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

  Jul 14 vs. 3 mo. prior Y-O-Y
-
State
$81,456.40 +4.9% +2.6%

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Office Property Asking Price Index - Sale Trends

  Jul 14 vs. 3 mo. prior Y-O-Y
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State
$124.84 +0.7% +0.5%
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Metro
$101.46 -2.3% +2.1%
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County
$101.96 -2.9% +1.7%
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City
$102.04 -2.3% +0.7%

Current Colorado Springs market trends data indicates a decrease of -2.3% in the median asking price per sq ft for Office properties compared to the prior 3 months, with an increase of +0.7% 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

  Jul 14 vs. 3 mo. prior Y-O-Y
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State
$84.98 +2.6% +9.5%
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Metro
$74.86 +6.2% +18.1%
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County
$74.45 +6.4% +17.3%
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City
$76.22 +7.1% +18.2%

Current Colorado Springs market trends data indicates an increase of +7.1% in the median asking price per sq ft for Industrial properties compared to the prior 3 months, with an increase of +18.2% compared to last year's prices. County-wide, asking prices for Industrial properties are 6.4% higher at $74 per sq ft compared to the current median price of $76 per sq ft for Industrial properties in Colorado Springs, CO.

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Retail Property Asking Price Index - Sale Trends

  Jul 14 vs. 3 mo. prior Y-O-Y
-
State
$144.41 +3.2% +5.9%
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Metro
$143.17 -2.6% +4.2%
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County
$148.15 -2.7% +4.3%
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City
$156.94 -6.7% -2.6%

Current Colorado Springs market trends data indicates a decrease of -6.7% in the median asking price per sq ft for Retail Commercial properties compared to the prior 3 months, with a decrease of -2.6% compared to last year's prices. County-wide, asking prices for Retail Commercial properties are -2.7% lower at $148 per sq ft compared to the current median price of $157 per sq ft for Retail Commercial properties in Colorado Springs, CO.

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Multifamily Property Sale Prices - Sale Trends

  Jul 14 vs. 3 mo. prior Y-O-Y
-
State
$91,016.80 +3.1% -2.5%

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Office Property Sale Prices - Sale Trends

  Jul 14 vs. 3 mo. prior Y-O-Y
-
State
$136.85 +17.6% +23.3%

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Industrial Property Sale Prices - Sale Trends

  Jul 14 vs. 3 mo. prior Y-O-Y
-
State
$81.79 +5.7% +13.7%

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Retail Property Sale Prices - Sale Trends

  Jul 14 vs. 3 mo. prior Y-O-Y
-
State
$121.48 -1.5% -18.3%

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Multifamily Property Days on Market - Sale Trends

  Jul 14 vs. 3 mo. prior Y-O-Y
-
State
113 -6.8% -20.5%

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Office Property Days on Market - Sale Trends

  Jul 14 vs. 3 mo. prior Y-O-Y
-
State
235 +0.1% -6.7%

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Industrial Property Days on Market - Sale Trends

  Jul 14 vs. 3 mo. prior Y-O-Y
-
State
227 -3.9% -12.1%

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Retail Property Days on Market - Sale Trends

  Jul 14 vs. 3 mo. prior Y-O-Y
-
State
189 +2.5% +6.6%

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Office Property Asking Rent - Lease Trends

  Jul 14 vs. 3 mo. prior Y-O-Y
-
State
$16.12 -0.3% +1.9%
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Metro
$11.86 +0.7% +0.4%
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County
$11.95 +0.9% +0.9%
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City
$12.14 +1.3% +1.0%

The average asking rental rate per sq ft/year for Office properties in Colorado Springs, CO as of Jul 14 was $12.14. This represents an increase of 1.3% compared to the prior 3 months, with an increase of +1.0% year-over-year. County-wide, average rental rates in Colorado Springs are +0.9% higher at $11.95 per sq ft/year for Office properties currently for lease.

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Industrial Property Asking Rent - Lease Trends

  Jul 14 vs. 3 mo. prior Y-O-Y
-
State
$7.77 +3.8% +12.0%
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Metro
$6.80 +2.3% +0.6%
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County
$6.80 +2.2% +0.5%
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City
$6.85 +2.3% +1.0%

The average asking rental rate per sq ft/year for Industrial properties in Colorado Springs, CO as of Jul 14 was $6.85. This represents an increase of 2.3% compared to the prior 3 months, with an increase of +1.0% year-over-year. County-wide, average rental rates in Colorado Springs are +2.2% higher at $6.80 per sq ft/year for Industrial properties currently for lease.

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Retail Property Asking Rent - Lease Trends

  Jul 14 vs. 3 mo. prior Y-O-Y
-
State
$15.19 +1.3% +6.2%
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Metro
$11.91 -7.3% -4.2%
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County
$12.03 -7.4% -4.2%
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City
$12.11 -7.2% -3.9%

The average asking rental rate per sq ft/year for Retail Commercial properties in Colorado Springs, CO as of Jul 14 was $12.11. This represents a decrease of -7.2% compared to the prior 3 months, with a decrease of -3.9% year-over-year. County-wide, average rental rates in Colorado Springs are -7.4% lower at $12.03 per sq ft/year for Retail Commercial properties currently for lease.

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Office Property Days on Market - Lease Trends

  Jul 14 vs. 3 mo. prior Y-O-Y
-
State
181 -17.1% -7.6%

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Industrial Property Days on Market - Lease Trends

  Jul 14 vs. 3 mo. prior Y-O-Y
-
State
185 +2.2% +23.1%

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Retail Property Days on Market - Lease Trends

  Jul 14 vs. 3 mo. prior Y-O-Y
-
State
285 +1.1% +23.9%