2023 Office Space Rent & Sales
- $23.16 2023 Avg. Asking Rent
- -2.37% Y-o-Y Avg. Asking Rent Change
- 23.39% 2023 Office Vacancy Rate
Lakewood office price per square foot in 2023 was $23.16 on average. This marked a -2.37% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 23.39% across all asset classes combined.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Lakewood Class A & A+ Office Space$33.36
- Lakewood Class B Office Space$23.27
- Lakewood Class C Office Space$13.48
- Colorado Class A & A+ Office Space$36.72
- Colorado Class B Office Space$24.52
- Colorado Class C Office Space$30.48
Lakewood, CO Office Asking Rents by Class
Average office rent in Lakewood rested at $23.16 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 Lakewood averaged $33.36 per square foot. Across all submarkets, class B office space recorded an average asking rent of $23.27 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $13.48 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.
2023 Office Vacancy Rates in Lakewood
Submarket | Asking Rents | Vacancy Rates |
---|---|---|
Lakewood - West | $25.13 | 24.94% |
Highway 121 Corridor | $17.67 | 18.94% |
Coworking Spaces in Colorado
- Houston Coworking Space
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- Tucson Coworking Space
2023 Office Construction in Lakewood, CO
Office building | Address | SF | Completed |
---|---|---|---|
St. Anthony Hospital - Medical Plaza 3 | 255 South Routt Street, 80228 | 104,000 | 2017 |
St Anthony Medical Plaza III | 255 South Routt St, 80226 | 104,000 | 2017 |
St. Anthony Hospital - Medical Plaza 1 & 2 | 11700 West 2nd Place, 80226 | 187,000 | 2012 |
St. Anthony Medical Plaza I & II | 11700 & 11750 West 2nd Place, 80228 | 186,672 | 2012 |
Belmar Block 5 | 7337 West Alaska Drive, 80226 | 20,000 | 2005 |
Zang Business Center | 555 Zang St, 80228 | 122,780 | 2001 |
Zang Business Center | 555 Zang St, 80228 | 122,780 | 2001 |
Union Financial Plaza | 355 Union Blvd, 80228 | 44,000 | 1987 |
Belmar Medical Building | 8015 West Alameda Avenue, 80226 | 31,853 | 1987 |
9600 W. Jewell Ave. | 9600 W. Jewell Ave., 80232 | 12,466 | 1986 |
Worth noting among recent office completions on the Lakewood market is St. Anthony Hospital - Medical Plaza 3, which is currently the largest new office development in the city, at 104,000 square feet.
See reports for other markets
- Denver Office Rent Price
- Colorado Springs Office Rent Price
- Boulder Office Rent Price
- Fort Collins Office Rent Price
- Greenwood Village Office Rent Price
- Englewood Office Rent Price
- Centennial Office Rent Price
- Littleton Office Rent Price
- Golden Office Rent Price
- Aurora Office Rent Price
- Broomfield Office Rent Price
- Westminster Office Rent Price
- Charlotte Office Rent Price
- Phoenix Office Rent Price
- Houston Office Rent Price
- Seattle 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 Lakewood 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.