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%|
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.
|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.
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.