2023 Office Space Rent & Sales
- $22.86 2023 Avg. Asking Rent
- -2.65% Y-o-Y Avg. Asking Rent Change
- 11.30% 2023 Office Vacancy Rate
Arvada office price per square foot in 2023 was $22.86 on average. This marked a -2.65% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 11.30% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Colorado Class A & A+ Office Space$36.72
- Colorado Class B Office Space$24.52
- Colorado Class C Office Space$30.48
Arvada, CO Office Asking Rents by Class
2023 Office Vacancy Rates in Arvada
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Denver Boulder Turnpike | $29.64 | 16.85% |
| I-25 Corridor | $27.20 | 12.16% |
| Arvada | $21.08 | 12.82% |
Office Spaces for Rent in Colorado
Coworking Spaces in Colorado
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2023 Office Construction in Arvada, CO
| Office building | Address | SF | Completed |
|---|---|---|---|
| Candelas Medical Offices | 15389 West 91st Place, 80007 | 44,300 | 2021 |
| 12500 W 58th Avenue | 12500 W 58th Avenue, 80002 | 24,081 | 2005 |
| 5420 Ward Road | 5420 Ward Road, 80002 | 25,148 | 2000 |
| 5420 Ward Road | 5420 Ward Road, 80002 | 23,646 | 2000 |
| 11645 W 62nd Pl | 11645 W 62nd Pl, 80004 | 8,867 | 2000 |
| 5990 Kipling Pkwy | 5990 Kipling Pkwy, 80004 | 1,950 | 2000 |
| 7950 Kipling Street | 7950 Kipling Street, 80005 | 33,190 | 1995 |
| 5790 Lamar St | 5790 Lamar St, 80002 | 5,000 | 1987 |
| 5400 Ward Rd # 2 | 5400 Ward Rd # 2, 80002 | 10,349 | 1985 |
| 6355 Ward Road (First Bank) | 6355 Ward Rd, 80004 | 30,104 | 1982 |
Worth noting among recent office completions on the Arvada market is Candelas Medical Offices, which is currently the largest new office development in the city, at 44,300 square feet.
See reports for other markets
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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 Arvada 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.