Louisville Office Rent Price & Sales Report

2021 Office Space Rent & Sales

  • $30.06 2021 Avg. Asking Rent
  • 14.90% 2021 Office Vacancy Rate
  • $70.5M2021 Total Office Sales
  • $198.76Avg. Sale Price/SF

Louisville office price per square foot in 2021 was $30.06 on average. The local office market recorded an average vacancy rate of 14.90% across all asset classes combined. The 3 transactions that closed here throughout 2021 amounted to a total sale volume of $70.5M. Louisville office space commanded an average sale price per square foot of $198.76.

Average Rent by Office Class

2021 Average Office Rent per Square Foot

  • Louisville Class A & A+ Office Space$30.98
  • Louisville Class B Office Space$30.01
  • Colorado Class A & A+ Office Space$34.93
  • Colorado Class B Office Space$25.46
  • Colorado Class C Office Space$17.84

Louisville, CO Office Asking Rents by Class

Office Spaces for Rent in Colorado

Louisville Office Sale Price per SF

  • $198.762021 Avg. Price per SF
  • -48.72%Y-o-Y Avg. PpSF Change
  • $70.5M2021 Office Sales Volume
  • 32021 Number of Transactions

Louisville, CO Sale Price per SF Trend

  • Louisville Avg. Sale Price per SF in 2021$198.76
  • Colorado Avg. Sale Price per SF in 2021$229.47
Louisville office space cost in 2021 marked a -48.72% change compared to the previous year. The sale price for office space in Louisville averaged $198.76 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

  • Louisville, CO Total Office Sales Volume in 2021 $70.5M
  • Louisville, CO Total Number of Office Sales Closed in 2021 3
A total of 3 deals closed on the Louisville office market in 2021, adding up to a yearly sales volume of $70.5M. Notably, the largest transaction on the market saw 1450 Infinite Drive change hands for $30,300,000 on 11/9/2021.

Largest Louisville Office Sales in 2021

Property name Address Date Price
1450 Infinite Drive 1450 Infinite Drive 11/9/2021 $30,300,000
Link @ Louisville 1172 West Century Drive 11/24/2021 $20,150,000
Centennial Valley II 285 Century Place 9/20/2021 $20,000,000
Data provided by Commercial Edge

Coworking Spaces in Colorado

2021 Office Construction in Louisville, CO

Largest Office Properties Recently Completed in Louisville
Office building Address SF Completed
2051 Dogwood Street 2051 Dogwood Street, 80027 41,501 2001
246 South Taylor Avenue 246 South Taylor Avenue, 80027 39,575 2001
Corporate Center at Centennial Valley 2 371 Centennial Pkwy, 80027 73,485 2000
510 South Pierce Avenue 510 South Pierce Avenue, 80027 39,290 2000
972 West Dillon Road 972 W Dillon Rd, 80027 7,133 2000
Corporate Center at Centennial Valley 1 361 Centennial Pkwy, 80027 80,830 1999
1157 Century Drive 1157 Century Drive, 80027 36,223 1999
285 Century Place 285 Century Place, 80027 68,938 1997
1450 Infinite Drive 1450 Infinite Drive, 80027 196,686 1996
Link @ Louisville 1172 West Century Drive, 80027 88,832 1996

Worth noting among recent office completions on the Louisville market is 2051 Dogwood Street, which is currently the largest new office development in the city, at 41,501 square feet.

Data provided by Commercial Edge

See reports for other markets

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 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 CommercialEdge can guarantee that the information provided is complete.