Englewood Office Rent Price & Sales Report

2023 Office Space Rent & Sales

  • $23.53 2023 Avg. Asking Rent
  • 18.21% 2023 Office Vacancy Rate
  • $45.1M2023 Total Office Sales
  • $82.62Avg. Sale Price/SF

Englewood office price per square foot in 2023 was $23.53 on average. The local office market recorded an average vacancy rate of 18.21% across all asset classes combined. The 4 transactions that closed here throughout 2023 amounted to a total sale volume of $45.1M. Englewood office space commanded an average sale price per square foot of $82.62.

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

  • Englewood Class A & A+ Office Space$26.46
  • Englewood Class B Office Space$21.21
  • Englewood Class C Office Space$17.14
  • Colorado Class A & A+ Office Space$36.72
  • Colorado Class B Office Space$24.52
  • Colorado Class C Office Space$30.48

Englewood, CO Office Asking Rents by Class

Average office rent in Englewood rested at $23.53 per square foot in 2023. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in Englewood averaged $26.46 per square foot. Across all submarkets, class B office space recorded an average asking rent of $21.21 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $17.14 per square foot, on average. Comparably, statewide Colorado average office rents by class in 2023 were: $36.72 per square foot for class A office space; $24.52 per square foot for class B office space; $30.48 per square foot for class C office space.

2023 Office Vacancy Rates in Englewood

Submarket Asking Rents Vacancy Rates
Denver Tech Center $28.60 24.97%
Meridian $26.61 17.80%
Centennial $22.96 18.06%
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 Englewood market was 18.21% in 2023. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Englewood was 17.80% in the Meridian submarket, while the highest office vacancy in the market was 24.97%, recorded in Denver Tech Center.

Office Spaces for Rent in Colorado

Englewood Office Sale Price per SF

  • $82.622023 Avg. Price per SF
  • -24.24%Y-o-Y Avg. PpSF Change
  • $45.1M2023 Office Sales Volume
  • 42023 Number of Transactions

Englewood, CO Sale Price per SF Trend

  • Englewood Avg. Sale Price per SF in 2023$82.62
  • Colorado Avg. Sale Price per SF in 2023$243.00
Englewood office space cost in 2023 marked a -24.24% change compared to the previous year. The sale price for office space in Englewood averaged $82.62 per square foot in 2023, across all market subdivisions and asset classes. Conversely, the statewide Colorado average office sale price during the same time period was $243.00 per square foot.

2023 Office Sales Volume

  • Englewood, CO Total Office Sales Volume in 2023 $45.1M
  • Englewood, CO Total Number of Office Sales Closed in 2023 4
A total of 4 deals closed on the Englewood office market in 2023, adding up to a yearly sales volume of $45.1M. Notably, the largest transaction on the market saw 161 Inverness change hands for $16,500,000 on 11/21/2023.
Data provided by Commercial Edge

Coworking Spaces in Colorado

2023 Office Construction in Englewood, CO

Largest Office Properties Recently Completed in Englewood
Office building Address SF Completed
Synergy Medical Center 500 East Hampden Avenue, 80113 118,000 2021
169 Inverness 169 Inverness Drive West, 80112 118,859 2017
9846 Zenith Meridian Dr 9846 Zenith Meridian Dr, 80112 3,842 2015
The Cognizant Building 9655 Maroon Circle, 80112 166,912 2013
Shops at Vallagio 10111 Inverness Main St, 80112 10,281 2007
Hampden Place Medical Center 401 West Hampden Place, 80110 66,339 2004
Inverness Business Park - 345 Inverness Drive South 345 Inverness Drive South, 80112 175,287 2002
CH2M Hill Headquarters - North Building 9189 South Jamaica Street, 80112 122,524 2002
Lansing Point 11045 Lansing Circle, 80112 85,000 2002
Starz Encore Headquarters 8900 Liberty Circle, 80112 310,000 2001

Worth noting among recent office completions on the Englewood market is Synergy Medical Center, which is currently the largest new office development in the city, at 118,000 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 Englewood 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.