2022 Office Space Rent & Sales
- $26.67 2022 Avg. Asking Rent
- -3.72% Y-o-Y Avg. Asking Rent Change
- 13.45% 2022 Office Vacancy Rate
Westminster office price per square foot in 2022 was $26.67 on average. This marked a -3.72% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 13.45% across all asset classes combined.
Average Rent by Office Class
2022 Average Office Rent per Square Foot
- Westminster Class A & A+ Office Space$27.81
- Westminster Class B Office Space$25.32
- Westminster Class C Office Space$25.53
- Colorado Class A & A+ Office Space$37.34
- Colorado Class B Office Space$25.04
- Colorado Class C Office Space$18.06
Westminster, CO Office Asking Rents by Class
Average office rent in Westminster rested at $26.67 per square foot in 2022. 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 Westminster averaged $27.81 per square foot. Across all submarkets, class B office space recorded an average asking rent of $25.32 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $25.53 per square foot, on average. Comparably, statewide Colorado average office rents by class in 2022 were: $37.34 per square foot for class A office space; $25.04 per square foot for class B office space; $18.06 per square foot for class C office space.
2022 Office Vacancy Rates in Westminster
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| I-25 Corridor | $41.42 | 15.53% |
| Denver Boulder Turnpike | $30.70 | 12.87% |
| Arvada | $21.91 | 9.44% |
Office Spaces for Rent in Colorado
- Denver Office Space
- Colorado Springs Office Space
- Boulder Office Space
- Englewood Office Space
- Aurora Office Space
- Fort Collins Office Space
- Greenwood Village Office Space
- Centennial Office Space
- Lakewood Office Space
- Littleton Office Space
- Golden Office Space
- Broomfield Office Space
- Westminster Office Space
- Loveland Office Space
- Greeley Office Space
Coworking Spaces in Colorado
- Houston Coworking Space
- Dallas Coworking Space
- Denver Coworking Space
- Austin Coworking Space
- Phoenix Coworking Space
- San Antonio Coworking Space
- Oklahoma City Coworking Space
- Salt Lake City Coworking Space
- Scottsdale Coworking Space
- Plano Coworking Space
- Albuquerque Coworking Space
- Fort Worth Coworking Space
- Colorado Springs Coworking Space
- Boulder Coworking Space
- Aurora Coworking Space
- Tucson Coworking Space
- Overland Park Coworking Space
- Omaha Coworking Space
- Tulsa Coworking Space
- Tempe Coworking Space
- Littleton Coworking Space
- Fort Collins Coworking Space
- Lakewood Coworking Space
- Golden Coworking Space
- Centennial Coworking Space
- Englewood Coworking Space
- Greenwood Village Coworking Space
- Broomfield Coworking Space
2022 Office Construction in Westminster, CO
| Office building | Address | SF | Completed |
|---|---|---|---|
| Northridge at Park Center Bldg. A-Ph.II | 1665 West 121st Avenue, 80234 | 41,900 | 2014 |
| St. Anthony North Medical Office Building | 8510 Bryant Street, 80031 | 60,372 | 2008 |
| Alliance Westminster Office | 9737 Wadsworth Pky Unit 105, 80021 | 35,072 | 2004 |
| Church Ranch Corporate Center II | 10249 Church Ranch Way, 80021 | 63,057 | 2001 |
| Church Ranch Office Park - Building 4 | 10170 Church Ranch Way, 80021 | 127,567 | 2000 |
| Ten West at Westmoor Technology Park - Building 5 | 10385 Westmoor Drive, 80021 | 125,285 | 2000 |
| Ten West at Westmoor Technology Park - Building 6 | 10225 Westmoor Drive, 80021 | 125,285 | 2000 |
| 12365 Huron Street | 12365 Huron Street, 80234 | 29,381 | 2000 |
| 5141 W 78th Ave | 5141 W 78th Ave, 80030 | 4,635 | 2000 |
| Westmoor Technology Park Building 6 | 10225 Westmoor Drive, 80021 | 133,573 | 1999 |
Worth noting among recent office completions on the Westminster market is Northridge at Park Center Bldg. A-Ph.II, which is currently the largest new office development in the city, at 41,900 square feet.
See reports for other markets
- Denver Office Rent Price
- Colorado Springs Office Rent Price
- Boulder Office Rent Price
- Englewood Office Rent Price
- Centennial Office Rent Price
- Fort Collins Office Rent Price
- Greenwood Village Office Rent Price
- Aurora Office Rent Price
- Lakewood Office Rent Price
- New York City Office Rent Price
- Houston Office Rent Price
- San Francisco Office Rent Price
- San Diego Office Rent Price
- Charlotte Office Rent Price
- Washington Office Rent Price
- Chicago Office Rent Price
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 2022 through December 31st 2022. Construction pipeline data represented herein is valid as of April 2023. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Westminster 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.