Colorado Springs, CO Market Trends

Looking for more information on sold properties? Get the critical details you need on recent commercial property transactions days after the close of sale.

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Multifamily Property Asking Price Index - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
State
$82,129.26 +4.1% +1.5%

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Office Property Asking Price Index - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
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State
$126.39 +2.2% +1.2%
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Metro
$101.40 -2.0% +2.2%
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County
$101.69 -2.9% +1.6%
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City
$102.26 -1.7% +1.3%

Current Colorado Springs market trends data indicates a decrease of -1.7% in the median asking price per sq ft for Office properties compared to the prior 3 months, with an increase of +1.3% compared to last year's prices. County-wide, asking prices for Office properties are -2.9% lower at $102 per sq ft compared to the current median price of $102 per sq ft for Office properties in Colorado Springs, CO.

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Industrial Property Asking Price Index - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
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State
$85.81 +3.6% +10.3%
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Metro
$75.51 +6.4% +17.5%
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County
$75.13 +6.6% +16.9%
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City
$77.38 +8.1% +18.9%

Current Colorado Springs market trends data indicates an increase of +8.1% in the median asking price per sq ft for Industrial properties compared to the prior 3 months, with an increase of +18.9% compared to last year's prices. County-wide, asking prices for Industrial properties are 6.6% higher at $75 per sq ft compared to the current median price of $77 per sq ft for Industrial properties in Colorado Springs, CO.

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Retail Property Asking Price Index - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
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State
$147.97 +4.8% +7.3%
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Metro
$150.18 +1.1% +6.8%
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County
$157.59 +2.8% +8.3%
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City
$173.05 +3.7% +8.2%

Current Colorado Springs market trends data indicates an increase of +3.7% in the median asking price per sq ft for Retail Commercial properties compared to the prior 3 months, with an increase of +8.2% compared to last year's prices. County-wide, asking prices for Retail Commercial properties are 2.8% higher at $158 per sq ft compared to the current median price of $173 per sq ft for Retail Commercial properties in Colorado Springs, CO.

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Multifamily Property Sale Prices - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
State
$93,253.25 +5.1% -1.9%

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Office Property Sale Prices - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
State
$141.34 +16.1% +25.0%

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Industrial Property Sale Prices - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
State
$84.34 +7.1% +14.1%

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Retail Property Sale Prices - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
State
$123.67 +0.3% -17.9%

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Multifamily Property Days on Market - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
State
106 -10.8% -22.3%

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Office Property Days on Market - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
State
231 -2.0% -8.1%

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Industrial Property Days on Market - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
State
225 -1.3% -14.1%

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Retail Property Days on Market - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
State
172 -10.2% -2.4%

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Office Property Asking Rent - Lease Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
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State
$16.14 +0.5% +1.6%
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Metro
$11.87 +0.1% +0.9%
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County
$11.96 +0.3% +1.4%
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City
$12.16 +0.8% +1.5%

The average asking rental rate per sq ft/year for Office properties in Colorado Springs, CO as of Aug 14 was $12.16. This represents an increase of 0.8% compared to the prior 3 months, with an increase of +1.5% year-over-year. County-wide, average rental rates in Colorado Springs are +0.3% higher at $11.96 per sq ft/year for Office properties currently for lease.

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Industrial Property Asking Rent - Lease Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
State
$7.89 +4.2% +12.7%
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Metro
$6.83 +2.1% +0.9%
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County
$6.83 +2.0% +0.8%
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City
$6.88 +2.0% +1.2%

The average asking rental rate per sq ft/year for Industrial properties in Colorado Springs, CO as of Aug 14 was $6.88. This represents an increase of 2.0% compared to the prior 3 months, with an increase of +1.2% year-over-year. County-wide, average rental rates in Colorado Springs are +2.0% higher at $6.83 per sq ft/year for Industrial properties currently for lease.

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Retail Property Asking Rent - Lease Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
State
$15.25 +1.4% +6.4%
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Metro
$11.99 -5.6% -4.6%
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County
$12.10 -5.8% -4.5%
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City
$12.21 -5.4% -4.0%

The average asking rental rate per sq ft/year for Retail Commercial properties in Colorado Springs, CO as of Aug 14 was $12.21. This represents a decrease of -5.4% compared to the prior 3 months, with a decrease of -4.0% year-over-year. County-wide, average rental rates in Colorado Springs are -5.8% lower at $12.10 per sq ft/year for Retail Commercial properties currently for lease.

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Office Property Days on Market - Lease Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
State
177 -13.2% -14.3%

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Industrial Property Days on Market - Lease Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
State
184 -0.6% +22.9%

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Retail Property Days on Market - Lease Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
-
State
266 -7.7% +7.9%