2023 Office Space Rent & Sales
- $28.32 2023 Avg. Asking Rent
- 11.51% 2023 Office Vacancy Rate
Boulder office price per square foot in 2023 was $28.32 on average. The local office market recorded an average vacancy rate of 11.51% 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
Boulder, CO Office Asking Rents by Class
Office Spaces for Rent in Colorado
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2023 Office Construction in Boulder, CO
- Boulder, CO Total SF completed in 2023 33,700
- Boulder, CO Total SF under construction in 2024 214,185
During 2023, 33,700 square feet of new office space were delivered across the market. At the close of 2023, the Boulder office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 33,700 square feet of office space. Looking forward, development activity throughout 2024 is estimated to add 214,185 square feet of office space to the market, before year-end.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 4805 Sterling Dr | 4805 Sterling Dr, 80301 | 14,694 | 2024 |
| 1102 PEARL STREET | 1102 PEARL STREET, 80302 | 8,770 | 2021 |
| The William Building | 1650 Canyon Blvd, 80302 | 25,146 | 2020 |
| S'PARK - Market Building | 3200 Bluff Street, 80301 | 53,000 | 2019 |
| 3107 Iris Avenue | 3107 Iris Avenue, 80301 | 38,177 | 2018 |
| Boulder Commons North Building | 2490 Junction Place, 80301 | 60,200 | 2017 |
| Pearl West | 1048 Pearl Street, 80302 | 175,027 | 2016 |
| 6035 Longbow Drive | 6035 Longbow Drive, 80301 | 30,317 | 2016 |
| 909 Walnut St | 909 Walnut St, 80302 | 20,000 | 2015 |
| 4665 Nautilus Court | 4665 Nautilus Court, 80301 | 36,942 | 2008 |
Worth noting among recent office completions on the Boulder market is 4805 Sterling Dr, which is currently the largest new office development in the city, at 14,694 square feet.
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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 Boulder 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.