Broomfield Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $28.19 2024 Avg. Asking Rent
  • 22.81% 2024 Office Vacancy Rate
  • $25.9M2024 Total Office Sales
  • $155.18Avg. Sale Price/SF

Broomfield office price per square foot in 2024 was $28.19 on average. The local office market recorded an average vacancy rate of 22.81% across all asset classes combined. The 3 transactions that closed here throughout 2024 amounted to a total sale volume of $25.9M. Broomfield office space commanded an average sale price per square foot of $155.18.

See how this market compares to the national average: U.S. office space rent & sales.

Average Rent by Office Class

2024 Average Office Rent per Square Foot

  • Colorado Class A & A+ Office Space$37.67
  • Colorado Class B Office Space$24.08
  • Colorado Class C Office Space$19.23

Broomfield, CO Office Asking Rents by Class

2024 Office Vacancy Rates in Broomfield

Submarket Asking Rents Vacancy Rates
Denver Boulder Turnpike $29.50 24.64%
I-25 Corridor $23.79 9.42%
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 22.81% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Broomfield was 9.42% in the I-25 Corridor submarket, while the highest office vacancy in the market was 24.64%, recorded in Denver Boulder Turnpike.

Office Spaces for Rent in Colorado

Broomfield Office Sale Price per SF

  • $155.182024 Avg. Price per SF
  • 23.78%Y-o-Y Avg. PpSF Change
  • $25.9M2024 Office Sales Volume
  • 32024 Number of Transactions

Broomfield, CO Sale Price per SF Trend

  • Broomfield Avg. Sale Price per SF in 2024$155.18
  • Colorado Avg. Sale Price per SF in 2024$115.50
Broomfield office space cost in 2024 marked a +23.78% change compared to the previous year. The sale price for office space in Broomfield averaged $155.18 per square foot in 2024, across all market subdivisions and asset classes. Conversely, the statewide Colorado average office sale price during the same time period was $115.50 per square foot.

2024 Office Sales Volume

  • Broomfield, CO Total Office Sales Volume in 2024 $25.9M
  • Broomfield, CO Total Number of Office Sales Closed in 2024 3
A total of 3 deals closed on the Broomfield office market in 2024, adding up to a yearly sales volume of $25.9M. Notably, the largest transaction on the market saw 6500 West 104th Avenue change hands for $19,000,000 on 5/30/2024.
Data provided by Commercial Edge

Coworking Spaces in Colorado

2024 Office Construction in Broomfield, CO

  • Broomfield, CO Total SF completed in 2024 41,480

During 2024, 41,480 square feet of new office space were delivered across the market. At the close of 2024, the Broomfield office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 41,480 square feet of office space.

Largest Office Properties Recently Completed in Broomfield
Office building Address SF Completed
11640 Teller Street 11640 Teller Street, 80020 2,925 2020
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
Interlocken Business Park - 380 Interlocken Crescent 380 Interlocken Crescent, 80021 240,185 2001
Eldorado Ridge III 10901 West 120th Ave, 80021 108,798 2001
Mountain View Corporate Center - Building II 12101 Airport Way, 80021 94,582 2000
Interlocken Business Park - 370 Interlocken Blvd 370 Interlocken Blvd, 80021 150,656 1999
Eldorado Ridge II 11101 West 120th Ave, 80021 108,343 1999

Worth noting among recent office completions on the Broomfield market is 11640 Teller Street, which is currently the largest new office development in the city, at 2,925 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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. 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.