per square foot in 2020 was $23.61 on average. This marked a -0.40% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 11.32% across all asset classes combined.

Average Rent by Office Class

2020 Average Office Rent per Square Foot

  • Golden Class A Office Space$25.27
  • Golden Class B Office Space$24.00
  • Golden Class C Office Space$18.56
  • Colorado Class A Office Space$33.93
  • Colorado Class B Office Space$24.71
  • Colorado Class C Office Space$17.89

Golden, CO Office Asking Rents by Class

Average office rent in Golden rested at $23.61 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 Golden averaged $25.27 per square foot. Across all submarkets, class B office space recorded an average asking rent of $24.00 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $18.56 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 Golden

Submarket Asking Rents Vacancy Rates
Lakewood - West $23.98 15.90%
Golden $22.55 5.15%
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 Golden market was 11.32% in 2020. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Golden was 5.15% in the Golden submarket, while the highest office vacancy in the market was 15.90%, recorded in Lakewood - West.

Office Spaces for Rent in Colorado

2020 Office Construction in Golden, CO

  • Golden, CO Total Sqft completed in 2020

During 2020, square feet of new office space were delivered across the market. At the close of 2020, the Golden office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.

Largest Office Properties Recently Completed in Golden
Office building Address Sqft Completed
791 Pine Ridge Road 791 Pine Ridge Road, 80403 28,535 2018
Jefferson Office Park - South West Building 1010 Johnson Road, 80401 28,258 2016
Jefferson Office Park - East Park Building 1020 Johnson Road, 80401 42,904 2013
Red Rocks Medical Center 400 Indiana Street, 80401 117,649 2010
Jefferson Office Park - North West Building 1030 Johnson Road, 80401 28,258 2009
1150 Catamount Drive 1150 Catamount Drive, 80403 26,180 2008
751 Pine Ridge Road 751 Pine Ridge Road, 80403 28,535 2006
701 Pine Ridge Road 701 Pine Ridge Road, 80403 28,535 2004
Canyon Point II 112 North Rubey Drive, 80403 26,115 2003
Clear Creek Square - 600 12th Street 600 12th Street, 80401 79,705 2001

Worth noting among recent office completions on the Golden market is 791 Pine Ridge Road, which is currently the largest new office development in the city, at 28,535 square feet.

Data provided by Commercial Edge

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 Golden 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.