2023 Office Space Rent & Sales
- $31.34 2023 Avg. Asking Rent
- -4.89% Y-o-Y Avg. Asking Rent Change
- 15.91% 2023 Office Vacancy Rate
Broomfield office price per square foot in 2023 was $31.34 on average. This marked a -4.89% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 15.91% 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
Broomfield, CO Office Asking Rents by Class
2023 Office Vacancy Rates in Broomfield
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Denver Boulder Turnpike | $29.64 | 16.85% |
| I-25 Corridor | $27.20 | 12.16% |
Office Spaces for Rent in Colorado
Coworking Spaces in Colorado
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2023 Office Construction in Broomfield, CO
| Office building | Address | SF | Completed |
|---|---|---|---|
| Simms Technology Park - 12120 Quantum Pkwy | 12120 Quantum Pkwy, 80021 | 41,480 | 2024 |
| STEM Business Park of Broomfield | 11100 Broomfield Ln, 80021 | 150,725 | 2023 |
| 11640 Teller Street | 11640 Teller Street, 80020 | 2,925 | 2020 |
| Arista Place | 8181 Arista Place, 80021 | 105,288 | 2016 |
| 385 Interlocken Crescent | 385 Interlocken Crescent, 80021 | 300,300 | 2010 |
| 8001 Arista Place | 8001 Arista Place, 80021 | 111,160 | 2009 |
| 16677 Lowell Blvd | 16677 Lowell Blvd, 80023 | 7,047 | 2005 |
| 16677 Lowell Blvd | 16677 Lowell Blvd, 80023 | 6,858 | 2005 |
| Interlocken Business Park - 390 Interlocken Crescent | 390 Interlocken Crescent, 80021 | 241,516 | 2004 |
| Eldorado Ridge III | 10901 West 120th Avenue, 80021 | 108,318 | 2004 |
Worth noting among recent office completions on the Broomfield market is Simms Technology Park - 12120 Quantum Pkwy, which is currently the largest new office development in the city, at 41,480 square feet.
See reports for other markets
- Denver Office Rent Price
- Colorado Springs Office Rent Price
- Boulder Office Rent Price
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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 Broomfield 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.