Greenwood Village Office Market Trends

Office Rental Market

  • $26.11 2019 Avg. Asking Rent
  • 10.45 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Greenwood Village was $26.11 per square foot, and the office vacancy rate across the market averaged 10.45 %. During 2019, developers added 0 square feet of new office space to the Greenwood Village market inventory. Office developments estimated for delivery during 2020 total 0 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Greenwood Village Class A Office Buildings$31.34
  • Greenwood Village Class B Office Buildings$23.57
  • Greenwood Village Class C Office Buildings$19.60
  • CO Class A Office Buildings$32.93
  • CO Class B Office Buildings$24.09
  • CO Class C Office Buildings$17.07

Greenwood Village, CO Office Asking Rents by Class

Office asking rents vary across the Greenwood Village office market depending on several factors, one of which is property class. While rents for Class A office buildings in Greenwood Village averaged $31.34 per square foot in 2019, Class B office properties garnered average rental rates of $23.57 per square foot. Rental rates for Class C office property in Greenwood Village averaged $19.60 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.

OFFICE CONSTRUCTION IN Greenwood Village, CO

  • Greenwood Village, CO Total Sqft completed in 2019 0
  • Greenwood Village, CO Total Sqft under construction in 2020 0
10 Largest Office Buildings in Greenwood Village
Building name Address Total Sqft Year built
Plaza Tower One 6400 South Fiddlers Green Circle, 80111 478,482 1987
Plaza Tower One 6400 South Fiddler's Green Circle, 80111 468,885 1985
Park Place 5690 DTC Boulevard, 80111 336,104 1983
Millennium Plaza 6200 South Quebec Street, 80111 335,855 1982
The Quadrant 5445 DTC Pkwy, 80111 334,109 1985
Harlequin Plaza 7600 East Orchard Road, 80111 327,907 1980
Village Center Station II - Charter Communications Headquarters 6360 South Fiddlers Green Circle, 80111 324,098 2018
Palazzo Verdi 6363 South Fiddlers Green Circle, 80111 317,352 2008
Granite Place at Village Center 6165 South Willow Drive, 80111 299,702 2017
Village Center Station III - CoBank Center 6340 South Fiddler's Green Circle, 80111 274,287 2015
Largest Office Properties Recently Completed in Greenwood Village
Office building Address Sqft Completed
Village Center Station II - Charter Communications Headquarters 6360 South Fiddlers Green Circle, 80111 324,098 2018
Granite Place at Village Center 6165 South Willow Drive, 80111 299,702 2017
Village Center Station III - CoBank Center 6340 South Fiddler's Green Circle, 80111 274,287 2015
The Landmark Medical Center 5351 South Roslyn Street, 80111 33,282 2015
Greenwood Corporate Plaza - Building 7 6295 Greenwood Plaza Blvd, 80111 50,338 2014
Fiddlers Green Center II 6501 South Fiddler's Green Circle, 80111 207,000 2000
Crescent V 8450 East Crescent Pkwy, 80111 89,895 2000
Great-West Financial - Tower III 8525 East Orchard Road, 80111 222,833 1999
Greenwood Plaza 6550 Greenwood Plaza Blvd, 80111 212,143 1999
Fiddlers Green Center I 6399 South Fiddler's Green Circle, 80111 207,000 1998
Data provided by Commercial Edge

Office Spaces for Rent in Colorado

GREENWOOD VILLAGE OFFICE SALES TRENDS

  • $185.022019 Avg. Price per Sqft
  • 4.50 %Y-o-Y Avg. PpSF Change
  • $354.7M2019 Office Sales Volume
  • 52019 Number of Transactions

In 2019, office sales in Greenwood Village averaged $185.02 per square foot. This marked a 4.50 % increase in office price per square foot, compared to the previous year. A total of 5 office sales closed on the Greenwood Village office market in 2019, amounting to a total sales volume of $354.7M.

Average Office Sale Price per Sqft

Greenwood Village, CO Sales Trends

  • Greenwood Village Price per Sqft$185.02
  • Colorado Price per Sqft$208.88

Office Sales - Trend and Volume

  • Greenwood Village, CO Total Office Sales Volume in 2019 $354.7M
  • Greenwood Village, CO Total Number of Office Sales Closed in 2019 5

Largest Greenwood Village Office Sales in 2019

Property name Address Date Price
Village Center Station II - Charter Communications Headquarters 6360 South Fiddlers Green Circle 7/18/2019 $144,550,000
Village Center Station I 6380 South Fiddler's Green Circle 7/18/2019 $89,150,000
Tuscany Plaza 6312 South Fiddler's Green Circle 12/2/2019 $64,850,000
Crescent VI 8400 East Crescent Pkwy 6/5/2019 $28,200,000
Greenwood Village Center - Plaza 25 8100 East Maplewood Avenue 2/7/2019 $17,925,000
Data provided by Commercial Edge

The Greenwood Village office market contains an inventory of 13,007,910 square feet of office space, in 141 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 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.