2023 Office Space Rent & Sales
- $23.75 2023 Avg. Asking Rent
- 1.74% Y-o-Y Avg. Asking Rent Change
- 21.17% 2023 Office Vacancy Rate
Fort Collins office price per square foot in 2023 was $23.75 on average. This marked a +1.74% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 21.17% across all asset classes combined.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Fort Collins Class A & A+ Office Space$39.97
- Fort Collins Class B Office Space$23.57
- Fort Collins Class C Office Space$21.20
- Colorado Class A & A+ Office Space$36.72
- Colorado Class B Office Space$24.52
- Colorado Class C Office Space$30.48
Fort Collins, CO Office Asking Rents by Class
Average office rent in Fort Collins rested at $23.75 per square foot in 2023. 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 Fort Collins averaged $39.97 per square foot. Across all submarkets, class B office space recorded an average asking rent of $23.57 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $21.20 per square foot, on average. Comparably, statewide Colorado average office rents by class in 2023 were: $36.72 per square foot for class A office space; $24.52 per square foot for class B office space; $30.48 per square foot for class C office space.
Coworking Spaces in Colorado
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2023 Office Construction in Fort Collins, CO
Office building | Address | SF | Completed |
---|---|---|---|
3405 South Timberline Road | 3405 South Timberline Road, 80525 | 102,000 | 2019 |
221 East Mountain Avenue | 221 East Mountain Avenue, 80524 | 72,944 | 2019 |
Harmony Technology Park - 5042 Technology Pkwy | 5042 Technology Pkwy, 80528 | 49,900 | 2013 |
204 Maple St #102 | 204 Maple St #102, 80521 | 958 | 2008 |
Great Western Bank Plaza | 3711 John F. Kennedy Parkway, 80525 | 45,600 | 2007 |
Riverbend Trail Offices | 2121 Midpoint Drive, 80525 | 21,600 | 2006 |
ANB Bank Building | 2108 Milestone Dr, 80525 | 12,258 | 2006 |
1300 Riverside Ave | 1300 Riverside Ave, 80524 | 36,128 | 2005 |
2020 Lowe St. Suite 101 / 102 | 2020 Lowe Street, 80525 | 8,234 | 2003 |
2032 Lowe Street | 2032 Lowe Street, 80525 | 17,000 | 2002 |
Worth noting among recent office completions on the Fort Collins market is 3405 South Timberline Road, which is currently the largest new office development in the city, at 102,000 square feet.
See reports for other markets
- Denver Office Rent Price
- Colorado Springs Office Rent Price
- Boulder Office Rent Price
- Greenwood Village Office Rent Price
- Englewood Office Rent Price
- Centennial Office Rent Price
- Lakewood Office Rent Price
- Littleton Office Rent Price
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- Manhattan 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 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Fort Collins 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.