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

  Mar 15 vs. 3 mo. prior Y-O-Y
-
State
$85,065.46 +0.9% +10.6%

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Office Property Asking Price Index - Sale Trends

  Mar 15 vs. 3 mo. prior Y-O-Y
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State
$129.43 +1.3% +3.1%
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Metro
$102.86 +2.3% -1.8%
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County
$104.60 +3.5% -1.0%
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City
$105.03 +3.5% -0.2%

Current Colorado Springs market trends data indicates an increase of +3.5% in the median asking price per sq ft for Office properties compared to the prior 3 months, with a decrease of -0.2% compared to last year's prices. County-wide, asking prices for Office properties are 3.5% higher at $105 per sq ft compared to the current median price of $105 per sq ft for Office properties in Colorado Springs, CO.

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Industrial Property Asking Price Index - Sale Trends

  Mar 15 vs. 3 mo. prior Y-O-Y
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State
$91.98 +4.1% +12.5%
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Metro
$76.19 -0.3% +11.4%
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County
$76.46 -0.1% +12.7%
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City
$77.89 -0.9% +13.1%

Current Colorado Springs market trends data indicates a decrease of -0.9% in the median asking price per sq ft for Industrial properties compared to the prior 3 months, with an increase of +13.1% compared to last year's prices. County-wide, asking prices for Industrial properties are -0.1% lower at $76 per sq ft compared to the current median price of $78 per sq ft for Industrial properties in Colorado Springs, CO.

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Retail Property Asking Price Index - Sale Trends

  Mar 15 vs. 3 mo. prior Y-O-Y
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State
$152.18 -0.5% +8.4%
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Metro
$164.25 +0.0% +9.0%
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County
$176.46 -0.2% +13.4%
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City
$196.84 -3.8% +16.3%

Current Colorado Springs market trends data indicates a decrease of -3.8% in the median asking price per sq ft for Retail Commercial properties compared to the prior 3 months, with an increase of +16.3% compared to last year's prices. County-wide, asking prices for Retail Commercial properties are -0.2% lower at $176 per sq ft compared to the current median price of $197 per sq ft for Retail Commercial properties in Colorado Springs, CO.

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Multifamily Property Sale Prices - Sale Trends

  Mar 15 vs. 3 mo. prior Y-O-Y
-
State
$109,793.10 +7.4% +23.5%

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Office Property Sale Prices - Sale Trends

  Mar 15 vs. 3 mo. prior Y-O-Y
-
State
$136.17 +2.9% +15.8%

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Industrial Property Sale Prices - Sale Trends

  Mar 15 vs. 3 mo. prior Y-O-Y
-
State
$91.36 +5.5% +20.1%

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Retail Property Sale Prices - Sale Trends

  Mar 15 vs. 3 mo. prior Y-O-Y
-
State
$146.09 +4.6% +17.8%

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Multifamily Property Days on Market - Sale Trends

  Mar 15 vs. 3 mo. prior Y-O-Y
-
State
91 -1.9% -22.8%

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Office Property Days on Market - Sale Trends

  Mar 15 vs. 3 mo. prior Y-O-Y
-
State
223 -2.6% -6.6%

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Industrial Property Days on Market - Sale Trends

  Mar 15 vs. 3 mo. prior Y-O-Y
-
State
201 +2.3% -17.7%

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Retail Property Days on Market - Sale Trends

  Mar 15 vs. 3 mo. prior Y-O-Y
-
State
177 +23.2% -0.9%

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Office Property Asking Rent - Lease Trends

  Mar 15 vs. 3 mo. prior Y-O-Y
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State
$16.45 +1.6% +2.3%
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Metro
$11.92 +0.8% +1.6%
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County
$12.00 +0.9% +1.6%
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City
$12.21 +1.0% +2.1%

The average asking rental rate per sq ft/year for Office properties in Colorado Springs, CO as of Mar 15 was $12.21. This represents an increase of 1.0% compared to the prior 3 months, with an increase of +2.1% year-over-year. County-wide, average rental rates in Colorado Springs are +0.9% higher at $12.00 per sq ft/year for Office properties currently for lease.

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Industrial Property Asking Rent - Lease Trends

  Mar 15 vs. 3 mo. prior Y-O-Y
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State
$8.31 +1.5% +12.7%
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Metro
$7.17 +1.0% +8.1%
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County
$7.18 +1.2% +8.0%
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City
$7.23 +1.0% +8.0%

The average asking rental rate per sq ft/year for Industrial properties in Colorado Springs, CO as of Mar 15 was $7.23. This represents an increase of 1.0% compared to the prior 3 months, with an increase of +8.0% year-over-year. County-wide, average rental rates in Colorado Springs are +1.2% higher at $7.18 per sq ft/year for Industrial properties currently for lease.

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Retail Property Asking Rent - Lease Trends

  Mar 15 vs. 3 mo. prior Y-O-Y
-
State
$15.14 -0.6% +2.3%
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Metro
$12.83 +2.3% +1.2%
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County
$12.89 +2.1% +0.6%
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City
$12.86 +1.5% 0.0%

The average asking rental rate per sq ft/year for Retail Commercial properties in Colorado Springs, CO as of Mar 15 was $12.86. This represents an increase of 1.5% compared to the prior 3 months, with a decrease of 0.0% year-over-year. County-wide, average rental rates in Colorado Springs are +2.1% higher at $12.89 per sq ft/year for Retail Commercial properties currently for lease.

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Office Property Days on Market - Lease Trends

  Mar 15 vs. 3 mo. prior Y-O-Y
-
State
212 +10.6% -5.5%

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Industrial Property Days on Market - Lease Trends

  Mar 15 vs. 3 mo. prior Y-O-Y
-
State
183 +2.0% +5.1%

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Retail Property Days on Market - Lease Trends

  Mar 15 vs. 3 mo. prior Y-O-Y
-
State
252 +7.6% -8.0%