Longmont Office Rent Price & Sales Report

2021 Office Space Rent & Sales

  • $21.00 2021 Avg. Asking Rent
  • 10.65% 2021 Office Vacancy Rate
  • $78.7M2021 Total Office Sales
  • $142.73Avg. Sale Price/SF

Longmont office price per square foot in 2021 was $21.00 on average. The local office market recorded an average vacancy rate of 10.65% across all asset classes combined. The 4 transactions that closed here throughout 2021 amounted to a total sale volume of $78.7M. Longmont office space commanded an average sale price per square foot of $142.73.

Average Rent by Office Class

2021 Average Office Rent per Square Foot

  • Longmont Class B Office Space$22.29
  • Longmont Class C Office Space$18.71
  • Colorado Class A & A+ Office Space$34.93
  • Colorado Class B Office Space$25.46
  • Colorado Class C Office Space$17.84

Longmont, CO Office Asking Rents by Class

Office Spaces for Rent in Colorado

Longmont Office Sale Price per SF

  • $142.732021 Avg. Price per SF
  • -4.76%Y-o-Y Avg. PpSF Change
  • $78.7M2021 Office Sales Volume
  • 42021 Number of Transactions

Longmont, CO Sale Price per SF Trend

  • Longmont Avg. Sale Price per SF in 2021$142.73
  • Colorado Avg. Sale Price per SF in 2021$229.47
Longmont office space cost in 2021 marked a -4.76% change compared to the previous year. The sale price for office space in Longmont averaged $142.73 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

  • Longmont, CO Total Office Sales Volume in 2021 $78.7M
  • Longmont, CO Total Number of Office Sales Closed in 2021 4
A total of 4 deals closed on the Longmont office market in 2021, adding up to a yearly sales volume of $78.7M. Notably, the largest transaction on the market saw Creekside Business Park change hands for $38,100,000 on 10/28/2021.

Largest Longmont Office Sales in 2021

Property name Address Date Price
Creekside Business Park 1811 Pike Road 10/28/2021 $38,100,000
Campus at Longmont - 1830 Lefthand Circle, The 1830 Lefthand Circle 10/28/2021 $19,300,000
7477 Dry Creek Pkwy 7477 East Dry Creek Pkwy 4/7/2021 $12,000,000
Campus at Longmont - 1841 & 1851 Lefthand Circle, The 1841 Lefthand Circle 3/4/2021 $9,294,400
Data provided by Commercial Edge

Coworking Spaces in Colorado

2021 Office Construction in Longmont, CO

Largest Office Properties Recently Completed in Longmont
Office building Address SF Completed
Longmont Medical Campus 1551 Professional Lane, 80501 105,139 2001
2030 Mountain View Avenue, Suite 500 2030 Mountain View Avenue, Suite 500, 80501 4,253 1996
1375 Ken Pratt Boulevard, Suite 500 1375 Ken Pratt Boulevard, Suite 500, 80501 16,613 1993
1375 Ken Pratt Blvd 1375 Ken Pratt Blvd, 80501 16,613 1993
The Rose Building 825 Delaware Avenue, 80501 33,833 1984
1831 Lefthand Circle, Suite A 1831 Lefthand Circle, Suite A, 80501 19,040 1984
1831 Lefthand Cir 1831 Lefthand Cir, 80501 19,040 1984
665 Frontage Road 665 Frontage Road, 80501 31,584 1979
1055 17th Ave 1055 17th Ave, 80501 13,462 1978
1446 Hover Street, Suites 204 & 205 1446 Hover Street, 80501 10,486 1976

Worth noting among recent office completions on the Longmont market is Longmont Medical Campus, which is currently the largest new office development in the city, at 105,139 square feet.

Data provided by Commercial Edge

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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 Longmont 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.