Longmont Office Market Trends

Office Rental Market

  • $20.19 2019 Avg. Asking Rent
  • 15.79 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Longmont was $20.19 per square foot, and the office vacancy rate across the market averaged 15.79 %. During 2019, developers added 0 square feet of new office space to the Longmont 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

  • Longmont Class A Office Buildings$29.84
  • Longmont Class B Office Buildings$21.20
  • Longmont Class C Office Buildings$19.10
  • CO Class A Office Buildings$32.93
  • CO Class B Office Buildings$24.09
  • CO Class C Office Buildings$17.07

Longmont, CO Office Asking Rents by Class

Office asking rents vary across the Longmont office market depending on several factors, one of which is property class. While rents for Class A office buildings in Longmont averaged $29.84 per square foot in 2019, Class B office properties garnered average rental rates of $21.20 per square foot. Rental rates for Class C office property in Longmont averaged $19.10 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 Longmont, CO

  • Longmont, CO Total Sqft completed in 2019 0
  • Longmont, CO Total Sqft under construction in 2020 0
10 Largest Office Buildings in Longmont
Building name Address Total Sqft Year built
389 Disc Drive 389 Disc Drive, 80503 519,448 2000
2452 Clover Basin 2402 Clover Basin Drive, 80503 263,200 1990
Creekside Business Park 1811 Pike Road, 80501 257,266 1999
Xilinx Building 1951 South Fordham Street, 80503 197,659 1996
The Campus at Longmont - 1800 Nelson Road 1800 Nelson Road, 80501 152,218 1993
The Campus at Longmont - 1844 Nelson Road 1844 Nelson Road, 80501 152,218 1994
3100 Logic Drive 3100 Logic Drive, 80503 135,601 2000
The Campus at Longmont - 1351, 1501 & 1551 South Sunset Street 1351 South Sunset Street, 80501 132,064 1984
Diagonal Tech Center 1751 South Fordham Street, 80503 123,200 1999
The Campus at Longmont - 2400, 2410, 2420 & 2500 Trade Centre Avenue 2400 Trade Centre Avenue, 80503 120,000 1989
Largest Office Properties Recently Completed in Longmont
Office building Address Sqft Completed
Front Range Orthopedics & Spine Headquarters 1610 Dry Creek Drive, 80503 32,000 2016
550 Disc Drive 550 Disc Drive, 80503 30,320 2015
Longmont Medical Campus 1551 Professional Lane, 80501 105,139 2001
389 Disc Drive 389 Disc Drive, 80503 519,448 2000
3100 Logic Drive 3100 Logic Drive, 80503 135,601 2000
Creekside Business Park 1811 Pike Road, 80501 257,266 1999
Diagonal Tech Center 1751 South Fordham Street, 80503 123,200 1999
United Medical Building 2030 Mountain View Avenue, 80503 50,000 1999
Trade Centre Avenue 2620 Trade Centre Avenue, 80503 43,794 1998
Campus at Longmont - 2101 Ken Pratt Blvd 2101 Ken Pratt Blvd, 80501 29,657 1998
Data provided by Commercial Edge

Office Spaces for Rent in Colorado

LONGMONT OFFICE SALES TRENDS

  • $128.472019 Avg. Price per Sqft
  • -14.70 %Y-o-Y Avg. PpSF Change
  • $32.2M2019 Office Sales Volume
  • 32019 Number of Transactions

In 2019, office sales in Longmont averaged $128.47 per square foot. This marked a -14.70 % decrease in office price per square foot, compared to the previous year. A total of 3 office sales closed on the Longmont office market in 2019, amounting to a total sales volume of $32.2M.

Average Office Sale Price per Sqft

Longmont, CO Sales Trends

  • Longmont Price per Sqft$128.47
  • Colorado Price per Sqft$208.88

Office Sales - Trend and Volume

  • Longmont, CO Total Office Sales Volume in 2019 $32.2M
  • Longmont, CO Total Number of Office Sales Closed in 2019 3

Largest Longmont Office Sales in 2019

Property name Address Date Price
Campus at Longmont - 2400, 2410, 2420 & 2500 Trade Centre Avenue, The 2400 Trade Centre Avenue 10/29/2019 $17,800,000
Longmont Medical Campus 1551 Professional Lane 4/10/2019 $10,600,000
1820 Lefthand Circle 1820 Lefthand Circle 5/10/2019 $3,800,000
Data provided by Commercial Edge

The Longmont office market contains an inventory of 3,988,651 square feet of office space, in 49 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 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.