Louisville Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $28.47 2024 Avg. Asking Rent
  • 44.89% 2024 Office Vacancy Rate

Louisville office price per square foot in 2024 was $28.47 on average. The local office market recorded an average vacancy rate of 44.89% across all asset classes combined.

See how this market compares to the national average: U.S. office space rent & sales.

Average Rent by Office Class

2024 Average Office Rent per Square Foot

  • Colorado Class A & A+ Office Space$37.67
  • Colorado Class B Office Space$24.08
  • Colorado Class C Office Space$19.23

Louisville, CO Office Asking Rents by Class

2024 Office Vacancy Rates in Louisville

Submarket Asking Rents Vacancy Rates
Denver Boulder Turnpike $29.50 24.64%
Lafayette - Louisville Central $22.05 27.00%
Data provided by Yardi Research
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Louisville market was 44.89% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Louisville was 24.64% in the Denver Boulder Turnpike submarket, while the highest office vacancy in the market was 27.00%, recorded in Lafayette - Louisville Central.

Office Spaces for Rent in Colorado

Coworking Spaces in Colorado

2024 Office Construction in Louisville, CO

  • Louisville, CO Total SF under construction in 2025 134,393
Largest Office Properties Recently Completed in Louisville
Office building Address SF Completed
The Collective at the Colorado Tech Center - Building 1 199 South Taylor Avenue, 80027 29,465 2020
167 South Taylor Avenue 167 South Taylor Avenue, 80027 37,540 2018
Centennial Valley Business Park 168 Centennial Pkwy, 80027 57,700 2017
1025 Cannon Street 1025 Cannon Street, 80027 30,963 2016
901 Front St 901 Front St, 80027 24,837 2003
331 South 104th Street 331 South 104th Street, 80027 106,795 2002
2051 Dogwood Street 2051 Dogwood Street, 80027 41,501 2001
1805 Highway 42 1805 Highway 42, 80027 20,472 2001
371 Centennial Pkwy 371 Centennial Pkwy, 80027 73,485 2000
361 Centennial Pkwy 361 Centennial Pkwy, 80027 80,830 1999

Worth noting among recent office completions on the Louisville market is The Collective at the Colorado Tech Center - Building 1, which is currently the largest new office development in the city, at 29,465 square feet.

Data provided by Yardi Research

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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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by Yardi Research Data, a market intelligence solution which offers comprehensive real market knowledge on all Louisville 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 Yardi Research Data can guarantee that the information provided is complete.