Northern Colorado Office Figures H2 2025

‒      Positive net absorption of 30,000 sq. ft. was recorded in H2 2025, a notable improvement from the negative 37,000 sq. ft. of net absorption that occurred in H1 2025.

‒      Direct vacancy decreased 20 basis points (bps) to 7.5% in H2 2025. Year-over-year, direct vacancy increased 20 basis points from the 7.3% recorded at the end of 2024.

‒      Sublease availability decreased 2.7% from H1 2025's total and was down 13.1% year-over-year at 266,000 sq. ft.

‒      The direct average asking rent rose to $16.89 per sq. ft., a 3..0% increase from the $16.40 per sq. ft. seen in H1 2025.

‒      H2 2025 saw no new construction completions following the delivery of Riverbend Urban Village-Building 2 for 15,000 sq. ft in H1 2025. No new buildings broke ground in H2 2025.

‒      Total sales volume for the second half of 2025 was $51.9 million with an average price per sq. ft. of $137. This marked a substantial increase from the $3.2 million recorded in H1 2025.