2023 Office Space Rent & Sales
- $23.16 2023 Avg. Asking Rent
- -2.37% Y-o-Y Avg. Asking Rent Change
- 23.39% 2023 Office Vacancy Rate
Lakewood office price per square foot in 2023 was $23.16 on average. This marked a -2.37% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 23.39% 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
Lakewood, CO Office Asking Rents by Class
2023 Office Vacancy Rates in Lakewood
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Lakewood - West | $25.13 | 24.94% |
| Highway 121 Corridor | $17.67 | 18.94% |
Office Spaces for Rent in Colorado
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2023 Office Construction in Lakewood, CO
| Office building | Address | SF | Completed |
|---|---|---|---|
| 9300 W Colfax | 9300 W Colfax, 80215 | 103,000 | 2018 |
| St. Anthony Hospital - Medical Plaza 3 | 255 South Routt Street, 80226 | 104,000 | 2017 |
| St. Anthony Hospital - Medical Plaza 1 & 2 | 11700 West 2nd Place, 80226 | 187,000 | 2012 |
| 7595 West Colfax Avenue | 7595 W Colfax Ave, 80214 | 4,927 | 2006 |
| Zang Business Center | 555 Zang St, 80228 | 122,780 | 2001 |
| 651 Garrison Street | 651 Garrison Street, 80215 | 14,723 | 2000 |
| 550 S. Wadsworth (First Bank) | 550 S Wadsworth Blvd, 80226 | 49,784 | 1987 |
| Union Financial Plaza | 355 Union Blvd, 80228 | 44,000 | 1987 |
| Belmar Medical Building | 8015 West Alameda Avenue, 80226 | 31,853 | 1987 |
| 9600 W. Jewell Ave. | 9600 W. Jewell Ave., 80232 | 12,466 | 1986 |
Worth noting among recent office completions on the Lakewood market is 9300 W Colfax, which is currently the largest new office development in the city, at 103,000 square feet.
See reports for other markets
- Denver Office Rent Price
- Colorado Springs Office Rent Price
- Boulder Office Rent Price
- Fort Collins Office Rent Price
- Greenwood Village Office Rent Price
- Englewood Office Rent Price
- Centennial Office Rent Price
- Littleton Office Rent Price
- Golden Office Rent Price
- Aurora Office Rent Price
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- San Antonio Office Rent Price
- Washington Office Rent Price
- Miami Office Rent Price
- Houston Office Rent Price
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 Lakewood 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.