2020 Office Space Rent & Sales
- $16.85 2020 Avg. Asking Rent
- 2.63% Y-o-Y Avg. Asking Rent Change
- 24.04% 2020 Office Vacancy Rate
Thornton office price per square foot in 2020 was $16.85 on average. This marked a +2.63% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 24.04% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Thornton Class A Office Space$26.99
- Thornton Class B Office Space$26.00
- Thornton Class C Office Space$16.25
- Colorado Class A Office Space$33.93
- Colorado Class B Office Space$24.71
- Colorado Class C Office Space$17.89
Thornton, CO Office Asking Rents by Class
Average office rent in Thornton rested at $16.85 per square foot in 2020. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in Thornton averaged $26.99 per square foot. Across all submarkets, class B office space recorded an average asking rent of $26.00 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $16.25 per square foot, on average. Comparably, statewide Colorado average office rents by class in 2020 were: $33.93 per square foot for class A office space; $24.71 per square foot for class B office space; $17.89 per square foot for class C office space.
2020 Office Construction in Thornton, CO
- Thornton, CO Total Sqft completed in 2020
During 2020, square feet of new office space were delivered across the market. At the close of 2020, the Thornton office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.
|North Suburban Medical Center||9195 Grant Street, 80229||61,102||2001|
|9005 Grant Street||9005 Grant Street, 80229||47,392||2001|
|North Valley Tech Center||500 East 84th Avenue, 80229||477,225||1998|
|Washington Square Business Center||12121 Grant Street, 80241||232,883||1987|
|Mountain View Medical Office Building||9141 Grant Street, 80229||44,000||1986|
|12130 Pennsylvania Street||12130 Pennsylvania Street, 80241||25,990||1984|
|12000 North Washington Street||12000 North Washington Street, 80241||41,947||1983|
|2200 East 104th Avenue||2200 East 104th Avenue, 80233||33,318||1981|
|12076 Grant Street||12076 Grant Street, 80241||63,198||1972|
Worth noting among recent office completions on the Thornton market is North Suburban Medical Center, which is currently the largest new office development in the city, at 61,102 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 Thornton 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.