Office Rental Market
- $23.70 2019 Avg. Asking Rent
- 12.88 % 2019 Avg. Vacancy Rate
- 0 2019 Office Completions (Sqft)
- 0 2020 Estimated Pipeline (Sqft)
Average Office Asking Rents by Class
2019 Average Office Rent per Square Foot
- Golden Class A Office Buildings$25.27
- Golden Class B Office Buildings$22.45
- Golden Class C Office Buildings$19.00
- CO Class A Office Buildings$32.93
- CO Class B Office Buildings$24.09
- CO Class C Office Buildings$17.07
Golden, CO Office Asking Rents by Class
Office asking rents vary across the Golden office market depending on several factors, one of which is property class. While rents for Class A office buildings in Golden averaged $25.27 per square foot in 2019, Class B office properties garnered average rental rates of $22.45 per square foot. Rental rates for Class C office property in Golden averaged $19.00 per square foot. On a statewide level, Class B office space rents averaged $24.09 per square foot, while rents for Class A office space across Colorado averaged $32.93 per square foot. On average, Class C office properties in Colorado commanded rents of $17.07 per square foot.
2019 OFFICE VACANCY RATES
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Golden | $24.22 | 3.68 % |
| Lakewood - West | $23.49 | 15.68 % |
- The lowest office vacancy rate in 2019 in Golden was 3.68 % in the Golden submarket, where asking rents averaged $24.22.
- The highest office vacancy rate in 2019 in Golden was 15.68 % in the Lakewood - West submarket, where asking rents averaged $23.49.
OFFICE CONSTRUCTION IN Golden, CO
- Golden, CO Total Sqft completed in 2019 0
- Golden, CO Total Sqft under construction in 2020 0
| Building name | Address | Total Sqft | Year built |
|---|---|---|---|
| 311 10th Street | 311 10th Street, 80401 | 191,638 | 1974 |
| Silagi Simms | 730 Simms Street, 80401 | 183,437 | 2007 |
| Cole Center at Denver West | 1707 Cole Blvd, 80401 | 167,205 | 1981 |
| Denver West Office Park - 14103 & 14123 Denver West Pkwy | 14123 Denver West Pkwy, 80401 | 151,119 | 1995 |
| Denver West Office Park - Building 64 | 14023 Denver West Pkwy, 80401 | 137,700 | 1996 |
| Sixth Avenue West | 350 Indiana Street, 80401 | 124,504 | 1983 |
| Red Rocks Medical Center | 400 Indiana Street, 80401 | 117,649 | 2010 |
| Denver West Office Building #26 | 1819 Denver West Drive, 80401 | 108,639 | 1984 |
| 740 Simms Street | 740 Simms Street, 80401 | 97,167 | 1992 |
| Applewood Tech Center | 2801 Youngfield Street, 80401 | 89,421 | 1982 |
| Office building | Address | Sqft | Completed |
|---|---|---|---|
| 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 |
| Canyon Point II | 112 North Rubey Drive, 80403 | 26,115 | 2003 |
| Clear Creek Square - 600 12th Street | 600 12th Street, 80401 | 79,705 | 2001 |
| 660 Golden Ridge Road | 660 Golden Ridge Road, 80401 | 64,568 | 2000 |
| Genesee Point Office Building | 523 Park Point Drive, 80401 | 59,693 | 2000 |
| Genesee Vista | 25188 Genesee Trail Road, 80401 | 35,475 | 1999 |
Office Spaces for Rent in Colorado
The Golden office market contains an inventory of 1,846,581 square feet of office space, in 29 buildings that are equal to or larger than 25,000 square feet.
This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive 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.