2020 Office Space Rent & Sales
- $27.82 2020 Avg. Asking Rent
- 1.02% Y-o-Y Avg. Asking Rent Change
- 9.72% 2020 Office Vacancy Rate
Louisville office price per square foot in 2020 was $27.82 on average. This marked a +1.02% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 9.72% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Louisville Class A Office Space$30.98
- Louisville Class B Office Space$27.22
- Colorado Class A Office Space$33.93
- Colorado Class B Office Space$24.71
- Colorado Class C Office Space$17.89
Louisville, CO Office Asking Rents by Class
2020 Office Construction in Louisville, CO
- Louisville, CO Total Sqft completed in 2020 29,465
During 2020, 29,465 square feet of new office space were delivered across the market. At the close of 2020, the Louisville office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 29,465 square feet of office space.
|The Collective at the Colorado Tech Center - Building 1||199 South Taylor Avenue, 80027||29,465||2020|
|The Collective at the Colorado Tech Center - Building 2 & 3||183 South Taylor Avenue, 80027||58,450||2018|
|Centennial Valley Business Park||168 Centennial Pkwy, 80027||57,700||2017|
|1025 Cannon Street||1025 Cannon Street, 80027||30,963||2016|
|282 Century Place||282 Century Place, 80027||62,000||2008|
|Avista Two Medical Plaza||80 Health Park Drive, 80027||74,370||2003|
|Colorado Technology Center - 331 South 104th Street||331 South 104th Street, 80027||106,795||2002|
|135 South Taylor Avenue||135 South Taylor Avenue, 80027||65,188||2002|
|Colorado Technology Center - 194 South Taylor Avenue||194 South Taylor Avenue, 80027||39,970||2002|
|Corporate Center at Centennial Valley 3||363 Centennial Pkwy, 80027||62,877||2001|
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.
See reports for nearby 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 2020 through December 31st 2020. Construction pipeline data represented herein is valid as of April 2021. 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.