Broomfield Office Rent Price & Sales Report

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%
Data provided by Commercial Edge
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Broomfield market was 15.91% in 2023. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Broomfield was 12.16% in the I-25 Corridor submarket, while the highest office vacancy in the market was 16.85%, recorded in Denver Boulder Turnpike.

Office Spaces for Rent in Colorado

Coworking Spaces in Colorado

2023 Office Construction in Broomfield, CO

Largest Office Properties Recently Completed in Broomfield
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
Central Park Tower 385 Interlocken Crescent, 80021 343,014 2010
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

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.

Data provided by Commercial Edge

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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.