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Greenwood Village Office Rent Price & Sales Report

2021 Office Space Rent & Sales

  • $28.23 2021 Avg. Asking Rent
  • 16.55% 2021 Office Vacancy Rate
  • $283.8M2021 Total Office Sales
  • $163.22Avg. Sale Price/SF

Greenwood Village office price per square foot in 2021 was $28.23 on average. The local office market recorded an average vacancy rate of 16.55% across all asset classes combined. The 12 transactions that closed here throughout 2021 amounted to a total sale volume of $283.8M. Greenwood Village office space commanded an average sale price per square foot of $163.22.

Average Rent by Office Class

2021 Average Office Rent per Square Foot

  • Greenwood Village Class A & A+ Office Space$35.33
  • Greenwood Village Class B Office Space$24.34
  • Greenwood Village Class C Office Space$19.79
  • Colorado Class A & A+ Office Space$34.93
  • Colorado Class B Office Space$25.46
  • Colorado Class C Office Space$17.84

Greenwood Village, CO Office Asking Rents by Class

Average office rent in Greenwood Village rested at $28.23 per square foot in 2021. 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 Greenwood Village averaged $35.33 per square foot. Across all submarkets, class B office space recorded an average asking rent of $24.34 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $19.79 per square foot, on average. Comparably, statewide Colorado average office rents by class in 2021 were: $34.93 per square foot for class A office space; $25.46 per square foot for class B office space; $17.84 per square foot for class C office space.

Office Spaces for Rent in Colorado

  • Denver Office Space
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  • Lakewood Office Space
  • Centennial Office Space
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  • Aurora Office Space
  • Littleton Office Space
  • Greenwood Village Office Space
  • Golden Office Space
  • Westminster Office Space
  • Loveland Office Space
  • Broomfield Office Space
  • Arvada Office Space

Greenwood Village Office Sale Price per SF

  • $163.222021 Avg. Price per SF
  • -28.31%Y-o-Y Avg. PpSF Change
  • $283.8M2021 Office Sales Volume
  • 122021 Number of Transactions

Greenwood Village, CO Sale Price per SF Trend

  • Greenwood Village Avg. Sale Price per SF in 2021$163.22
  • Colorado Avg. Sale Price per SF in 2021$229.47
Greenwood Village office space cost in 2021 marked a -28.31% change compared to the previous year. The sale price for office space in Greenwood Village averaged $163.22 per square foot in 2021, across all market subdivisions and asset classes. Conversely, the statewide Colorado average office sale price during the same time period was $229.47 per square foot.

2021 Office Sales Volume

  • Greenwood Village, CO Total Office Sales Volume in 2021 $283.8M
  • Greenwood Village, CO Total Number of Office Sales Closed in 2021 12
A total of 12 deals closed on the Greenwood Village office market in 2021, adding up to a yearly sales volume of $283.8M. Notably, the largest transaction on the market saw Palazzo Verdi change hands for $72,536,600 on 12/22/2021.

Largest Greenwood Village Office Sales in 2021

Property name Address Date Price
Palazzo Verdi 6363 South Fiddler's Green Circle 12/22/2021 $72,536,600
Fiddlers Green Center I 6399 South Fiddler's Green Circle 12/22/2021 $43,052,500
Fiddlers Green Center II 6501 South Fiddler's Green Circle 12/22/2021 $43,052,500
Yosemite 6455 South Yosemite Street 6/24/2021 $28,000,000
Orchard Pointe 8480 East Orchard Road 12/10/2021 $20,950,000
Data provided by Commercial Edge

Coworking Spaces in Colorado

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  • Scottsdale Coworking Space
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  • Greenwood Village Coworking Space
  • Fort Collins Coworking Space
  • Littleton Coworking Space
  • Loveland Coworking Space
  • Lakewood Coworking Space
  • Broomfield Coworking Space
  • Englewood Coworking Space
  • Centennial Coworking Space
  • Golden Coworking Space
  • Grand Junction Coworking Space

2021 Office Construction in Greenwood Village, CO

Largest Office Properties Recently Completed in Greenwood Village
Office building Address SF Completed
Palazzo Verdi 6363 South Fiddlers Green Circle, 80111 317,352 2008
Full floor sublease at 6363 S Fiddler's Green Circle 6363 S Fiddlers Green Cir, 80111 0 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 244,330 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 Pkwy, 80111 39,492 1998
High Pointe - 6430 S. Fiddler's Green Circle 6430 S. Fiddler's Green Circle, 80111 0 1998
Crescent VII 8390 E Crescent Parkway, 80111 135,332 1997

Worth noting among recent office completions on the Greenwood Village market is Palazzo Verdi, which is currently the largest new office development in the city, at 317,352 square feet.

Data provided by Commercial Edge

See reports for other markets

  • Denver Office Rent Price
  • Colorado Springs Office Rent Price
  • Boulder Office Rent Price
  • Englewood Office Rent Price
  • Centennial Office Rent Price
  • Fort Collins Office Rent Price
  • Aurora Office Rent Price
  • Lakewood Office Rent Price
  • Littleton Office Rent Price
  • Golden Office Rent Price
  • Westminster Office Rent Price
  • Longmont Office Rent Price
  • Broomfield Office Rent Price
  • Arvada Office Rent Price
  • Lone Tree Office Rent Price
  • Los Angeles Office Rent Price

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 2021 through December 31st 2021. Construction pipeline data represented herein is valid as of April 2022. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Greenwood Village 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.

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