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
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
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
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 |
Coworking Spaces in Colorado
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- Broomfield Coworking Space
- Grand Junction Coworking Space
2021 Office Construction in Longmont, CO
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.
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
- Greenwood Village Office Rent Price
- Aurora Office Rent Price
- Lakewood Office Rent Price
- Littleton Office Rent Price
- Loveland Office Rent Price
- Westminster Office Rent Price
- Broomfield Office Rent Price
- Arvada Office Rent Price
- Louisville Office Rent Price
- Greeley 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 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.