Lakewood Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Lakewood is $24.20 per square foot, 0.22% higher compared to the previous year.
  • The market’s vacancy rate stands at 19.66%, higher than the state average of Colorado, which is 17.03%.

2025 Office Space Rent & Sales

  • $24.20 2025 Avg. Asking Rent
  • 0.22% Y-o-Y Avg. Asking Rent Change
  • 19.66% 2025 Office Vacancy Rate
  • $75.3M2025 Total Office Sales
  • $59.88Avg. Sale Price/SF

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

Average asking rents for office space here stand at $24.20 per square foot. The local office market recorded an average vacancy rate of 19.66% in 2025, unchanged from 19.66% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $75.3M across 17 sales. These transactions commanded an average sale price per square foot of $59.88.

Lakewood, CO Office Asking Rents by Class

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.

Lakewood, CO Office Indicators by Submarket

In 2025, the submarket with the lowest office vacancy rate in Lakewood was Lakewood - West at 19.12%. Meanwhile, the highest office vacancy rate in the market was 20.12%, recorded in Highway 121 Corridor.
Submarket Asking Rents Vacancy Rates
Lakewood - West $27.07 19.12%
Highway 121 Corridor $18.65 20.12%
Data provided by Yardi Research

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2025 Office Sales Volume

  • $59.882025 Avg. Price per SF
  • -0.67%Y-o-Y Avg. PpSF Change
  • $75.3M2025 Office Sales Volume
  • 172025 Number of Transactions

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

Average sale prices for office space in this market recorded a -0.67% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $59.88 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.

Lakewood, CO Sale Price per SF Trend

  • Lakewood Avg. Sale Price per SF in 2025$59.88
  • Colorado Avg. Sale Price per SF in 2025$109.34

What was the total office sales volume in Lakewood in 2025?

The local office market recorded 17 deals in 2025, adding up to a yearly sales volume of $75.3M.

  • Lakewood, CO Total Office Sales Volume in 2025 $75.3M
  • Lakewood, CO Total Number of Office Sales Closed in 2025 17

What were the largest office building sales in Lakewood in 2025?

The market’s largest transaction last year was the sale of Irongate 4 - 777 South Wadsworth Blvd for $4,500,000 on 10/8/2025.
The next-highest sale was the transaction involving Linpro Center I, which traded for $4,000,000.

Property name Address Date Price
Irongate 4 - 777 South Wadsworth Blvd 777 South Wadsworth Blvd 10/8/2025 $4,500,000
Linpro Center I 7125 West Jefferson Avenue 1/7/2025 $4,000,000
Data provided by Yardi Research

What are the largest recent office completions in Lakewood?

The largest recent office completion here is Zang Business Center at 122,780 square feet, completed in 2001. The next largest completions are 141 Union Blvd and Union Financial Plaza.

Office building Address SF Completed
1038 S Union Blvd 1038 S Union Blvd, 80228 9,668 2022
1038 S Union Blvd 1038 S Union Blvd, 80228 9,668 2022
Zang Business Center 555 Zang St, 80228 122,780 2001
Garrison West 651 Garrison St, 80215 14,723 2000
Garrison West 651 Garrison St, 80215 14,723 2000
Lakewood Church of Nazarene 1755 Dover Street, 80215 8,496 1999
Union Financial Plaza 355 Union Blvd, 80228 44,000 1987
141 Union Blvd 141 Union Blvd, 80228 64,240 1985
US Bank 12340 West Alameda Parkway, 80228 17,542 1984
7373 West Jefferson Avenue Suite 301 7373 West Jefferson Avenue Suite 301, 80235 900 1984
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.