Greenwood Village Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Greenwood Village is $29.29 per square foot, 5.12% higher compared to the previous year.
  • The average sale price for office space in Greenwood Village is $171.65 per square foot, marking an increase of 137.42% compared to 2024.
  • The market’s vacancy rate stands at 23.62%, higher than the state average of Colorado, which is 17.03%.

2025 Office Space Rent & Sales

  • $29.29 2025 Avg. Asking Rent
  • 5.12% Y-o-Y Avg. Asking Rent Change
  • 23.62% 2025 Office Vacancy Rate
  • $94.1M2025 Total Office Sales
  • $171.65Avg. Sale Price/SF

What is the average asking rent price for office space in Greenwood Village?

Average asking rents for office space here stand at $29.29 per square foot. The local office market recorded an average vacancy rate of 23.62% in 2025, unchanged from 23.62% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $94.1M across 7 sales. These transactions commanded an average sale price per square foot of $171.65.

Greenwood Village, CO Office Asking Rents by Class

What is the average office rent per square foot by property class in Greenwood Village?

  • Avg. Asking Rent Class A & A+$35.84
  • Avg. Asking Rent Class B$26.45

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.

Greenwood Village, CO Office Indicators by Submarket

In 2025, the submarket with the lowest office vacancy rate in Greenwood Village was Centennial at 18.47%. Meanwhile, the highest office vacancy rate in the market was 25.84%, recorded in Denver Tech Center.
Submarket Asking Rents Vacancy Rates
Denver Tech Center $31.31 25.84%
Centennial $22.47 18.47%
Data provided by Yardi Research

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2025 Office Sales Volume

  • $171.652025 Avg. Price per SF
  • $94.1M2025 Office Sales Volume
  • 72025 Number of Transactions

What is the average sale price per square foot for office space in Greenwood Village?

Average sale prices for office space in this market recorded a +137.42% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $171.65 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.

Greenwood Village, CO Sale Price per SF Trend

  • Greenwood Village Avg. Sale Price per SF in 2025$171.65
  • Colorado Avg. Sale Price per SF in 2025$109.34

What was the total office sales volume in Greenwood Village in 2025?

The local office market recorded 7 deals in 2025, adding up to a yearly sales volume of $94.1M.

  • Greenwood Village, CO Total Office Sales Volume in 2025 $94.1M
  • Greenwood Village, CO Total Number of Office Sales Closed in 2025 7
Data provided by Yardi Research

Office Construction in Greenwood Village, CO

What are the largest recent office completions in Greenwood Village?

The largest recent office completion here is Palazzo Verdi at 317,352 square feet, completed in 2008. The next largest completions are One Greenwood Plaza and Fiddlers Green Center II.

Office building Address SF Completed
5571 South Yosemite Street 5571 S Yosemite St, 80111 15,200 2022
Palazzo Verdi 6363 South Fiddlers Green Circle, 80111 317,352 2008
Fiddlers Green Center II 6501 South Fiddlers Green Circle, 80111 206,734 2000
Crestline Office Center 7400 East Crestline Circle, 80111 61,500 2000
One Greenwood Plaza 6550 Greenwood Plaza Boulevard, 80111 247,312 1999
Crescent VI 8400 East Crescent Pkwy, 80111 134,113 1999
Syracuse Hill III 6161 South Syracuse Way, 80111 65,081 1999
Crescent IV 8490 East Crescent Parkway, 80111 40,000 1997
The Crescent VII 8390 East Crescent Parkway, 80111 135,070 1996
Crescent VIII 8350 East Crescent Pkwy, 80111 82,265 1996
Data provided by Yardi Research

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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.