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
- Colorado Springs Office Space
- Boulder Office Space
- Fort Collins Office Space
- Lakewood Office Space
- Centennial Office Space
- Englewood Office Space
- 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
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
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 |
Coworking Spaces in Colorado
- Houston Coworking Space
- Dallas Coworking Space
- Denver Coworking Space
- Austin Coworking Space
- Phoenix Coworking Space
- San Antonio Coworking Space
- Scottsdale Coworking Space
- Colorado Springs Coworking Space
- Boulder Coworking Space
- Aurora Coworking Space
- 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
| 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.
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.