2022 Office Space Rent & Sales
- $28.70 2022 Avg. Asking Rent
- 1.65% Y-o-Y Avg. Asking Rent Change
- 17.87% 2022 Office Vacancy Rate
- $152.2M2022 Total Office Sales
- $200.16Avg. Sale Price/SF
Greenwood Village office price per square foot in 2022 was $28.70 on average. This marked a +1.65% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 17.87% across all asset classes combined. The 6 transactions that closed here throughout 2022 amounted to a total sale volume of $152.2M. Greenwood Village office space commanded an average sale price per square foot of $200.16.
Average Rent by Office Class
2022 Average Office Rent per Square Foot
- Greenwood Village Class A & A+ Office Space$35.60
- Greenwood Village Class B Office Space$25.62
- Greenwood Village Class C Office Space$21.00
- Colorado Class A & A+ Office Space$37.34
- Colorado Class B Office Space$25.04
- Colorado Class C Office Space$18.06
Greenwood Village, CO Office Asking Rents by Class
Average office rent in Greenwood Village rested at $28.70 per square foot in 2022. 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 $35.60 per square foot. Across all submarkets, class B office space recorded an average asking rent of $25.62 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $21.00 per square foot, on average. Comparably, statewide Colorado average office rents by class in 2022 were: $37.34 per square foot for class A office space; $25.04 per square foot for class B office space; $18.06 per square foot for class C office space.
2022 Office Vacancy Rates in Greenwood Village
Submarket | Asking Rents | Vacancy Rates |
---|---|---|
Denver Tech Center | $28.87 | 23.66% |
Centennial | $22.55 | 13.39% |
Greenwood Village Office Sale Price per SF
- $200.162022 Avg. Price per SF
- 22.64%Y-o-Y Avg. PpSF Change
- $152.2M2022 Office Sales Volume
- 62022 Number of Transactions
Greenwood Village, CO Sale Price per SF Trend
- Greenwood Village Avg. Sale Price per SF in 2022$200.16
- Colorado Avg. Sale Price per SF in 2022$303.01
2022 Office Sales Volume
- Greenwood Village, CO Total Office Sales Volume in 2022 $152.2M
- Greenwood Village, CO Total Number of Office Sales Closed in 2022 6
Largest Greenwood Village Office Sales in 2022
Property name | Address | Date | Price |
---|---|---|---|
Quadrant, The | 5445 DTC Pkwy | 4/8/2022 | $62,000,000 |
One DTC | 5251 DTC Pkwy | 2/7/2022 | $55,650,000 |
5500 Greenwood | 5500 Greenwood Plaza Blvd | 10/5/2022 | $15,700,000 |
5350 South Roslyn | 5350 South Roslyn Street | 12/27/2022 | $10,300,000 |
6530 South Yosemite Street | 6530 South Yosemite Street | 12/28/2022 | $4,600,000 |
Coworking Spaces in Colorado
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2022 Office Construction in Greenwood Village, CO
Office building | Address | SF | Completed |
---|---|---|---|
5571 S Yosemite St | 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 VI - Sublease | 8400 East Crescent Pkwy, 80111 | 155,252 | 1998 |
Crescent IV | 8490 East Crescent Pkwy, 80111 | 39,492 | 1998 |
Crescent IV | 8490 East Crescent Parkway, 80111 | 40,000 | 1997 |
Worth noting among recent office completions on the Greenwood Village market is 5571 S Yosemite St, which is currently the largest new office development in the city, at 15,200 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
- Chicago Office Rent Price
- Los Angeles Office Rent Price
- Dallas Office Rent Price
- Seattle Office Rent Price
- New York City Office Rent Price
- Houston Office Rent Price
- Atlanta Office Rent Price
- Washington 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 2022 through December 31st 2022. Construction pipeline data represented herein is valid as of April 2023. 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.