Colorado Springs Office Figures H2 2025

‒      The Colorado Springs office market saw negative 108,000 sq. ft. of total net absorption in H2 2025, a level nearly identical to the negative 102,000 sq. ft. seen in the first half of the year.

‒      Direct vacancy rose 40 basis points (bps) in H2 2025 to 9.2%. Vacancy remained highest in the CBD submarket, where it increased 160 bps to 13.2%. Class A direct vacancy increased by a margin of 50 bps to 12.2%, while Class B direct vacancy increased 40 bps to 9.1% in the second half of 2025.

‒      The average direct asking rent increased 1.8% in H2 2025, reaching $17.71 per sq. ft. NNN. The Class A average asking rent was nearly unchanged at $20.91 per sq. ft. NNN.

‒      No new projects have broken ground since the last delivery occurred in H1 2023 in the Northeast submarket.

‒      Total sales volume for 2025 was $65.3 million with an average price per sq. ft. of $135. Year-over-year, sales volume increased significantly compared to the $33.8 million recorded in 2024 which had an average price of $127 per sq. ft.